You are the project manager of a company that is building ATM software for a lar

Question

You are the project manager of a company that is building ATM software for a large bank and financial institutions. You have been told that the ATM software must meet very stringent quality standards. Including rigorous auditing of all transactions, ability to recover in case of software/ hardware errors, and fraud detection/analysis and robust two-factor authentication.

The ATM system is currently in production, when a quality problem is identified with a PIN card reader. This problem will require with a downtime of the manufacturing process while networks of the unit are performed. Fortunately, the units have not been shipped, to customers yet. Which of the following best describes the cost of quality associated with this problem?

Question options:

A. Appraisal costs

B. Internal failure costs

C. External failure cost

D. Prevention costs

You are managing a project with AC = $25,100, ETC = $45,600, VAC = -$2,600, BAC = $90,000 and EAC = $92,100. Your sponsor asks you to forecast how much money you expect to spend on the remainder of the project. Which estimate is an acceptable forecast?

Question options:

A. $45,600

B. $87,400

C. $90,000

D. $92,100

All of the following are tools/ techniques of Perform Quality Assurance EXCEPT:

Question options:

A. Reserve analysis

B. Process analysis

B. Quality Audits

D. Quality control tools/ techniques

Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: $1,200,000, EV: $1,000,000, AC: $1,200,000 You expect the underestimation to influence the future as much as it did in the past. If the value of the remaining work (BAC – EV) is at $1,000,000, what should be your new EAC (estimate at completion)?

Question options:

A. $1,800,000

B. $2,000,000

C. $2,200,000

D. $2,400,000

Earned value analysis is a performance reporting tool/ technique used in manage stakeholder’s process. Which of the following performance measurements is derived by the following formula: (EAC-AC)?

Question options:

A. VAC

B. CPI

C. ETC

D. CV

For a project, the following earned value data have been assessed: AC: $ 4,000,000
CV: $ -500,000 SPI: 1.12 BAC: $ 9,650,000 What is the Planned Value (BCWS) of the project at the time of the assessment?

Question options:

A. $3,850,000

B. $3,500,000

C. $3,125,000

D. $3,750,000

You are project manager responsible for constructing a new sports arena for the upcoming Olympics. Construction begins on a project over a year ago. The stakeholders of the project want a status report on the performance of the project to date. You’ve obtained the following measurements: BAC=500, ETC=200, PV=500, AC=200, EV=300, CPI=1.5

You believe the type of variances that have occurred on the project to date are typical expect these variances to continue throughout the project. Based on the information above, what is the EAC for the project?

Question options:

A. 333.33

B. 400

C. 250

D. 200

A. Appraisal costs

B. Internal failure costs

C. External failure cost

D. Prevention costs

Explanation / Answer

5 Internal failure costs(Internal failure cost are the costs incurred by issues or problems in services/products before being delivered to the end customer).

7 45,600(the best estimate to use in the case is the estimate to completion(EAC) as its money which will be further spent to complete the project).

8 Reverse analysis(process analysis, quality audits, control tools are the tools of performing QA and not reverse analysis).

14 2,40,0000

( CPI at given point = EV/AC = 1,000,000/1,200,000

ETC = (BAV - EV) / CPI = 1,000,000 / (1,000,000/1,200,000) = 1,2000,000

EAC = AC + ETC = 1,200,000+1,200,000 = 2,400,000)

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.