Exam 13: Progress and Performance Measurement and Evaluation

When measuring percent complete in the monitoring phase of the project, it is common to limit the amount earned to __________ until the work package is 100 percent complete.

Free

(Short Answer)

4.8/5

(37)

Question 1

Correct Answer:

Verified

80 or 90 percent
Explanation: When measuring percent complete in the monitoring phase of the project, it is common to limit the amount earned to 80 or 90 percent until the work package is 100 percent complete.

The PCIC index measures the project percent complete in relation to the resources that have actually been used so far on the project.

Free

(True/False)

4.8/5

(29)

Question 2

Correct Answer:

Verified

True

A concept of ________ is necessary to get a realistic estimate of performance against a time-phased budget.

Free

(Short Answer)

4.9/5

(33)

Question 3

Correct Answer:

Verified

earned value
Explanation: Earned value is necessary to provide a realistic estimate of performance against a time-phased budget.Earned value (EV) is defined as the budgeted cost of the work performed.

What are Weighted Monitoring Gates and why would you need them?

(Essay)

4.9/5

(41)

Question 4

The best method for assigning costs to the baseline is to establish frequent __________ over the duration of the work package.

(Short Answer)

4.8/5

(35)

Question 5

Small refinements that eventually build to be major changes are known as:

(Multiple Choice)

4.9/5

(32)

Question 6

Briefly describe the general structure of a project monitoring information system for control.

(Essay)

4.9/5

(32)

Question 7

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

(True/False)

4.8/5

(28)

Question 8

Scope Creep refers to any significant changes made in the project once it is underway.

(True/False)

4.9/5

(39)

Question 9

The third step in the project control process of the measurement and evaluation of project performance is to:

(Multiple Choice)

4.9/5

(31)

Question 10

An SPI index of 1.22 indicates that the project is ________ schedule.

(Short Answer)

4.8/5

(42)

Question 11

The original earned value cost/schedule system was pioneered by the U.S.Department of Defense in the 1960s.

(True/False)

4.9/5

(29)

Question 12

The first step in creating a project control system for measuring and evaluating project performance is to ________.

(Short Answer)

4.9/5

(37)

Question 13

Which of the following methods will measure the cost efficiency of the work accomplished to date?

(Multiple Choice)

4.9/5

(38)

Question 14

Which of the following is not true regarding scope creep?

(Multiple Choice)

4.7/5

(34)

Question 15

The last step in the project control process of the measurement and evaluation of project performance is to:

(Multiple Choice)

4.9/5

(36)

Question 16

In reviewing the budget report of a project, you notice that spending on the project is running about ten percent over plan.Is the project in trouble? Why or why not?

(Essay)

4.8/5

(35)

Question 17

The ________ is a tool used to monitor past project schedule performance and current performance and to estimate future schedule trends.

(Short Answer)

4.8/5

(39)

Question 18

Identify and briefly describe the three percent complete rules for placing costs in baselines.

(Essay)

4.9/5

(40)

Question 19

Which of the following will calculate the estimated cost to complete the project?

(Multiple Choice)

4.8/5

(34)

Question 20

Showing 1 - 20 of 88

When measuring percent complete in the monitoring phase of the project, it is common to limit the amount earned to __________ until the work package is 100 percent complete.

The PCIC index measures the project percent complete in relation to the resources that have actually been used so far on the project.

A concept of ________ is necessary to get a realistic estimate of performance against a time-phased budget.

What are Weighted Monitoring Gates and why would you need them?

The best method for assigning costs to the baseline is to establish frequent __________ over the duration of the work package.

Small refinements that eventually build to be major changes are known as:

Briefly describe the general structure of a project monitoring information system for control.

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

Scope Creep refers to any significant changes made in the project once it is underway.

The third step in the project control process of the measurement and evaluation of project performance is to:

An SPI index of 1.22 indicates that the project is ________ schedule.

The original earned value cost/schedule system was pioneered by the U.S.Department of Defense in the 1960s.

The first step in creating a project control system for measuring and evaluating project performance is to ________.

Which of the following methods will measure the cost efficiency of the work accomplished to date?

Which of the following is not true regarding scope creep?

The last step in the project control process of the measurement and evaluation of project performance is to:

In reviewing the budget report of a project, you notice that spending on the project is running about ten percent over plan.Is the project in trouble? Why or why not?

The ________ is a tool used to monitor past project schedule performance and current performance and to estimate future schedule trends.

Identify and briefly describe the three percent complete rules for placing costs in baselines.

Which of the following will calculate the estimated cost to complete the project?

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

Filters