Project Management: Questions
Not what you're looking for?
Question 26
Throughout a project, the Cost Performance Index has decreased from 1.3 to 0.8. The cost performance on this project has:
a. Improved.
b. Deteriorated.
c. Stayed about the same.
d. There is insufficient information to answer the question.
Question 27
Which of the following statements best describes the relationship between project cost and quality?
a. Six Sigma method has no relationship to project cost management.
b. Improved quality results in higher total life cycle cost.
c. Quality should be planned into the project to reduce total life cycle cost.
d. Quality is primarily a manufacturing issue and has no impact on project cost.
Question 28
If cumulative PV = ?100,000, cumulative EV = ?98,000, and cumulative AC = ?104,000, the project is:
a. Ahead of schedule.
b. Operating below project cost projections.
c. Likely to come in over budget at completion.
d. Likely to come in under budget at completion.
Question 29
Which of the following methods is most likely to result in an increase in project cost?
a. Earned value method
b. Trade-off decisions involving resources, schedule, and performance
c. Resource leveling
d. Crashing activities to meet end dates
Question 30
In which type of cost estimating is regression analysis technique used?
a. Bottom-up
b. Definitive
c. Parametric
d. Engineering (grass roots)
Purchase this Solution
Solution Summary
Solution clearly explains the concepts of Project Management like Project Cost, Project Scheduling, Project Budget by answer multiple choice questions.
Solution Preview
Answers:
=======
26) B. Deteriorated
27) C. Quality should be planned into the project to reduce total life cycle cost.
28) C. Likely to come in over budget at completion.
29) D. Crashing activities to meet end dates
30) C. Parametric
Explanation:
============
26)
Reference: http://www.cit.cornell.edu/computer/robohelp/cpmm/Glossary_Words/CPI.htm
Cost Performance Index (CPI)
A measure of cost efficiency on a project. It is the ratio of earned value (EV) to actual cost of work performed
(ACWP).
CPI = EV divided by ACWP.
A value equal to or greater than one indicates a favorable condition and a value less than one indicates an
unfavorable condition.
CPI is decreasing from 1.3 to 0.8, 0.8 < 1, so the Cost performance is Deteriorated.
------------
27)
The total life cycle cost of the entire project can be ...
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Lean your Process
This quiz will help you understand the basic concepts of Lean.