Sample PMP Question: November 2015
If your expected value is 110 and the standard deviation is 12, which of the following is true? A. There is approximately a 99% chance of […]
Definitions
Sample PMP Question: October 2015
Phillip is a project manager in a manufacturing industry. He has just been assigned to a project that has been in progress for three months. […]
Sample PMP Question: September 2015
In the projects final closure phase, which of the following should be done first? a. Measure customer satisfaction as a key performance indicator of project’s […]
Sample PMP Question: August 2015
Which of the following is not a common format for reporting performance? a. Bar Charts b. Resource Activity Matrix c. S-Curves d. Tabular Reports B. […]
Sample PMP Question: July 2015
A housing construction project requires that governmental environmental hearings be held prior to site preparation. From a project management prospective, this is an example of? […]
Cost Variance
What is Cost Variance (CV)? Cost Variance is the difference between the amount budgeted and the amount actually spent for the work performed on a […]
Sample PMP Question: June 2015 4 comments
What is Cost Variance? A) the difference between the amount budgeted and the amount actually spent for the work performed B) the varying cost of […]
Schedule Performance Index
What is the Schedule Performance Index (SPI)? The Schedule Performance index (or SPI) is the ratio of the budget for the work performed to the […]
Estimating Activity Durations
What is an estimate of activity duration? An activity duration estimate is an evaluation of how long will be needed to actually perform an activity. […]
Products in Projects 1 comment
What is a “product” in a project? Basic rule of thumb: a product is something tangible (hold, touch & feel). Software and electronic documents are […]