Your program has a budget at completion of $1,550,000 and is expected to last one year.
Currently your program is 45 percent complete and has spent $725,000. According to the program schedule you are actually to be fifty percent complete at this, but due to some vendor delays your program is running just a bit late. Management is concerned that your program will not be able to recoup the costs of the expenses.
They've asked you to determine the cost variance for the program. What is the cost variance based on this information?

• A.-$27,500
• B.-$77,500
• C.-$61,111
• D..90

Comment: *

Name: *

Email: *

Verification: *

You are the program manager for your organization. You are planning a new program that will construct a new warehouse facility for your company. As you look forward to the conclusion of the program you need an official document that will signify the program has ended. What document should you specify in your program management plan for the conclusion of the program?

• A.Lessons learned documentation
• B.Certificate of program completion
• C.Final program audit report
• D.Audit of program financials

Comment: *

Name: *

Email: *

Verification: *

A program manager is concerned because several change requests in a component project are causing delays to the program's work package milestones. There are insufficient skilled resources within the component project to complete both the change requests and the milestone tasks.
What should the program manager do next to address this risk?

• A.Prioritize which resources are critical to the project based on an impact analysis of the critical change requests and update the program roadmap.
• B.Prioritize which change requests are critical to the project based on an impact analysis, resource only critical change requests until overdue milestones are achieved, and update the risk register.
• C.Mandate that no component project change requests will be processed until overdue milestones have been completed and update the risk register to reflect this.
• D.Add the lack of skilled resources to facilitate the large number of change requests to the issue log.

Comment: *

Name: *

Email: *

Verification: *

An organization is considering a new program. The business analyst believes that the benefits to the organization would equate to $1,550,000 in five years. If the rate of return for this program is six percent what is the maximum amount the organization should invest in this program?

• A.$1,158,250
• B.It depends on the internal decision making process.
• C.$2,074,249
• D.$1,550,000

Comment: *

Name: *

Email: *

Verification: *

You are a program manager for an environmental program. The program involves installation of windmill across the country. During execution of the project, a stakeholder raises a change request to add an additional module with the existing installation. The program governance board has approved the change request. Which of the following is true regarding this scenario?

• A.The Program Master Schedule is updated to reflect the changes.
• B.Separate project is made to ensure that the approved changes are included in the program.
• C.The new Program Master Schedule is created containing the approved changes.
• D.Project charter is upgraded to include the approved changes in the program.

Comment: *

Name: *

Email: *

Verification: *