Exam 14: Determining Project Progress and Results

The Cost Variance (CV)is a measure of cost efficiency on a project.

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) -Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project cost performance as of October 31,20XX?

During project execution,monitoring refers to the act of comparing actual performance with planned performance and taking corrective action when needed.

It is often costly,difficult or even impossible to inspect an entire sample. When that is the case,it is best to inspect the population.

A control limit is what the customer will accept,whereas a tolerance limit reflects what the process can consistently deliver when things are behaving normally.

It is possible for a project to be both behind schedule and under budget at the same time.

Some organizations rely upon a formally constituted group of stakeholders to review,evaluate and approve changes to the project. This group is typically known as a:

When discrepancies are identified during a project quality audit,the presumption must be that workers failed to comply with procedures and should be reprimanded accordingly.

Project managers interested in controlling quality on projects will often concentrate upon project inputs. Which of the following are important considerations for the project managers concentrating on inputs to ensure project quality?

One useful method of process improvement involves consideration of how another organization performs a process with an eye toward determining how to improve your own performance. This method is known as:

Benchmarking generally includes all of the following steps EXCEPT:

The process of reviewing all change requests,approving changes and controlling changes to deliverables and organizational process assets is known as:

Identify a business process that is often critical to project success. Now describe the approach you would employ to improve the business process you identified.

All of the following accurately describe the trade-offs that must be managed while accomplishing project work EXCEPT:

When a project manager asks clarifying questions and paraphrases what is being communicated to them,he or she is using ?

The purpose of quality control on projects is to reduce the number of defects in deliverables rather than to improve the project process.

When reporting performance to sponsors and management,it is often helpful to organize the information in terms of three time periods: the past,the current and the future.

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) -Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project schedule performance as of October 31,20XX?

Earned Value (EV)is the authorized budget assigned to the scheduled work to be accomplished.

Which of the following serves as an important guideline concerning project inspections?