Exam 13: Project Evaluation and Control

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Use the earned value table for Project Makeready to calculate the estimated cost to completion. Activity 7 14 21 28 35 42 49 plan 8 Complete Irstall 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\% Irstall back door 875 225 1,100 70\% Landscaping 200 350 550 25\% Monthly Plarn 325 800 435 1,475 1,440 425 350 5,250 Monthly Act 550 550 550 1,100 1,650 550 1,100

Identify a different key success driver and inhibitor for the project stages of formation,build-up,main phase,and close-out.

At the end of week 10,this project has cost $9,000 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. Duration (weeks) 5 10 15 20 25 \% Cornp Conceptual desigri 10 6 100\% Craphics desigrl 12 6 4 30\% Copyright 4 5 6 0\% Barnples 4 2 0\% Toolirg 6 9 4 0\% Production 2 6 14 0\% Total 10 18 22 26 24 Currulative 10 28 50 76 100

If an activity's progress is defined as 0% until the activity is complete,the project manager is using:

Knowing the correct steps to take once problems develop is a function of a team's:

Describe the "flow" of the earned value management system utilized by Northrum Grumman.

Earned value management jointly considers the impact of:

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

The one factor that earned value management considers that an S-curve does not include is performance.

Use the earned value table for Project Makeready to calculate their schedule performance index. Activity 7 14 21 28 35 42 49 plan 8 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

Once an activity is begun,it is assumed to be half done under the:

Each activity contained a series of milestones that represented a previously agreed-upon amount of work.Once the low graffiti was erased,35% of the activity had been completed and once the mid-level graffiti was erased,70% of the activity had been completed.This project manager was clearly in the:

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

An excellent way to coordinate schedules with vendors and suppliers is through the use of:

-Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Milestones are generally considered to be:

The first step in earned value management is to:

Inspired by his trip to Greece,the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard.His earned value table for the project appears below.At the end of June,what was the estimated time to completion and the estimated cumulative cost to completion? \% Earned Activity Jan Feb Mar Apr May Jun Jul Plan Complete Value Grading 500 150 650 100\% 650 Footings 200 150 350 100\% 350 Foundation 800 300 1,100 80\% 880 Masonry 300 300 200 800 70\% 560 Interior 700 2,000 2,700 50\% 1,350 Pump Install 3,000 3,000 40\% 1,200 Painting 350 400 750 25\% 188 Monthly Plan 500 350 950 600 1,000 2,550 3,400 9,350 5,178 Cumulative 500 850 1,800 2,400 3,400 5,950 9,350 Monthly Actual 600 400 900 800 800 2,800 0 Cumulative Actual 600 1,000 1,900 2,700 3,500 6,300

The project control cycle is continuous.