Exam 13: Project Evaluation and Control

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

Inspired by his trip to Greece,the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard.His earned value table for the project appears below.Develop a plot that shows the project baseline and earned value through June and comment on the project.

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

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.

The total project cost plotted against the elapsed time in weeks is known as the ________.

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an ongoing project.

Planned value is:

The ________ is the expected total cost of the project when it is done based on performance across the various tasks up to the status date.

Positive variance on an S-curve represents significant project progress.

Five weeks in the semester you have completed 0% of your project management class under the 0/100 rule.

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

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

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

Project Terrace has an actual cost of $3,000,but their earned value (all dollar amounts are in hundreds)table appears below.What is their cost variance?

Under the ________,the farmer didn't count his chickens until all of them had hatched.

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

Use the earned value table to determine the cost performance index given the indicated state of the project.

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

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

Once an activity has been started,it is immediately valued at 50% completed under the ________.