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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/Crosswind 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.

Question of the Day

The project is using a new auto press machine that cost $50,000 US. The Project Manager is told to set up depreciation for the server over a five-year schedule, with the auto press having a value of $0 at the end of five years. Standard depreciation will be used in the calculation. What is the amount per year the server will depreciate?

A) $10,000 US

B) $5,000 US

C) $2,500 US

D) Not enough information

Terminology of the Day

Definitive Estimate

A Cost Estimate that provides the accurate estimation of the project costs; the final estimate to be used on the project before implementation begins

Answer and Explanation to Yesterday's Question

Float on a Network diagram is also known as:

A) Lag

B) PERT

C) Slack (Correct)

D) GERT

Explanation: Slack and Float are interchangeable terminology. Lag is a delay between tasks on a Network diagram. GERT and PERT are noise.

For more questions, terminology and other exercises please see the PMP® Exam Success Series: Certification Exam Manual at http://www.crosswindpm.com/