Question 1

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

Accepted Answer

A)  The total project costs in week 10 are less than budgeted. 
B)  The total project costs in week 10 exceed the budgeted cost. 
C)  The project cost more from weeks 25 through 30 than it did in weeks 10 through 15. 
D)  The total amount spent on the project at the end of the 20th week is approximately $30,000. 
A)  The total project costs in week 10 are less than budgeted. 
B)  The total project costs in week 10 exceed the budgeted cost. 
C)  The project cost more from weeks 25 through 30 than it did in weeks 10 through 15. 
D)  The total amount spent on the project at the end of the 20th week is approximately $30,000.

Question 2

The closer to completion a project gets,the less precise and useful is the information that EVM provides.

Accepted Answer

A) True 
 B)False

Question 3

Use the earned value table for Project Makeready to calculate the estimated cost to completion.

Accepted Answer

A)  $4,285 
B)  $5,250 
C)  $6,050 
D)  $7,645 
A)  $4,285 
B)  $5,250 
C)  $6,050 
D)  $7,645

Question 4

$$\begin{array} { | l | l | l | l | l | l | l | } 
\hline & { \text { Duration (weeks) } } & \
\hline & 5 & 10 & 15 & 20 & 25 & \% \text { Comp } \
\hline \text { Conceptual Design } & 10 & 6 & & & & 100 \% \
\hline \text { Graphics Design } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 100 \% \
\hline \text { Samples } & & & 4 & 2 & & 70 \% \
\hline \text { Tooling } & & & 6 & 9 & 4 & 50 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 20 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Cumulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$
-Use the data to calculate the earned value for the project.All amounts are in thousands of dollars.

Accepted Answer

A)  $65,500 
B)  $69,550 
C)  $71,100 
D)  $76,125 
A)  $65,500 
B)  $69,550 
C)  $71,100 
D)  $76,125

Question 5

In earned value management,schedule variance is defined as:

Accepted Answer

A)  The difference between the earned value and the actual cost. 
B)  The difference between the earned value and the planned value. 
C)  The difference between the actual cost and the planned value. 
D)  The difference between the cost and schedule performance indices multiplied by the budgeted cost at completion. 
A)  The difference between the earned value and the actual cost. 
B)  The difference between the earned value and the planned value. 
C)  The difference between the actual cost and the planned value. 
D)  The difference between the cost and schedule performance indices multiplied by the budgeted cost at completion.

Question 6

Use the earned value table (all amounts indicated are dollars)to determine the earned value to the nearest hundred dollars given the indicated state of the project.

Accepted Answer

A)  $16,900 
B)  $14,900 
C)  $14,400 
D)  $13,200 
A)  $16,900 
B)  $14,900 
C)  $14,400 
D)  $13,200

Question 7

Project control should be:

Accepted Answer

A)  Maintained by the project organization using the most complete measurement system, earned value management. 
B)  Maintained by the project organization using the simplest measurement, an S-curve. 
C)  Maintained by both the project organization and the customer using the most complete measurement system, earned value management. 
D)  Tailored to the needs and culture for which an organization intends it. 
A)  Maintained by the project organization using the most complete measurement system, earned value management. 
B)  Maintained by the project organization using the simplest measurement, an S-curve. 
C)  Maintained by both the project organization and the customer using the most complete measurement system, earned value management. 
D)  Tailored to the needs and culture for which an organization intends it.

Question 8

Use the data to calculate the schedule performance index for the project for the end of week 20.All amounts are in thousands of dollars. $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline &{ \text { Duration (weeks) } } & \
\hline & 5 & 10 & 15 & 20 & 25 & \% \text { Comp } \
\hline \text { Conceptual Design } & 10 & 6 & & & & 100 \% \
\hline \text { Graphics Design } & & 12 & 6 & 4 & & 100 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 60 \% \
\hline \text { Samples } & & & 4 & 2 & & 100 \% \
\hline \text { Tooling } & & & 6 & 9 & 4 & 50 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 20 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Cumulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$

Accepted Answer

A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81 
A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81

Question 9

Use the data to calculate the earned value for the project.All amounts are in thousands of dollars. $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline & { \text { Duration (weeks) } } & \
\hline & 5 & 10 & 15 & 20 & 25 & \% \text { Comp } \
\hline \text { Conceptual Design } & 10 & 6 & & & & 100 \% \
\hline \text { Graphics Design } & & 12 & 6 & 4 & & 75 \% \
\hline \text { Copyright } & & & 4 & 5 & 6 & 5 \% \
\hline \text { Samples } & & & 4 & 2 & & 25 \% \
\hline \text { Tooling } & & & 6 & 9 & 4 & 10 \% \
\hline \text { Production } & & & 2 & 6 & 14 & 10 \% \
\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \
\hline \text { Cumulative } & 10 & 28 & 50 & 76 & 100 & \
\hline
\end{array}$$

Accepted Answer

A)  $38,500 
B)  $43,250 
C)  $54,750 
D)  $100,000 
A)  $38,500 
B)  $43,250 
C)  $54,750 
D)  $100,000

Question 10

Which of these tools allows a project team to make future projections of project status based on its current state?

Accepted Answer

A)  Tracking Gantt chart 
B)  Milestone chart 
C)  S-curve 
D)  Earned value management 
A)  Tracking Gantt chart 
B)  Milestone chart 
C)  S-curve 
D)  Earned value management

Question 11

Each activity contained a series of milestones that represented a previously agreed-upon amount of work.Once the low graffiti was erased,35% of the activity had been completed and once the mid-level graffiti was erased,70% of the activity had been completed.This project manager was clearly in the:

Accepted Answer

A)  Percentage complete camp. 
B)  Micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp. 
A)  Percentage complete camp. 
B)  Micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp.

Question 12

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

Accepted Answer

A)  The tracking Gantt chart has a plot against time on the X1 axis and shows progress against budget on the X2 axis. 
B)  The tracking Gantt chart is composed of dollar signs that show the relative expense of the activity in comparison with other activities. 
C)  Each bar in the tracking Gantt chart shows who is responsible for completion of the activity in question. 
D)  Each bar in the tracking Gantt chart varies from 100% solid if the activity is completed to 100% alternative pattern if the activity has not begun. 
A)  The tracking Gantt chart has a plot against time on the X1 axis and shows progress against budget on the X2 axis. 
B)  The tracking Gantt chart is composed of dollar signs that show the relative expense of the activity in comparison with other activities. 
C)  Each bar in the tracking Gantt chart shows who is responsible for completion of the activity in question. 
D)  Each bar in the tracking Gantt chart varies from 100% solid if the activity is completed to 100% alternative pattern if the activity has not begun.

Question 13

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

Accepted Answer

The 0/100 rule and the 50/50 rule are bo

Question 14

A recurring problem with establishing accurate or meaningful EVM results has to do with:

Accepted Answer

A)  The 0/100 rule. 
B)  Over-reliance on the S-curve. 
C)  The need to recognize the human factor. 
D)  The need to satisfy stakeholders within budget and time parameters. 
A)  The 0/100 rule. 
B)  Over-reliance on the S-curve. 
C)  The need to recognize the human factor. 
D)  The need to satisfy stakeholders within budget and time parameters.

Question 15

What are drawbacks to a pure S-curve analysis?

Accepted Answer

S-curves do not allow troubleshooting (i

Question 16

Milestones are generally considered to be:

Accepted Answer

A)  Demotivators for the project team. 
B)  Key project review gates. 
C)  The end of the project for all team members except the project manager. 
D)  Points where two or more activities merge. 
A)  Demotivators for the project team. 
B)  Key project review gates. 
C)  The end of the project for all team members except the project manager. 
D)  Points where two or more activities merge.

Question 17

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Accepted Answer

A)  The project never experiences negative variance. 
B)  With regards to budget, the project starts badly but finishes well 
C)  With regards to budget, the project starts well but finishes badly. 
D)  The project is in a constant state of positive variance. 
A)  The project never experiences negative variance. 
B)  With regards to budget, the project starts badly but finishes well 
C)  With regards to budget, the project starts well but finishes badly. 
D)  The project is in a constant state of positive variance.

Question 18

Measurement mechanisms should include a clear definition of:

Accepted Answer

A)  The project baseline. 
B)  The reporting relationships among members of the project team. 
C)  What to measure. 
D)  Trigger points. 
A)  The project baseline. 
B)  The reporting relationships among members of the project team. 
C)  What to measure. 
D)  Trigger points.

Question 19

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

Accepted Answer

A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000. 
A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000.

Question 20

What are any four benefits to using milestones as a form of project control? What advantage do they hold over pure S-curve analysis?

Accepted Answer

There are several benefits to using mile

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

The closer to completion a project gets,the less precise and useful is the information that EVM provides.

Use the earned value table for Project Makeready to calculate the estimated cost to completion.

In earned value management,schedule variance is defined as:

Use the earned value table (all amounts indicated are dollars)to determine the earned value to the nearest hundred dollars given the indicated state of the project.

Project control should be:

Which of these tools allows a project team to make future projections of project status based on its current state?

Each activity contained a series of milestones that represented a previously agreed-upon amount of work.Once the low graffiti was erased,35% of the activity had been completed and once the mid-level graffiti was erased,70% of the activity had been completed.This project manager was clearly in the:

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

A recurring problem with establishing accurate or meaningful EVM results has to do with:

What are drawbacks to a pure S-curve analysis?

Milestones are generally considered to be:

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Measurement mechanisms should include a clear definition of:

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

What are any four benefits to using milestones as a form of project control? What advantage do they hold over pure S-curve analysis?

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

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

The closer to completion a project gets,the less precise and useful is the information that EVM provides.

Use the earned value table for Project Makeready to calculate the estimated cost to completion.

In earned value management,schedule variance is defined as:

Use the earned value table (all amounts indicated are dollars)to determine the earned value to the nearest hundred dollars given the indicated state of the project.

Project control should be:

Which of these tools allows a project team to make future projections of project status based on its current state?

Each activity contained a series of milestones that represented a previously agreed-upon amount of work.Once the low graffiti was erased,35% of the activity had been completed and once the mid-level graffiti was erased,70% of the activity had been completed.This project manager was clearly in the:

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

A recurring problem with establishing accurate or meaningful EVM results has to do with:

What are drawbacks to a pure S-curve analysis?

Milestones are generally considered to be:

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Measurement mechanisms should include a clear definition of:

-Use the S-curve to choose the BEST statement about the project it describes.The horizontal axis is in weeks.

What are any four benefits to using milestones as a form of project control? What advantage do they hold over pure S-curve analysis?

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