1. Using the situation stated in the Special window, which WBS element is behind schedule but under budget?

[A]Element P

[B]Element Q

[C]Element R

[D]Element S

[E]None of the above.

2. Using the situation stated in the Special window, which WBS element has a favorable cost variance of $150?

[A]Element P

[B]Element Q

[C]Element R

[D]Element S

[E]None of the above.

3. Using the situation stated in the Special window, the cost performance index (CPI) for WBS Element R is:

[A]0.875

[B]1.14

[C]0.952

[D]0.833

[E]1.2

4. Using the situation stated in the Special window, the schedule performance index (SPI) for WBS Element P is:

[A]1.1

[B]0.9

[C]0.956

[D]1.15

[E]0.869

5. Using the situation stated in the Special window, WBS Element Q is _____ budget by _____ percent.

[A]Over, 16.66

[B]Under, 16.66

[C]Over, 10.0

[D]Under, 10.0

[E]None of the above.

6. Using the situation stated in the Special window, a comparison of the cost schedule of August as compared to July shows that the magnitude ($ value) of the variance has _____ and the percentage change has _____.

[A]Become worse, become worse

[B]Become worse, improved

[C]Improved, increased

[D]Improved, become worse

[E]None of the above are correct

7. Using the situation stated in the Special window, the total price variance of direct material is:

[A]80245

[B]-4236

[C]-3479

[D]0.69

[E]83994

8. Using the situation stated in the Special window, the labor rate cost variance is:

[A]66927

[B]68329

[C]386

[D]-0.22

[E]18.36

9. Using the situation stated in the Special window, what is the total fixed costs for manufacturing the widgets?

[A]3000

[B]27000

[C]27270

[D]1335

[E]1000

10. Using the figure in the Special window, The critical path is:

[A]A-B-G

[B]C-G

[C]C-D

[D]E-F

[E]A-B-G and C-D

11. Using the figure in the Special window, By how many weeks can activity "F" slip without extending the end date of the project?

[A]0

[B]1

[C]2

[D]3

[E]4

12. Using the data shown in the Special window, Activities P, Q, and T are critical path activities. In order to shorten the time duration of the project, which activity should be "crashed" first?

[A]P

[B]Q

[C]R

[D]S

[E]T

13. Using the possible profit and loss outcomes shown in the Special window, find the expected profit (loss)

[A]-1000

[B]1000

[C]2000

[D]1200

[E]None of the above

14. Using the figure in the Special window, The Critical path is _____ weeks.

[A]21

[B]22

[C]23

[D]24

[E]25

15. Using the possible loss outcomes shown in the Special window, find the expected (loss)

[A]0

[B]-1300

[C]-2000

[D]-3000

[E]None of the above

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