Question 1

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

Accepted Answer

A) Set a baseline plan. 
B) Determine the project objectives. 
C) Determine the project deliverables. 
D) Analyze the project budget. 
E) Review the project priority matrix. 
A) Set a baseline plan. 
B) Determine the project objectives. 
C) Determine the project deliverables. 
D) Analyze the project budget. 
E) Review the project priority matrix.

Question 2

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

Accepted Answer

Schedule variance presents an overall as

Question 3

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

Accepted Answer

Scope creep is small refinements that ev

Question 4

The start of a task may be moved on a Tracking Gantt due to

Accepted Answer

A) Increase in Earned Value. 
B) Lack of an update Control Chart. 
C) A predecessor task starting late. 
D) Increase in Earned Value and Lack of an update Control Chart. 
A) Increase in Earned Value. 
B) Lack of an update Control Chart. 
C) A predecessor task starting late. 
D) Increase in Earned Value and Lack of an update Control Chart.

Question 5

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 ____________ rule.

Accepted Answer

percent complete
Explanation: The percen

Question 6

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

Accepted Answer

A) True 
 B)False

Question 7

A common project practice is to ignore straight labor hours when calculating Earned Value.

Accepted Answer

A) True 
 B)False

Question 8

The _________ index measures the project percent complete in relation to the resources that were budgeted.

Accepted Answer

PCIB
Explanation: The PCIB ind

Question 9

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

Accepted Answer

The percent complete rule is used when s

Question 10

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

Question 11

Which of the following are required to assess the current status of a project using the earned-value cost/schedule system?

Accepted Answer

A) BAC, EAC, and ETC 
B) VAC, EAC, and BAC 
C) CV, SV, and BAC 
D) PV, EV, and AC 
E) TCPI, EV, and PV 
A) BAC, EAC, and ETC 
B) VAC, EAC, and BAC 
C) CV, SV, and BAC 
D) PV, EV, and AC 
E) TCPI, EV, and PV

Question 12

Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work.Nancy got this information from viewing the

Accepted Answer

A) SV. 
B) TCPI. 
C) CPI. 
D) SPI. 
E) PCIB. 
A) SV. 
B) TCPI. 
C) CPI. 
D) SPI. 
E) PCIB.

Question 13

Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

Accepted Answer

A) BAC 
B) EAC 
C) ETC 
D) VAC 
E) TCPI 
A) BAC 
B) EAC 
C) ETC 
D) VAC 
E) TCPI

Question 14

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.

Accepted Answer

A) True 
 B)False

Question 15

Most changes will not result in serious scope changes and should be absorbed as positive or negative variances.

Accepted Answer

A) True 
 B)False

Question 16

Sally receives the following information on her project: PV = 100, AC = 75, EV = 100.How well is the project doing in terms of budget?

Accepted Answer

A) Right on budget 
B) 25 under budget 
C) 25 over budget 
D) 50 under budget 
E) 50 over budget 
A) Right on budget 
B) 25 under budget 
C) 25 over budget 
D) 50 under budget 
E) 50 over budget

Question 17

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 18

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

Accepted Answer

Control by "wandering around" and/or "in

Question 19

A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

Accepted Answer

A) True 
 B)False

Question 20

Schedule variance measures progress in time units.

Accepted Answer

A) True 
 B)False

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

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

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

The start of a task may be moved on a Tracking Gantt due to

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 ____________ rule.

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

A common project practice is to ignore straight labor hours when calculating Earned Value.

The _________ index measures the project percent complete in relation to the resources that were budgeted.

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

The schedule variance for a project is calculated by:

Which of the following are required to assess the current status of a project using the earned-value cost/schedule system?

Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work.Nancy got this information from viewing the

Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

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

Most changes will not result in serious scope changes and should be absorbed as positive or negative variances.

Sally receives the following information on her project: PV = 100, AC = 75, EV = 100.How well is the project doing in terms of budget?

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.

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

A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

Schedule variance measures progress in time units.

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Project Closure

International Projects

An Introduction to Agile Project Management

Filters

Exam 13: Progress and Performance Measurement and Evaluation

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

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

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

The start of a task may be moved on a Tracking Gantt due to

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 ____________ rule.

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

A common project practice is to ignore straight labor hours when calculating Earned Value.

The _________ index measures the project percent complete in relation to the resources that were budgeted.

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

The schedule variance for a project is calculated by:

Which of the following are required to assess the current status of a project using the earned-value cost/schedule system?

Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work.Nancy got this information from viewing the

Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

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.

Most changes will not result in serious scope changes and should be absorbed as positive or negative variances.

Sally receives the following information on her project: PV = 100, AC = 75, EV = 100.How well is the project doing in terms of budget?

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.

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

A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

Schedule variance measures progress in time units.

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Project Closure

International Projects

An Introduction to Agile Project Management

Filters

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