You are the project manger at a leading manufacturer of consumer electronics, personal computers and peripherals. Unfortunately, your company is facing a rapidly maturing market characterized by consolidation and commoditization. Hence you have been assigned a project to drive growth and profit by integrating an online CRM (costumer relationship management) solution. Industry benchmarks suggest the CRM solution should generate $100-$300M in bottom the benefits.
You've determined the following information so far: Activity X has an early start of day3, early finish of day6, and a late finish of day10. Activity Y is being performed by resource that had been very difficult to obtain. The CPI of the project is 0.8 and the SPI is 1.2. Based on the information above, which of the following areas should cause the MOST concern?

• A.Float
• B.Cost
• C.Quality
• D.Schedule
• E.Resource

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Expectancy theory as applied to project management implies that:

• A.None of the other alternatives apply
• B.Employees will work hardest for those project goals which are accompanied by high levels of authority for the individual team members
• C.The team will work the hardest on those goals that are clearly explained by the project manager
• D.Team members will work hardest for those project goals that also bring satisfaction to personal goals
• E.The more rewards that the project manager provides, the better the performance of the team

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During a demonstration of their latest deliverable for a new solution being developed a vendor showed the client a new software module that would meet the client's needs better and improve the outcome of the project The new software module, which was not included in the original statement of work (SOW), costs US$20 000 and would eliminate the need for US$22,000 of testing work The client has decided that they would like to have the new module How should the project manager proceed1?

• A.Tell the vendor that the change cannot be made because it is not in alignment with the procurement plan
• B.Tell the vendor to go ahead with the new module because it costs less and has no impact on the schedule
• C.Initiate a change request and inform the vendor that the client wishes to go ahead: subject to approval
• D.Initiate this change from the vendor, and inform the sponsor about the decrease in cost

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You are a project manager responsible for constructing a new sports arena in preparation for upcoming Olympics. Construction begins on a project over a year ago. Stakeholders of the project want a status report on the performance of the project to the date. You have obtained the following measurement:
BAC=500, ETC=200, PV=500, AC=200, EV=300, CPI=1.5
You believe the type of variances that have occurred on the project to date to be atypical, and except these variances to continue. Based on the information above what will be the VAC for the project?

• A.333.33
• B.100
• C.400
• D.133.33
• E.166.67

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You are a project manager for Laurel's Theater Productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know all of the following statements are true regarding Cost Control except for which one?

• A.Changes are reflected in the cost baseline.
• B.Performance is monitored to detect variances.
• C.Changes are monitored and reflected in the project scope.
• D.Changes are monitored so that inappropriate changes do not get into the cost baseline.

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