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?
You are the program manager for your organization. You have proposed a program that will cost $750,000
and will last for four years. Management is concerned with the cost of the program in relation to the return your
program will bring. If the rate of return is six percent what is the minimum value your project should return in four years based on the investment of the program?
Program management has several themes that the program manager must be aware of. Which one of the following is not a program management theme?
A program has a budget at completion of $1,250,000 and has already spent $425,000. The program is running late due to some vendor delays; the program is only 30 percent complete though it was scheduled to be 45 percent at this time. Based on this information how much more money will this program need to finish?
The new performance financial system is delivered to all business entities on time following a one-year
implementation program. After six months of utilization the global finance department, one of the main beneficiaries of the program, determines that quality and level of granularity of the financial data is not sufficient for them to analyze the key performance indicators (KPIs) defined. Additionally, the global finance department is missing the analytical tools required to understand the causes of discrepancies.
To address these shortcomings, the global finance department submits a request for a follow-up initiative through the process defined by which of the following documents?
A new program component provides an opportunity to enhance program outcomes. What does the program manager use to document and monitor the opportunity?
A wild life protection organization opposes your program, which involves the cutting of around 200 trees to make way for the construction of a building. Which of the following correctly defines the organization in program management terminology?
Which of the following statements is the most accurate when it comes to program change requests for the program scope?
A component is scheduled to close at the end of the week.
What should the program manager verify prior to allowing the component to close?
You are the program manager of the GHY Program. Your program team has identified a risk dealing with the materials you will be using in the program. It is possible that if the materials are not installed properly they will cause serious damage in future phases of the program. Your team has recommended additional training and a consultant to help the team members install the material accurately to reduce the likelihood of the risk event. You agree and the team executes the risk response. What type of risk response have you implemented in this situation?
