1. The problem involves identifying the process that defines and controls what is or is not included in a project. Answer: a. Project Scope Management 2. Given: Project duration = 100 days, Budget = 10000, Days passed = 50, Amount spent = 7000, Work completed = 60%. Earned Value (EV) is the value of work actually performed expressed in terms of the approved budget. $$EV = \text{Percent Complete} \times \text{Budget} = 0.60 \times 10000 = 6000$$ Answer: b. 6000 3. Planned Value (PV) is the budgeted cost for work scheduled to be done by a certain time. Since 50 days have passed out of 100 days, the planned work is 50%. $$PV = \text{Percent Planned} \times \text{Budget} = 0.50 \times 10000 = 5000$$ Answer: c. 5000 4. Cost Variance (CV) is the difference between Earned Value and Actual Cost. Actual Cost (AC) = 7000 $$CV = EV - AC = 6000 - 7000 = -1000$$ Answer: d. -1000 5. Two deliverables that form part of the Work Breakdown Structure (WBS) creation process are: - Scope Baseline - Project Scope Statement Answer: b. Scope Baseline and c. Project Scope Statement 6. Using a previous completed project as a basis for a new project is called the Analogy approach. Answer: c. Analogy approach 7. Tasks and durations: - A: 4 days - B (after A): 7 days - C (after A): 5 days - D (after B): 8 days - E (after B, C): 9 days - F (after D, E): 3 days Paths: - Path 1: A-B-D-F = 4 + 7 + 8 + 3 = 22 days - Path 2: A-B-E-F = 4 + 7 + 9 + 3 = 23 days - Path 3: A-C-E-F = 4 + 5 + 9 + 3 = 21 days Critical path is the longest path: Path 2: A, B, E, F Answer: b. Path 2: A, B, E, F 8. Causes of projects exceeding budget: - Lack of resources - Project not based on realistic cost estimations Answer: a. Lack of resources and b. The project is not based on realistic cost estimations 9. Correct statements about six-sigma: - Helps define the problem/opportunity, process, and customer requirements - Is a tool useful for process improvements Answer: c. Helps define the problem/opportunity, process, and customer requirements and d. Is a tool useful for process improvements 10. The second last phase in the Project Life Cycle is Monitoring and Controlling. Answer: d. Monitoring and Controlling 11. Number of communication channels for 5 people (4 staff + Rachel): $$\text{Channels} = \frac{n(n-1)}{2} = \frac{5 \times 4}{2} = 10$$ Answer: d. 10 12. Current Actual Cost is the amount spent so far. Answer: a. 7000 13. Collaborative tools for project communication: - Asana - Telegram - Google docs Answer: a. Asana, c. Telegram, e. Google docs 14. Factor negatively impacting communication: Answer: d. Geographical location