WGU C176 CompTIA Project+ Project Management
Problem Solving Exam Questions and With Distinction
level Marking scheme updated 2024/2025
The formula for SPI (schedule performance index) is - correct answer EV divided by
PV (in this case, = .95).
Solicitation is - correct answer the process of obtaining responses on project work from
vendors.
Risk Register - correct answer A risk register is a document that contains results of
qualitative and quantitative risk analyses and risk response planning. Description,
category, cause, probability of occurrence, impact on objectives, proposed responses,
owner, and current status of all identified risks are entered in the risk register.The risk
register contains the following elements:
List of identified risks
List of potential responses
The risk register also often contains warning signs or triggers, although they aren't listed
as an official part of the register.
Fixed-price contracts are - correct answer riskiest to the seller. Every contract has two
most important driving factors: the price and the scope of work. Also, the price "hits" the
buyer, whereas the scope of work hits the seller. Since the price is fixed in the fixed-
price contract, the "uncertainty" is not with regard to price, so the buyer has no such
uncertainty about it. If the scope of work has not been studied in greater detail earlier in
the process, and at any point more effort is required to complete the contracted work,
this would affect the seller, who would bear the uncertainty. Hence, fixed price contracts
are more risky for the seller.
The business case documents - correct answer the reasons for the project, justification
for the project, and how it fits in with the company objectives. It establishes the
justification for the project, how it aligns to the strategic goals of an organization, and
the business need or opportunity that brought about the project.
,A MOU (memorandum of understanding) is - correct answer an agreement that
outlines specific performance criteria or other actions between two or more parties. It is
used when a legal agreement cannot be created between the parties.
An NDA (nondisclosure agreement) is - correct answer used when organizations
engage the services of an outside entity and want to assure that sensitive or trade
secret information is not shared outside the organization.
An SLA (service level agreement) - correct answer defines service level performance
expectations among two or more parties.
The critical path is - correct answer the longest project path
CPI (Cost performance index) - correct answer Performance indexes are primarily
used to calculate performance efficiencies.
The CPI formula is EV divided by AC.
CPI is the most critical of all EVM measurements.
Cost performance index (CPI) is a measure of cost efficiency on a project. The CPI is
the ratio of earned value to actual cost. It is used to calculate performance efficiencies,
as well as predict future performance in trend analysis. The CPI is calculated using the
following formula:CPI = Earned value (EV) / Actual cost (AC)If the CPI value is greater
than 1, it indicates better than expected performance; if less than 1, it shows poor
performance. A CPI value of 1 indicates that the project is right on target.
The ten PMBOK Guide knowledge areas are - correct answer Scope, Time, Cost,
Quality, Human Resources, Communications, Risk, Procurement, Integration, and
Stakeholder.
The chart of account is - correct answer included in the cost management plan. It lists
the account number and description for each category of expense you will use on the
budget.
, Three-point estimates are - correct answer an average of most likely, pessimistic, and
optimistic estimates.
Three-point estimate = (most likely estimate + optimistic estimate + pessimistic
estimate)/3
CPI and SPI - correct answer Cost performance index (CPI) is a measure of the value
of work completed at a given measurement date against its actual cost. Schedule
performance index (SPI) is a measure of progress to date against planned progress. If
the CPI is greater than one, you are earning more than the amount spent. In other
words, you are under budget. If the SPI is less than one, this means less work has been
completed than the planned work. In other words, you are behind schedule.
The following steps are included in the change management process when any change
is requested by the key stakeholder in a project: - correct answer Identify and
document the change request.
Track requests in the change request log.
Evaluate the impact and justification of the change.
Disposition the request at the change control board and approve or deny.
Implement the change.
Validate the change and perform a quality check.
Update the project management plan, update the appropriate project documents, and
apply version control.
Coordinate and communicate with the appropriate stakeholders.
Work Breakdown Structure (WBS) - correct answer A work breakdown structure (WBS)
is a visual decomposition of project scope. Project scope is further broken down into
smaller, more manageable units, each of which can be broken down further to arrive at
the "work package," the smallest item in the WBS.Project groups and its discrete work
elements are defined in a way that helps organize and define the project's total work
scope. A WBS element can be a product, data, a service, or any combination thereof.
WBS also provides the necessary framework for detailed cost estimating and control,
along with guidance for schedule development and control.
Problem Solving Exam Questions and With Distinction
level Marking scheme updated 2024/2025
The formula for SPI (schedule performance index) is - correct answer EV divided by
PV (in this case, = .95).
Solicitation is - correct answer the process of obtaining responses on project work from
vendors.
Risk Register - correct answer A risk register is a document that contains results of
qualitative and quantitative risk analyses and risk response planning. Description,
category, cause, probability of occurrence, impact on objectives, proposed responses,
owner, and current status of all identified risks are entered in the risk register.The risk
register contains the following elements:
List of identified risks
List of potential responses
The risk register also often contains warning signs or triggers, although they aren't listed
as an official part of the register.
Fixed-price contracts are - correct answer riskiest to the seller. Every contract has two
most important driving factors: the price and the scope of work. Also, the price "hits" the
buyer, whereas the scope of work hits the seller. Since the price is fixed in the fixed-
price contract, the "uncertainty" is not with regard to price, so the buyer has no such
uncertainty about it. If the scope of work has not been studied in greater detail earlier in
the process, and at any point more effort is required to complete the contracted work,
this would affect the seller, who would bear the uncertainty. Hence, fixed price contracts
are more risky for the seller.
The business case documents - correct answer the reasons for the project, justification
for the project, and how it fits in with the company objectives. It establishes the
justification for the project, how it aligns to the strategic goals of an organization, and
the business need or opportunity that brought about the project.
,A MOU (memorandum of understanding) is - correct answer an agreement that
outlines specific performance criteria or other actions between two or more parties. It is
used when a legal agreement cannot be created between the parties.
An NDA (nondisclosure agreement) is - correct answer used when organizations
engage the services of an outside entity and want to assure that sensitive or trade
secret information is not shared outside the organization.
An SLA (service level agreement) - correct answer defines service level performance
expectations among two or more parties.
The critical path is - correct answer the longest project path
CPI (Cost performance index) - correct answer Performance indexes are primarily
used to calculate performance efficiencies.
The CPI formula is EV divided by AC.
CPI is the most critical of all EVM measurements.
Cost performance index (CPI) is a measure of cost efficiency on a project. The CPI is
the ratio of earned value to actual cost. It is used to calculate performance efficiencies,
as well as predict future performance in trend analysis. The CPI is calculated using the
following formula:CPI = Earned value (EV) / Actual cost (AC)If the CPI value is greater
than 1, it indicates better than expected performance; if less than 1, it shows poor
performance. A CPI value of 1 indicates that the project is right on target.
The ten PMBOK Guide knowledge areas are - correct answer Scope, Time, Cost,
Quality, Human Resources, Communications, Risk, Procurement, Integration, and
Stakeholder.
The chart of account is - correct answer included in the cost management plan. It lists
the account number and description for each category of expense you will use on the
budget.
, Three-point estimates are - correct answer an average of most likely, pessimistic, and
optimistic estimates.
Three-point estimate = (most likely estimate + optimistic estimate + pessimistic
estimate)/3
CPI and SPI - correct answer Cost performance index (CPI) is a measure of the value
of work completed at a given measurement date against its actual cost. Schedule
performance index (SPI) is a measure of progress to date against planned progress. If
the CPI is greater than one, you are earning more than the amount spent. In other
words, you are under budget. If the SPI is less than one, this means less work has been
completed than the planned work. In other words, you are behind schedule.
The following steps are included in the change management process when any change
is requested by the key stakeholder in a project: - correct answer Identify and
document the change request.
Track requests in the change request log.
Evaluate the impact and justification of the change.
Disposition the request at the change control board and approve or deny.
Implement the change.
Validate the change and perform a quality check.
Update the project management plan, update the appropriate project documents, and
apply version control.
Coordinate and communicate with the appropriate stakeholders.
Work Breakdown Structure (WBS) - correct answer A work breakdown structure (WBS)
is a visual decomposition of project scope. Project scope is further broken down into
smaller, more manageable units, each of which can be broken down further to arrive at
the "work package," the smallest item in the WBS.Project groups and its discrete work
elements are defined in a way that helps organize and define the project's total work
scope. A WBS element can be a product, data, a service, or any combination thereof.
WBS also provides the necessary framework for detailed cost estimating and control,
along with guidance for schedule development and control.
