Exam 13: Progress and Performance Measurement and Evaluation

A project manager receives the following information on his project: PV = 4,500, AC =4,000, EV = 5,000. How well is the project doing in terms of budget?

(Multiple Choice)

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Question 21

What is a "rubber baseline" and how does it undermine project control?

(Essay)

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Question 22

Baseline project budgets are derived from

(Multiple Choice)

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Question 23

The baseline is derived from merging information from the work packages with the project network.

(True/False)

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Question 24

A project manager notices that $5,560 worth of work that was scheduled to be completed at this time has not been accomplished. She knows this by looking at the

(Multiple Choice)

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Question 25

The schedule variance is the best way to get an accurate assessment of schedule performance.

(True/False)

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Question 26

In monitoring project time (schedule) performance, actual performance should be compared to

(Multiple Choice)

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Question 27

Schedule variance measures progress in time units.

(True/False)

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Question 28

Conducting an earned value analysis requires three data elements. Identify the acronyms for each and describe what they are.

(Short Answer)

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Question 29

The third step in the project control process for measuring and evaluating project performance is to

(Multiple Choice)

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Question 30

Although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance.

(True/False)

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Question 31

A negative CV indicates the project is currently ________ budget.

(Multiple Choice)

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Question 32

The earned value system starts with the time-phased costs that provide the project baseline, which is called the

(Multiple Choice)

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Question 33

Which of the following are required to assess the current status of a project using the earned-value cost / schedule system?

(Multiple Choice)

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Question 34

The chief financial officer receives the following information on a project: PV = 10,000, EV = 12,000, AC = 8,000, BAC = 20,000, EAC = 13,333. How is the project doing in terms of schedule?

(Multiple Choice)

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(32)

Question 35

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

(True/False)

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Question 36

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

(True/False)

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Question 37

Conditions or scope can change during execution, which, in turn, will require a change to the __________ plan to recognize the new information.

(Multiple Choice)

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Question 38

When revising the estimated cost at completion, there are two approaches. The EAC_re is determined by experts in the field and the EAC_fis a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

(True/False)

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Question 39

The project network schedule is derived from the _______ and it serves as the baseline to compare against actual performance.

(Multiple Choice)

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Question 40

Showing 21 - 40 of 98

A project manager receives the following information on his project: PV = 4,500, AC =4,000, EV = 5,000. How well is the project doing in terms of budget?

What is a "rubber baseline" and how does it undermine project control?

Baseline project budgets are derived from

The baseline is derived from merging information from the work packages with the project network.

A project manager notices that $5,560 worth of work that was scheduled to be completed at this time has not been accomplished. She knows this by looking at the

The schedule variance is the best way to get an accurate assessment of schedule performance.

In monitoring project time (schedule) performance, actual performance should be compared to

Schedule variance measures progress in time units.

Conducting an earned value analysis requires three data elements. Identify the acronyms for each and describe what they are.

The third step in the project control process for measuring and evaluating project performance is to

Although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance.

A negative CV indicates the project is currently ________ budget.

The earned value system starts with the time-phased costs that provide the project baseline, which is called the

Which of the following are required to assess the current status of a project using the earned-value cost / schedule system?

The chief financial officer receives the following information on a project: PV = 10,000, EV = 12,000, AC = 8,000, BAC = 20,000, EAC = 13,333. How is the project doing in terms of schedule?

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

Conditions or scope can change during execution, which, in turn, will require a change to the __________ plan to recognize the new information.

When revising the estimated cost at completion, there are two approaches. The EAC_re is determined by experts in the field and the EAC_fis a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

The project network schedule is derived from the _______ and it serves as the baseline to compare against actual performance.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Project Closure

Agile Project Management

International Projects

Filters

Exam 13: Progress and Performance Measurement and Evaluation

A project manager receives the following information on his project: PV = 4,500, AC =4,000, EV = 5,000. How well is the project doing in terms of budget?

What is a "rubber baseline" and how does it undermine project control?

Baseline project budgets are derived from

The baseline is derived from merging information from the work packages with the project network.

A project manager notices that $5,560 worth of work that was scheduled to be completed at this time has not been accomplished. She knows this by looking at the

The schedule variance is the best way to get an accurate assessment of schedule performance.

In monitoring project time (schedule) performance, actual performance should be compared to

Schedule variance measures progress in time units.

Conducting an earned value analysis requires three data elements. Identify the acronyms for each and describe what they are.

The third step in the project control process for measuring and evaluating project performance is to

Although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance.

A negative CV indicates the project is currently ________ budget.

The earned value system starts with the time-phased costs that provide the project baseline, which is called the

Which of the following are required to assess the current status of a project using the earned-value cost / schedule system?

The chief financial officer receives the following information on a project: PV = 10,000, EV = 12,000, AC = 8,000, BAC = 20,000, EAC = 13,333. How is the project doing in terms of schedule?

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

Conditions or scope can change during execution, which, in turn, will require a change to the __________ plan to recognize the new information.

When revising the estimated cost at completion, there are two approaches. The EACre is determined by experts in the field and the EACf is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

The project network schedule is derived from the _______ and it serves as the baseline to compare against actual performance.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Project Closure

Agile Project Management

International Projects

Filters

When revising the estimated cost at completion, there are two approaches. The EAC_re is determined by experts in the field and the EAC_fis a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.