Exam 14: Determining Project Progress and Results

With respect to performance reporting,which of these are the actual and raw observations and measurements gathered during execution of project activities? 

Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control.

The purpose of a check sheet is to quickly understand the primary causes of a particular problem using the 80/20 rule.

This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box,by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteration.​ 

Quality control activities generally include all of the following EXCEPT:​ 

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.

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...​ 

One useful method of process improvement involves consideration of how another organization performs a process,identifying and analyzing best practices for improvement ideas.This method is known as:​ 

A quality audit is a project management and quality tool that is a structured process to ensure project activities comply with organizational policies.

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks,identifying new risks,monitoring residual risks,and evaluating the effectiveness of the risk response process throughout the project.

The Cost Variance (CV)is a cost performance measure expressed as the ratio of earned value (EV)to actual cost (AC).

Earned Value (EV)is the approved value of the work to be completed in a given time.

The control quality process deals with using correct policies and convincing stakeholders that the project team is capable of producing good output.

In a control chart,a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention.

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

In order to determine that a project is progressing adequately,a project manager could use a balanced scorecard approach to evaluate the organization along supplier,external business,risk and human resource perspectives.

When reporting performance to sponsors and management,it is often helpful to organize the information in terms of three time horizons: past,current and future.

Some organizations rely upon a formal group authorized and responsible for reviewing,evaluating,approving,delaying,or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process.This group is typically known as a:​ 

The Schedule Performance Index (SPI)is a schedule performance measure expressed as the ratio of earned value (EV)to planned value (PV).

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