Question 3What is one indicator that can inform us of our performance with regard to a project’s budget? 1 point Budgeted cost Earned Value (EV) Cost Performance Index (CPI) Actual…
Question 2During project execution, which of the following questions would be most helpful to ask during the “Correct and Control” step? 1 point Who will collect and report information? What…
Question 1Which of the following questions would NOT help clarify an aspect of project execution? 1 point What is the scope of the project? How will we take action to…
Question 10If three tasks in a project are estimated to cost $2,000, $10,000, and $20,000 respectively, which of the following is a MISCONCEPTION in how to allocate funds to cover…
Question 9If a task in a given project has a criticality index of 95%, what does this number say about that task? 1 point This task occurs before 5% of…
Question 8Figure 4: Cumulative Probability Curve for the duration of Project X According to the cumulative probability curve above, what is the probability that this project will be completed within…
Question 7Figure 4: Cumulative Probability Curve for the duration of Project X According to the cumulative probability curve above, what is the probability that this project will take AT LEAST…
Question 6Figure 3: Tornado Chart for Project X According to the Tornado Chart above, which task has the potential to cause the GREATEST IMPACT on the project’s OVERALL DURATION? 1…
Question 5 Figure 2: Table for Project X Consider the project detailed in the table above. Assume every task begins as soon as possible, but lasts its MINIMUM duration. What…
Question 4Figure 1: Risk Impact/Probability Chart for five risks: A, B, C, D, and E On the x-axis we have the relative magnitude of the ‘impact,’ with higher numbers indicating…
