Which earned value management (EVM) metric is a measure of the cost efficiency of budgeted resources expressed as a ratio of earned value (EV) to actual cost (AC) and is considered a critical EVM metric?

• A.Cost variance (CV)
• B.Variance at completion (VAC)
• C.Cost performance index (CPI)
• D.Budget at completion (BAC)

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Which type of risk diagram is useful for showing time ordering of events?

• A.Ishikawa
• B.Milestone
• C.Influence
• D.Decision tree

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You are using earned value progress reporting for your current project in an effort to teach your software developers the benefits of earned value. You plan to display project results on the cafeteria bulletin board so that the team knows how the project is progressing.
PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000
The CV for this project is______________

• A.300
• B.-$300
• C.500
• D.-$500

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Which of the following are Information Gathering Techniques required for Risk Identification?

• A.SWOT Analysis, Cause and Effect Diagrams, Influence Diagrams
• B.Delphi Technique, SWOT Analysis, Influence Diagrams
• C.Brainstorming, Cause and Effect Diagrams, Influence Diagrams
• D.Brainstorming, Delphi Technique, SWOT Analysis

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You are running a major project with four sub-projects. Each of the sub-project managers has developed a risk management plan, identified many risks, analyzed them and planned for risk response.
It is now two months later. What should you not do?

• A.Ensure that they handle all risks to save you from project level risk monitoring and control.
• B.Make sure that the sub project managers monitor their project work for new and changing risks.
• C.Make sure that the sub-project managers monitor trigger conditions for contingency plans.
• D.Make sure that the sub project managers keep track of the identified risks and those on thewatchlist.

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