PMI-SP PMI Scheduling Professional Exam Practice Test

Answer : D

According to the question, you have to use the estimating technique that has a higher

degree of accuracy. The most accurate estimating

technique is bottom-up estimating.

What is bottom-up estimating?

Bottom-up is a cost estimating technique that involves estimating the cost of individual work

packages or schedule

activities with the lowest level of detail. The detailed cost is rolled up (or summarized) to higher

levels for total project

estimates. This summarized data is very useful for reporting and tracking purposes. Bottom-up

estimating provides a

higher degree of accuracy, provided the estimates at the work package level are accurate.

Answer options C, A, and B are incorrect. Parametric modeling and analogous estimating techniques

use top-down estimation model. These

are less accurate than the bottom-up estimation.

What is analogous estimating?

Analogous is an estimating technique that uses the values of parameter, such as scope, cost, budget,

and duration or

measures of scale such as size, weight, and complexity from a previous, similar activity as the basis

for estimation of the

same parameter for a future activity. It is a top-down estimating technique and is a form of expert

judgment. It provides a

lower degree of accuracy than other estimating techniques. This technique is primarily used when

there is a limited amount

of detailed information about the project or program.

What is parametric modeling?

Parametric modeling is an estimating technique that uses parameters, or project characteristics, to

forecast project costs.

It involves a top-down approach and is similar but more accurate than analogous estimating. It uses

historical data and

other variables to calculate an estimate for activity parameters, such as scope, cost, budget, and

duration.

Answer : C

A schedule baseline provides a method to track project progress during project

execution against what was planned.

What is schedule baseline?

Schedule baseline is a project schedule used in measuring project progress. It helps provide a

comparison with the actual

progress of work against the schedule and to determine if performance to date is within acceptable

parameters. Any

change caused by change in scope of the project invalidates the original schedule and requires a new

baseline schedule.

Answer options D, A, and B are incorrect. A detailed project budget, team members profile, and

benefit-cost ratio will not help you track

project progress.

What is BCR?

A benefit-cost ratio (BCR) is an indicator, used in the formal discipline of cost-benefit analysis, that

attempts to summarize

the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or

proposal, expressed in

monetary terms, relative to its costs, also expressed in monetary terms. All benefits and costs should

be expressed in

discounted present values. For e.g., a BCR of $3.8 indicates a payback of $3.8 for each dollar

expended.

Answer : C

The project termination request is not an output of the control schedule. Early

termination of a project is a closing process and usually does

not stem from the project manager.

The outputs of the control schedule process are as follows:

Work Performance Measurements: The work packages and control accounts are documented and

communicated to the stakeholders.

Organizational Process Assets Updates: The assets that are updated are: corrective actions chosen

and the reasons, causes of

variance, and other types of lessons learned from project schedule control.

Change Requests: It is processed for reviews and disposition through the Perform Integrated Change

Control process.

Project Management Plan Updates: The elements that need to be updated are: schedule baseline,

schedule management plan, cost

baseline.

Project Document Updates: The elements that need to be updated in project document updates are:

schedule data and project

schedule.

Answer : A, B, D

A scheduler schedules the constraints for the project into phases with respect to the

time and resources available. He can be hired from

outside a company, or from within a company. The basic roles of a scheduler are as follows:

Feasibility Planning: A scheduler is the time management expert who paints a picture of the project.

He develops a strategy for

delivery and to gain consensus.

Execution Schedule: A scheduler works with the project team to optimize and refine the schedule

until an agreed schedule has been

developed.

Performance Control: A schedule is maintained by the scheduler who optimizes outcomes and

instructs the project team on their

presentation. It is important that the scheduler be aware of the changes and trends related to the

project delivery.

Answer option C is incorrect. This is the skill possessed by the project manager.

Answer : A

The activity resource requirements will need to be addressed because the imposed

constraint will cause a need for more resource to complete

the activities by July 2.

What is resource leveling heuristics?

Resource leveling heuristics is a prioritization method that allocates inadequate resources to critical

path activities first. It is

a schedule network analysis technique useful to a schedule that has already been analyzed by the

critical path method. It

is used when shared or critical essential resources are only available at certain times, in limited

quantities, or to keep

resource usage at a constant level. It is a technique that resolves resource conflicts by delaying tasks

within their slack

allowances. Resource leveling is the process in which project teams come across problems when

developing their project

schedules. If a company has multiple projects running simultaneously that require the same

resources, then problems can

arise. It can often cause the critical path method to change.

Answer option C is incorrect. The project scope does not need to be addressed as there has not been

a request to reduce or increase the

project scope.

Answer option B is incorrect. The project charter will not change. In fact, the charter will rarely, if

ever, change once has been approved and

signed.

Answer option D is incorrect. The schedule management plan would not be the biggest concern in

this instance. The plan defines how the

schedule will be created, executed, monitored and controlled.

Answer : B

The limit on each work is an organizational policy for each project. Policies, rules, and

organizational requirements are the enterprise

environmental factors.

Answer option D is incorrect. Organizational process assets are things that have been created for the

project manager, such as software,

templates, guidelines, and other resources that will assist the project manager in completing the

project.

Answer option C is incorrect. While this could be a resource limitation, it is not a valid project

management term. Resource leveling heuristics

or a project constraint would have been acceptable answers.

Answer option A is incorrect. Expert judgment happens, when the project manager relies on

someone with more knowledge on a topic to help

the project manager make the best project decision.

Answer : D

A schedule variance is found by subtracting the planned value from the earned value. A

-$37,500 schedule variance is considerable for most

projects, but combined with a schedule that is six percent off schedule is more serious. The size of

the project, however, and the defined

project budget, needs to be determined to evaluate how serious the variance is.

Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that

the schedule is ahead or behind what

was planned for this period in time. The schedule variance is calculated based on the following

formula:

SV = Earned Value (EV) - Planned Value (PV)

If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater

than 0 shows that the project is ahead of

the planned schedule. A value of 0 indicates that the project is right on target.

Answer option B is incorrect. This project is not performing well based on the given information.

Answer option A is incorrect. This project is likely to be late, but we do not know how costs are

performing in this question.

Answer option C is incorrect. There is not enough information to determine how well the project is

performing from this answer.