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You are the project manager of the NHL Project for your organization. You are working with your project team to create the schedule baseline for this project. According to you, which of the following statements describes how the schedule baseline is created?
Suggested Answer: B
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Your schedule variance is -$33,750. You can find this by using the formula earned value-
minus planned.
Answer option C is incorrect. Cost is not the largest variance in the project.
Answer option A is incorrect. Cost is not the largest variance in the project (it is -$8,000).
Answer option D is incorrect. -$20,000 is the variance at completion for the project.
28 comments · newest first
NE
Nettie
11 months ago
Isn't it a mix of all these factors?
LE
Lezlie
11 months ago
Totally agree, the constraints play a big role!
AS
Ashton
12 months ago
Wait, can stakeholders really create the baseline?
KR
Kristine
12 months ago
I thought it was just assigned by management?
JA
Janine
1 year ago
It's definitely developed from the schedule network analysis.
LE
Leah
1 year ago
I thought stakeholders had a say in the schedule, but I’m leaning towards the idea that the baseline is more technical and comes from analysis.
RO
Rosann
1 year ago
I practiced a similar question, and I feel like the schedule network analysis plays a big role in developing the baseline, but I’m not completely confident.
HO
Hobert
1 year ago
I think the schedule baseline is something that gets approved by management, but I can't recall if that’s the only factor involved.
AZ
Azalee
1 year ago
I remember that the schedule baseline is often linked to the project’s overall planning, but I'm not sure if it’s just derived from constraints.
YU
Yuette
1 year ago
I'm a little confused by this question. I know the schedule baseline is a key part of project management, but I'm not sure of the specifics of how it's created. I'll have to review my notes and try to reason through the options.
BO
Bo
1 year ago
Okay, let me see. The schedule baseline is the approved version of the project schedule, right? I'm pretty sure it's not assigned by management or created by stakeholders, so I'll eliminate those options. I think it's developed from the schedule network analysis, so I'll go with D.
JO
Joanna
1 year ago
Hmm, I'm a bit unsure about this one. I know the schedule baseline is important, but I can't quite remember how it's created. I'll have to think this through carefully.
TE
Tenesha
1 year ago
This seems like a straightforward question about project management. I think the schedule baseline is developed from the schedule network analysis, so I'll go with option D.
VI
Virgina
1 year ago
I'm pretty sure the stakeholders would love to create the schedule baseline, but that's not how it works. The schedule baseline comes from the schedule network analysis, no doubt about it.
KI
King
1 year ago
D) It is developed from the schedule network analysis.
SA
Samira
1 year ago
B) It is assigned to the project by management.
OM
Omega
1 year ago
A) It is derived from the constraints of the project.
FR
Frederic
2 years ago
Haha, as if management would just hand us the schedule baseline and say, 'Here you go, deal with it!' Option B is definitely not the right answer.
JA
Jacquelyne
1 year ago
Yeah, management definitely doesn't just assign it to us. We have to consider project constraints and analyze the schedule network.
NI
Nilsa
1 year ago
D) It is developed from the schedule network analysis.
BU
Buffy
1 year ago
A) It is derived from the constraints of the project.
KE
Kenneth
2 years ago
I believe the schedule baseline is developed from the schedule network analysis, as it provides a more accurate timeline.
RU
Ruthann
2 years ago
I was a bit confused at first, but after thinking it through, I think D is the correct answer. The schedule baseline is derived from the schedule network analysis, not just assigned by management or created by stakeholders.
DO
Domitila
2 years ago
That makes sense. It's not just assigned by management or created by stakeholders.
JO
Jose
2 years ago
I agree, D is the correct answer. It's developed from the schedule network analysis.
RA
Rana
2 years ago
Option D seems like the obvious choice here. The schedule baseline is developed from the schedule network analysis, which includes all the activities, their dependencies, and the critical path.
RO
Rocco
2 years ago
I agree with Catarina, the schedule baseline should be based on project constraints.
CA
Catarina
2 years ago
I think the schedule baseline is derived from the constraints of the project.