MEM Principles of Project Management 4

Question 1

A project manager calculates an Estimate at Completion (EAC) using the formula EAC = BAC / CPI. Under what assumption is this formula most appropriate?

Accepted Answer

Future cost performance will mirror the current CPI

Answer

EAC = BAC / CPI assumes current spending efficiency will continue throughout the remainder of the project.

Question 2

Which document formally authorizes a project and names the project manager, granting authority to apply organizational resources?

Accepted Answer

Project charter

Answer

The project charter is issued by a sponsor and officially authorizes the project and the project manager's role.

Question 3

A project manager uses a probability-impact matrix. Which risk quadrant demands the MOST immediate attention?

Accepted Answer

High probability, high impact

Answer

Risks with both high probability and high impact represent the greatest threat and require priority response planning.

Question 4

What is 'scope creep' in project management?

Accepted Answer

Uncontrolled expansion of project scope without proper approval

Answer

Scope creep occurs when new features or work are added to a project without following the change control process.

Question 5

In earned value management, what does a negative Schedule Variance (SV) indicate?

Accepted Answer

The project is behind schedule

Answer

SV = EV − PV; a negative result means less work has been completed (earned) than was planned at that point in time.

MEM - Master of Engineering Management Practice Test

MEM - Master of Engineering Management Practice Test

MEM Principles of Project Management 4