1. Carol's project has just had several changes to its scope approved. What would most likely be her first step?
a. Update the issue log
b. Update the project charter
c. Update the scope baseline with the approved changes
d. Update the configuration management plan
2. The project team has completed a project which included many activities the organization has never performed before. Because of this inexperience, many activity estimates were too low and several unforeseen events caused minor schedule delays. Paige wants to be sure that other project teams can benefit from their experiences. Where should she document this organizational process asset?
a. Project management plan
b. Schedule model data
c. Lessons learned
d. Schedule model
3. Project D has a BAC of $175,000. At the end of month eight it was planned to be 45% complete. It's 50% completed, and $93,000 has been spent. What is this project's schedule variance?
a. $5,500
b. $8,750
c. ($5,500)
d. ($8,750)
4. Maureen is preparing a regular project performance report for the customer. This period's CPI is 0.91 while the project's cumulative CPI is 1.04. Which of the following statements should she include in the report?
a. For the period, project costs are exceeding the budget.
b. Overall, work on the project is behind schedule.
c. For the period, project costs are below what was budgeted.
d. Overall, work on the project is ahead of schedule.
5. Project P has a BAC of $115,000 and a CPI of 0.94; Project Q has a BAC of $150,000 and a CPI of 0.96; Project R has a BAC of $105,000 and a CPI of 0.93; and Project S has a BAC of $130,000 and a CPI of 0.97. Which of these projects will have the worst variance at completion?
a. Project Q
b. Project S
c. Project P
d. Project R