PMI-SP Exam Questions

Work performance measurements are metrics that are defined to collect performance

and progress of the project. Typical metrics are

deliverables, schedule, and costs, though additional metrics, such as quality, can be added.

Work performance measurements are created from the work performance information. WPMs are

an output of Control schedule, Control cost,

and Control scope processes, which are monitoring and controlling processes. WPMs consist of

planned versus actual performance indicators

with respect to scope, schedule, and cost. They are documented and communicated to the

stakeholders and are used to make project activity

metrics, such as the following:

Planned vs. Actual Technical performance and Scope performance

Planned vs. Actual Schedule performance

Planned vs. Actual Cost performance

Answer option D is incorrect. The project management plan is too broad and is not the best choice.

Answer option B is incorrect. The cost management plan and the project schedule would not provide

all the information that management has

requested.

Answer option A is incorrect. The milestone list does not include performance metrics.

The performance measurement baseline, which can be comprised of cost, scope, and schedule, is the foundation for creating a performance report. Answer option B is incorrect. The scope baseline will only reflect the performance of the scope, whereas performance reports typically need scope, time, and cost as its foundation. Answer option A is incorrect. Cost variances and the cost performance index are cost values that must be considered along with the scope performance and schedule performance. Answer option D is incorrect. Only reporting performance on the schedule is not enough for a performance report. Laura should also report on scope and cost at a minimum.

The project charter is an input to the identify stakeholder process. It provides information about the

internal and external parties concerned

and is affected by the project.

The project charter is the document that formally authorizes a project. The project charter provides

the project manager with the authority to

apply organizational resources to project activities. According to PMBOK Guide, the project charter

should address the following information:

Requirements that satisfy customer, sponsor, and other stakeholder needs, wants and expectations

Business needs, high-level project description, or product requirements that the project is

undertaken to address

Project purpose or justification

Assigned Project Manager and authority level

Summary milestone schedule

Stakeholder influences

Functional organizations and their participation

Organizational, environmental and external assumptions

Organizational, environmental and external constraints

Business case justifying the project, including return on investment

Summary budget

If required, it also authorizes the next project phase, and updates the charter. The project manager

should always be assigned prior to the

start of planning, and preferably while the project charter is being developed.

Answer option A is incorrect. Expert judgment is a technique based on a set of criteria that has been

acquired in a specific knowledge area or

product area. It is obtained when the project manager or project team requires specialized

knowledge that they do not possess. Expert

judgment involves people most familiar with the work of creating estimates. Preferably, the project

team member who will be doing the task

should complete the estimates. Expert judgment is applied when performing administrative closure

activities, and experts should ensure the

project or phase closure is performed to the appropriate standards.

Answer option C is incorrect. Stakeholder analysis is the identification of stakeholder needs, wants

and expectations. It involves the

documentation, prioritization, and quantification of the needs to help define the project scope.

Stakeholders' interests may be positively or

negatively affected by execution or completion of the project and they may also exert influence over

the project and its deliverables.

Answer option D is incorrect. The stakeholder register is a project management document that

contains a list of the stakeholders associated

with the project. It assesses how they are involved in the project and identifies what role they play in

the organization. The information in this

document can be very perceptive and is meant for limited exchange only. It also contains relevant

information about the stakeholders, such as

their requirements, expectations, and influence on the project.

According to the question, the schedule variance (SV) of the project is zero. A value of 0

indicates that the project is right on target.

Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that

the schedule is ahead or behind what

was planned for this period in time. The schedule variance is calculated based on the following

formula:

SV = Earned Value (EV) - Planned Value (PV)

If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater

than 0 shows that the project is ahead of

the planned schedule. A value of 0 indicates that the project is right on target.

Answer option C is incorrect. The negative SV means that project is behind the schedule.

Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the

project.

Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned

schedule.

The critical path is the path in the project network diagram with the longest duration. In project management, a critical path is the sequence of project network activities which add up to the longest overall duration. This determines the shortest time possible to complete the project. Any delay of an activity on the critical path directly impacts the planned project completion date (i.e. there is no float on the critical path). In this instance path ACGIJ is the longest as it takes 23 days.

Answer options C and D are incorrect. These paths take 13 days. Answer option A is incorrect. This path only takes 19 days.