Use the earned value table for Project Makeready to determine the earned value at week 49. \[\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline \text { Activity } & 7 & 14 & 21 & 28 & 35 & 42 & 49 & \text { Plan } & \% / 1 \text { Complete } \\ \hline \text { Install fixtures } & 325 & 250 & & & & & & 575 & 100 \% \\ \hline \text { Refinish floors } & & 550 & 85 & & & & & 635 & 100 \% \\ \hline \text { Replace doors } & & & 350 & 275 & & & & 625 & 100 \% \\ \hline \text { Complete tiling } & & & & 1,200 & 565 & & & 1,765 & 80 \% \\ \hline \text { Install back door } & & & & & 875 & 225 & & 1,100&70 \% \\ \hline \text { Landscaping } & & & & & & 200 & 350 & 550 & 25 \% \\ \hline \text { Monthly Plan } & 325 & 800 & 435 & 1,475 & 1,440 &425 & 350 & 5,250 & \\ \hline \text { Monthly Act } & 550 & 550 & 550 & 1,100 & 1,650 & 550 & 1,100 & & \\ \hline \end{array}\]

A) $4,950 B) $6,050 C) $4,155 D) $5,250 A) $4,950 B) $6,050 C) $4,155 D) $5,250 C

A) The total budget for the project. B) A cost estimate of the budgeted resources across the project's life cycle. C) The real budgeted value of the work that has actually been performed to date. D) The cumulative total costs incurred in accomplishing the various project work packages. A) The total budget for the project. B) A cost estimate of the budgeted resources across the project's life cycle. C) The real budgeted value of the work that has actually been performed to date. D) The cumulative total costs incurred in accomplishing the various project work packages.

Duration (weeks) \[\begin{array} { | l | l | l | l | l | l | l | } \hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \\ \hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \\ \hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \\ \hline \text { Copyright } & & & 4 & 5 & 6 & 100 \% \\ \hline \text { Barmples } & & & 4 & 2 & & 70 \% \\ \hline \text { Toolirg } & & & 6 & 9 & 4 & 50 \% \\ \hline \text { Production } & & & 2 & 6 & 14 & 20 \% \\ \hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \\ \hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \\ \hline \end{array}\] -At the end of week 25,this project has cost $79,000 and has an earned value as indicated in the table.Use the data to calculate the cost performance index for the project.All amounts are in thousands of dollars.

A) 1.11 B) 0.82 C) 0.94 D) 0.90 A) 1.11 B) 0.82 C) 0.94 D) 0.90

Use the data to calculate the schedule performance index for the project for the end of week 20.The earned value as of the end of week 20 is indicated in the table.All amounts are in thousands of dollars. Duration (weeks) \[\begin{array} { | l | l | l | l | l | l | l | } \hline & 5 & 10 & 15 & 20 & 25 & \%\mathrm { Cormp } \\ \hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \\ \hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \\ \hline \text { Copyright } & & & 4 & 5 & 6 & 60 \% \\ \hline \text { Barmples } & & & 4 & 2 & & 100 \% \\ \hline \text { Toolirg } & & & 6 & 9 & 4 & 50 \% \\ \hline \text { Production } & & & 2 & 6 & 14 & 20 \% \\ \hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \\ \hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \\ \hline \end{array}\]

A) 1.14 B) 0.88 C) 0.94 D) 0.81 A) 1.14 B) 0.88 C) 0.94 D) 0.81

A) The total budget for the project. B) A cost estimate of the budgeted resources across the project's life cycle. C) The real budgeted value of the work that has actually been performed to date. D) The cumulative total costs incurred in accomplishing the various project work packages. A) The total budget for the project. B) A cost estimate of the budgeted resources across the project's life cycle. C) The real budgeted value of the work that has actually been performed to date. D) The cumulative total costs incurred in accomplishing the various project work packages.

Exam 13: Project Evaluation and Control

Use the earned value table for Project Makeready to determine the earned value at week 49. Activity 7 14 21 28 35 42 49 Plan \%/1 Complete Install fixtures 325 250 575 100\% Refinish floors 550 85 635 100\% Replace doors 350 275 625 100\% Complete tiling 1,200 565 1,765 80\% Install back door 875 225 1,100 70\% Landscaping 200 350 550 25\% Monthly Plan 325 800 435 1,475 1,440 425 350 5,250 Monthly Act 550 550 550 1,100 1,650 550 1,100

Free

(Multiple Choice)

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Question 1

Correct Answer:

Verified

C

It is possible to measure both positive and negative deviations from the schedule baseline with the tracking Gantt chart.

Free

(True/False)

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Question 2

Correct Answer:

Verified

True

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

Free

(True/False)

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Question 3

Correct Answer:

Verified

False

Planned value is:

(Multiple Choice)

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Question 4

What are drawbacks to a pure S-curve analysis?

(Essay)

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Question 5

What is a tracking Gantt chart and what are the benefits and drawbacks of its use?

(Essay)

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Question 6

If significant deviations from the project plan are detected,corrective action is taken and then:

(Multiple Choice)

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Question 7

A project manager can calculate the projected budget to completion by using the:

(Multiple Choice)

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Question 8

Duration (weeks) 5 10 15 20 25 \% Conceptual desiern 10 6 100\% Craphics desigrl 12 6 4 100\% Copyright 4 5 6 100\% Barmples 4 2 70\% Toolirg 6 9 4 50\% Production 2 6 14 20\% Total 10 18 22 26 24 Currulative 10 28 50 76 100 -At the end of week 25,this project has cost $79,000 and has an earned value as indicated in the table.Use the data to calculate the cost performance index for the project.All amounts are in thousands of dollars.

(Multiple Choice)

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Question 9

Briefly describe the important differences between Earned Value Management and Earned Schedule.Why is Earned Schedule gaining acceptance in project management circles?

(Essay)

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Question 10

Positive variance on an S-curve is not always a sign of significant project progress.

(True/False)

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Question 11

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

(Essay)

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Question 12

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

(Essay)

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Question 13

Use the data to calculate the schedule performance index for the project for the end of week 20.The earned value as of the end of week 20 is indicated in the table.All amounts are in thousands of dollars. Duration (weeks) 5 10 15 20 25 \% Conceptual desiern 10 6 100\% Craphics desigrl 12 6 4 100\% Copyright 4 5 6 60\% Barmples 4 2 100\% Toolirg 6 9 4 50\% Production 2 6 14 20\% Total 10 18 22 26 24 Currulative 10 28 50 76 100

(Multiple Choice)

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Question 14

A recurring problem with establishing accurate or meaningful EVM results has to do with:

(Multiple Choice)

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Question 15

In earned value management,schedule variance is defined as:

(Multiple Choice)

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Question 16

What are any four benefits to using milestones as a form of project control? What advantage do they hold over pure S-curve analysis?

(Essay)

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Question 17

Sketch the project control cycle and discuss the activities that take place in each step.

(Essay)

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Question 18

A project manager needs the work breakdown structure and a time-phased project budget to establish the project baseline.

(True/False)

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Question 19

Earned value is:

(Multiple Choice)

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Question 20

It is possible to measure both positive and negative deviations from the schedule baseline with the tracking Gantt chart.

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

Planned value is:

What are drawbacks to a pure S-curve analysis?

What is a tracking Gantt chart and what are the benefits and drawbacks of its use?

If significant deviations from the project plan are detected,corrective action is taken and then:

A project manager can calculate the projected budget to completion by using the:

Briefly describe the important differences between Earned Value Management and Earned Schedule.Why is Earned Schedule gaining acceptance in project management circles?

Positive variance on an S-curve is not always a sign of significant project progress.

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

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

A recurring problem with establishing accurate or meaningful EVM results has to do with:

In earned value management,schedule variance is defined as:

What are any four benefits to using milestones as a form of project control? What advantage do they hold over pure S-curve analysis?

Sketch the project control cycle and discuss the activities that take place in each step.

A project manager needs the work breakdown structure and a time-phased project budget to establish the project baseline.

Earned value is:

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Closeout and Termination

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