CRPM Exam Questions With Complete Solutions
1st phase of the project Correct Answers Initiation phase
2nd phase of the project Correct Answers Planning phase
3 steps in a cost control plan Correct Answers 1. Estimate costs
2. Create project budget
3. Determine cost controls: measures and cost control tools to be
used.
3 steps to creating a WBS: Correct Answers 1. Gather inputs
2. Assemble key team members
3. Create a high level structure
3rd phase of the project Correct Answers Execution phase
4th phase of the project Correct Answers Controlling phase
5th phase of the project Correct Answers Closing phase
Acronym for the project phases Correct Answers I-P-E-C-C
Change orders occur in which phase? Correct Answers
Controlling
And you are implementing the chance control plan outlined in
the planning phase.
, No work should be started until the process is followed and
approved by client. Record-keeping is very important during this
phase as well.
Critical Chain Method (CCPM) Correct Answers Goal is to
locate and remove the constraints / bottlenecks
Give Resources a start date goal (not a finish date) and ask
resources to complete work as quickly as they can
During the controlling phase, when evaluating quality, you are
evalulaing both... Correct Answers workmanship and project
quality (company performance, standard, how your baselines
did, etc
Earned value analysis is a type of cost control method. Define it:
Correct Answers More involved method that addresses
relationships between scope - schedule -
resources.
Also helps forecast trends and future results
Earned value calculations require the following: - Planned Value
(PV) = the budgeted amount through the current reporting
period.
- Actual Cost (AC) = actual costs to date.
- Earned Value (EV) = total project budget multiplied by the %
of project completion.
Can be automated by software
1st phase of the project Correct Answers Initiation phase
2nd phase of the project Correct Answers Planning phase
3 steps in a cost control plan Correct Answers 1. Estimate costs
2. Create project budget
3. Determine cost controls: measures and cost control tools to be
used.
3 steps to creating a WBS: Correct Answers 1. Gather inputs
2. Assemble key team members
3. Create a high level structure
3rd phase of the project Correct Answers Execution phase
4th phase of the project Correct Answers Controlling phase
5th phase of the project Correct Answers Closing phase
Acronym for the project phases Correct Answers I-P-E-C-C
Change orders occur in which phase? Correct Answers
Controlling
And you are implementing the chance control plan outlined in
the planning phase.
, No work should be started until the process is followed and
approved by client. Record-keeping is very important during this
phase as well.
Critical Chain Method (CCPM) Correct Answers Goal is to
locate and remove the constraints / bottlenecks
Give Resources a start date goal (not a finish date) and ask
resources to complete work as quickly as they can
During the controlling phase, when evaluating quality, you are
evalulaing both... Correct Answers workmanship and project
quality (company performance, standard, how your baselines
did, etc
Earned value analysis is a type of cost control method. Define it:
Correct Answers More involved method that addresses
relationships between scope - schedule -
resources.
Also helps forecast trends and future results
Earned value calculations require the following: - Planned Value
(PV) = the budgeted amount through the current reporting
period.
- Actual Cost (AC) = actual costs to date.
- Earned Value (EV) = total project budget multiplied by the %
of project completion.
Can be automated by software
