PMP Quiz 18 December 2018

There are two projects for the organization to choose between: Project A with an NPV of US $45,000 and Project B with an NPV of US $85,000. What is the opportunity cost of selecting project B?

PMP Quiz 17 December 2018

You have a project with the following activities: Activity 1 can start immediately and has an estimated duration of 4. Activity 2 can start after activity 1 is completed and has an estimated duration of 8. Activity 3 can start after activity 2 is completed and has an estimated duration of 5. Activity 4 can start after activity 1 is completed and has an estimated duration of 8. Activity 5 has an estimated duration of 3 and must take place concurrently with activity 3. It can start after activities 4 and 2. What is the duration of the critical path of this project?

PMP Quiz 14 December 2018

A project has a payback period of nine months. What does this mean?

PMP Quiz 13 December 2018

You are assigned to a project that senior management has already decided to outsource. As a project manager, you need to work with the contracts department to select the seller and then oversee the seller through project completion. Company policy requires a project of this size to go through a formal procurement process. A vice president in your company tells you his friend owns one of the companies that might submit a proposal and the company would be an excellent choice as a seller. This vice president has a reputation for making or breaking careers. What is generally the best course of action?

PMP Quiz 12 December 2018

You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six-week period. As of today, you've spent US $22,000 of your budget to complete work that you originally expected would cost US $24,000. According to your schedule, you should have spent US $30,000 by this point. Based on these circumstances, your project could be best described as:

PMP Quiz 11 December 2018

All of the following are parts of the Close Project or Phase process except:

PMP Quiz 10 December 2018

The project manager of a highly visible project is new to project management. He has carefully followed the steps to create a project management plan. During a status meeting, two of the team members argue over what needs to happen next. Whose responsibility is it to correct the problem?

PMP Quiz 7 December 2018

Team members are investigating quality standards that other companies are using, in order to help determine what quality standards to use on the project. What part of quality management is the team involved in?

PMP Quiz 6 December 2018

All of the following are parts of the scope baseline except the:

PMP Quiz 5 December 2018

When is the earliest time administrative closure should be completed?