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?

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?

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?

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?

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?