A control chart is used to: A) Highlight the most critical issues to improve quality. B) Isolate the root cause of an issue. C) Determine whether or not a process is stable or has predictable performance. D) Illustrate quality …
PM Enterprises
A) – $500 B) $250 C) $500 D) $750 This week’s correct answer is: A “Cost variance (CV) is the amount of budget deficit or surplus at a given point in time, expressed as the difference between …
A project stakeholder who engages actively to ensure the success of the project can be classified as which of the following? A) Leading B) Supportive C) Neutral D) Unaware This week’s correct answer is: A A stakeholder is considered leading …
Prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact is known as: A) Quantitative Risk Analysis B) Sensitivity Analysis C) Qualitative Risk Analysis D) Design of Experiments This week’s correct answer is: …
A project with a CPI of .92 would be: A) Under Budget B) Behind Schedule C) Ahead of Schedule D) Over Budget This week’s correct answer is: D “The cost performance index (CPI) is a measure of the cost efficiency …
Project life cycles in which the project scope, time, and cost are determined in the early phases of the project are known as: A) Iterative B) Predictive C) Hybrid D) Incremental This week’s correct answer is: B “In a predictive …
The amount of time that a schedule activity can be delayed without delaying the early start of any successor activity is termed: A) Total Float B) Total Slack C) Free Float D) Free Time This week’s correct answer is: …
A project team examining data to determine whether or not a process is stable or has predictable performance is likely using what Quality Management tool? A) Control Chart B) Scatter Diagram C) Histogram D) Affinity Diagram This week’s correct …
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A Phase Gate is: A) A collection of logically related project activities that culminates in the completion of one or more deliverables. B) A logical grouping of project management inputs, tools and techniques, and outputs. C) A systematic series of activities …