Exam 13: Progress and Performance Measurement and Evaluation

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In calculating schedule variance and cost variance, a negative variance indicates a desirable condition, and a positive variance suggests problems.

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A CPI index of 1.11 indicates that the project has spent less money than earned.

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All scope changes that result in increased costs should be avoided.

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A Cost / Schedule graph can be interpreted using ___________ for its vertical axis and _______ for its horizontal axis.

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A project manager learns that his project has an EV of 1,500, AC of 1,100 and PV of 1,400. What can the project manager report regarding this project?

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A "rubber baseline" occurs when, in an effort to disguise poor performance, the baseline changes to constantly match results.

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Taking action in the four steps for measuring and evaluating project performance can only happen after _________.

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The start of a task may be moved on a tracking Gantt due to

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An undesirable schedule variance always indicates that the project is running behind schedule.

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The value that tells you how much work has been completed in dollars of value is ___________.

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In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information.

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Deciding what data to collect, collecting the data and analyzing it, and reporting this data are all parts of structuring a project monitoring information system.

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A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

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A project can have a negative schedule variance and still be ahead of schedule when

(Multiple Choice)
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A team leader tells the project manager that as of right now, $1.20 worth of work has been accomplished for each $1 worth of scheduled work. The team leader got this information from viewing the

(Multiple Choice)
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A project manager notices that the current EV for his project is lower than both the PV and the AC. He has reason to be concerned about the underperforming project.

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A tool used to monitor past project schedule performance and current performance, and to estimate future schedule trends is a simple line chart known as a

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Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

(Multiple Choice)
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