Nancy is the project manager of a project with 78 stakeholders. This is a high-profile project and she needs to express to her project team and to the management the importance of communication in this project. She would like to show the number of stakeholder communication channels in the project. Based on this information how many communication channels exist within this project?
Communication channels are paths of communication with stakeholders in a project. The number of
communication channels shows the complexity of a project's communication and can be derived
through the formula shown below:
Total Number of Communication Channels = n (n-1)/2
where, n is the number of stakeholders. Hence, a project having five stakeholders will have ten
communication channels. Putting the number
of stakeholders in the formula we can get the required communication channel for the project. It is
(78 x 77)/2 for 3,003 communication
channels.
Answer options A, B, and D are incorrect. These numbers do not reflect the accurate number of
communication channels in the project.
You are the project manager of the NHQ Project. Management has set a conformance to the project schedule for your project at 0.95. What does this term mean?
Conformance to schedule is a required adherence for the project's schedule. In this instance, the project manager must not allow the schedule to slip more than five percent. Answer option B is incorrect. This is the description of the schedule performance index. Answer option D is incorrect. This is the description of the cost performance index. Answer option C is incorrect. This is not a valid statement about the project performance.
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?
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.
You are the project manager for your organization. You are discussing an upcoming project with management and they would like you to begin decomposing the project work packages into activities as soon as possible. You have explained to the management that you would like to involve your roject team before the decomposition of the work packages begins. Why would you want your project team to involve in this activity?
Involving the project team is needed as part of the work package decomposition to get
better and more accurate results. The project team
comprises the people completing the work and often the experts that can direct the discussion and
decomposition efforts.
The decomposition technique is used to further divide all project deliverables into smaller
component activities. Activities correspond to the
effort required to complete a work package. Each and every work package in the WBS is
decomposed into the activities needed to create the
work package deliverables. Involving team members in the decomposition technique results in
better and more precise outcomes.
Answer option B is incorrect. While the team may help the activity decomposition go faster, this is
not the best choice for this question.
Answer option A is incorrect. Through the decomposition process, the project manager will learn
about the project work, but this is not the
primary reason to involve the project team.
Answer option D is incorrect. It is possible to create assignments while completing the activity list,
but usually all of the activities are defined
and sequenced, and then resources are assigned to manage availability and utilization.
Ned is the project manager of the HYQ Project. In Ned's project, the management has requested that he enforce resource leveling so that the maximum amount of hours in the project per worker will not exceed 25 hours per week. Ned's pay is based on how quickly he can complete the project work. What must Ned do to accommodate the change in the resource allotment if he has to finish the project on time?
The change in the amount of labor Ned is allowed to use will cause his project schedule to increase
thereby affecting the project end date.
Crashing the project will allow Ned to add more resources while still keeping each resource to a
maximum of 25 hours per week.
Answer option D is incorrect. Ned likely does not have control over descoping decisions.
Answer option C is incorrect. Reducing the project labor is what resource leveling does.
Answer option B is incorrect. Adding risk mitigation won't necessarily help Ned finish the project
faster.
