Exam 14: Determining Project Progress and Results

The Schedule Performance Index (SPI)is a measure of schedule efficiency on a project.

Detailed project progress should be reported to stakeholders and clients frequently - typically on a daily basis.

While the project is underway,effective information distribution often requires the project manager and team to accomplish all of the following activities EXCEPT:

The concept behind a balanced scorecard is that an organization needs to be evaluated along supplier,external business,risk and human resource perspectives.

Some scope changes start as proposed changes to cost or schedule,just as some changes to cost or schedule start as proposed scope changes.

Describe the essential aspects of integrated change control.

Inspection is keeping errors out of process while prevention is trying to find errors so they do not get to the customer.

Describe how you would adopt a balanced score card approach to evaluate your project performance. Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify.

Your most recent project performance report indicates that your cumulative Schedule Performance Index (SPI)is .85 and your cumulative Cost Performance Index (CPI)is .90. What conclusions can you draw from these performance indices? What actions might you take to address project performance based on these results?

Two types of control are used extensively on projects: steering control and go / no go control.

The Budget at Completion (BAC)is the sum of all budgeted values established for the work to be performed on a project.As such it is equivalent to:

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) -Consider the project performance report presented in figure 14.1. As a project manager,these results should lead you to...

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) -Consider the project performance report presented in figure 14.1. Your analyst has determined that your estimate to complete (ETC)is $226,000. Based on your performance to date and assuming future performance will proceed at the same level of efficiency as past performance,what is your estimate at completion (EAC)?

Which of the following tools is displayed as a special type of scatter diagram used to see how a variable of interest changes over time?

Meetings and reports are two common approaches that project managers can adopt to report project performance to sponsors,management and clients.

When project managers authorize project work,they should empower others to the extent possible,yet control to the extent necessary.

Which of the following are appropriate lessons that should guide the information distribution practices of project managers in the information age?

All of the following accurately apply to project performance reporting EXCEPT:

Which of the following measures is best suited for determining whether the project is on,ahead or behind schedule?

Report Performance is the process of collecting and distributing performance information and typically includes all of the following EXCEPT: