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18 At the end of an internal project, you find several key stakeholders includin
g the sponsor reluctant to finally accept all deliverables and then close the pr
oject. What should not be your next step in this situation?
a) Identify any open issues and get them solved. Then be firm on formal closure.
b) Formally close the project. Stakeholders will find a way by themselves to sor
t things out.
c) Identify and openly discuss personal rationales underlying the reluctance.
d) Invite earnest feedback from all sides and try to identify misunderstandings.
Q asks what NOT to do. so a, c, d are all things good to do proactively as a PM,
while b is the option where you are asking a project be closed where sponsor an
d stakeholders are not willing to accept and you are also saying let them sort i
t out which is the worst option for a PM-always PM should find ways of solving i
ssues rather than letting them loose
14 Which is generally not regarded as one of the three categories of culture tha
t managers should master?
There is no such culture, rest all are types of cultures pertaining to the count
ry, organization and the domain, project added to confuse
15. CPI of 0.8 and an SPI of 1.25 implies either a or d. but between them, as Q
says post-mortem after scheduled finish date, it means project was terminated no
t completed/finshed as in d
16. Together with your team, you applied three-point estimation on a critical pa
th which consists of two activities. The following duration uncertainties are al
l calculated assuming a 3sigma confidence interval. The duration uncertainty define
d as pessimistic minus optimistic estimate of the first activity is 18 days; the s
econd estimate has an uncertainty of 24 days. Applying the PERT formula for path
s, what is the duration uncertainty of the entire path?
Data given is P minus O for A1 is 18 & A2 is 24.We want P minus O for Whole proj
ect.
1)Standard deviation is (P-O)/6 - for A1 is 3 and A2 is 4.
2)Activity Duration variance for A1 is 9 & A2 is 16.
3) Total activity variance is 25 for the project. Hence SD for project is 5.
4) (P-O)/6 =5
Answer : Duration Uncertainty for entire project =P minus O = 6*5 =30.
--------------Activity One 18 days:3 Standard Deviation (SD)= 18 days/2 = (9 days)
1 SD = 9 days/3 = 3 days
Activity two 24 days:3 SD = 24 days/2 = 12 days
1 SD = 12/3 days = 4 days
Variance for 2 activities = 3^2 + 4^2 = (9+16)
1 SD = square root (25) = 5
3 SD = 3 X 5 = 15
Uncertainty duration +-15 days = 30 days
----------------17. A project manager reported the following earned value data: PV: $12,400,000
EV: $14,500,000 AC: $14,500,000 What does this mean?
EV-PV is +ve, so ahead of schedule, EV-CV=0, so on budget therefore d is correct
14.
15.
16.
17.
18.
C
A
B
D
B
(professional responsibility)
(Closing)
(Monitoring & control)
(Monitoring & control)
(Closing)