Fundamentals
This is a temporary endeavor undertaken to create a unique product, service, or result.
What is a Project?
Find the float of this activity:
ES=7
LS=11
EF=14
LF=18
4
What are you doing if you as the PM are; Conducting risk management planning, identification, analysis, response planning, and controlling risk on a project.
Risk Management
What is SWOT?
Strengths, Weaknesses, Opportunities, Threats Analysis.
If you are doing the following, what are you doing?
Interviews
Focus groups
Facilitated workshops
Group creativity techniques
Group decision-making techniques
Questionnaires and surveys
Observations
Prototypes
Benchmarking
Context diagrams
Document analysis
Collecting Requirements
Identify the 5 process groups
What is Initiating, Planning, Executing, Monitoring & Controlling, and Closing.
On a given project; earned value (EV) is $30,000; actual cost (AC) is $35,000; and planned value (PV) is $28,000. What is the schedule performance index (SPI)?
1.07
A mobile device manufacturer is halfway through prototyping a new product when the supplier who provides one of the raw materials used to manufacture their device casings declares bankruptcy and goes out of business. The team had not foreseen this problem during project planning.
Which of the following best describes a process that may not have been performed comprehensively in this scenario?
What Is Identify Risks?
What is VAC?
VAC= Variance at Competion
What is not the job of a PM?
- The wrenching
- Determining if a project is feasible
An organization decides to group several related software development projects. Managing them together provides benefits like shared resources and coordinated timelines, which wouldn’t be possible if they were handled individually. What is this coordinated group of projects called?
What is a program?
On a given project; earned value (EV) is $250,000; actual cost (AC) is $215,000; and planned value (PV) is $300,000. What is the schedule variance (SV)?
-$50,000
What kind of chart is commonly used for risk analysis?
Risk Matrix or Stoplight Diagram
What is EEF?
Enterprise environmental factors
Dennis has just been assigned to an Agile project due to his leadership abilities from previous projects. He is known to focus on his team's growth, learning, development, autonomy, and well-being. Which leadership style does this best represent?
What is Servant Leader
During a project, the client continuously requests new features that were not part of the original agreement, without allowing for changes to the timeline or budget.
What is Scope Creep?
What is the CPI of this project?
EV= 36,244.19
AC= 505,014.23
0.0718
Your communications plan lacks escalation paths. What risk does this create?
Miscommunication
What are OPAs?
Organizational Process Assets
Placing many or all of the most active project team members in the same physical location to enhance their ability to perform as a team.
What is Colocation
A team is building a new type of satellite where the technology is unprovem and requirements are expected to evolve as they learn more. Which project life cycle approach would be most appropriate.
What is adaptive?
You are on a project with the following stats, What is your VAC?
PV:$25,000
EV:$30,000
AC:$29,000
BAC:$100,000
$3288.20 OR $3333
During the execution of a project, a significant risk event occurs. The pre-approved risk response strategy is implemented, but it proves ineffective, causing a 2-day delay and overspending on the contingency budget. The risk is now closed. What should the project manager do first?
Update the risk register with details of the event and the failed response.
What is PERT?
Program evaluation and review technique
What is the formula used to find the number of communication channels needed for a project?
N(N+1)/2