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 issues or areas for improvement.

This week’s correct answer is:

           C           

“Control charts are used to determine whether or not a process is stable or has predictable performance. Upper and lower specification limits are based on the requirements and reflect the maximum and minimum values allowed. Upper and lower control limits are different from specification limits. The control limits are determined using standard statistical calculations and principles to ultimately establish the natural capability for a stable process.”

A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 301) 

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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 earned value and the actual cost. It is a measure of cost performance on a project.”

CV=  EV – AC
CV=  2500 -3000
CV =  – $500

A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 262)

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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 if he or she is aware of the project and its potential outcomes and is actively engaged in ensuring the project’s success. Supportive is a stakeholder who aware of the project and its potential outcomes and is supportive of the project, but not as actively engaged in its success. Neutral is aware of the project yet neither supportive nor resistant. Unaware is unaware of the project and its potential impacts.

A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)- Sixth Edition, Project Management Institute, Inc., 2017 (page 521).

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Prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact is known as:

1. A) Quantitative Risk Analysis
   B) Sensitivity Analysis
   C) Qualitative Risk Analysis
   D) Design of Experiments

This week’s correct answer is:  

C

“Perform Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks.”

A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 419)

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A) Under Budget
B) Behind Schedule
C) Ahead of Schedule
D) Over Budget

This week’s correct answer is:  

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:  

The amount of time that a schedule activity can be delayed without delaying the early start of any successor activity is termed:

A

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 directed toward causing an end result where one or more inputs will be acted upon to create one or more outputs.

D) A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a program or project.

This week’s correct answer is:

D