Question 1

The Cost Variance (CV)is a measure of cost efficiency on a project.

Accepted Answer

A) True 
 B)False  False

Question 2

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 cost performance as of October 31,20XX?

Accepted Answer

A)   The project is $8,000 over budget.
B)   The project is $18,000 over budget.
C)   The project is on budget.
D)   The project is $26,000 under budget. A

Question 3

During project execution,monitoring refers to the act of comparing actual performance with planned performance and taking corrective action when needed.

Accepted Answer

A) True 
 B)False  False

Question 4

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.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

It is possible for a project to be both behind schedule and under budget at the same time.

Accepted Answer

A) True 
 B)False

Question 7

Some organizations rely upon a formally constituted group of stakeholders to review,evaluate and approve changes to the project. This group is typically known as a:

Accepted Answer

A)   stakeholder review board.
B)   change control board.
C)   project evaluation committee.
D)   steering committee

Question 8

When discrepancies are identified during a project quality audit,the presumption must be that workers failed to comply with procedures and should be reprimanded accordingly.

Accepted Answer

A) True 
 B)False

Question 9

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?

Accepted Answer

A)   ensure the workers assigned are capable of doing their work
B)   ensure that rework is kept to a minimum
C)   ensure that internal and external inspections are conducted
D)   ensure that all outsourced deliverables are validated

Question 10

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:

Accepted Answer

A)   comparative improvement.
B)   benchmarking.
C)   variance analysis.
D)   sensitivity analysis

Question 11

Benchmarking generally includes all of the following steps EXCEPT:

Accepted Answer

A)   using management by objectives
B)   active participation from another organization
C)   adaptation and adoption of new or improved methods
D)   determination of a process that needs dramatic improvement

Question 12

The process of reviewing all change requests,approving changes and controlling changes to deliverables and organizational process assets is known as:

Accepted Answer

A)   project monitoring.
B)   variance analysis and control.
C)   integrated change control.
D)   configuration management

Question 13

Identify a business process that is often critical to project success. Now describe the approach you would employ to improve the business process you identified.

Accepted Answer

The answer of Identify a business process that is often...

Question 14

All of the following accurately describe the trade-offs that must be managed while accomplishing project work EXCEPT:

Accepted Answer

A)   When confronted with trade-offs between cost, schedule and quality, quality should always come first
B)   Team members must address trade-offs between cost, schedule and quality.
C)   Sponsors may need to help project managers secure additional resources when confronted by trade-offs.
D)   Team members must often make trade-offs between the current project and other higher priority projects.

Question 15

When a project manager asks clarifying questions and paraphrases what is being communicated to them,he or she is using ?

Accepted Answer

A)   Passive listening
B)   Active listening
C)   Information gathering techniques
D)   Soft skills

Question 16

The purpose of quality control on projects is to reduce the number of defects in deliverables rather than to improve the project process.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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?

Accepted Answer

A)   The project is $18,000 behind schedule.
B)   The project is $26,000 behind schedule.
C)   The project is 18 days behind schedule.
D)   The project is $26,000 ahead of schedule.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following serves as an important guideline concerning project inspections?

Accepted Answer

A)   inspect after critical or expensive processes to make sure the inputs are good
B)   inspect prior to key work handoff points
C)   inspect at milestones identified in the project schedule
D)   inspect only as a last resort

Exam 14: Determining Project Progress and Results

The Cost Variance (CV)is a measure of cost efficiency on a project.

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 cost performance as of October 31,20XX?

During project execution,monitoring refers to the act of comparing actual performance with planned performance and taking corrective action when needed.

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.

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

It is possible for a project to be both behind schedule and under budget at the same time.

Some organizations rely upon a formally constituted group of stakeholders to review,evaluate and approve changes to the project. This group is typically known as a:

When discrepancies are identified during a project quality audit,the presumption must be that workers failed to comply with procedures and should be reprimanded accordingly.

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?

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:

Benchmarking generally includes all of the following steps EXCEPT:

The process of reviewing all change requests,approving changes and controlling changes to deliverables and organizational process assets is known as:

Identify a business process that is often critical to project success. Now describe the approach you would employ to improve the business process you identified.

All of the following accurately describe the trade-offs that must be managed while accomplishing project work EXCEPT:

When a project manager asks clarifying questions and paraphrases what is being communicated to them,he or she is using ?

The purpose of quality control on projects is to reduce the number of defects in deliverables rather than to improve the project process.

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

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?

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

Which of the following serves as an important guideline concerning project inspections?