EPIC PROJECT MANAGER ASSESSMENT QUESTIONS WITH CORRECT ANSWERS

How do the best project managers spend the majority of their time? Correct Answer Communicating with the project team A team member calls you mid-flight to inform you about an idea that she had to change one part of the solution design that she is going to present at tomorrow's customer meeting. She briefly explains her idea to you, but the mobile connection is poor and the call is disturbed with noise and short interruptions. How do you respond? Correct Answer "Call me when you get to your hotel so that we can discuss this further. Please confirm." A company currently has three active projects: Project A has a 85% chance of a 230,000 USD profit and a 15% chance of a 230,000 USD loss. Project B has a 55% chance of a 900,000 USD profit and a 45% chance of a 900,000 USD loss. Project C has a 73% chance of a 300,000 USD profit and a 27% chance of a 250,000 USD loss. What is the amount of the project with the highest monetary value? Correct Answer Project A, 161,000 USD. A project you are managing had a starting budget of 180,000 USD and an expected duration of 1 year and 3 months. The work and budget are spread equally over the duration.