Project Management exam test quiz
and answers graded A+
Planned value - ANS✅✅The planed value of work that is scheduled in the current baseline
Budgets at completion - ANS✅✅Total planned value for the project
Actual cost - ANS✅✅The actual cost of the work performed (PV total times by % completed)
Cost variance (CV) - ANS✅✅EV-AC
Schedule Variance (SV) - ANS✅✅EV-PV
Cost performance Index (CPI) - ANS✅✅EV/AC
Schedule Performance Index (SPI) - ANS✅✅EV/PV
Estimate to Completion (ETC) - ANS✅✅(BAC-EV)/CPI
Estimate cost at completion (EAC) - ANS✅✅AC+ETC
Percent Complete Index-Budget (PCIB) - ANS✅✅EV/BAC
Percent Complete Index-Cost (PCIC) - ANS✅✅AC/EAC
To Complete Performance Index (TCPI) - ANS✅✅(BAC-EV)/(BAC-AC)
-TCPI >1 =MORE WORK THAN BUDGET
-TCPI = 1 =WORK AND BUDGET EQUAL
-TCPI < 1 =MORE BUDGET THAN WORK
, Team (scrum) - ANS✅✅-5-9 people
-Members should be full-time
-Teams are self-organized
Daily Scrum Meeting - ANS✅✅-Not for problem solving
-Parameters
-Helps avoid other unnecessary meetings
-members stand
Product backlog (scrum) - ANS✅✅-List of all desired work on the project
-Prioritized by the product owner
-Reprioritized at the start of each sprint
Risk Management Process - ANS✅✅-Identify
-Assess/Mitigation
-Plan
Certified Associate in project Management (CAPM) - ANS✅✅-Contribute to project team
-Need a secondary degree, 1500 hour project experience
Project management Professional - ANS✅✅-leads and directs team
-A secondary degree with at least five years of project management experience, 7500 hours of
leading and directing projects and 35 hours of project management education
OR
-4 year degree, 3 years of project management experience, 4500 hours leading, and 35 hours of
project management education
Program evaluation and Review Technique (PERT) Analysis- Steps - ANS✅✅-Calculate the
estimated time (Te)
-Find the projects critical path and calculate the standard deviation and variance
-Find the probability of completing the project by x number of days
and answers graded A+
Planned value - ANS✅✅The planed value of work that is scheduled in the current baseline
Budgets at completion - ANS✅✅Total planned value for the project
Actual cost - ANS✅✅The actual cost of the work performed (PV total times by % completed)
Cost variance (CV) - ANS✅✅EV-AC
Schedule Variance (SV) - ANS✅✅EV-PV
Cost performance Index (CPI) - ANS✅✅EV/AC
Schedule Performance Index (SPI) - ANS✅✅EV/PV
Estimate to Completion (ETC) - ANS✅✅(BAC-EV)/CPI
Estimate cost at completion (EAC) - ANS✅✅AC+ETC
Percent Complete Index-Budget (PCIB) - ANS✅✅EV/BAC
Percent Complete Index-Cost (PCIC) - ANS✅✅AC/EAC
To Complete Performance Index (TCPI) - ANS✅✅(BAC-EV)/(BAC-AC)
-TCPI >1 =MORE WORK THAN BUDGET
-TCPI = 1 =WORK AND BUDGET EQUAL
-TCPI < 1 =MORE BUDGET THAN WORK
, Team (scrum) - ANS✅✅-5-9 people
-Members should be full-time
-Teams are self-organized
Daily Scrum Meeting - ANS✅✅-Not for problem solving
-Parameters
-Helps avoid other unnecessary meetings
-members stand
Product backlog (scrum) - ANS✅✅-List of all desired work on the project
-Prioritized by the product owner
-Reprioritized at the start of each sprint
Risk Management Process - ANS✅✅-Identify
-Assess/Mitigation
-Plan
Certified Associate in project Management (CAPM) - ANS✅✅-Contribute to project team
-Need a secondary degree, 1500 hour project experience
Project management Professional - ANS✅✅-leads and directs team
-A secondary degree with at least five years of project management experience, 7500 hours of
leading and directing projects and 35 hours of project management education
OR
-4 year degree, 3 years of project management experience, 4500 hours leading, and 35 hours of
project management education
Program evaluation and Review Technique (PERT) Analysis- Steps - ANS✅✅-Calculate the
estimated time (Te)
-Find the projects critical path and calculate the standard deviation and variance
-Find the probability of completing the project by x number of days
