MAN 4583 EXAM 3 PROJECT MANAGEMENT UCF
UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
Question:
Data to collect
Answer:
task start date
actual duration
remaining duration
other actual costs
Question:
Earned value analysis
Answer:
financial value project as earned based on work completed
helps evaluate project schedule and costs
Govt projects require it
Question:
Earned value required elements:
Answer:
- budgeted cost of work schedule PV
- Budgeted cost of work competed EV
- Actual cost of work completed AC
Question:
Earned Value (EV)
Answer:
- value earned by work completed
Actual cost - labor cost
Question:
*When graphing, cost is vertical axis, time is horizontal axis - want to see earned
above planned value and cost below planned value
Answer:
Graphing EV, PV, AC
Question:
Problem tasks
Answer:
- incomplete tasks running late
- shock have started but haven't
- Haven't competed as much work as planned
Question:
, CPI formula
Answer:
CPI = EV/AC
CPI - cost performance index
EV - earned value
AC - actual cost
Question:
Agile Project management
Answer:
work is performed in springs, goals is to deliver ready to use feature
works well with changing business needs
Question:
Envision - define goal, boundaries, team guidelines
Speculate - planning an iteration, estimate effort and risks
Explore
Adapt - acting on feedback
Close
*speculate, explore, adapt get repeated
Answer:
Agile Project management Stages:
Question:
importance placed on ppl and interaction
Produce a product not documentation
customer collaborates throughout project
Changes expected and welcome
Estimates time, cost, quality and then figures out what feature can be pr
Answer:
Agile philosophy
Question:
Agile development
Answer:
sprint planning
Daily scrum
Sprint review
Sprint retrospective
Question:
outlines features
Schedule in iterations
Implemented in organization
Stop working on features when iteration ends
Log incomplete features
Answer:
Iteration, Milestone, Release Plan
UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
Question:
Data to collect
Answer:
task start date
actual duration
remaining duration
other actual costs
Question:
Earned value analysis
Answer:
financial value project as earned based on work completed
helps evaluate project schedule and costs
Govt projects require it
Question:
Earned value required elements:
Answer:
- budgeted cost of work schedule PV
- Budgeted cost of work competed EV
- Actual cost of work completed AC
Question:
Earned Value (EV)
Answer:
- value earned by work completed
Actual cost - labor cost
Question:
*When graphing, cost is vertical axis, time is horizontal axis - want to see earned
above planned value and cost below planned value
Answer:
Graphing EV, PV, AC
Question:
Problem tasks
Answer:
- incomplete tasks running late
- shock have started but haven't
- Haven't competed as much work as planned
Question:
, CPI formula
Answer:
CPI = EV/AC
CPI - cost performance index
EV - earned value
AC - actual cost
Question:
Agile Project management
Answer:
work is performed in springs, goals is to deliver ready to use feature
works well with changing business needs
Question:
Envision - define goal, boundaries, team guidelines
Speculate - planning an iteration, estimate effort and risks
Explore
Adapt - acting on feedback
Close
*speculate, explore, adapt get repeated
Answer:
Agile Project management Stages:
Question:
importance placed on ppl and interaction
Produce a product not documentation
customer collaborates throughout project
Changes expected and welcome
Estimates time, cost, quality and then figures out what feature can be pr
Answer:
Agile philosophy
Question:
Agile development
Answer:
sprint planning
Daily scrum
Sprint review
Sprint retrospective
Question:
outlines features
Schedule in iterations
Implemented in organization
Stop working on features when iteration ends
Log incomplete features
Answer:
Iteration, Milestone, Release Plan
