MSMEM4SE05 Project Management (2024-2025)
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What is true about the stakeholder.
(Multiple answers expected)
A customer comes to you and ask for some changes to the projects.
Before accepting the changes what are the questiond you need to answer before addressing it.
Your CPI (Cost performance index) is equal to 0.82.
Select the true statment.
My Cost Performance index is equal to 0.85.
My SVt (Scheduled Variance time) is equal to 0.2.
Select the true statment
Around the wind mill a 3867m fence must be built to protect the installations.
On the previous project a similar fence has been built.
It took 6 work days to build a 1200m long fence.
The technical expert brought to your attention the duration of the task can varies. its pessimistic evaluation of the duration is by far longer. Due to some local contestations, he would recommend to add 5 more days to get the pessimistic duration. On the other hand, the estimate duration could be shorter by one day if the weather is fine and everything goes perfectly well.
Using the 'Three point estimation' method what is the estimated duration to build the fence (95% chance to finish on time)
Similar project has been done in the past.
The standard deviation of the time variation can be calculated from the historical data.
Assuming the distribution of the variation follow a normal variation.
To get a confidence level of 95.5% which formula shall you use.
When risk analysis shall be conducted
Select the proper sentence defining a risk.
You are going to change the store management software.Select the 5 preventions measures from the list below.
Select the proper sentence.
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