Question 6 of 64

Examine the figure given below:

If Activity B takes eight days to complete instead of five days as schedule, how long can you now delay Activity H?

    Correct Answer: D

    Activity H must be analyzed within the context of the critical path of the project. Initially, the path under consideration (A-B-E-H-J) has a duration of 26 days, assuming B takes 5 days. If Activity B is extended to 8 days, it consumes 3 additional days out of its float time. Thus, the float usage does not directly impact the critical path duration immediately as other paths might still remain longer. However, considering the critical path dynamics and without extensive float recalculations, if Activity H delays any further, it might push the entire project timeline over its limit, leading to zero days of allowable delay for Activity H.

Question 7 of 64

You are the project manager of the GHT Project. Ben, one of your project team members, does not understand the idea of a milestone. Which of the following best describes what a milestone is?

    Correct Answer: A

    A milestone is a significant point or event in the project. It marks important stages in the project lifecycle, signifying the completion of major phases or key deliverables. Milestones serve as checkpoints to assess the project's progress, but they do not necessarily have to be linked to specific dates. They help in evaluating performance and guiding the direction of the project.

Question 8 of 64

You are the project manager of the GHY Project. Management wants you to create a process improvement plan for your project. Your project will be studied by management and will become a standard for all future organizational projects based on your project's performance, approach, and implementation of project processes. All of the following should be included in your project's process improvement plan except for which one?

    Correct Answer: D

    Identification of project risks is not part of the process improvement plan. Identifying risks falls under risk management and is documented in the risk register. The process improvement plan focuses on refining existing processes, which includes defining process boundaries, configuring processes, and setting targets for improved performance.

Question 9 of 64

George is the project manager of the NHQ Project and has a budget of $778,000. The project is scheduled to last for one year with an equal amount of work completed each quarter. The second quarter of the project has ended and George has spent $325,000 but has only finished forty percent of the project.

Management needs a variance report for the project schedule. What value should George report in this instance?

    Correct Answer: B

    Schedule variance (SV) is calculated using the formula SV = EV - PV, where EV is the Earned Value and PV is the Planned Value. Given that the project budget is $778,000 and the project should be 50% complete at the end of the second quarter, the Planned Value (PV) is 50% of $778,000, which is $389,000. The Earned Value (EV) is 40% of $778,000, which is $311,200. The schedule variance (SV) would therefore be $311,200 - $389,000, which equals -$77,800, indicating the project is behind schedule.

Question 10 of 64

You are the project manager of the NHQ Project. Management has set a conformance to the project schedule for your project at 0.95. What does this term mean?

    Correct Answer: A

    Conformance to the project schedule at 0.95 means that the project's schedule can deviate no more than five percent from the planned schedule. This is a measure of how strictly the project must adhere to its planned schedule, ensuring that variance in timing is kept within this narrow range.