Full Length PMP Simulation Test 4

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  • 1/100 Questions

    Which of the following is Deming's formula for continuous improvement?

    • Plan-Act-Check-Do
    • Plan-Do-Check-Act
    • Check-Plan-Do-Act
    • Plan-Check-Do-Act
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About This Quiz

Full Length PMP Simulation Test 4 assesses knowledge in project management processes, including TCPI calculations, Pareto diagrams, and integrated change control. It tests understanding of techniques like co-location and evaluates decision-making skills using expected monetary value.

Full Length PMP Simulation Test 4 - Quiz

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  • 2. 

    The Make-or-Buy analysis is a technique that is used as part of the Plan Procurements process. It is used to determine whether a particular product or service can be produced by the project team or should be purchased. The analysis to arrive at a decision should include:

    • Indirect costs only

    • Direct as well as Indirect costs

    • Direct costs only

    • Staffing costs only

    Correct Answer
    A. Direct as well as Indirect costs
    Explanation
    B - The analysis should include both indirect as well as direct costs.

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  • 3. 

    One of the project team members had a teleconference with a customer representative who was reviewing some of the deliverables and discussed some changes in the product requirements. Your project team member discusses the changes with you and feels that these are necessary for the project. You agree with the team member's view. As a project manager, you should ensure that:

    • Ask the project team member to go ahead with the changes.

    • The changes are documented and they follow the change management process to become an Approved Change request.

    • Summarize the changes and archive your discussion with the team member as a future record.

    • Ask the team member to ignore the changes.

    Correct Answer
    A. The changes are documented and they follow the change management process to become an Approved Change request.
    Explanation
    B - All changes should be formally documented in writing. Any verbally discussed but undocumented changes should not be processed or implemented

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  • 4. 

    The Executive VP of Finance has informed you that you will be the project manager for an energy audit the company is performing in order to save expenses. He has tasked you with identifying stakeholders and to start documenting the assumptions and constraints. Your project is in what process group?

    • Initiating

    • Planning

    • Monitoring & Controlling

    • Executing

    Correct Answer
    A. Initiating
    Explanation
    A - Identifying stakeholders, assumptions and constraints are all part of developing the project charter, which is an output of the Initiating Process Group.

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  • 5. 

    You are just starting on a project as project manager. The project sponsor indicates to you that she would like to have a monthly Project Status meeting to review the progress of the project. She would also like to receive weekly status updates by email. These requirements are documented in the:

    • Scope statement

    • Communications management plan

    • Project charter

    • Organizational plan

    Correct Answer
    A. Communications management plan
    Explanation
    B - As part of communication planning, stakeholder communication requirements are gathered and documented in the communications management plan. This forms a subsidiary of the project management plan.

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  • 6. 

    When managing a complex, cross functional project; which of the following structures will give the project manager the most authority?

    • Balanced matrix.

    • Strong matrix.

    • Functional.

    • Weak matrix.

    Correct Answer
    A. Strong matrix.
    Explanation
    Strong matrix organisations provide the project manager with a similar high level of authority to a projectized organisation and full time project administration staff.

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  • 7. 

    Which of the following is true concerning the work breakdown structure (WBS)?

    • The PMI WBS and PRINCE2 product breakdown structure (PBS) are effectively the same thing.

    • The WBS is the same as the organisational breakdown structure (OBS).

    • The WBS is a deliverable oriented, hierarchical decomposition of the work to be executed by the project team.

    • The WBS is the bill of materials (BoM) needed to accomplish the work of the project.

    Correct Answer
    A. The WBS is a deliverable oriented, hierarchical decomposition of the work to be executed by the project team.
    Explanation
    The difference between the PBS and the WBS is the PBS only contains the products to be delivered, the WBS contains all of the work needed to achieve the project’s objectives including all of the deliverables (not just the ‘product’). Non-product elements in the WBS include project management work, safety and hygiene work, etc.

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  • 8. 

    Megamart is estimating the cost of a new ERP system using the costs of an earlier ERP system project as the basis for the cost. This is what type of estimating?

    • Analogous

    • Resource-based

    • Judgment-based

    • SWAG

    Correct Answer
    A. Analogous
    Explanation
    A - Analogous cost estimating m means using the actual cost of previous, similar projects as the basis for estimating the cost of the current project. Analogous cost estimating is frequently used to estimate costs when there is a limited amount of detailed information about the project (e.g., in the early phases).

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  • 9. 

    The formula for Cost Variance is:          

    • CV=EV-AC

    • CV=AC-EV

    • CV=BAC-(AC-EV)

    • CV=SV-BC

    Correct Answer
    A. CV=EV-AC
    Explanation
    A - CV equals earned value (EV) minus actual cost (AC)

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  • 10. 

    FPIF is an acronym for:

    • Fixed Price Incentive Fee

    • Firm Price Incentive Free

    • Fixed Price Indicator Factor

    • Fast Performance Incentive Fee

    Correct Answer
    A. Fixed Price Incentive Fee
    Explanation
    FPIF is a form of contract where the seller can earn an incentive fee on top of its fixed price for the work if it achieves a specified objective such as a zero accident or defect rate or completion before a specified target date.

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  • 11. 

    Control Schedule is part of which Project Management process group?

    • Monitoring and controlling

    • Planning

    • Executing

    • Initiating

    Correct Answer
    A. Monitoring and controlling
    Explanation
    A - Control Schedule is part of the monitoring and controlling process group.

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  • 12. 

    You are working on a project where a negative risk has occurred. However, you have no contingency plan for this risk. You call a meeting and a solution is devised to change the workflow until a permanent solution can be implemented. This is an example of?

    • Work Item

    • Workaround

    • Work Package

    • Reserve plan

    Correct Answer
    A. Workaround
    Explanation
    B - Any time there is no contingency plan in place, but the risk must be addressed it is a workaround.

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  • 13. 

    All of the following are characteristics of a project, EXCEPT:

    • Has a definite beginning and end

    • Temporary

    • Progressively elaborated

    • Ongoing Effort

    Correct Answer
    A. Ongoing Effort
    Explanation
    D - Projects are not repeated on an ongoing basis (e.g. quarterly) these are classified as Operations.

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  • 14. 

    A project manager of a project that was contracted on a Time and Material basis finds that some of the tasks have been taking lesser time than planned. On average each team member has required only 30 hours to accomplish work which was planned for 40 hours during the week. The project manager should:

    • Report the accurate status to your manager and send a separate report stating that each team member was busy for 40 hours

    • Report this accurately on the status report and ensure that activities are re-planned as necessary, to keep the team completely occupied.

    • Report on the status report that each team member was busy for 40 hours, and use the time saved for other activities not related to the project.

    • Avoid mentioning these kinds of savings on status reports.

    Correct Answer
    A. Report this accurately on the status report and ensure that activities are re-planned as necessary, to keep the team completely occupied.
    Explanation
    B - You would need to report the status accurately to the customer even if it means losing some revenue.

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  • 15. 

    Projects are often started as a result of an external factor such as market demand for a new product, a new legislative or regulatory mandate, or a change in technology. This results in the creation of ______ by an entity or organization external to the project organization.

    • The project charter

    • The project scope

    • The project budget.

    • The project kickoff

    Correct Answer
    A. The project charter
    Explanation
    A - A project initiator or sponsor external to the project organization, at a level that is appropriate to funding the project, issues the project charter in response to some sort of stimulus.

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  • 16. 

    Lynn is the project manager of a project. She creates a structure similar to the Work Breakdown Structure (WBS). However, instead of being arranged according to the project deliverables, it is arranged according to the team's existing departments and units. The project activities / work packages are listed against each existing department. This would be called:

    • An Organizational Breakdown Structure (OBS)

    • A Department Breakdown Structure (DBS)

    • A Resource Breakdown Structure (RBS)

    • A Hierarchical Breakdown Structure (HBS)

    Correct Answer
    A. An Organizational Breakdown Structure (OBS)
    Explanation
    A - Organizational Breakdown Structure (OBS) is the correct answer. This is a useful way of listing project activities. An operational department such as Information Technology or purchasing can see all of its project responsibilities by looking at its portion of the OBS.

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  • 17. 

    The project charter has all of the following characteristics except:

    • Its primary use is to authorise the start of a project or phase.

    • It provides the project manager with authority to apply resources and expend money on project activities.

    • Its primary use is to request bids or proposals for the work it defines.

    • The project charter can be created by the person external to the project, responsible for the authorisation of the work, or that person can delegate the creation of the project charter to the project manager.

    Correct Answer
    A. Its primary use is to request bids or proposals for the work it defines.
    Explanation
    Statements of work (SOW) and other procurement documents are used to request bids or proposals. The work of creating the project charter can be delegated to the project manager; however, the charter should be signed by the person responsible for authorising the project.

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  • 18. 

    All of the following statements concerning the project scope statement are true except:

    • It is an output of the Verify Scope process.

    • It describes the project’s deliverables and the work needed to create them.

    • It may contain explicit scope exclusions that can assist in managing stakeholder expectations.

    • It provides a common understanding of the project’s scope among the project’s stakeholders.

    Correct Answer
    A. It is an output of the Verify Scope process.
    Explanation
    The project scope statement is an output from the Define Scope process. Clearly documenting work that is ‘out of scope’ helps everyone. A typical example is a project may be scoped to develop training
    materials for the product being developed, but not to conduct the training. A clear statement that ‘All training will be undertaken by others and is outside of the scope of this project’ prevents stakeholders expecting the project team will undertake the initial training or ‘train-the-trainer’ training. If these requirements are needed, they can be brought into the project’s scope through a change management process.

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  • 19. 

    Which of these statements is true?

    • The cost of correcting mistakes through an inspection is much lesser than the cost of preventing them.

    • The cost of preventing mistakes is generally much lesser than the cost of correcting them as revealed by inspection.

    • It does not matter where a defect is captured as long as the finished work product does not have a defect.

    • The cost of correcting mistakes through an inspection is more or less that same as the cost of preventing them since the same effort goes into both activities.

    Correct Answer
    A. The cost of preventing mistakes is generally much lesser than the cost of correcting them as revealed by inspection.
    Explanation
    B - This is one of the basic tenets of project and quality management. The cost of preventing mistakes is generally much lesser than the cost of correcting them as revealed by inspection.

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  • 20. 

    You have a schedule activity that can be delayed without delaying the early start date of any subsequent activities. This is an example of?

    • Free Float

    • Lead Float

    • Total Float

    • Lag Float

    Correct Answer
    A. Free Float
    Explanation
    A - The question given is the definition of free float.

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  • 21. 

    Your manager has provided you with a draft project charter and immediately asks you to provide an analysis of the risks on the project. Which of the following would BEST help this effort?

    • A conversation with a team member from a similar project that failed in the past.

    • Project Scope statement from the project planning process.

    • An article from PM Network Magazine

    • Resource plan from the project planning process

    Correct Answer
    A. A conversation with a team member from a similar project that failed in the past.
    Explanation
    A - Since you were handed a draft project charter the project is still in the initiation phase. Therefore, the only correct answer is talk to a team member from a similar project that failed.

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  • 22. 

    A project manager is managing a project where there are teams located in remote locations in order to obtain cost savings. This is in line with organizational guidelines which require that at least 25% of work should be done from a remote location. This is an example of:

    • A constraint

    • A necessity

    • A choice

    • An assumption

    Correct Answer
    A. A constraint
    Explanation
    A - This is an example of a constraint. Constraints are factors that can limit the project management team's options. An organizational mandate requiring that a certain part of the team operate from a different location to obtain cost savings is a constraint that the project management team needs to incorporate into their planning.

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  • 23. 

    You are working on an upgrade to a call distribution system for a call center, however you are finding it extremely difficult to get the proper resources assigned and tasks completed because the Call Center Manager is in control of the budget. You have just realized that you work in what type of an organization?

    • Balanced Matrix

    • Functional

    • Strong Matrix

    • Projectized

    Correct Answer
    A. Functional
    Explanation
    B - The functional manager, in this case, the Call Center Manager, controls the budget in Functional and Weak Matrix organizations.

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  • 24. 

    The cost of quality includes all of the following except:

    • Buying professional indemnity insurance.

    • The cost of defects and rework caused by failing to achieve requirements.

    • The cost of inspecting and appraising conforming products produced by the project.

    • Preventing non-conformance to requirements.

    Correct Answer
    A. Buying professional indemnity insurance.
    Explanation
    Buying insurance is a risk transference process (the risk is transferred to the insurer).
    The cost of quality (COQ) is the direct costs incurred in prevention, inspection and repairs.

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  • 25. 

    You are managing a fund raising golf tournament that has a hole-in-one contest. However, your company can't afford to pay the $1,000,000 if someone does get a hole in one, so they have elected to take out an insurance policy in the event that someone does get lucky. This is an example of?

    • Sharing

    • Mitigation

    • Transference

    • Avoidance

    Correct Answer
    A. Transference
    Explanation
    C - The use of insurance to shift the negative impact of a risk, in this case the payment of $1,000,000 is an example of transference.

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  • 26. 

    Which of the following is not a Project Time Management process?

    • Source Activities

    • Estimate Activity Resources

    • Define Activities

    • Sequence Activities

    Correct Answer
    A. Source Activities
    Explanation
    A - The Project Time Management processes include Define Activities, Sequence Activities, Estimate Activity resources, Estimate Activity durations, Develop Schedule, and Control Schedule.

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  • 27. 

    Which of the following processes deals with maintaining the integrity of baselines by releasing only approved changes for incorporation into the project management plan?

    • Perform Integrated Change Control

    • Direct and Manage Project Execution

    • Develop Project Management Plan

    • Monitor and Control Project Work

    Correct Answer
    A. Perform Integrated Change Control
    Explanation
    A - Maintaining the integrity of baselines is done in the Perform Integrated Change Control process. This process is conducted from project inception through project completion.

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  • 28. 

    A large construction project for a logistics company will require the expenditure of a large amount of capital. The finance group works with the project manager to project set limits when expenses will be incurred in a given project, and determine if there are ways to smooth out or levelize the spending to avoid a single large expenditure one quarter and none the next. This is an example of:

    • Levelized Billing

    • Funding Limit Reconciliation

    • A financial review

    • Rescheduling

    Correct Answer
    A. Funding Limit Reconciliation
    Explanation
    B - Large variations in the periodic expenditure of funds are usually undesirable for organizational operations. Therefore, the expenditure of funds is reconciled with the funding limits set by the customer or performing organization on the disbursement of funds for the project.

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  • 29. 

    Which calculation is correct for the To-Complete Performance Index (TCPI) based on the Estimate At Completion (EAC)?

    • AC + (BAC – EV)

    • (BAC - EV)/(BAC - AC)

    • BAC/CPIcum

    • (BAC - EV)/(EAC - AC)

    Correct Answer
    A. (BAC - EV)/(EAC - AC)
    Explanation
    TCPI is the projection of the future cost performance that must be achieved on the remaining work to achieve a management goal such as the original Budget At Completion (BAC) or a calculated Estimate
    At Completion (EAC)

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  • 30. 

    Analogous estimating when applied to a duration is:

    • Based on expert judgement and is consequently more accurate than standard critical path estimating.

    • Used when there is a limited amount of detailed information available.

    • A calculation based on a three point estimate using a modified BETA distribution.

    • The same as ‘bottom up’ estimating.

    Correct Answer
    A. Used when there is a limited amount of detailed information available.
    Explanation
    Analogous estimating uses the duration from a similar completed activity or project as the basis for the current estimate. This is a ‘top down’ estimating technique used when there is little detailed information available.

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  • 31. 

    There are a number of risks that have been identified in your project, however the team has elected not to change the project plan to deal with the risk, but they have established a contingency reserve of money in the event some of these risks are triggered. This is an example of what type of risk mitigation technique?

    • Contingent Response Strategy

    • Active acceptance

    • Passive acceptance

    • Avoidance

    Correct Answer
    A. Active acceptance
    Explanation
    B - Recognizing the risk and not changing the plan, but making some contingencies in the event the risk is triggered is an example of active acceptance. Passive acceptance would be if no contingencies were put in place and avoidance would be correct if the project plan were modified.

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  • 32. 

    A project manager determines that there are 15 communication channels in the project. The number of stakeholders in the project must then be:

    • 15 stakeholders

    • 6 stakeholders

    • 8 stakeholders

    • 105 stakeholders

    Correct Answer
    A. 6 stakeholders
    Explanation
    B - The correct answer is 6. The number of channels = n(n-1)/2 where n is the number of stakeholders. The answer cannot be 105 since the number of stakeholders will be less than the communication channels. The option 15 is eliminated since it is the same as the number of stake holders. Options remaining are 6 and 8. Calculating with 6 gives 6 X 5 / 2 = 15 and with 8 gives 8 X 7 /2 = 28. So the answer is 6.

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  • 33. 

    Indicating the need for catering services to be provided to consultants during the entire first month of a special event can be noted on the schedule with a _____________

    • Critical resources

    • Hammock Activity

    • Direct activity

    • Resource Identifier

    Correct Answer
    A. Hammock Activity
    Explanation
    B - A broader more comprehensive summary activity is sometimes referred to as a hammock activity, and extends over an entire segment of a project.

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  • 34. 

    Integrated Change Control includes all of the following tools and techniques except:

    • Project plan updates.

    • Expert judgement.

    • Change control meetings.

    • A change control board to approve or reject changes.

    Correct Answer
    A. Project plan updates.
    Explanation
    Integrated Change Control is a process that ensures all changes to a project are identified, documented, evaluated, approved or rejected, and incorporated into the project plan. It involves tools and techniques such as expert judgment, change control meetings, and a change control board. However, project plan updates are not considered a tool or technique of Integrated Change Control. Instead, project plan updates are an output of the Integrated Change Control process, as they reflect the approved changes and their impact on the project plan.

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  • 35. 

    You are a project manager for your company. Part of the project requires producing 10,000 widgets, which your company will outsource. The company has agreed to pay all related costs and 5% of the estimated project costs. What type of contract has been negotiated?

    • Time and Material contract

    • Cost-Plus-Fixed-Fee contract

    • Cost-Plus-Incentive-Fee contract

    • Fixed-price contract

    Correct Answer
    A. Cost-Plus-Fixed-Fee contract
    Explanation
    B - This is an example of a Cost-Plus- Fixed-Fee contract. This type of contract determines the profit element as a fixed percentage of the estimated project cost.

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  • 36. 

    Throughout various project meetings you have documented differences in opinion, situations to be investigated and emerging or unanticipated responsibilities. These are all inputs to what document?

    • RACI Chart

    • Issue Log

    • Risk Register

    • Project Performance Appraisals

    Correct Answer
    A. Issue Log
    Explanation
    B - These are all inputs to an issue log. The issue log is a written document and helps address obstacles that can prevent the team from achieving its goals.

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  • 37. 

    The following text is an example of ___________________. "WBS Element 2.3.1.8. - System Deployment Testing Planning - This element includes the effort to identify requirements for and methodology of testing systems to be deployed."

    • A resource breakdown structure

    • A scope baseline

    • A bill of materials

    • A WBS dictionary entry

    Correct Answer
    A. A WBS dictionary entry
    Explanation
    D - The WBS dictionary is a companion document to the WBS. The detailed content of the components contained in the WBS, including work packages and control accounts, can be described in the WBS dictionary.

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  • 38. 

    The Delphi technique has all of the following characteristics except:

    • It is a technique to reduce bias and prevent any one person from exerting undue influence.

    • It is a way to reach a consensus of experts.

    • It is an Oracle® database application used to optimise future outcomes.

    • Individual experts are unaware of who else is participating in the process.

    Correct Answer
    A. It is an Oracle® database application used to optimise future outcomes.
    Explanation
    The Delphi technique is a facilitated process to reach a consensus of experts using questions and feedback. Only the facilitator is aware of who is participating.

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  • 39. 

    You are negotiating a contract with a seller. You want to go in for a Fixed price type of contract. The seller uses a different terminology for the fixed price type of contract. He is most probably referring to it as a:

    • Cost-Plus-Fixed-Fee contract

    • A Time and material contract

    • Lump sum contract

    • Cost-Plus-Fee contract

    Correct Answer
    A. Lump sum contract
    Explanation
    C - A fixed price contract is synonymous with a lump sum contract. This type of contract involves a fixed total price or a lump sum for a well-defined product.

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  • 40. 

    Your company is way behind schedule in the deployment of a government mandated change to a health care processing system that must be in production by the end of the year. You and your team have met and decided to hire an additional 50 programmers to work with the existing staff on the activities in order to meet the due date. This is an example of what?

    • Resource Leveling

    • Fast Tracking

    • Crashing

    • Risk Transference

    Correct Answer
    A. Crashing
    Explanation
    C - Crashing is a specific type of project schedule compression technique performed by taking action to decrease the total project schedule duration. Typical approaches for crashing a schedule include reducing activity durations and increasing the assignment of resources.

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  • 41. 

    Breaking down project deliverables into smaller components is called:

    • Work breakdown structure

    • Deconstruction

    • Tasking

    • Decomposition

    Correct Answer
    A. Decomposition
    Explanation
    D - Decomposition is the subdivision of project deliverables into smaller more manageable components, until the work and deliverables are defined to the work package level.

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  • 42. 

    Calculation of late finish dates and late start dates for the uncompleted portion of the project is called____________.

    • A schedule network analysis

    • An arrow diagram

    • A backward pass

    • A forward pass

    Correct Answer
    A. A backward pass
    Explanation
    C - Calculation of late finish dates and late start dates for the uncompleted portion of the project is called a backward pass.

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  • 43. 

    You  are a consulting project manager and are reviewing the scope of your project and realize that several requirements are not measurable. However ,they are tied to milestone payments you will receive for work on this project.What is the best way to handle this?

    • A. Delete the requirements in question. if a requirement in not measurable, it is not valid

    • B. Notify project stakeholders that the requirements have not been elaborated adequately,and must be reviewed by the team?

    • C. Request a contract modification on the basis of invalid requirements.

    • D. Modify the text of the requirements yourself.If a requirement is not measurable ,it is not valid.

    Correct Answer
    A. B. Notify project stakeholders that the requirements have not been elaborated adequately,and must be reviewed by the team?
    Explanation
    B - Project stakeholders must be notified; not only must a requirement be measurable to be valid,it must also meet stakeholder satisfaction. Unilaterally modifying or deleting a requirement ,or requesting a contract change to remove ties to invalid requirements to ensure payment does not necessarily result in stakeholder satisfaction. In this case it also represents a possible conflict of interest between the project manager and the best interests of hiring company. The code of ethics requires practitioners to uphold standards of fairness, honesty, and to put the interests of the project ahead of those of the project manager. [Reference - PMBOK 4th Edition, page 111 & PMI Code of ethics and professional conduct,page 2-5] [Prof. Responsibility]

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  • 44. 

    All of the following processes form part of the Executing process group except:

    • Performing activities in accordance with the project management plan.

    • Managing changes to the deliverables.

    • Completing the work in accordance with the defined quality framework and specification.

    • Coordinating people and resources.

    Correct Answer
    A. Managing changes to the deliverables.
    Explanation
    Managing changes is part of Integrated Change Control; this is part of the Monitoring and Controlling process group.

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  • 45. 

    The code of accounts:

    • Is the system used to keep track of purchases and contracts.

    • Is any numbering system used to uniquely identify each component of the work breakdown structure.

    • Links the work breakdown structure to the schedule task identifier.

    • Is the alpha-numeric reference used in the organisations accounts system to identify cost centres.

    Correct Answer
    A. Is any numbering system used to uniquely identify each component of the work breakdown structure.
    Explanation
    The chart of accounts refers to the accounting system, the code of accounts to the WBS. Whilst these should be linked, they are not the same.

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  • 46. 

    All of the following people developed management theories focused on motivation except:

    • Maslow.

    • McGregor.

    • Hertzberg.

    • Deming.

    Correct Answer
    A. Deming.
    Explanation
    W. Edwards Deming is a quality guru.

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  • 47. 

    The customer requests a change to the project that would increase the project risk. Which of the following should you do before all others?

    • Talk to the customer about the impact of the change

    • Change the risk management plan

    • Include the expected monetary value of the risk in the new cost estimate

    • Analyze the impacts of the change with the team

    Correct Answer
    A. Analyze the impacts of the change with the team
    Explanation
    D - The first thing you should always do is assess the impact of the change with the team, then determine options and then go to management.

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  • 48. 

    All of the following are true concerning expected monetary value (EMV) except:

    • Decision tree analysis is more effective using net present values (NPV) in its calculations rather than EMV.

    • The EMV of an opportunity is generally a positive value.

    • EMV is a statistical concept that calculates the average value of a future scenario that may, or may not happen by multiplying the value of each possible outcome by the probability of it occurring and summing the products.

    • The EMV of a threat is generally a negative value.

    Correct Answer
    A. Decision tree analysis is more effective using net present values (NPV) in its calculations rather than EMV.
    Explanation
    EMV is calculated by EMV = probability * impact.
    If there are several different possibilities, the EMV is calculated for each option and the EMVs added together to give an overall, value.

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  • 49. 

    The Earned Value Management methodology can be used as a means to:

    • Forecast future performance based on past performance

    • Calculate the number of days left in the project

    • Calculate the value provided to the customer

    • Calculate the profitability of the project

    Correct Answer
    A. Forecast future performance based on past performance
    Explanation
    A - The Earned Value Management methodology can be used as a means to forecast future performance based on past performance.

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