1. Rearranging resources so that a constant number of resources is used each month is called levelling

  1. Rearranging resources so that a constant number of resources is used each month is called levelling

Matchingeach value management term to the questions it answers

  1. How much work should have been accomplished thus far? EV

  2. How much money was spent thus far? AC

  3. How is the project performing relative to its cost baseline? CPI

  4. How is the project performing relative to its schedule baseline? SPI

  5. How much work was actually accomplished thus far? EAC

  6. What is the revised estimate of for the final cost at completion of the project? BAC

  7. From where we are today, how much money is need to complete the work? ETC

  8. How much money was originally budgeted? PV

Q3

Regulargathering of data on project performance, comparing actualperformance to planned performance and taking corrective actions ifactual performance is behind planned performance is monitoringand controlling

Q4

Suppliesneeded by a work package: Direct Costs

  • Project manager travel expenses: Direct Costs

  • Project team labor: Direct

  • Utilities e.g. Electricity: Direct

  • Maintenance and janitorial services: Indirect

  • Cafeteria: Indirect

Q5Difference between cost baseline and cost budget can be bestdescribed as ManagementReserve

Q6

Thechange control board, of which you are a member, approves asignificant scope change. The first document that the project managershould update would be the ScopeBaseline

Q7

Whenit comes to changes, the project manager’s attention is given topreventingunnecessary changes

Q8which of the following is a leadership model that has proveneffective when leading technology workers

Theleadership model that has proven effective when leading technologyworkers is CriticalChain Model

Q9

Leadinginexperienced people who are unwilling to work on the project isDirective

Q10:Five people in a meeting and are communicating with one another. Howmany two-way channels of communication are present: 10

Q11If the project’s budget at completion is $30,000 and the project is40% complete, then the earned value is $12,000

Q12.Matching each systems development lifecycle model to the descriptionthat BEST matches

Softwareus delivered to the customer is a duration of 6-9days: Interactive

Softwareis delivered to customer in a duration of 6-9months: Agile

Softwareis delivered to customer in a duration of 6-9weeks: Waterfall

13.Describe two organizational requirements (Gartner) in evaluating ITPPM Products deployed as dedicated instances (Onsite/offsite) ratherthan cloud based IT PPM services

Marketunderstanding:The provider must understand the needs of the buyer and translatethem into services and products. The providers showing high degree ofmarket understanding and vision with often understand and listen tothe needs of their buyers and can further shape the PPM vision usingtheir understanding of the market.

Innovation:This entails capability to develop seasonal products and enhanceagile and interactive process of product development. Innovations inprocess consulting are vital while social networking in PPM softwareis critical.