Topic: PMI-SP Dumps

PMI-SP | Gary is the project manager for his organization… 0

Question: 33

Gary is the project manager for his organization. At each weekly status meeting with his project team, Gary collects information on the work that has been completed and reviews the work that is remaining in the project. Alice, one of Gary’s project team members, consistently reports that she’s late on her project work. After the meeting, Gary and Alice discuss why the work is late as it is causing other delays in the project. What is the review of the late work commonly called?

A. Variance analysis
B. Leadership
C. Quality control
D. Discipline

Answer: A

Explanation:

Variance analysis is the study to determine why a variance in the project exists. Alice’s late work may be for a number of reasons so Gary needs to determine why in order to address the problem. Variance analysis is a process that examines the dissimilarities between the planned and the actual budget or schedule in order to discover unacceptable risks to the budget, schedule, quality, or scope of the project. It is a method for resolving the total variance in the set of scope, schedule, and cost variables into particular component variances that are associated with defined factors affecting the cost, scope and schedule variables.

Answer option D is incorrect. Discipline is not the best answer as Gary, at this point, is simply reviewing the situation to determine why the variance exists.
Answer option C is incorrect. Quality control is the inspection of the work results to prove the existence of quality and to prevent mistakes from reaching the customer.
Answer option B is incorrect. This may be a type of leadership, but it is not the best answer for the question.

PMI-SP | Mary is the project manager for her company… 0

Question: 32

Mary is the project manager for her company. She’s working with the project team to compress the project schedule as the project must be completed by December 30. For some of the project activities, she and the project team have agreed to crash the project work. What must be true of these project activities for crashing to be acceptable?

A. The activities must be of fixed duration.
B. The activities must be effort-drive.
C. The activities must not be susceptible to the Law of Diminishing Returns.
D. The activities must be risk-free.

Answer: B

Explanation:

Crashing is the addition of project resources to complete effort-driven activities in faster time. By adding more labor the activity can be completed faster. Crashing is a schedule compression technique to obtain the greatest amount of compression for the least incremental cost. Crashing works for activities where additional
resources will shorten the duration. Approving overtime, bringing in additional resources, paying to expedite delivery to activities on the critical path are examples of crashing.

Answer option A is incorrect. An activity of fixed duration, such as printing 100,000 brochures in a printing press, won’t be completed faster by adding more effort.
Answer option D is incorrect. Activities need not be risk-free to use project crashing.
Answer option C is incorrect. All effort-driven activities are susceptible to the Law of Diminishing Returns. By adding more labor the value of the yield of the work decreases because of the cost of the labor added to the project work.

PMI-SP | You are the project manager of the GHE… 0

Question: 31

You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

A. $142,000
B. $232,000
C. $41,750
D. $23,750

Answer: D

Explanation:

Contingency reserves are estimated costs to be used at the discretion of the project manager to deal with anticipated, but not certain, events. These events are “known unknowns” and are part of the project scope and cost baselines. The contingency reserve is calculated by multiplying the probability and the impact for the risk event value for each risk event. The sum of the risk events equals the contingency reserve for the project. Note that Risk D is a positive risk amount.

Answer option C is incorrect. This value is the sum of the risk events if you did not include Risk D as a positive risk value.
Answer option A is incorrect. This is a sum of the risk event.
Answer option B is incorrect. This is a sum of the risk events without including Risk D as a positive risk event.

PMI-SP | Your project is supposed to be 60 percent… 0

Question: 29

You are the project manager of a project that has a budget of $675,000 and you have completed 40 percent of the project work. Your project is supposed to be 60 percent complete but you are actually only 40 percent complete. Due to some errors, however, you have actually spent $335,000 of the budget. Management wants to know what the project’s cost performance index (CPI) is. What value do you report?

A. -$135,000
B. .67
C. .81
D. -$65,000

Answer: C

Explanation:

Cost performance index (CPI) is used to calculate performance efficiencies. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost. The CPI is calculated based on the following formula: CPI = Earned Value (EV) / Actual Cost (AC) If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The CPI value of 1 indicates that the project is right on target. In this instances it is $270,000 divided by $335,000 for a CPI of .81. Answer option B is incorrect. .67 is actually the schedule performance index. Answer option D is incorrect. -$65,000 is the cost variance for the project. Answer option A is incorrect. -$135,000 is the schedule variance of the project.

PMI-SP | Holly is the project manager for her organization… 0

Question: 28

Holly is the project manager for her organization. In her project, she has worked with the project team to define when the project team will be utilized in the project, the duration of the project activities, and the sequence in which the project work must be completed. During several phases of her project, the project team will need to work more than fifty hours per week. The project team members have agreed this is necessary and they’re willing to do the work to complete the project.
Management, however, has not approved Holly’s schedule based on the overtime the scheduling will require. They have set a limit on the project schedule of 45
hours per week. What is this limit technically called? Each correct answer represents a complete solution. Choose all that apply.

A. Constraint
B. Assumption
C. Execution variance analysis
D. Resource leveling heuristic

Answer: A, D

Explanation:

Resource leveling is a rule of limiting the total number of hours a project team may work during a given time period in the project. If management restricts the project work to 45 per week, as in this example, Holly’s schedule will likely increase because the project team can’t complete as much work in one given time period. While this may be seen as a constraint, because it limits Holly’s options, it’s technically called a resource leveling heuristic.
Answer option B is incorrect. It is an assumption that’s believed to be true, but it hasn’t been proven to be true.
Answer option C is incorrect. Execution variance analysis describes the difference between what was planned and what was executed. A better term for this
experience would simply be a scope variance, scope change, or defect.

PMI-SP | You will need seven other inputs to this process… 0

Question: 27

You are the project manager for your organization. You and the project team are developing the project schedule for your current project. In addition to the enterprise environment factors and the organizational process assets, you will need seven other inputs to this process. Which one of the following is NOT an input to the Develop Schedule process?

A. Resource calendars
B. Schedule data
C. Activity list
D. Project scope statement

Answer: B

Explanation:

Schedule data is an output of the Develop Schedule process. The nine inputs to the Develop Schedule process are: activity list, activity attributes, project schedule network diagrams, activity resource requirements, resource calendars, activity duration estimates, project scope statement, enterprise environmental factors, and organizational process assets. Answer options C, A, and D are incorrect. These are the inputs to the Develop Schedule process.

PMI-SP | Samuel works as a project manager in Bluewell… 0

Question: 26

Samuel works as a project manager in Bluewell Inc. He is performing constructibility analysis in one of the initial planning phases. Which of these does constructibility take into account during analysis? Each correct answer represents a complete solution. Choose three.

A. Quality inspections and compliance
B. Location, logistics, and resource availability analysis
C. Labor productivity studies from previous similar projects in the area
D. The average price of general labor in the area

Answer: B,C,D

Explanation:

Constructibility analysis takes into account the location, logistics, resource availability analysis, the average price of general labor in the area, and labor productivity studies from previous similar projects in the area. Constructibility analysis is a process that starts in the initial planning phases and persists all over the entire planning cycle and into the implementation phase of the project. Constructibility analysis during the planning process examines the methods and cost of installed equipment and materials, technology, site conditions, resources, and related infrastructure. The benefit of constructibility analysis is to reduce both the time and cost of a project. Constructibility analysis is repeatedly performed throughout the life-cycle of a project in order to optimize cost, plan, and schedule while mitigating risk. It is a very important process that needs to be performed early in planning to allow alternatives to be considered and integrated into the design.

Answer option:

A is incorrect. This comes under the quality assurance phase.

PMI-SP | Which of the following individuals performs various… 0

Question: 25

Which of the following individuals performs various management roles within an administrative or functional area of the business, such as human resources, finance, accounting, or procurement?

A. Seller
B. Operations manager
C. Functional manager
D. Project manager

Answer: C

Explanation:

The role of a functional manager is to perform various management roles within an administrative or functional area of the business, such as human resources, finance, accounting, or procurement. He is assigned his own permanent staff to carry out the ongoing work. He should have a clear directive to manage all tasks within his functional area of responsibility.

Answer option D is incorrect. A project manager is an expert in the field of project management. He is responsible for the entire project from inception to completion. The project manager leads the team and helps negotiate the multiple relationships within any project whether with clients, team members, firm principals or any variety of partners and functions as the hub of a project.

Answer option A is incorrect. Seller is also known as a vendor, supplier or contractor. They are external company’s elements that enter into a contractual agreement to provide components or services necessary for the project.

Answer option B is incorrect. The role of operations manager is to perform various management roles in a core business area, such as research and development, design, manufacturing, provisioning, testing, or maintenance. The operations manager directly deals with constructing and maintaining the saleable products or services of the enterprise.

PMI-SP | You are the project manager of the OOI Project… 0

Question: 24

You are the project manager of the OOI Project and you’re forty percent complete with this project. The project has a BAC of $2,345,650 and you have spent $950,000 to date. Based on your aggressive scheduling you should at the 45 percent milestone today, but due to some early delays you’re running late. What is the schedule variance of your project?

A. -$29,350
B. -$117,282
C. -$938,260
D. -$11,740

Answer: B