A constraint for a project can be described by one of the following, Pick the best answer. A customer idea that needs to be studied. A budget that needs approval. An engineering standard that if applied will significantly help a project. A limitation to a project performance that must be addressed by the project team. None of the above. A project life cycle typically has 5 stages. Which of the items below is considered to be a stage of a project life cycle? Disposal Research & Development Production & Development Planning None of the above There are three factors that your text authors feel best determine the final project results when evaluating EAC. Which of the choices describes those three factors: Valid Planned Value curve: Earned Value Curve: Actual Cost Curve. Quality of the Project Plan: Performance again the plan: Extent of management desire to influence project outcome. Management Reserve compared to Factored Risk and Opportunity Customer Satisfaction: the Magic Triangle. The authors in Chapter 12 do not offer an opinion on the subject. What is the important LOE issue with which most Project Managers do not like to deal? Managers do not like to lose efficiency in their teams. Managers feel they cannot accurately predict efficiency results. Managers feel that they LOE tasks make it difficult to predict EV performance. None of the above. A 24 month project is having its 1 year review. The data below is offered by the project manager. As the project auditor for the engineering vice president, what do you tell the vice president? PV = $35, 675: AC = $36, 700: EV = $25, 800. The Project Manager said everything is under control, they found all of the issues, and the project will be completed on-time and on-budget. Although the project is slightly behind, you believe the Project Manager is correct. The Project may finish on-time, but will be slightly over budget. The project is over budget and behind schedule, but the project manager is a good one and the project is OK. The project is over budget and behind schedule, but you recommend adding finances to the budget and time to the schedule. You are not sure what to say, because you need more information from the project manager.
Expert Answer
11 option d
reason a constraint is a restriction in the process.
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12 option d planning
initiating
planning
executing
monitoring and controlling
closing process.