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PMI Scheduling Professional PMI-SP Exam Questions
Question 1
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?
Answer : C
The schedule variance can be found by subtracting the planned value from the earned
value. In this instance, it is $2,025,000 minus
$2,250,000.
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option B is incorrect. This is the cost variance for the project.
Answer option A is incorrect. 10 percent is not a valid answer.
Answer option D is incorrect. This is not a valid variance for this question; variances are typically
negative numbers.
Question 2
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?
Answer : D
A schedule variance is found by subtracting the planned value from the earned value. A
-$37,500 schedule variance is considerable for most
projects, but combined with a schedule that is six percent off schedule is more serious. The size of
the project, however, and the defined
project budget, needs to be determined to evaluate how serious the variance is.
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option B is incorrect. This project is not performing well based on the given information.
Answer option A is incorrect. This project is likely to be late, but we do not know how costs are
performing in this question.
Answer option C is incorrect. There is not enough information to determine how well the project is
performing from this answer.
Question 3
Sam works as a project manager for BlueWell Inc. Which of the following processes will he use for selecting a scheduling method, scheduling tool, incorporating project specific data within that scheduling tool to develop a project specific schedule model, and generating project schedule?
Answer : C
The schedule development process is used for selecting a scheduling method,
scheduling tool, incorporating project specific data within that
scheduling tool to develop a project specific schedule model, and generating project schedule.
Schedule development is the process of
analyzing activity sequences, durations, resource requirements, and schedule constraints to create
the project schedule. Inserting the
activities, durations, and resources into the scheduling tool generates a schedule with planned dates
for completing the project activities. The
goal of the schedule development is to form the processes such that the stakeholders can use it in
the creation of the project. Schedule
development consists of two main sections:
ArticlesItemsReportsHelp
1.Input and Data: The starting point for any schedule is the input of information developed during
the planning process.
Define schedule scope
Breakdown structure relationships
Schedule specification
Feedback from stakeholders
Cost estimate model
2.Creating Schedule: This process provides basic knowledge in an outline structure for a study of the
means, methods, and tools
necessary for the project schedule development process.
Types of schedules
Activities
Durations
Relationships
Constraints and calendars
Cost and resource loading
Schedule quality analysis and compliance review
Schedule basis documentation
Answer option B is incorrect. Schedules maintenance is a method to account progress and to
forecast trends, progress, and completion.
Schedules are used to manage successful execution of projects. A schedule models the plan using
resources and execution strategy to gather
the project objectives. Periodic updates are undertaken to determine the actual progress achieved.
Information obtained in the updating
process, along with trend analysis and forecast of future progress, is reported to stakeholders. These
progress updates include schedule
maintenance to account for nominal changes to the execution plan. Depending upon the nature of
change, the schedule and assumptions
upon which the schedule was based significantly change. The schedule must be re-examined and
updated, as necessary, to develop a new
baseline for measuring further progress.
Schedule maintenance consists of the following elements:
Baseline Schedule
Tracking Schedule Progress
Cost and Resource Management
Schedule Change Management
Acceleration
Schedule Maintenance Feedback
Answer option D is incorrect. Perform Integrated Change Control is the process of reviewing all
change requests, approving changes, and
controlling changes to the deliverables and organizational process assets in a project. Perform
Integrated Change Control has to do with
influencing the things that cause change, determining that the change is required or has happened,
and managing the change.
Answer option A is incorrect. Constructability analysis is a process that starts in the initial planning
phases and persists all over the entire
planning cycle and into the implementation phase of the project. Constructability analysis during the
planning process examines the methods
and cost of installed equipment and materials, technology, site conditions, resources, and related
infrastructure.
The benefit of constructability analysis is to reduce both the time and cost of a project.
Constructability analysis is repeatedly performed
throughout the life-cycle of a project in order to optimize cost, plan, and schedule while mitigating
risk. It is a very important process that
needs to be performed early in planning to allow alternatives to be considered and integrated into
the design.
Question 4
George is the project manager of the NHQ Project and has a budget of $778,000. The project is scheduled to last for one year with an equal amount of work completed each quarter. The second quarter of the project has ended and George has spent $325,000 but has only finished forty percent of the project. Management needs a variance report for the project schedule. What value should George report in this instance?
Answer : B
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) - Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target. The earned value in this instance is forty percent of the project budget, $778,000, and the planned value is $398,000 because George is to be fifty percent done at the end of the second quarter, as the work is spread evenly across all quarters. The schedule variance is -$77,800 for the project. Answer option A is incorrect. .96 represents the cost performance index. Answer option C is incorrect. -$34,500 represents the project's variance at completion if the project continues as is. Answer option D is incorrect. -$13,800 is the cost variance for the project.
Question 5
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?
Answer : C
The project risks are documented in the risk register - including the probability and
impact information. The risk register is an output of the
Identify Risks process.
Risk register is a document that contains the results of the qualitative risk analysis, quantitative risk
analysis, and risk response planning.
Description, category, cause, probability of occurring, impact on objectives, proposed responses,
owner, and the current status of all identified
risks are put in the risk register.
Answer option A is incorrect. The risk management plan addresses that how risks will be identified,
monitored, and controlled.
Answer option D is incorrect. The activity attributes information is needed, but risks are not part of
the activity attributes.
Answer option B is incorrect. The schedule management plan addresses how the schedule will be
created, executed, and controlled.
Question 6
You are the project manager of the NHQ Project and are trying to determine which seller you should choose for the project. You have received proposals from six vendors and they are all very good proposal, qualified to complete the project work, and the prices are close to the same. You would like to create method of ranking each vendor based and assign a score value to several different categories. Because the project is a high-profile project, you have assigned 25 points to experience and 10 points for all of the other categories to judge the vendors. This is considered what type of source selection process?
Answer : D
This is an example of a weighting system as the values you're measuring are weighted towards
experience.
Answer option B is incorrect. A preferred vendors list describes the vendors you're allowed to
choose from in the organization.
Answer option A is incorrect. A screening system sets qualifiers in place, such as the vendor must
have a PMP on staff, in order to qualify for
the project.
Answer option C is incorrect. The benefits-cost analysis defines the total number of benefits to the
number of costs the project requires. .
Question 7
Joseph works as the project manager of the NHQ Project. He has created the project network diagram as shown in the figure:
Based on the network diagram, find out which path is the critical path for this project?
Answer : D
The critical path is the path with the longest duration to complete the project. It has no float and
shows the earliest completion date and the
latest completion date for the project. In this example, path ACFIJ takes 27 days and is the critical
path.
ACFIJ= A(4)+C(8)+F(4)+I(7)+J(4)= 27
A critical path is the sequence of project activities, which add up to the longest overall duration. This
determines the shortest time possible to
complete the project. Any delay of an activity on the critical path directly impacts the planned
project completion date (i.e. there is no float on
the critical path). A project can have several, parallel, near critical paths. An additional parallel path
through the network with the total
durations shorter than the critical path is called a sub-critical or non-critical path.
These results allow managers to prioritize activities for the effective management of project
completion, and to shorten the planned critical
path of a project by pruning critical path activities, by 'fast tracking' (i.e., performing more activities
in parallel), and/or by 'crashing the critical
path' (i.e., shortening the durations of critical path activities by adding resources).
Answer option A is incorrect. ABEHJ takes only 22 days to complete.
ABEHJ= A(4)+B(5)+E(2)+H(7)+J(4)= 22
Answer option C is incorrect. ABDHJ takes 21 days to complete.
ABDHJ= A(4)+B(5)+D(1)+H(7)+J(4)= 21
Answer option B is incorrect. ABDIJ takes 21 days to complete.
ABDIJ= A(4)+B(5)+D(1)+I(7)+J(4)= 21
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