Exam 13: Progress and Performance Measurement and Evaluation

A tool used to monitor past project schedule performance and current performance,and to estimate future schedule trends is a simple line chart known as a

What is the percent complete rule and what role does it play when developing an earned value cost/schedule system?

Baseline costs typically include labor,equipment,materials and direct overhead cost.

In calculating schedule variance and cost variance,a negative variance indicates a desirable condition,and a positive variance suggests problems.

Jessica just received the following information on her project: PV = 200,EV = 300,AC = 250,BAC = 1500,EAC = 1208.In terms of cost at completion.

Which of the following is NOT true regarding scope creep?

The indicator that tells you the amount each remaining dollar must earn in order for the project to stay within budget is the

Identify and describe two methods for tracking and trending schedule performance.

A project manager learns that her project has an EV of 1200,AC of 1100 and PV of 1000.What can the project manager report regarding this project?

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

________ holds people accountable,prevents small problems from mushrooming into large problems,and keeps focus.

The ________ variance is the difference between the earned value and the actual costs for the work completed to date.

The final step in the project control process for measuring and evaluating project performance is to take appropriate ________.

The project network schedule is derived from the _______ and it serves as the baseline to compare against actual performance.

Which performance index is the most potentially misleading?

The earned value of a project is the

Although it is very difficult to measure,measuring ________ performance is as important as measuring schedule and cost performance.

The best method for assigning costs to the baseline under the 50/50 rule is to establish frequent checkpoints over the duration of the work package and assign completion percentages in dollar terms.

A negative CV indicates the project is ________ budget.

All scope changes that result in increased costs should be avoided.