Question 1

Cost Variance CV)is __________

Accepted Answer

A) how much we actually spent for work completed 
B) how much we budgeted to spend at the beginning of the project 
C) how much of the budget we have left to spend on the project 
D) how much of the budget we really should have spent on the work completed so far 
E) the difference between the estimated cost and how much we have actually spent 
A) how much we actually spent for work completed 
B) how much we budgeted to spend at the beginning of the project 
C) how much of the budget we have left to spend on the project 
D) how much of the budget we really should have spent on the work completed so far 
E) the difference between the estimated cost and how much we have actually spent E

Question 2

Describe how the SPI and CPI can be used to forecast the final cost of a project.

Accepted Answer

The schedule performance index SPI)provides a ratio of the work performed to the work scheduled.This metric provides a measure of schedule efficiency.An SPI ratio greater than one indicates that the project is ahead of schedule and an SPI under one indicates the project is behind schedule.The cost performance index CPI)tells us how much work we are completing for every dollar we spend.It is the ratio the budgeted cost of work performed to the actual cost of work performed.Suppose one were to calculate the SPI and the CPI in the midst of a project and find their values different from one i.e.the project is ahead or behind schedule and over or under budget).If nothing changes i.e. ,the project's performance does not get any better or any worse)then the minimum cost of completing the project could be estimated by dividing the original total budget by the CPI.However,if the SPI ratio were to persist and things continued to get better or worse depending on the SPI value),then the final project cost could be estimated by dividing the original budget by the product of the CPI and the SPI.

Question 3

In Project Communications Management,providing relevant and timely information to each stakeholder _____.

Accepted Answer

A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance 
A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance B

Question 4

Describe the qualities of a good project metric.

Accepted Answer

Understandable-A metric should be intuit

Question 5

Expected Time to Completion ETC is __________

Accepted Answer

A) how much time it took to complete the work 
B) how long we expected the task to take 
C) how much time we have left to complete the project 
D) how much time it should have taken to complete the task 
E) how much longer it will take to complete the project 
A) how much time it took to complete the work 
B) how long we expected the task to take 
C) how much time we have left to complete the project 
D) how much time it should have taken to complete the task 
E) how much longer it will take to complete the project

Question 6

The budgeted cost of work scheduled for an activity or component of the WBS is the _____.

Accepted Answer

A) Planned Value PV 
B) Budget At Completion BAC 
C) Actual Cost AC 
D) Expected Time Complete ETC 
E) Estimate at Completion EAC 
A) Planned Value PV 
B) Budget At Completion BAC 
C) Actual Cost AC 
D) Expected Time Complete ETC 
E) Estimate at Completion EAC

Question 7

Internet and Web-Based technologies have a significant role to play in communication and collaboration efforts of project teams.

Accepted Answer

A) True 
 B)False

Question 8

The purpose of a project review is to not only show evidence that the project work is being completed,but also that the work is being completed according to various standards or agreed upon requirements.

Accepted Answer

A) True 
 B)False

Question 9

The project communications plan may be informal depending on the needs of the project stakeholders and the size of the project.

Accepted Answer

A) True 
 B)False

Question 10

As a project manager,you would be pleased see a Cost Performance Index CPI less than one 1)for your project

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not likely a characteristic of a good project metric?:

Accepted Answer

A) Understandable 
B) Quantifiable 
C) Cost Effective 
D) Subjective 
E) High Impact 
A) Understandable 
B) Quantifiable 
C) Cost Effective 
D) Subjective 
E) High Impact

Question 12

In Project Communications Management,_____focuses on the collection and dissemination of project ionformation to the various project stakeholders.

Accepted Answer

A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance 
A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance

Question 13

What is Actual Cost AC)?

Accepted Answer

Actual Cost AC)is the total co

Question 14

A _________ predicts the future status or progress of the project.

Accepted Answer

A) Budget report 
B) Status report 
C) Progress report 
D) Forecast report 
E) News report 
A) Budget report 
B) Status report 
C) Progress report 
D) Forecast report 
E) News report

Question 15

In Project Communications Management,getting the right information to the right stakeholders in the right format is _____.

Accepted Answer

A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance 
A) identify stakeholders 
B) plan communications 
C) distribute information 
D) manage stakeholder expectations 
E) report performance

Question 16

One attribute of a good project metric is that it should be subjective so that a stakeholder can understand the project manager's personal opinion or insight as to how the project is progressing.

Accepted Answer

A) True 
 B)False

Question 17

What is Budget at Completion BAC)?

Accepted Answer

The budgeted at comp

Question 18

If you hired a consulting firm to develop a system which is estimated to take four months to complete with the tasks evenly divided over the four months and you agree to pay for the project with equal monthly installments,those payments would be called:

Accepted Answer

A) Planned Value PV 
B) Budget At Completion BAC 
C) Actual Cost AC 
D) Earned Value EV 
E) None of the above 
A) Planned Value PV 
B) Budget At Completion BAC 
C) Actual Cost AC 
D) Earned Value EV 
E) None of the above

Question 19

A _________ is a formal or informal meeting that shows evidence of project work that has been completed and work and provides a forum for surfacing issues,problems,decision-making.

Accepted Answer

A) Budget report 
B) Project review 
C) Progress report 
D) Forecast report 
E) News report 
A) Budget report 
B) Project review 
C) Progress report 
D) Forecast report 
E) News report

Question 20

Cost Variance CV= Earned Value - ___________.

Accepted Answer

A) Budget at Completion BAC 
B) Budgeted cost of remaining work BCRW 
C) Schedule Variance SV 
D) Actual Cost AC 
E) None of the above 
A) Budget at Completion BAC 
B) Budgeted cost of remaining work BCRW 
C) Schedule Variance SV 
D) Actual Cost AC 
E) None of the above

Cost Variance CV)is __________

Describe how the SPI and CPI can be used to forecast the final cost of a project.

In Project Communications Management,providing relevant and timely information to each stakeholder _____.

Describe the qualities of a good project metric.

Expected Time to Completion ETC is __________

The budgeted cost of work scheduled for an activity or component of the WBS is the _____.

Internet and Web-Based technologies have a significant role to play in communication and collaboration efforts of project teams.

The purpose of a project review is to not only show evidence that the project work is being completed,but also that the work is being completed according to various standards or agreed upon requirements.

The project communications plan may be informal depending on the needs of the project stakeholders and the size of the project.

As a project manager,you would be pleased see a Cost Performance Index CPI less than one 1)for your project

Which of the following is not likely a characteristic of a good project metric?:

In Project Communications Management,_____focuses on the collection and dissemination of project ionformation to the various project stakeholders.

What is Actual Cost AC)?

A _________ predicts the future status or progress of the project.

In Project Communications Management,getting the right information to the right stakeholders in the right format is _____.

One attribute of a good project metric is that it should be subjective so that a stakeholder can understand the project manager's personal opinion or insight as to how the project is progressing.

What is Budget at Completion BAC)?

If you hired a consulting firm to develop a system which is estimated to take four months to complete with the tasks evenly divided over the four months and you agree to pay for the project with equal monthly installments,those payments would be called:

A _________ is a formal or informal meeting that shows evidence of project work that has been completed and work and provides a forum for surfacing issues,problems,decision-making.

Cost Variance CV= Earned Value - ___________.

The Nature of Information Technology Projects

Initializing and Conceptualizing the IT Project

The Project Infrastructure

The Human Side of Project Management

Defining and Managing Project and Product Scope

The Work Breakdown Structure and Project Estimation

The Project Schedule and Budget

Managing Project Risk

It Project Quality Management

Managing Organizational Change, resistance, and Conflict

Project Procurement Management and Outsourcing

Leadership and Ethics

Project Implementation, closure, and Evaluation

Filters

Exam 9: Project Communication,tracking,and Reporting

Cost Variance CV)is __________

Describe how the SPI and CPI can be used to forecast the final cost of a project.

In Project Communications Management,providing relevant and timely information to each stakeholder _____.

Describe the qualities of a good project metric.

Expected Time to Completion ETC is __________

The budgeted cost of work scheduled for an activity or component of the WBS is the _____.

Internet and Web-Based technologies have a significant role to play in communication and collaboration efforts of project teams.

The purpose of a project review is to not only show evidence that the project work is being completed,but also that the work is being completed according to various standards or agreed upon requirements.

The project communications plan may be informal depending on the needs of the project stakeholders and the size of the project.

As a project manager,you would be pleased see a Cost Performance Index CPI less than one 1)for your project

Which of the following is not likely a characteristic of a good project metric?:

In Project Communications Management,_____focuses on the collection and dissemination of project ionformation to the various project stakeholders.

What is Actual Cost AC)?

A _________ predicts the future status or progress of the project.

In Project Communications Management,getting the right information to the right stakeholders in the right format is _____.

One attribute of a good project metric is that it should be subjective so that a stakeholder can understand the project manager's personal opinion or insight as to how the project is progressing.

What is Budget at Completion BAC)?

If you hired a consulting firm to develop a system which is estimated to take four months to complete with the tasks evenly divided over the four months and you agree to pay for the project with equal monthly installments,those payments would be called:

A _________ is a formal or informal meeting that shows evidence of project work that has been completed and work and provides a forum for surfacing issues,problems,decision-making.

Cost Variance CV= Earned Value - ___________.

The Nature of Information Technology Projects

Initializing and Conceptualizing the IT Project

The Project Infrastructure

The Human Side of Project Management

Defining and Managing Project and Product Scope

The Work Breakdown Structure and Project Estimation

The Project Schedule and Budget

Managing Project Risk

It Project Quality Management

Managing Organizational Change, resistance, and Conflict

Project Procurement Management and Outsourcing

Leadership and Ethics

Project Implementation, closure, and Evaluation

Filters