Earned value measures: ROI, NPV and PBP Quality Progress against budget Status o
ID: 3908678 • Letter: E
Question
Earned value measures:
ROI, NPV and PBP
Quality
Progress against budget
Status of deliverables
If a project has an SPI of 90% and a CPI of 110%, it is:
over budget, behind schedule
under budget, behind schedule
over budget, ahead of schedule
under budget, ahead of schedule
Three types of estimates are:
Budgetary, fiscal and MIPPS
ROM, budgetary and definitive
ROI, NPV and PBP
PMI, ASPCA and OMDB
Three estimating methodologies are:
Budgetary, experiential and governmental
analogous or top down, detailed or bottom up and parametric
experiential, regression and experimental
by luck, by guess and by golly
Three types of dependencies are:
absolute, negative and positive
start-start, start-stop and pause-stop
mandatory, external and discretionary
relative, in-law and natural
A task has a most likely duration of 2 days, an optimistic duration of 1 day and a pessimistic duration of 3 days. What is the PERT method estimate of the duration of the task?
1 day
2 days
2.5 days
1.5 days
Earned value measures:
Scope
Time
Cost
All of the above
13) Project 1 has five bidders. Its value is $300,000, but will cost $40,000 to bid. What is its EMV?
$28,000
$260,000
$32,000
insufficient data
14) Project 2 has 100 bidders. Its value is $20,000,000, but will cost $200,000 to bid. What is its EMV?
$2,000
$20,000
$19,800,000
insufficient data
15) If he can only bid on one project, a risk-seeking manager will bid on which one?
a) project 1
b) project 2
c) insufficient data
16) A face to face meeting is the best way to:
a) assess commitment
b) build consensus
c) mediate a conflict
d) give complex instructions
e) all the above
17) Insurance is an example of:
risk avoidance
risk acceptance
risk transference
risk mitigation
18) An important tool for use in communications planning is ______ _____.
19) Meetings should have:
a) purpose and outcomes
agendas
time boxes
logistical arrangements
all the above
According to the lecture, most important to the success of the project is:
user involvement
proper planning
clear vision and objectives
competent staff
21) Managers frequently add a ______ ________ to budgets for unforeseen events.
Explanation / Answer
Please Note: As per Chegg Answering Guidelines, I should answer the first question only. I have answered 4 questions here. Please Post Separate for other Questions.
Q)
Earned value measures:
ROI, NPV and PBP
Quality
Progress against budget
Status of deliverables
Answer)
Earned value measures:
Progress against budget
EVM measure the progress achieved by the project against the budget.
Q)
If a project has an SPI of 90% and a CPI of 110%, it is:
over budget, behind schedule
under budget, behind schedule
over budget, ahead of schedule
under budget, ahead of schedule
Answer)
SPI of 90%, so project is behind schedule
CPI of 110%, means the project is under budget.
Thus the correct option will be:
under budget, behind schedule
Q) Three types of estimates are:
Budgetary, fiscal and MIPPS
ROM, budgetary and definitive
ROI, NPV and PBP
PMI, ASPCA and OMDB
Answer)
ROM, budgetary and definitive
The above are the 3 types of estimates.
Q)
A task has a most likely duration of 2 days, an optimistic duration of 1 day and a pessimistic duration of 3 days. What is the PERT method estimate of the duration of the task?
1 day
2 days
2.5 days
1.5 days
Answer)
E = (TOPT + 4 x TLIEKLY + TPESS) / 6
Estimation of the duration of the task =
(1+ 4x2 + 3) / 6 = 12/6 = 2
Thus the correct PERT method estimate of the duration of the task = 2 days.
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