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Taken from Cert-CAPM3ED
Related Exam: PMI Cert-CAPM3ED PMCert: Certified Associate in Project Management Third Edition
Item Number: Cert-CAPM3ED.3.5.13

Your current project can be summarized as:

the EV is 250,000
the AC is 300,000
the PV is 425,000

What is true about the project's schedule?

It is proceeding at a rate of approximately 42 percent of the originally planned rate.

It is proceeding at a rate of approximately 45 percent of the originally planned rate.

It is proceeding at a rate of approximately 59 percent of the originally planned rate.

It is proceeding at a rate of approximately 112 percent of the originally planned rate.

Previous question and answer:

Taken from Cert-PMP4ED
Related Exam: PMI Cert-PMP4ED PMCert: Project Management Professional Fourth Edition
Item Number: Cert-PMP4ED.1.1.46

What is included in the project charter?

a WBS
a scope statement
a definitive project schedule
the business need for the project

The project charter includes the business need for the project. The project charter is created during the Initiating Process group and signed by senior management. The project charter is a high-level document that identifies the project manager, the product description, and a description of the business need for the project.

The project charter does not include a WBS. A work breakdown structure (WBS) provides a detailed breakdown of the deliverables of a project. The project charter is a high-level document that does not include project details. These details are identified during the Planning Process group, after the Initiating Process group is complete and the project charter has been created.

The project charter does not include a scope statement. The scope statement is created during Define Scope process of the Planning Process group, after the Initiating Process group is complete and the project charter has been created.

Although the project charter may contain some schedule information, such as a summary milestone schedule, it does not contain a definitive project schedule. A definitive project schedule is an output of the Develop Schedule Process, which is a part of the Planning Process group.

The Initiating Process group includes the Develop Project Charter and Identify Stakeholders processes. As part of this process group, the project manager will identify the requirements, identify the business need, evaluate historical information, identify stakeholders, and create the project charter.

The project charter fulfills the following goals:

Establishes the project's organizational structure.

Expresses upper management's commitment to the project.

Provides that authority by which the project will be run.

Specifies the overall objectives and timeframe of the project.

References:

A Guide to the Project Management Body of Knowledge - PMBOK Guide 4th Edition - Project Integration Management - 4.1 Develop Project Charter

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