You are the project manager of the GHY Project. This project is scheduled to last for one year and
has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are
up posed to be at your second milestone which accounts for half of the project completion. There
have been some errors in the project which has caused you to spend $2,073,654. What is this
project’s schedule variance?

You are the project manager for your organization. Your current project has a schedule variance of
-$37,500 and a schedule performance index of 0.94. What do these values mean in regard to
project performance?

You are the project manager for the NHQ project. The management has reminded you that you
must not allocate any project team member for more than 25 hours per work week on your project.
This policy is because your organization is in a weak matrix and the project team members are on
several projects at once within the organization. The 25-hour limit per resource is an example of
which one of the following?

You are the project manager of the HGH Project. Thomas, your project sponsor, asked you to
submit status reports every week, but now he wants you to submit the status reports every other
week. What project management plan would you need to update to reflect this change from
Thomas?

Andy is the project manager of the NHGQ project for his organization. He has elected to use a
three-point estimate for his project. His project team, however, is complaining about participating
in this estimate type because of the time it takes to predict the duration of activities. Andy, as the
project manager, tells the project team that they must create the time estimate, as it will help this
project and future similar projects. What is a three-point estimate?