Which is one of the determining factors used to calculate CPI?
Correct Answer: D
Question 42
The cost benefit analysis tool is used for creating:
Correct Answer: B
Section: Volume E Explanation: 8.1.2.1 Cost-Benefit Analysis The primary benefits of meeting quality requirements include less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. A cost-benefit analysis for each quality activity compares the cost of the quality step to the expected benefit. 8.1.3.3 Quality Metrics A quality metric specifically describes a project or product attribute and how the control quality process will measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes. Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage.
Question 43
Which item is an output of Plan Quality Management and an input to Perform Quality Assurance?
Correct Answer: B
Section: Volume A Explanation: 8.1.3.3 Quality Metrics A quality metric specifically describes a project or product attribute and how the control quality process will measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes. Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage. Process: 8.1 Plan Quality Management Definition: The process of identifying quality requirements and/or standards for the project and its deliverables and documenting how the project will demonstrate compliance with quality requirements and/or standards. Key Benefit: The key benefit of this process is that it provides guidance and direction on how quality will be managed and validated throughout the project. Inputs 1. Project management plan 2. Stakeholder register 3. Risk register 4. Requirements documentation 5. Enterprise environmental factors 6. Organizational process assets 1. Tools & Techniques 2. Cost-benefit analysis 3. Cost of quality 4. Seven basic quality tools 5. Benchmarking 6. Design of experiments 7. Statistical sampling 8. Additional quality planning tools 9. Meetings Outputs 1. Quality management plan 2. Process improvement plan 3. Quality metrics 4. Quality checklists 5. Project documents updates Process: 8.2 Perform Quality Assurance Definition: The process of auditing the quality requirements and the results from quality control measurements to ensure that appropriate quality standards and operational definitions are used. Key Benefit: The key benefit of this process is that it facilitates the improvement of quality processes. Inputs 1. Quality management plan 2. Process improvement plan 3. Quality metrics 4. Quality control measurements 5. Project documents Tools & Techniques 1. Quality management and control tools 2. Quality audits 3. Process analysis Outputs 1. Change requests 2. Project management plan updates 3. Project documents updates 4. Organizational process assets updates
Question 44
A project's purpose or justification, measurable project objectives and related success criteria, a summary milestone schedule, and a summary budget are all components of which document?
