CRE Project Planning and Management 3

Question 1

A reliability project team uses a RACI chart. What does the 'A' in RACI stand for?

Accepted Answer

Accountable

Answer

In a RACI matrix, 'Accountable' identifies the single person who owns the deliverable and must approve work before it is accepted.

Question 2

Which project management process group involves defining the scope, developing schedules, and estimating costs?

Accepted Answer

Planning

Answer

The Planning process group is where detailed scope, schedule, cost, quality, and risk plans are developed to guide project execution.

Question 3

In reliability project management, what is the purpose of a lessons-learned register?

Accepted Answer

Capture knowledge from current project to improve future projects

Answer

A lessons-learned register records what worked and what did not so that future projects can benefit from accumulated organizational knowledge.

Question 4

A project has a budget at completion (BAC) of $500,000 and a cost performance index (CPI) of 0.80. What is the estimate at completion (EAC) using the CPI-based formula?

Accepted Answer

$625,000

Answer

EAC = BAC / CPI = $500,000 / 0.80 = $625,000, indicating the project will cost more than originally planned.

Question 5

Which stakeholder engagement strategy involves actively involving stakeholders in project decisions throughout the project lifecycle?

Accepted Answer

Collaborate

Answer

Stakeholders classified as requiring 'Collaborate' engagement are kept actively involved in decision-making to leverage their influence and gain their commitment.

(CRE) Certified Reliability Engineer Practice Test

(CRE) Certified Reliability Engineer Practice Test

CRE Project Planning and Management 3