Exam 13: Progress and Performance Measurement and Evaluation

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The ________ rule assumes credit is earned for having performed the work once it is completed.This rule is usually used for work packages having very short durations.

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Schedule variance (SV)is in dollars and does not directly represent time.Why is it still useful?

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All projects need some form of formal control.Agree or disagree? Support you answer.

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The cost variance for a project is calculated by

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A project manager learns that the project is only earning $.90 of planned work for each dollar spent by looking at the

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When revising the estimated cost at completion,there are two approaches.The EACre is determined by experts in the field and the EACf is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

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________ is simply the percent complete times the original budget.

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Schedule variance measures progress in time units.

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