1.
Your sponsor would like to know how long it takes to build the prototype on your project. He tells you that a similar project last year produced a prototype in 28 days. Your engineer tells you that the design of the prototype will take anywhere from 25 to 45 days and based on the design changes he thinks it will probably be close to about 32 days. What is the weighted average of the numbers that you have received?
2.
The activity “Ship Container” in your network diagram has an early start of day 17, a late start of day 22 and a late finish of day 37. What is the activity duration?
3.
Your project has a CV of -200. This means:
A.
Your project is under budget
B.
Your SPI is also negative
C.
Your project is above budget
D.
CV cannot be negative and there must be an error in the calculation
4.
After the last project meeting your sponsor has asked you to give her a new estimate of the cost at the end of the project. This is because during the meeting it was found that so much has gone wrong until now, that the numbers are probably off. It is expected, that from now on things will progress normally. You gather all the necessary numbers from your PMIS. Which formula will you use to create the expected total cost of the project?
5.
Your project is budgeted at £500,000 with a schedule duration of 8 months. You are currently at the end of month 4 and you know that you are £20,000 ahead of schedule. Your estimated earned value is £350,000. How much of the project budget is complete?
6.
You are the project manager of the Sterling project. The goal is to explore 2 possible new products for your company. Over €150,000 have been spent on this exploratory project. Market studies with focus groups show that there is a need for both products. However, your sponsor is worried that you are only 60% finished and that the current ETC tells you that another €175,000 is required to finish. What should you do?
A.
Stop the project because you are over budget
B.
Ignore the sunk cost in the decision making process
C.
The SPI is positive, therefore we can continue
D.
Defer the decision to the project control board
7.
PV = 100, EV = 105, BAC = 400, AC = 102, CV = 3, EAC = 390. How much is the VAC?
8.
PV = 100, EV = 105, BAC = 400, AC = 102, CV = 3, ETC = 300. How much is the EAC if the variances from the BAC are expected to continue at the same rate?
9.
You are planning a speed networking event. The idea is to bring 50 top executives from local companies who don’t know each other together into one room and give them 3 minutes to talk with each other and then move on to the next person in the room. At the end of the event each attendee will have spoken to each of the other attendees. Speed networking begins at 5pm. When will it end?
10.
PV = 100, EV = 105, BAC = 400, AC = 102, CV = 3, ETC = 300, EAC = 407. The ETC is given as 300. However, how much would the Estimate to Complete be if we assume that current variances are thought to be atypical?
11.
PV = 100, EV = 105, BAC = 400, AC = 102, CV = 3, ETC = 300, EAC = 407. How much is the Actual Cost?
12.
Inspection shows that roughly 72% of your products are produced defect free. What sigma level is this?
13.
You are the project manager of the Gutenberg project. One major activity in this project is the purchase of a printing press at a cost of CHF 2,500,000. The printing press has an expected life of 25 years but it will only be used for the project for 5 of these. Using straight line depreciation, what is the value of the printing press at the end of its usage for the project?
14.
You have received the following values from your statistical sampling:
80, 83, 85, 90, 82, 88, 90, 91, 94, 79. What is the mean of this number set?
15.
Your company is holding their annual employee get together. This year 123 employees have attended. Let’s assume that each employee had a brief conversation with each of the other employees. How many conversations took place?
16.
Your project has an SPI of 1.1 and a CPI of 0.9. What does this mean?
A.
We are over budget and ahead of schedule
B.
We are ahead of schedule but under budget
C.
We are over budget and behind schedule
D.
We are behind schedule and under budget
17.
Your friend Joe is planning to retire 20 years from today. He is investing $200,000 in a long-term investment at 3.5%. How much will this money be worth in 20 years?
18.
Your customer is asking you for a preliminary estimate. Your numbers show that the project will most likely cost DKK 100,000. What number will you give to your customer?
19.
Your company owns an asset with an original value of $1,000. This asset will be depreciated using the double declining balance method over the period of 5 years. What is the dollar value of the annual depreciation in year 2?
20.
The activity “Pack Container” in your network diagram has an early start of day 12, a late start of day 15, a duration of 3 and a late finish of day 17. What is the total float of this activity?
21.
Using the Benefit Cost Ratio, which of the following projects do you select?
A.
Project Gold with a BCR of 0.9
B.
Project Silver with a CBR of 0.9 and cost of $100,000
C.
Project Diamond with a cost of $100,000 and benefits of $110,000
D.
Project Platinum with a BCR of 1.2
22.
Your company owns an asset with an original value of $1,000. This asset will be depreciated using the double declining balance method over the period of 5 years. What is the percentage of the annual depreciation in year 2?
23.
Your 8-person team is getting support from 2 external consultants. How many communication channels are added by hiring these consultants?
24.
Your company owns an asset with an original value of $5,000. This asset will be depreciated using the Sum-of-Years' Digits Method over the period of 5 years. What is the depreciation rate in year 2?
25.
Your designer has given his resignation. This means that you will be losing him and your team size (including yourself) will go from 12 to 11 people. How many fewer communication channels do you personally have on your project?