GCP Project Planning & Execution 2

Question 1

A project manager notices that the critical path has shifted after a key deliverable slipped by three days. What is the FIRST action they should take?

Accepted Answer

Analyze the impact on the project end date

Answer

Analyzing the impact on the project end date allows the PM to understand the full scope of the schedule shift before taking corrective action.

Question 2

During project planning, a team identifies a risk with a 40% probability and a $50,000 impact. What is the risk's Expected Monetary Value (EMV)?

Accepted Answer

$20,000

Answer

EMV is calculated as probability × impact: 0.40 × $50,000 = $20,000.

Question 3

Which planning document defines the rules for how changes will be identified, documented, approved, and controlled throughout the project?

Accepted Answer

Change management plan

Answer

The change management plan establishes the processes and authorities for evaluating and approving project changes.

Question 4

A project has a Schedule Performance Index (SPI) of 0.85. What does this indicate?

Accepted Answer

The project is behind schedule

Answer

An SPI below 1.0 means the project is accomplishing less work than planned, indicating it is behind schedule.

Question 5

When decomposing a project into a Work Breakdown Structure (WBS), what is the lowest level of the WBS called?

Accepted Answer

Work package

Answer

The work package is the lowest level of the WBS and represents deliverables that can be scheduled, cost-estimated, and assigned.

GCP Test Practice Test

GCP Test Practice Test

GCP Project Planning & Execution 2