You work as a Project Manager for Media Perfect Inc. Several projects are running under your
supervision. Rick, team leader of a project, provides you performance indexes of his project. The
schedule variance (SV) of his project is 25. What does this figure depict?

You are the project manager for the NQQ Project for your organization. You and the project team
are creating the activity list for the NQQ Project. You have instructed the project team members
that they should include an activity identifier and a scope of work description for each activity in the
activity list. Why is this information needed?

Harry is the project manager of a large network installation project. This project requires Harry to
add network cable to each office and cubicle of a 14-story office building. Harry will receive a
bonus for good time and cost performance in this project. What law of economics would prevent
Harry from exponentially adding labor to the project work in an effort to complete the work in a
very small amount of time?

You are the project manager for your organization. You are coaching Allen, a junior project
manager, on how the details of the project’s critical path are calculated. Examine the figure given
below:

What is the critical path of this project?

You work as a stakeholder for ABC Inc. You are on an important feature of a project that appears
too difficult to execute. Issues like acceptable type of bugs and number of bugs for user
acceptance seem to have affected the project. What is the rate of risk factor in such a situation?