Project selection criteria might include:
A. Benefit measurement methods
B. Constrained optimization analysis
C. NPV calculations
D. Potential market share or increased public perception
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You are the project manger for Xylophone Phonics. They produce children's software programs that teach basic reading and math skills. You're performing cost estimates for your project and don't have a lot of details yet. You will use which of the following techniques? A. Analogous estimating techniques, because this is a form of expert judgment that uses historical information from similar projects B. Bottom-up estimating techniques because this is a form of expert judgment that uses historical information from similar projects C. Monte Carlo Analysis, because this is a modeling technique that uses simulation to determine estimates D. Parametric modeling, because this is a form of simulation used to determine estimates
Your project sponsor has requested a cost estimate for the project. She would like the cost estimate to be as accurate as possible as this might be her one and only chance to secure the budget for this project due to recent cuts in special projects. You decide: A. To use analogous estimating techniques B. To use bottom-up estimating techniques C. To use top-down estimating techniques D. To use expert judgment techniques
Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques as it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques as it assumes reinvestment at the discount rate. C. Payback period is the least precise of the cash flow analysis techniques as it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.
Describe resource planning during the estimation of software project.
You work for a company that writes hilling software programs for the communication industry. You've just been assigned a new project. The customer is located in a distant country that limits the number of foreigners allowed into the country. You identify this risk in your risk management plan. The critical point during the project is installation and setup. You might do which of the following given these circumstances? A. Use a design of experiments technique to develop a contingency plan. B. Develop a cause-and-effect diagram that identifies the contract type you should use for a project like this. C. Use sensitivity analysis to assist you in developing the appropriate risk response for this situation. D. Develop a contingency plan for installation.
You are a project manager for Laurel's theater productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know all of the following are true regarding Cost Control except: A. Performance is monitored to detect variances B. Changes are reflected in the cost baseline C. Changes are monitored and reflected in the project scope D. Changes are monitored so that inappropriate changes do not get into the cost baseline
You are the project manager for a scheduled version release of your company’s software tracking product. You have linked the WBS and project scope definition and assigned roles and responsibilities. You might want to display the roles and responsibilities in which of the following? A. RDM B. PDM C. AOA D. RAM
You are a project manager for Dutch Harbor Consulting. Your latest project involved the upgrade of an organization's operating system on 236 servers. You performed this project under contract. You are in the Contract Closeout process and know that you should document: A. Lessons learned B. Performance measurements C. Formal acceptance D. Product verification
What is triple constraint triangle in project management?
Deliverables can be described as: A. The purpose for undertaking the project B. The verifiable results of products or services that must be produced to consider the project complete C. The specifications regarding the goals of the project that must be produced to consider the project complete D. The measurable outcomes of the project goals
Project managers spend what percentage of their prime communicating? A. 90 B. 85 C. 75 D. 50
You are going to take some performance measurements for your current project. You know that PV = 450, AC = 500, and EV = 375. What is the CV and SV respectively? A. CV = 125, and SV = 75 B. CV=-75, and SV=-125 C. CV = 75, and SV = 125 D. CV=-125, and SV=-75