You are the project manager of the HQQ Project. Your project is running late by ten percent of
where you should be at this time. Management is concerned and they’d like to know what your
schedule variance is. Considering that the project has a BAC of $567,899, you are thirty percent
complete, and you have spent $179,450. What is the schedule variance for this project?

Which of the following characteristics of conflict and the conflict management process should be
recognized by the project managers while handling conflict in a team environment? Each correct
answer represents a complete solution. Choose all that apply.

What formula would you use if your project had a BAC of $450,000, you have spent $191,000, and
you are 40 percent complete though you are supposed to be 55 percent done and management
wants to know your project’s schedule performance index?

A company hires a scheduler for one of its projects. What skills should he possess to efficiently
work with the project team? Each correct answer represents a complete solution. Choose three.

Which of the following is NOT an output of the control schedule process?

You are the project manager of the NHQ project. This project is scheduled to last for six months
and will require $345,000 to complete. If the project completes earlier than scheduled, your
organization will receive a bonus of $5,000 per day for the early completion. Management has
asked you to develop an aggressive schedule to realize as much of the bonus as possible, but you
must be careful not to increase project risk beyond an acceptable level of risk exposure. Which of
the following approaches is most likely to increase project risk?

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
supposed 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 planned value?

You are the project manager for your organization. You want to record some details about the
work that the project team has to complete. You want to document the level of effort, where the
work is to be performed, and the person who will be responsible for completing the work. Which of
the following is the best place to document this information?

Steve is the project manager for the POK Project. He is working with the project customers to
determine how frequently they’d like to receive the project information. The customers would like
weekly status reports on how the project is performing. Where should Steve document this
information?

Jenny is the project manager for her organization. Her project is not doing well on project schedule
performance, and management wants her to predict how the project schedule and cost will end.
Management has asked Jenny to report and forecast her project’s performance based on the
Judgmental methods. Which of the following judgmental methods will Jenny use to accomplish the
task? Each correct answer represents a complete solution. Choose all that apply.