Which of the following techniques can provide the probability of a project completing on any given date?

You are in the Monitor Communications process. Your organization has taken on a large, complex, multiyear project. You are coming in as the new project manager (the old project manager left one day for lunch and never came back). After you’ve spent some time working on the project, you begin to realize that the project sponsor doesn’t want to hear bad news. There is, unfortunately, some bad news related to the project, but you have a plan to get the project back on track. One of the other stakeholders on the project informed you that the sponsor had just told them that the project was proceeding as planned and was on time and on budget. You’ve found that the stakeholders are not communicating with each other and that since you’ve started working on the project, there have been no regularly scheduled meetings with stakeholders. All of the following are true regarding this question except which one?

If earned value = 500, planned value = 700, and actual costs = 450, what is the schedule variance?

A project manager is overseeing the execution of the team’s project activities. She closes out the day, satisfied that the team is working together harmoniously and beginning to adjust their work habits and behaviors to support one another. Which stage of the Tuckman team development ladder is the team currently in?

Yazzy is a junior project manager for a fitness company that is developing a new franchise model. She is currently working under the guidance of a senior project manager over her parent project, who asks that she calculate the expected costs to finish the remaining project work. The work is proceeding as planned. She determines that the EAC is $75,000, and the cumulative actual costs to date are $50,000. What will Yazzy communicate to the senior project manager?

Two project managers preparing for the PMP® exam sat and debated over the various ways that project life-cycle phases could be performed. The project managers would be covering all of the following except for which one?

At what point in the project’s life cycle is the risk probability of occurrence at its highest?

You have a very energetic project team. One of your team members has been classified by his teammates as brilliant. The team members are motivated by results, have good conflict-resolution skills, and are highly committed to the project, among other things. They have a solid understanding of the project goals and objectives and understand the direction the project is headed in. When their brilliant teammate questions the approach the team is using regarding one of the goals, you ask the team for their input and gather the facts before making a decision. You ask the team what they would do, and their conclusion is that the brilliant teammate is right and it’s better to go with his solution than the one they planned. What type of power is the teammate displaying, and what leadership style does the project manager possess based on this question?

Your selection committee can choose only one of the following projects: Project A’s original investment is $1 million, and the payback period is 18 months. Project B’s original investment is $1.4 million, and the payback period is 18 months. Project C’s original investment is $1.8 million, and the payback period is 18 months. Which project should the committee choose?

The project management team is coordinating the decision between making or buying a product. Making the product would require an initial investment of $35,000 and has a probability of 15 percent failure and a probable impact of $15,000. Buying the product would require an initial investment of $25,000 but has a probability of 35 percent failure and $10,000 impact. What is the expected monetary value of making the product?