Question 1

Statistical quality control techniques can be helpful for determining what size variances are significant.

Accepted Answer

A) True 
 B)False

Question 2

Why is control difficult?

Accepted Answer

Control is difficult for a number of rea

Question 3

Kimberley, a project manager in a software development company, is assigned a new project. She is given a budget of $500,000 and a span of six months to complete the project. In three months, she is able to complete 50 percent of the project. In this scenario, the earned value of the work completed is _____.

Accepted Answer

A)  $350,000 
B)  $300,000 
C)  $250,000 
D)  $200,000 
E)  $150,000 
A)  $350,000 
B)  $300,000 
C)  $250,000 
D)  $200,000 
E)  $150,000

Question 4

Which of the following is not a tool used to aid the PM in project control?

Accepted Answer

A)  variance analysis 
B)  trend projections 
C)  earned value analysis 
D)  control charts 
E)  discounted cash flow analysis 
A)  variance analysis 
B)  trend projections 
C)  earned value analysis 
D)  control charts 
E)  discounted cash flow analysis

Question 5

List the benefits of reports beyond the purpose of control.

Accepted Answer

In addition to the benefits of reports f

Question 6

List and briefly describe the three distinct types of reports.

Accepted Answer

For projects, there are primarily three

Question 7

Explain why project monitoring and control can be thought to be opposite sides of project selection and planning.

Accepted Answer

Project monitoring and control are, in s

Question 8

It is often the case with particularly challenging or uncertain projects that the planning-monitoring-controlling effort is minimized so that the "real work" can be done.

Accepted Answer

A) True 
 B)False

Question 9

The cost/spending variance is calculated as…

Accepted Answer

A)  AC - EV 
B)  EV- PV 
C)  PV - EV 
D)  AC - PV 
E)  EV - AC 
A)  AC - EV 
B)  EV- PV 
C)  PV - EV 
D)  AC - PV 
E)  EV - AC

Question 10

What actions can you take to help avoid the common problems associated with meetings?

Accepted Answer

The following guidelines can help avoid

Question 11

An important use of data analysis is to identify who to properly blame for poor project performance.

Accepted Answer

A) True 
 B)False

Question 12

Define the terms monitoring and control.

Accepted Answer

Monitoring is the collection, recording,

Question 13

The most important use of data gathered from monitoring is control.

Accepted Answer

A) True 
 B)False

Question 14

A common mistake is to focus too much on results and not enough on the intensity of activity.

Accepted Answer

A) True 
 B)False

Question 15

One way of linking planning and control is to monitor project progress on the MSP Gantt chart.

Accepted Answer

A) True 
 B)False

Question 16

State the formula for CPI. Explain what CPI means and its relevance to monitoring and controlling a project.

Accepted Answer

Cost Performance Index (CPI) is a ratio

Question 17

The plan-monitor-control cycle is best described as…

Accepted Answer

A)  an open loop process 
B)  a closed-loop process 
C)  an ad-hoc process 
D)  an informal process 
E)  a hierarchical process 
A)  an open loop process 
B)  a closed-loop process 
C)  an ad-hoc process 
D)  an informal process 
E)  a hierarchical process

Question 18

Mechanisms to gather and store data rarely need to be designed.

Accepted Answer

A) True 
 B)False

Question 19

Project review meetings are always important.

Accepted Answer

A) True 
 B)False

Question 20

Earned value (EV) of a task is the budgeted cost of the work actually performed.

Accepted Answer

A) True 
 B)False

Statistical quality control techniques can be helpful for determining what size variances are significant.

Why is control difficult?

Which of the following is not a tool used to aid the PM in project control?

List the benefits of reports beyond the purpose of control.

List and briefly describe the three distinct types of reports.

Explain why project monitoring and control can be thought to be opposite sides of project selection and planning.

It is often the case with particularly challenging or uncertain projects that the planning-monitoring-controlling effort is minimized so that the "real work" can be done.

The cost/spending variance is calculated as…

What actions can you take to help avoid the common problems associated with meetings?

An important use of data analysis is to identify who to properly blame for poor project performance.

Define the terms monitoring and control.

The most important use of data gathered from monitoring is control.

A common mistake is to focus too much on results and not enough on the intensity of activity.

One way of linking planning and control is to monitor project progress on the MSP Gantt chart.

State the formula for CPI. Explain what CPI means and its relevance to monitoring and controlling a project.

The plan-monitor-control cycle is best described as…

Mechanisms to gather and store data rarely need to be designed.

Project review meetings are always important.

Earned value (EV) of a task is the budgeted cost of the work actually performed.

The World of Project Management

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Evaluating and Terminating the Project

Filters

Exam 7: Monitoring and Controlling the Project

Statistical quality control techniques can be helpful for determining what size variances are significant.

Why is control difficult?

Which of the following is not a tool used to aid the PM in project control?

List the benefits of reports beyond the purpose of control.

List and briefly describe the three distinct types of reports.

Explain why project monitoring and control can be thought to be opposite sides of project selection and planning.

It is often the case with particularly challenging or uncertain projects that the planning-monitoring-controlling effort is minimized so that the "real work" can be done.

The cost/spending variance is calculated as…

What actions can you take to help avoid the common problems associated with meetings?

An important use of data analysis is to identify who to properly blame for poor project performance.

Define the terms monitoring and control.

The most important use of data gathered from monitoring is control.

A common mistake is to focus too much on results and not enough on the intensity of activity.

One way of linking planning and control is to monitor project progress on the MSP Gantt chart.

State the formula for CPI. Explain what CPI means and its relevance to monitoring and controlling a project.

The plan-monitor-control cycle is best described as…

Mechanisms to gather and store data rarely need to be designed.

Project review meetings are always important.

Earned value (EV) of a task is the budgeted cost of the work actually performed.

The World of Project Management

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Evaluating and Terminating the Project

Filters