Master PMI-SP Exam with Reliable Practice Questions
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You are creating a status report to show how your project is progressing. Management is interested in several key activities and their status. You need to report work performance information to management. All of the following are example of work performance information you should include in your report except for which one?
Correct : B
information. Management is interested in the how well the project
is performing, what activities are currently underway, and what's been completed to date.
Answer option A is incorrect the project's performance on schedule should be reported
Answer option C is incorrect as management is interested in what activities have been started and
finished.
Answer option D is incorrect as management does want to know the percent of completion for the
in-progress activities
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You are the project manager of the HQQ Project. Your project is running late by ten percent of where you should be at this time. Management is concerned and they'd like to know what your schedule variance is. Considering that the project has a BAC of $567,899, you are thirty percent complete, and you have spent $179,450. What is the schedule variance for this project?
Correct : B
The schedule variance can be found by subtracting the planned value from the earned
value. In this instance, it is $170,370 minus $227,160.
SV = 170,370 - 227,160 = -56,790
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option A is incorrect. $45,789 is not a valid calculation.
Answer option D is incorrect. -$30,268 is the expected variance at completion.
Answer option C is incorrect. There is enough information to know.
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Which of the following characteristics of conflict and the conflict management process should be recognized by the project managers while handling conflict in a team environment? Each correct answer represents a complete solution. Choose all that apply.
Correct : A, B, C
The characteristics of conflict and the conflict management process recognized by the
project managers while handling conflict in a team
environment are as follows:
Conflict is natural and forces a search for alternatives.
Openness resolves conflict.
Conflict resolution should focus on issues, not personalities.
Conflict is a team issue.
Conflict resolution should focus on the present, not the past.
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What formula would you use if your project had a BAC of $450,000, you have spent $191,000, and you are 40 percent complete though you are supposed to be 55 percent done and management wants to know your project's schedule performance index?
Correct : C
The schedule performance index can be found by dividing the earned value by the
planned value. In this instance, it is $180,000 / $247,500
for a value of .73.
Schedule performance index (SPI) is the measure of schedule efficiency on a project. It is used in
trend analysis to predict future performance.
SPI is the ratio of earned value to planned value. The SPI is calculated based on the following
formula:
SPI = Earned Value (EV) / Planned Value (PV)
If the SPI value is greater than 1, it indicates better than expected performance, whereas if the value
is less than 1, it shows poor
performance. The SPI value of 1 indicates that the project is right on target.
Answer option D is incorrect. This is the schedule variance formula of EV-PV.
Answer option A is incorrect. This is the TCPI formula of 1.04.
Answer option B is incorrect. This is the VAC formula with a result of -$27,500.
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Beth is the project manager of the KJH project. Sarah is Beth's administrative assistant and Ben is the project team leader. Beth's project has eight virtual teams throughout the world that will be working on the activities relevant to the deliverables in their locales. Thomas, the project sponsor, has told Beth that he is to be kept abreast of all communication between her project and the stakeholders. In this project, who is the lead person responsible for communication with all stakeholders?
Correct : D
Beth, the project manager, is responsible for communication with all stakeholders. According to the
PMBOK, the project manager occupies the
center of the interactions between stakeholders and the project itself.
Answer option B is incorrect. Sarah may help with the communications, but she is not responsible
for the communications.
Answer option A is incorrect. Thomas, the project sponsor, just needs to be kept abreast of the
information.
Answer option C is incorrect. The project team leaders for the virtual sites are not responsible for
communicating with the project
stakeholders.
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