CPSM CSPM Time, Cost & Resource Management 2

Question 1

A project manager finds that the Schedule Performance Index (SPI) is 0.85. What does this indicate?

Accepted Answer

The project is progressing at 85% of the planned rate

Answer

The project is 15% under budget

Answer

The project has completed 85% of its scope

Answer

The project will finish 15% early

Question 2

Which resource leveling technique adjusts the project schedule to accommodate resource constraints without changing the project end date when possible?

Accepted Answer

Resource smoothing

Answer

Fast tracking

Answer

Crashing

Answer

Critical path compression

Question 3

In Earned Value Management, what formula calculates the Estimate to Complete (ETC) when current variances are expected to continue?

Accepted Answer

ETC = (BAC – EV) / CPI

Answer

ETC = BAC – EV

Answer

ETC = AC + BAC – EV

Answer

ETC = EAC – AC

Question 4

A project has a Total Float of zero on the critical path. If a critical task is delayed by 3 days, what is the impact on the project finish date?

Accepted Answer

The project finish date is delayed by 3 days

Answer

No impact because other tasks can absorb the delay

Answer

The project finish date is delayed by less than 3 days due to compression opportunities

Answer

The delay affects only the task's free float

Question 5

What is the primary purpose of a resource histogram in project management?

Accepted Answer

To display resource usage over time to identify over-allocation

Answer

To show task dependencies across the schedule

Answer

To track earned value against planned value

Answer

To map resources to WBS work packages

Question 6

A project manager is using three-point estimating with optimistic = 4 days, pessimistic = 16 days, and most likely = 7 days. What is the PERT estimate?

Accepted Answer

8 days

Answer

9 days

Answer

7.5 days

Answer

9.5 days

Question 7

Which cost estimation technique relies on statistical relationships between historical data and project variables?

Accepted Answer

Parametric estimating

Answer

Analogous estimating

Answer

Bottom-up estimating

Answer

Expert judgment