Question 1

A tracking Gantt chart does NOT allow for:

Accepted Answer

A)  looking at today's activity progress and determining whether a single activity is behind schedule. 
B)  future projections of the project's status. 
C)  looking at today's activity progress and determining whether the entire project is behind schedule. 
D)  looking at today's activity progress and determining whether a single activity is ahead of schedule. 
A)  looking at today's activity progress and determining whether a single activity is behind schedule. 
B)  future projections of the project's status. 
C)  looking at today's activity progress and determining whether the entire project is behind schedule. 
D)  looking at today's activity progress and determining whether a single activity is ahead of schedule.

Question 2

What are the inputs and the steps in applying earned value management as a project management tool?

Accepted Answer

The two pieces of data required to imple

Question 3

The project baseline is established by combining data from the:

Accepted Answer

A)  work breakdown structure and the project budget. 
B)  time-phased project budget and the PERT chart. 
C)  S-curve and the project budget. 
D)  time-phased project budget and the work breakdown structure. 
A)  work breakdown structure and the project budget. 
B)  time-phased project budget and the PERT chart. 
C)  S-curve and the project budget. 
D)  time-phased project budget and the work breakdown structure.

Question 4

The Project Implementation Profile does NOT contain this critical success factor.

Accepted Answer

A)  top management support 
B)  project plans and schedules 
C)  high performance work system 
D)  client consultation 
A)  top management support 
B)  project plans and schedules 
C)  high performance work system 
D)  client consultation

Question 5

At the end of week 20, this project has cost $79,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  1.11 
B)  0.82 
C)  0.94 
D)  0.90 
A)  1.11 
B)  0.82 
C)  0.94 
D)  0.90

Question 6

Project goal setting includes setting a baseline plan, which is predicated on:

Accepted Answer

A)  the progress measurement. 
B)  an accurate work breakdown structure. 
C)  the type of gap analysis the project team plans to use. 
D)  the budget and schedule limitations. 
A)  the progress measurement. 
B)  an accurate work breakdown structure. 
C)  the type of gap analysis the project team plans to use. 
D)  the budget and schedule limitations.

Question 7

In the build-up stage of a successful project, it is important that:

Accepted Answer

A)  an adequate budget exists. 
B)  top management support exists. 
C)  the project personnel are in a state of flux. 
D)  there is a clear sense of earned value management. 
A)  an adequate budget exists. 
B)  top management support exists. 
C)  the project personnel are in a state of flux. 
D)  there is a clear sense of earned value management.

Question 8

The earned value to date divided by the planned value of work scheduled to be performed is the:

Accepted Answer

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

Question 9

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

Accepted Answer

A)  The total project costs in week 10 are less than budgeted. 
B)  The total project costs in week 10 exceed the budgeted cost. 
C)  The project cost more from weeks 25 through 30 than it did in weeks 10 through 15. 
D)  The total amount spent on the project at the end of the 20th week is approximately $30,000. 
A)  The total project costs in week 10 are less than budgeted. 
B)  The total project costs in week 10 exceed the budgeted cost. 
C)  The project cost more from weeks 25 through 30 than it did in weeks 10 through 15. 
D)  The total amount spent on the project at the end of the 20th week is approximately $30,000.

Question 10

The project costs plotted against the elapsed time in weeks is known as the __________.

Accepted Answer

The answer of The project costs plotted against the elapsed...

Question 11

The one factor that earned value management considers that an S-curve does not include is performance.

Accepted Answer

A) True 
 B)False

Question 12

Earned value management jointly considers the impact of:

Accepted Answer

A)  time, cost, and planned cost. 
B)  project performance, planned performance, and cost. 
C)  performance, cost, and time. 
D)  planned cost, planned performance, and time. 
A)  time, cost, and planned cost. 
B)  project performance, planned performance, and cost. 
C)  performance, cost, and time. 
D)  planned cost, planned performance, and time.

Question 13

If significant deviations from the project plan are detected, corrective action is taken and then:

Accepted Answer

A)  the monitoring and control cycle begins anew. 
B)  project goals are adjusted to reflect current reality. 
C)  the project stakeholders are informed of the budget or time difficulties. 
D)  the critical chain is reviewed for task dependency. 
A)  the monitoring and control cycle begins anew. 
B)  project goals are adjusted to reflect current reality. 
C)  the project stakeholders are informed of the budget or time difficulties. 
D)  the critical chain is reviewed for task dependency.

Question 14

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  $38,500 
B)  $46,550 
C)  $56,750 
D)  $61,125 
A)  $38,500 
B)  $46,550 
C)  $56,750 
D)  $61,125

Question 15

If the actual cost line on an S-curve undercuts the budgeted cost line, the project has a(n) __________ variance.

Accepted Answer

The answer of If the actual cost line on an...

Question 16

The Project Implementation Profile includes this critical success factor.

Accepted Answer

A)  task interdependence 
B)  continuous quality improvement 
C)  self-actualization 
D)  technical tasks 
A)  task interdependence 
B)  continuous quality improvement 
C)  self-actualization 
D)  technical tasks

Question 17

It is possible to measure:

Accepted Answer

A)  only positive deviations from the schedule baseline with a tracking Gantt chart. 
B)  only negative deviations from the schedule baseline with a tracking Gantt chart. 
C)  both positive and negative deviations from the schedule baseline with the tracking Gantt chart. 
D)  both positive and negative deviations from the budget with the tracking Gantt chart. 
A)  only positive deviations from the schedule baseline with a tracking Gantt chart. 
B)  only negative deviations from the schedule baseline with a tracking Gantt chart. 
C)  both positive and negative deviations from the schedule baseline with the tracking Gantt chart. 
D)  both positive and negative deviations from the budget with the tracking Gantt chart.

Question 18

In earned value management analysis, the cumulative amount of the budget becomes the:

Accepted Answer

A)  planned value. 
B)  scheduled value. 
C)  cost basis. 
D)  cost driver. 
A)  planned value. 
B)  scheduled value. 
C)  cost basis. 
D)  cost driver.

A tracking Gantt chart does NOT allow for:

What are the inputs and the steps in applying earned value management as a project management tool?

The project baseline is established by combining data from the:

The Project Implementation Profile does NOT contain this critical success factor.

At the end of week 20, this project has cost $79,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Project goal setting includes setting a baseline plan, which is predicated on:

In the build-up stage of a successful project, it is important that:

The earned value to date divided by the planned value of work scheduled to be performed is the:

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

The project costs plotted against the elapsed time in weeks is known as the __________.

The one factor that earned value management considers that an S-curve does not include is performance.

Earned value management jointly considers the impact of:

If significant deviations from the project plan are detected, corrective action is taken and then:

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

If the actual cost line on an S-curve undercuts the budgeted cost line, the project has a(n) __________ variance.

The Project Implementation Profile includes this critical success factor.

It is possible to measure:

In earned value management analysis, the cumulative amount of the budget becomes the:

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 tracking Gantt chart does NOT allow for:

What are the inputs and the steps in applying earned value management as a project management tool?

The project baseline is established by combining data from the:

The Project Implementation Profile does NOT contain this critical success factor.

At the end of week 20, this project has cost $79,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Project goal setting includes setting a baseline plan, which is predicated on:

In the build-up stage of a successful project, it is important that:

The earned value to date divided by the planned value of work scheduled to be performed is the:

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

The project costs plotted against the elapsed time in weeks is known as the __________.

The one factor that earned value management considers that an S-curve does not include is performance.

Earned value management jointly considers the impact of:

If significant deviations from the project plan are detected, corrective action is taken and then:

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

If the actual cost line on an S-curve undercuts the budgeted cost line, the project has a(n) __________ variance.

The Project Implementation Profile includes this critical success factor.

It is possible to measure:

In earned value management analysis, the cumulative amount of the budget becomes the:

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