1. List and describe four methods of project estimation.
What variables factor into the selection technique?
2. Describe the terms “Project Scheduling” and “Project Planning”. State how each is used and what benefit a Project Manager may reap from each.
3. Project X has a cost performance index of 1.1 and schedule performance index is 0.8.
The planned value is $500,000 and the schedule variance is -$1,000.
What is Project X’s numerical value of the cost variance?
Is this favorable or unfavorable? What does this value mean?
4. Define the term “Critical Path”.
List two methods Project Managers can use to decrease the project critical path.
5. Define the term “Critical Path”.
List two methods Project Managers can use to decrease the project critical path.
6. Define the term “Constraint”. List the three primary types, and cite three methods to overcome those constraints.
7. Project Z is estimated to cost $100,000 to be executed linearly across a timeline of 100 days.
After 75 days, the Project Manager finds that 50% of the project is complete and actual costs are $100,000.
What is the (numerical value) Cost Performance Index (CPI) of the project at day 75?
Is the answer favorable? Why or why not?
8. Describe the content and value of the work breakdown structure.
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