PMHub now offers you the benefit of daily guidance to help you stay on the road to success with the project management exam or to sharpen and exercise the project management skills you already possess. Each edition of the PMHub Tip of the Day will give you a question of the day, daily terminology booster, and links to other helpful tools that will prepare you for exam success.

The PMP® Exam Success Series: Understanding the Processes Audio CD is a key tool for anyone preparing for the PMP®. This CD has descriptions of all 44 process areas covered on the PMP® and CAPM® exams. The format describes each of the processes, where they occur and have impact, as well as a description of the process and key input, tools and outputs. It's perfect for memorizing how all the pieces of the PMBOK® fit together during that long commute to the office or that late night study session.

Task A is worth $400, is 95% complete, and actually cost $395. Task B is worth $350, is 90% complete, and actually cost $330 so far. Task C is worth $275, is 100% complete, and has cost $310 so far. The total budget is $2500. What is the Variance at Completion for the tasks listed?

(a) -$168.09
(b) $2500
(c) $2668.09
(d) $1633.09

Budget At Completion (BAC)

Total project budget; amount of money planned to be spent by the time the project is complete

Crosswind Custom Websites is building an ecommerce system. However, conflicting priorities from other projects has delayed the finish by two weeks. The schedule shows that the next task is to define the requirements needed by the customer, then that is followed by the coding. This is an example of what?

(a) Mandatory Dependencies (Correct)
(b) Lag
(c) Discretionary Dependencies
(d) Crashing

Explanation: A mandatory dependency is required and internal to the organization. The discretionary dependency is a dependency that the Project Manager can utilize options in completing or working with. Crashing and Lag are noise in this question.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com

Question of the Day

Task A is worth $400, is 95% complete, and actually cost $395. Task B is worth $350, is 90% complete, and actually cost $330 so far. Task C is worth $275, is 100% complete, and has cost $310 so far. The total budget is $2500. What is the Variance at Completion for the tasks listed? (a) -$168.09 (b) $2500 (c) $2668.09 (d) $1633.09

Terminology of the Day

Budget At Completion (BAC) Total project budget; amount of money planned to be spent by the time the project is complete

Answer and Explanation to Yesterday's Question

Crosswind Custom Websites is building an ecommerce system. However, conflicting priorities from other projects has delayed the finish by two weeks. The schedule shows that the next task is to define the requirements needed by the customer, then that is followed by the coding. This is an example of what? (a) Mandatory Dependencies (Correct) (b) Lag (c) Discretionary Dependencies (d) Crashing Explanation: A mandatory dependency is required and internal to the organization. The discretionary dependency is a dependency that the Project Manager can utilize options in completing or working with. Crashing and Lag are noise in this question. For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at www.c rosswind pm.com