Question 1

A recurring problem with establishing accurate or meaningful EVM results has to do with:

Accepted Answer

A)  the 0/100 rule. 
B)  over-reliance on the S-curve. 
C)  the need to recognize the human factor. 
D)  the need to satisfy stakeholders within budget and time parameters. 
A)  the 0/100 rule. 
B)  over-reliance on the S-curve. 
C)  the need to recognize the human factor. 
D)  the need to satisfy stakeholders within budget and time parameters. C

Question 2

Earned value is:

Accepted Answer

A)  the total budget for the project. 
B)  a cost estimate of the budgeted resources across the project's life cycle. 
C)  the real budgeted value of the work that has actually been performed to date. 
D)  the cumulative total costs incurred in accomplishing the various project work packages. 
A)  the total budget for the project. 
B)  a cost estimate of the budgeted resources across the project's life cycle. 
C)  the real budgeted value of the work that has actually been performed to date. 
D)  the cumulative total costs incurred in accomplishing the various project work packages. C

Question 3

An excellent way to coordinate schedules with vendors and suppliers is through the use of:

Accepted Answer

A)  milestones. 
B)  S-curves that plot expenditures against time. 
C)  S-curves that plot planned expenditures against time. 
D)  a tracking Gantt chart. 
A)  milestones. 
B)  S-curves that plot expenditures against time. 
C)  S-curves that plot planned expenditures against time. 
D)  a tracking Gantt chart. A

Question 4

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

Accepted Answer

A)  1.24 
B)  0.93 
C)  0.81 
D)  0.76 
A)  1.24 
B)  0.93 
C)  0.81 
D)  0.76

Question 5

In the formation stage, failed projects are more likely to have:

Accepted Answer

A)  technical limitations. 
B)  personal ambition. 
C)  clear objectives. 
D)  team motivation. 
A)  technical limitations. 
B)  personal ambition. 
C)  clear objectives. 
D)  team motivation.

Question 6

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

Accepted Answer

A) True 
 B)False

Question 7

The Project Implementation Profile allows teams to make mid-course correction and improvement of the __________.

Accepted Answer

The answer of The Project Implementation Profile allows teams to...

Question 8

Briefly describe any seven critical success factors for project success contained in the Project Implementation Profile.

Accepted Answer

The project implementation profile conta

Question 9

The degree to which anyone who will be ultimately making use of the product of the project is personally involved in the implementation process is the __________ critical success factor in the Project Implementation Profile.

Accepted Answer

The answer of The degree to which anyone who will...

Question 10

Use the earned value table for Project Terrace to calculate their schedule performance index if all dollar amounts are in hundreds.

Accepted Answer

A)  0.90 
B)  0.80 
C)  1.12 
D)  1.20 
A)  0.90 
B)  0.80 
C)  1.12 
D)  1.20

Question 11

Very short work packages would be better managed by:

Accepted Answer

A)  the percentage complete rule. 
B)  the 0/100 rule. 
C)  the caveat emptor rule. 
D)  the prior knowledge rule. 
A)  the percentage complete rule. 
B)  the 0/100 rule. 
C)  the caveat emptor rule. 
D)  the prior knowledge rule.

Question 12

If an activity's progress is defined as 0% until the moment is complete, the project manager is using:

Accepted Answer

A)  the 50/50 rule. 
B)  the all or nothing rule. 
C)  the 0/100 rule. 
D)  the Do Not Pass Go rule. 
A)  the 50/50 rule. 
B)  the all or nothing rule. 
C)  the 0/100 rule. 
D)  the Do Not Pass Go rule.

Question 13

A project manager can calculate the projected budget to completion by using the:

Accepted Answer

A)  budgeted cost at completion index. 
B)  budget efficiency index. 
C)  cost performance index. 
D)  schedule performance index. 
A)  budgeted cost at completion index. 
B)  budget efficiency index. 
C)  cost performance index. 
D)  schedule performance index.

Question 14

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

Accepted Answer

The project experiences positive varianc

Question 15

Measurement mechanisms should include a clear definition of:

Accepted Answer

A)  the project baseline. 
B)  the reporting relationships among members of the project team. 
C)  what to measure. 
D)  trigger points. 
A)  the project baseline. 
B)  the reporting relationships among members of the project team. 
C)  what to measure. 
D)  trigger points.

Question 16

Use the earned value table for Project Terrace to calculate their estimated time to completion (all dollar amounts are in hundreds).

Accepted Answer

A)  14.2 days 
B)  15.0 days 
C)  18.4 days 
D)  16.8 days 
A)  14.2 days 
B)  15.0 days 
C)  18.4 days 
D)  16.8 days

Question 17

Take the factors considered by earned value analysis and subtract those considered by tracking Gantt charts. The factor(s) you have remaining are:

Accepted Answer

A)  cost. 
B)  cost and schedule. 
C)  schedule and performance. 
D)  performance. 
A)  cost. 
B)  cost and schedule. 
C)  schedule and performance. 
D)  performance.

Question 18

The project control process is captured in the critical success factor of:

Accepted Answer

A)  communication. 
B)  monitoring and feedback. 
C)  troubleshooting. 
D)  client consultation. 
A)  communication. 
B)  monitoring and feedback. 
C)  troubleshooting. 
D)  client consultation.

Question 19

Your organization is in the midst of a project in uncharted waters; nothing you have attempted before comes close to many of the activities that are necessary to bring this project to completion. Your earned value management should probably be tracked closely with a percentage complete rule in increments of 5 to 10 percent.

Accepted Answer

A) True 
 B)False

Question 20

What is earned value management and how can it be used to monitor project status?

Accepted Answer

Earned Value Management (EVM) is a proje

A recurring problem with establishing accurate or meaningful EVM results has to do with:

Earned value is:

An excellent way to coordinate schedules with vendors and suppliers is through the use of:

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

In the formation stage, failed projects are more likely to have:

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

The Project Implementation Profile allows teams to make mid-course correction and improvement of the __________.

Briefly describe any seven critical success factors for project success contained in the Project Implementation Profile.

The degree to which anyone who will be ultimately making use of the product of the project is personally involved in the implementation process is the __________ critical success factor in the Project Implementation Profile.

Use the earned value table for Project Terrace to calculate their schedule performance index if all dollar amounts are in hundreds.

Very short work packages would be better managed by:

If an activity's progress is defined as 0% until the moment is complete, the project manager is using:

A project manager can calculate the projected budget to completion by using the:

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

Measurement mechanisms should include a clear definition of:

Use the earned value table for Project Terrace to calculate their estimated time to completion (all dollar amounts are in hundreds).

Take the factors considered by earned value analysis and subtract those considered by tracking Gantt charts. The factor(s) you have remaining are:

The project control process is captured in the critical success factor of:

What is earned value management and how can it be used to monitor project status?

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Closeout and Termination

Filters

Exam 13: Project Evaluation and Control

A recurring problem with establishing accurate or meaningful EVM results has to do with:

Earned value is:

An excellent way to coordinate schedules with vendors and suppliers is through the use of:

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

In the formation stage, failed projects are more likely to have:

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

The Project Implementation Profile allows teams to make mid-course correction and improvement of the __________.

Briefly describe any seven critical success factors for project success contained in the Project Implementation Profile.

The degree to which anyone who will be ultimately making use of the product of the project is personally involved in the implementation process is the __________ critical success factor in the Project Implementation Profile.

Use the earned value table for Project Terrace to calculate their schedule performance index if all dollar amounts are in hundreds.

Very short work packages would be better managed by:

If an activity's progress is defined as 0% until the moment is complete, the project manager is using:

A project manager can calculate the projected budget to completion by using the:

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

Measurement mechanisms should include a clear definition of:

Use the earned value table for Project Terrace to calculate their estimated time to completion (all dollar amounts are in hundreds).

Take the factors considered by earned value analysis and subtract those considered by tracking Gantt charts. The factor(s) you have remaining are:

The project control process is captured in the critical success factor of:

What is earned value management and how can it be used to monitor project status?

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Closeout and Termination

Filters