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What value should you tell management?

You are the project manager of the NHQ project. Your project has a budget of $1,258,456, and is
scheduled to last for three years. Your project is currently forty percent complete though it should
be forty-five percent complete. In order to reach this point of the project, you have spent $525,000.
Management needs a performance report regarding the NHQ project. Management is concerned
that this project will be over budget upon completion. Management would like to create a report
telling them how much more the project will need to complete. What value should you tell

management?

What is your schedule variance for this project?

You are the project manager of the NHA Project. This project is expected to last one year with
quarterly milestones throughout the year. Your project is supposed to be at the third milestone
today, but you are likely to be only 60 percent complete. Your project has a BAC of $745,000 and
you have spent $440,000 of the budget-to-date. What is your schedule variance for this project?

What is the latest day Activity I can finish without affecting the project end date?

Jeff is the project manager of the GHY Project for his organization. He has created the project
network diagram as shown in the figure:

Management is reviewing the network diagram, and they are concerned about the latest date that
Activity I can finish. What is the latest day Activity I can finish without affecting the project end
date?

Where should you document the risk information concerning the activities in your project schedule?

You are the project manager for your organization. You have recently noted some risks associated
with some of the activities in your project. These risks can have schedule and costs impacts on
your project and you need to address the risks through qualitative and quantitative analysis to
confirm the depth of possible impact. Where should you document the risk information concerning
the activities in your project schedule?


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