Exam 14: Determining Project Progress and Results

All of the following accurately describe earned value management EXCEPT:

In order to determine that a project is progressing adequately,a project manager could use a balanced scorecard approach to evaluate the organization along supplier,external business,risk and human resource perspectives.

A tolerance limit is what the customer will accept,whereas a control limit reflects what the process can consistently deliver when things are behaving normally.

Project managers interested in controlling quality on projects will often concentrate upon project inputs.Which of the following are important considerations for the project managers concentrating on inputs to ensure project quality?

Control quality generally includes all of the following EXCEPT:

One useful method of process improvement involves consideration of how another organization performs a process with an eye toward determining how to improve your own performance.This method is known as:

Your most recent project performance report indicates that your cumulative Schedule Performance Index (SPI)is .85 and your cumulative Cost Performance Index (CPI)is .90.What conclusions can you draw from these performance indices? What actions might you take to address project performance based on these results?

It is often costly,difficult or even impossible to inspect an entire sample.When that is the case,it is best to inspect the population.

Project managers should empower team members to the extent possible,yet control to the extent necessary.

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31,20XX) -Consider the project performance report presented in figure 14.1.What valid conclusion can you draw regarding the project schedule performance as of October 31,20XX?

In a control chart,a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention.

Describe the three different categories of risk events that occur during the control risk process,and some of the risk resolution strategies that might be used for each.

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31,20XX) -Consider the project performance report presented in figure 14.1.As a project manager,these results should lead you to...

The Cost Variance (CV)is a measure of cost efficiency of budgeted resources on a project,expressed as the ratio of earned value (EV)to actual cost (AC).

While the manage communications process is underway,effective information distribution often requires the project manager and team to accomplish all of the following activities EXCEPT:

When reporting performance to sponsors and management,it is often helpful to organize the information in terms of three time horizons: past,current and future.

In agile projects,communication is frequent and rapid.Progress report meetings are held every morning as brief 15 minute standup meetings.

The process of reviewing all change requests,approving changes,and managing changes to deliverables,organizational process assets,project documents and project management plan; and communicating their disposition,is known as:

Define integrated change control and briefly explain how it is accomplished in an organization.

Earned Value (EV)is the authorized budget assigned to the scheduled work.