Question 1

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Accepted Answer

A)  A metric system. 
B)  Goal-performance linkage. 
C)  Five degrees of separation. 
D)  Gap analysis. 
A)  A metric system. 
B)  Goal-performance linkage. 
C)  Five degrees of separation. 
D)  Gap analysis.

Question 2

The Project Implementation Profile includes this critical success factor.

Accepted Answer

A)  Task interdependence 
B)  Continuous quality improvement 
C)  Self-actualization 
D)  Technical tasks 
A)  Task interdependence 
B)  Continuous quality improvement 
C)  Self-actualization 
D)  Technical tasks

Question 3

The one factor that earned value management considers that an S-curve does not include is performance.

Accepted Answer

A) True 
 B)False

Question 4

The earned value to date divided by the planned value of work scheduled to be performed is the:

Accepted Answer

A)  Cost performance index. 
B)  Budgeted cost at completion index. 
C)  Budget efficiency index. 
D)  Schedule performance index. 
A)  Cost performance index. 
B)  Budgeted cost at completion index. 
C)  Budget efficiency index. 
D)  Schedule performance index.

Question 5

If an activity's progress is defined as 0% until the activity is complete,the project manager is using:

Accepted Answer

A)  The 50/50 rule. 
B)  The all or nothing rule. 
C)  The 0/100 rule. 
D)  The Do Not Pass Go rule. 
A)  The 50/50 rule. 
B)  The all or nothing rule. 
C)  The 0/100 rule. 
D)  The Do Not Pass Go rule.

Question 6

Project goal setting includes setting a baseline plan,which is predicated on:

Accepted Answer

A)  The progress measurement. 
B)  An accurate work breakdown structure. 
C)  The type of gap analysis the project team plans to use. 
D)  The budget and schedule limitations. 
A)  The progress measurement. 
B)  An accurate work breakdown structure. 
C)  The type of gap analysis the project team plans to use. 
D)  The budget and schedule limitations.

Question 7

Funding problems are a key success inhibitor in the:

Accepted Answer

A)  Build-up phase. 
B)  Close-out phase. 
C)  Main phase. 
D)  Formation phase. 
A)  Build-up phase. 
B)  Close-out phase. 
C)  Main phase. 
D)  Formation phase.

Question 8

Sketch the project control cycle and discuss the activities that take place in each step.

Accepted Answer

The project control cycle consists of se

Question 9

If significant deviations from the project plan are detected,corrective action is taken and then:

Accepted Answer

A)  The monitoring and control cycle begins anew. 
B)  Project goals are adjusted to reflect current reality. 
C)  The project stakeholders are informed of the budget or time difficulties. 
D)  The critical chain is reviewed for task dependency. 
A)  The monitoring and control cycle begins anew. 
B)  Project goals are adjusted to reflect current reality. 
C)  The project stakeholders are informed of the budget or time difficulties. 
D)  The critical chain is reviewed for task dependency.

Question 10

Use the information in the table regarding this seven-month project to create two plots.The first plot should be the S-curve for Earned Value.Indicate on this plot whether the project is ahead or behind schedule and by how much.The second plot should be the Earned Schedule and the Estimate at Completion for Time.Comment on the symmetry of this graph and whether you would expect a similar plot from any other project to exhibit similar characteristics. $\begin{array}{|l|l|l|l|l|l|l|l} 
& \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \
\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \
\hline \mathbb{E V}(\$) & \$ 140 & \$ 280 & \$ 480 & \$ 800 & \$ 1,280 & \$ 1,975 & \$ 2,950 \
\hline
\end{array}$

Accepted Answer

The Earned Schedule table appears below.

Question 11

Use this earned schedule table to determine the schedule variance ($)for this project at the end of Month 6. $\begin{array}{l|l|l|l|l|l|l|l} 
& \text { Month } 1 & \text { Month 2 } & \text { Month 3 } & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \
\hline \mathrm{PV}(\$) & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \
\hline \mathrm{EV}(\$) & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0
\end{array}$

Accepted Answer

A)  -$1,460 
B)  -$865 
C)  $865 
D)  $2325 
A)  -$1,460 
B)  -$865 
C)  $865 
D)  $2325

Question 12

What is earned value management and how can it be used to monitor project status?

Accepted Answer

Earned Value Management (EVM)is a projec

Question 13

What are the inputs and the steps in applying earned value management as a project management tool?

Accepted Answer

The two pieces of data required to imple

Question 14

What is a tracking Gantt chart and what are the benefits and drawbacks of its use?

Accepted Answer

A tracking Gantt chart is a Gantt chart

Question 15

The first step in earned value management is to:

Accepted Answer

A)  Create the activity and resource usage schedules. 
B)  Develop a time-phased budget that shows expenditures across the project's life. 
C)  Total the actual costs of doing each task to arrive at the actual cost of work performed. 
D)  Clearly define each activity that will be performed including its resource needs and budget. 
A)  Create the activity and resource usage schedules. 
B)  Develop a time-phased budget that shows expenditures across the project's life. 
C)  Total the actual costs of doing each task to arrive at the actual cost of work performed. 
D)  Clearly define each activity that will be performed including its resource needs and budget.

Question 16

Inspired by his trip to Greece,the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard.His earned value table for the project appears below.At the end of June,what was the estimated time to completion and the estimated cumulative cost to completion?

Accepted Answer

At the end of June,the PV=5950

Question 17

At the end of week 10,this project has cost $9,000 and has an earned value as indicated in the table.Use the data to calculate the cost performance index for the project.All amounts are in thousands of dollars. $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline & { \text { Duration (weeks) } } & \
\hline & 5 & 10 & 15 & 20 & 25 & \% \text { Comp } \
\hline \text { Conceptual Design } & 10 & 6 & & & & 100 \% \
\hline \text { Graphics Design } & & 12 & 6 & 4 & & 30 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 0 \% \
\hline \text { Samples } & & & 4 & 2 & & 0 \% \
\hline \text { Tooling } & & & 6 & 9 & 4 & 0 \% \
\hline \text { Production } & 10 & 18 & 2 & 6 & 14 & 0 \% \
\hline \text { Total } & 10 & 28 & 50 & 76 & 100 & \
\hline \text { Cumulative } & & & 22 & 26 & 24 & \
\hline
\end{array}$$

Accepted Answer

A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5 
A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5

Question 18

A tracking Gantt chart:

Accepted Answer

A)  Monitors costs and budget expenditures. 
B)  Identifies key points in the project's progress. 
C)  Identifies the stage of completion for each task. 
D)  Identifies the performance to budget for the overall project by a certain date. 
A)  Monitors costs and budget expenditures. 
B)  Identifies key points in the project's progress. 
C)  Identifies the stage of completion for each task. 
D)  Identifies the performance to budget for the overall project by a certain date.

Question 19

Since a project may get ahead of or fall behind schedule,a calendar date cannot be a milestone.

Accepted Answer

A) True 
 B)False

Question 20

A project manager that uses milestones as a project control device is using a:

Accepted Answer

A)  Proactive control system. 
B)  Predictive control system. 
C)  Feedback control system. 
D)  Reactive control system. 
A)  Proactive control system. 
B)  Predictive control system. 
C)  Feedback control system. 
D)  Reactive control system.

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

The Project Implementation Profile includes this critical success factor.

The one factor that earned value management considers that an S-curve does not include is performance.

The earned value to date divided by the planned value of work scheduled to be performed is the:

If an activity's progress is defined as 0% until the activity is complete,the project manager is using:

Project goal setting includes setting a baseline plan,which is predicated on:

Funding problems are a key success inhibitor in the:

Sketch the project control cycle and discuss the activities that take place in each step.

If significant deviations from the project plan are detected,corrective action is taken and then:

What is earned value management and how can it be used to monitor project status?

What are the inputs and the steps in applying earned value management as a project management tool?

What is a tracking Gantt chart and what are the benefits and drawbacks of its use?

The first step in earned value management is to:

Inspired by his trip to Greece,the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard.His earned value table for the project appears below.At the end of June,what was the estimated time to completion and the estimated cumulative cost to completion?

A tracking Gantt chart:

Since a project may get ahead of or fall behind schedule,a calendar date cannot be a milestone.

A project manager that uses milestones as a project control device is using a:

Introduction: Why Project Management?

The Organizational Context: Strategy,Structure,and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building,Conflict,and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks,Duration Estimation,and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Closeout and Termination

Filters

Exam 13: Project Evaluation and Control

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

The Project Implementation Profile includes this critical success factor.

The one factor that earned value management considers that an S-curve does not include is performance.

The earned value to date divided by the planned value of work scheduled to be performed is the:

If an activity's progress is defined as 0% until the activity is complete,the project manager is using:

Project goal setting includes setting a baseline plan,which is predicated on:

Funding problems are a key success inhibitor in the:

Sketch the project control cycle and discuss the activities that take place in each step.

If significant deviations from the project plan are detected,corrective action is taken and then:

What is earned value management and how can it be used to monitor project status?

What are the inputs and the steps in applying earned value management as a project management tool?

What is a tracking Gantt chart and what are the benefits and drawbacks of its use?

The first step in earned value management is to:

Inspired by his trip to Greece,the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard.His earned value table for the project appears below.At the end of June,what was the estimated time to completion and the estimated cumulative cost to completion?

A tracking Gantt chart:

Since a project may get ahead of or fall behind schedule,a calendar date cannot be a milestone.

A project manager that uses milestones as a project control device is using a:

Introduction: Why Project Management?

The Organizational Context: Strategy,Structure,and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building,Conflict,and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks,Duration Estimation,and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Closeout and Termination

Filters