PMP Question Series: Time Management

(1) Your project management plan results in a project schedule that is too long. If the network diagram cannot change but you have extra peronnel resources. what is the best thing to do?
a) fast track
b) resource leveling
c) crash the project (x)
d) Monte Carlo analysis

(2) A PM is using weighted average duration estimates to perform schedule network analysis. which type of the mathematical analysis is being used?
a) critical path method
b) PERT (x)
c) Monte Carlo
d) Resource leveling

(3) A new project has four levels in the WBS and has been sequenced using the PDM. The activity duration estimates have been received. What should be done next?
a) create activity list
b) finalize the schedule
c) compress the schedule (x)

(4) You are a PM for a project that has four levels in WBS. A network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What time management activity should be done next?

a) begine control schedule
b) estimate activity resources
c) analogous estimate the schdule
d) gain approval (x)

management has told you to get the project completed two weeks earlier (change of end date / timeline of the project). what is the best thing to do?

--> analyze the impact
--> crash / fast track

(5) The WBS and WBS dictionary are completed. The project team has begun working on identifying risks. The sponsor contacts the project manager, requesting that responsibility assignment matrix be issued. There is little risk expected for the project and the PM manager has managed many project similar to this one. What is the next thing to do?

(a) ensure the project scope is defined (b) complete risk managment and issue the responsibility assignment matrix (c) create an activity list (x)

NOTE: (a) should happen before (b) is not the immediate next thing to do

(6) you need to shorten the project by exactly 4 months, but spend no more than $20,000 to do it. based on the information in the chart, you would include activity A as part of the solution. however, during the planning, the resource completing activity A strongly argued for a particular method of completing the scope in order to agree to be on the team. his scope was accepted because his expertise was needed on the project. The best way to crash the project would be to crash which activity(s)?

(A) activity A and H
(b) activity

reference:
activity original duration crash duration time saving, original cost. crash cost extra cost
A 24 22 2 100K 114 14K
F 18 15 3 117K 135 18k
D 23 19 4 225 245 20K
H 25 23 2 127000k $50 130K

answer : D

(7) Management wants the project completed in 40 days. The cost performance index (CPI) is 1.1, the project critical path duration is 38 days with a standard deviation of two days. What is the maximum project float?
--> 4 days.

NOTE: the project could be completed at 38 -2 = 36 days. The project float is 40 - 36 = 4 days

(8) The customer on a project tells the project manager he has run out of money to pay for the project. What should the project manager do first?

--> close the project or phase.

(9) Your project has a total float of negative 20. What should you do first?
a) fast track the project if overall project risk is already too high
b) acquire more resources for critical path activity (x)

(10) schedule compression
crashing often results in increased cost
fast tracking often results in increased risk.

(11) which of the following best explains why the team needs to approve the final schedule?
a) to enhance the team buy-in and loyalty
b) to ensure activities can be completed as scheduled(x)

(12) PM discovers that final deliverables will be completed two months after deliverable dates imposed by management. what should the PM do?
a) evaluate the impact on the company of completing this project late
b) look for options with stakeholders using some combination of scaling back work, reevaluating discretionary dependencies, and adding resources. (x)

(13) when project manager completes the detailed project schedule, it would be most important to get it approved by the
a) team
b) functional manager (x)

(14) You are managing a project with part-time resources in a weak matrix organization. Several of the team members attend team meetings and have not completed their activity assignments as scheduled. At your next team meeting, the most important agenda item would be:

a) To review project schedule and assignments
b) To define the impact of the delays (x)

(15)