Question 1

The schedule variance for a project is calculated by:

Accepted Answer

A)  EV - AC 
B)  AC - SV 
C)  PV - EV 
D)  CV - EV 
E)  EV - PV 
A)  EV - AC 
B)  AC - SV 
C)  PV - EV 
D)  CV - EV 
E)  EV - PV E

Question 2

In monitoring project time (schedule)performance,actual performance should be compared to

Accepted Answer

A)  Budgets for the current year. 
B)  Top management's targets. 
C)  Project network schedule derived from the WBS/OBS. 
D)  Progress on similar past projects. 
E)  Previous status reports. 
A)  Budgets for the current year. 
B)  Top management's targets. 
C)  Project network schedule derived from the WBS/OBS. 
D)  Progress on similar past projects. 
E)  Previous status reports. C

Question 3

What is scope creep and how does it impact project control?

Accepted Answer

Answer will vary

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

What is a "rubber baseline" and how does it undermine project control?

Accepted Answer

The answer of What is a "rubber baseline" and how...

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

A negative VAC indicates that the project will be completed over budget.

Accepted Answer

A) True 
 B)False

Question 9

The ________ variance is the difference between the earned value to date and the baseline schedule.

Accepted Answer

schedule
Explanation: Schedule

Question 10

The value that tells you the planned value of work that has actually been completed is the

Accepted Answer

A)  SV. 
B)  PV. 
C)  EV. 
D)  AC. 
E)  CV. 
A)  SV. 
B)  PV. 
C)  EV. 
D)  AC. 
E)  CV.

Question 11

The second step in the project control process for measuring and evaluating project performance is to

Accepted Answer

A)  Review the baseline plan with top management. 
B)  Analyze inputs to control system. 
C)  Compare plan against actual. 
D)  Measure progress and performance. 
E)  Review spending with team members. 
A)  Review the baseline plan with top management. 
B)  Analyze inputs to control system. 
C)  Compare plan against actual. 
D)  Measure progress and performance. 
E)  Review spending with team members.

Question 12

Of the following costs,which are NOT included in baseline?

Accepted Answer

A)  Suppliers 
B)  Equipment 
C)  Labor 
D)  Budget reserves 
E)  Contractors 
A)  Suppliers 
B)  Equipment 
C)  Labor 
D)  Budget reserves 
E)  Contractors

Question 13

The value that tells you the planned value of the actual work completed is ___________.

Accepted Answer

earned value
Explanation: Earn

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Rachel notices that the current EV for her project is higher than both the PV and the AC.Rachel has reason to be concerned.

Accepted Answer

A) True 
 B)False

Question 16

Given a BAC of 5,500 and an EAC of 6,000,the project is expected to be completed _________ budget.

Accepted Answer

over
Explanation: The BAC indicates the

Question 17

The final step in the project control process for measuring and evaluating project performance is to

Accepted Answer

A)  Take appropriate action. 
B)  Prepare a report to top management. 
C)  Follow up on corrective action. 
D)  Measure progress and performance. 
E)  Review spending with team members. 
A)  Take appropriate action. 
B)  Prepare a report to top management. 
C)  Follow up on corrective action. 
D)  Measure progress and performance. 
E)  Review spending with team members.

Question 18

Conducting an earned value analysis requires three data elements.Identify the acronyms for each and describe what they are.

Accepted Answer

The answer of Conducting an earned value analysis requires three...

Question 19

Baseline project budgets are derived from

Accepted Answer

A)  The organization's overall budget. 
B)  Time-phasing the work packages. 
C)  Top management directions. 
D)  The total direct,direct project overhead and G&A overhead costs. 
E)  The earned value system. 
A)  The organization's overall budget. 
B)  Time-phasing the work packages. 
C)  Top management directions. 
D)  The total direct,direct project overhead and G&A overhead costs. 
E)  The earned value system.

Question 20

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains,they are creating a method for assigning costs to the baseline called the

Accepted Answer

A)  0/100 percent rule. 
B)  Task complete rule. 
C)  Degree complete rule. 
D)  Work complete rule. 
E)  Percent complete rule. 
A)  0/100 percent rule. 
B)  Task complete rule. 
C)  Degree complete rule. 
D)  Work complete rule. 
E)  Percent complete rule.

The schedule variance for a project is calculated by:

In monitoring project time (schedule)performance,actual performance should be compared to

What is scope creep and how does it impact project control?

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

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

What is a "rubber baseline" and how does it undermine project control?

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

A negative VAC indicates that the project will be completed over budget.

The ________ variance is the difference between the earned value to date and the baseline schedule.

The value that tells you the planned value of work that has actually been completed is the

The second step in the project control process for measuring and evaluating project performance is to

Of the following costs,which are NOT included in baseline?

The value that tells you the planned value of the actual work completed is ___________.

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

Rachel notices that the current EV for her project is higher than both the PV and the AC.Rachel has reason to be concerned.

Given a BAC of 5,500 and an EAC of 6,000,the project is expected to be completed _________ budget.

The final step in the project control process for measuring and evaluating project performance is to

Conducting an earned value analysis requires three data elements.Identify the acronyms for each and describe what they are.

Baseline project budgets are derived from

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains,they are creating a method for assigning costs to the baseline called the

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

Exam 13: Progress and Performance Measurement and Evaluation

The schedule variance for a project is calculated by:

In monitoring project time (schedule)performance,actual performance should be compared to

What is scope creep and how does it impact project control?

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

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

What is a "rubber baseline" and how does it undermine project control?

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

A negative VAC indicates that the project will be completed over budget.

The ________ variance is the difference between the earned value to date and the baseline schedule.

The value that tells you the planned value of work that has actually been completed is the

The second step in the project control process for measuring and evaluating project performance is to

Of the following costs,which are NOT included in baseline?

The value that tells you the planned value of the actual work completed is ___________.

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

Rachel notices that the current EV for her project is higher than both the PV and the AC.Rachel has reason to be concerned.

Given a BAC of 5,500 and an EAC of 6,000,the project is expected to be completed _________ budget.

The final step in the project control process for measuring and evaluating project performance is to

Conducting an earned value analysis requires three data elements.Identify the acronyms for each and describe what they are.

Baseline project budgets are derived from

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains,they are creating a method for assigning costs to the baseline called the

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