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NEW QUESTION: 1
You work as a Project Manager for Tech Perfect Inc. Several projects are running under your supervision. Martha, the team leader of a project, provides you performance indexes of her project. The cost variance
(CV)
of her project is -20. What does this figure depict?
A. Costs are lower than planned.
B. Costs are higher than planned.
C. The project is behind schedule.
D. Spending is right on target.
Answer: B
Explanation:
According to the question, the cost variance of the project is -20, which is a negative figure. The negative
CV depicts that the costs are higher than planned.
What is CV?
Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher
than budgeted or lower than budgeted. The cost variance is calculated based on the following formula:
CV = Earned Value (EV) - Actual Cost (AC)
A positive value means that spending is less than budgeted, whereas a negative value indicates that costs
are higher than originally planned for the project. Answer option C is incorrect. This result is drawn when the
CV value is positive. Answer option B is incorrect. If the CV is zero, it shows that spending is right on target.
Answer option A is incorrect. This result is depicted by viewing the schedule variance (SV), not the CV.
What is SV?
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.
NEW QUESTION: 2
Project Scenario
Calendar Project (Note: The companies and people within the scenario are fictional.)
There has been a reduction in fie number of orders at the MNO Manufacturing Company due in part to the increased marketing activities of its competitors. To help counter this, the company has decided to create a promotional calendar for next year for all its current and prospective customers. The end product of this project will be a prepared calendar pack, ready for printing. The design of the calendar will be similar to one sent out previously, and must reflect the company image as described in the existing corporate branding standards. Another project is currently producing a new company logo when is to be printed on each page of the promotional calendar. The prepared calendar pack will consist of:
- Design for each month - correctly showing at public holidays and new company logo - Selected photographs- 12 professionally-produced photographs, showing different members of staff
Selected paper and selected envelope - for printing and mailing the calendar Chosen label design - a competition to design a label will be held as part of this project List of customers - names and addresses of customers to whom the calendar will be sent.
-- -
The project is currently in initiation and will have two further stages:
Stage 2 will include tie activities to: Create the customer fast using information from the Accounts and Marketing departments
-
---- --
Confirm compliance with the Data Protection Legislation Create a design for each month - this will be done by the internal creative team Select and appoint a professional photographer Gather photograph design ideas from previous project and agree photographic session schedule Prepare a production cost forecast Select paper and envelope.
Stage 3 will include the activities to:
---
Produce and select tie professionally-taken photographs Hold the label design competition and choose the label design Assemble the prepared calendar pack.
A production cost forecast, based on the options and costs for the paper, envelope, printing and marketing of the calendar is to be produced in stage 2. However, the actual production and distribution of the calendars is not within the scope of the project. The product cost forecast will be reviewed by the Project Board to determine whether tie project should continue.
It is now 05 October and the prepared calendar pack must be delivered to the print company by 30 November, to enable printing and distribution of the calendar in time for Christmas. The cost of the activities to develop the specialist products and the cost of the project management activities are estimated to be (GBP)20,000. There is a project time tolerance of +1 week /-2 weeks and a project cost tolerance of +(GBP)6,000 / -(GBP)6,000. A change budget of (GBP)500 has been allocated but there is no risk budget.
As the project approaches the end of stage 2, the Project Manager has requested a Product Status Account to ensure that all products are at their expected point of development. Although the list of customers has been quality reviewed, it has not been baselined because the Marketing department have not provided all of the prospective customers' details. What initial action should the Project Manager take?
A. Raise an Exception Report to the Project Board to highlight the issue.
B. Check the target sign-off date for the list of customers.
C. Delay producing the End Stage Report until the list of customers has been baselined.
D. Update the product status to baselined and obtain a commitment from the Marketing department to finish this work within the next few days.
Answer: B
NEW QUESTION: 3
응용 프로그램 개발에서 소프트웨어 보증의 목표는
A. 오픈 소스 응용 프로그램 개발을 장려합니다.
B. TCB (Trusted Computing Base) 시스템 작성을 용이하게 합니다.
C. 취약한 응용 프로그램 생성을 방지합니다.
D. 고 가용성 (HA) 시스템 개발을 가능하게 합니다.
Answer: C
NEW QUESTION: 4
Which can an IT department do to better meet IT challenges and support digital businesses?
A. Become more technology centric
B. Become more service centric within cost constraints
C. Focus on providing services without being distracted by costs
D. Focus on delivery and management of digital assets
Answer: A