Question 1

Earned value is a measure for overall project progress in terms of performance, budget and schedule.

Accepted Answer

A) True 
 B)False

Question 2

Project monitoring and control can be thought of as opposite sides of project selection and planning.

Accepted Answer

A) True 
 B)False

Question 3

Earned Value is a measure of overall project progress in terms of performance, budget, and schedule.

Accepted Answer

A) True 
 B)False

Question 4

Lower expenditures than expected at a given point in time is always good.

Accepted Answer

A) True 
 B)False

Question 5

Too often, intensity of activity is measured instead of results.

Accepted Answer

A) True 
 B)False

Question 6

In order to manage for overall project success, control must be exercised at the detailed work level for each aspect of project performance.

Accepted Answer

A) True 
 B)False

Question 7

The go/no-go control takes the form of tests (sensors) to determine if some specific precondition (standard and comparator) has been met before permission is granted to continue (decision maker and effector).

Accepted Answer

A) True 
 B)False

Question 8

Mauvin Maz, a fashion boutique, found that its newly acquired batch of raw materials did not meet the company's quality standards and was affecting the quality of its final products. In order to prevent any financial loss due to this problem, the top managers of Mauvin Maz decided to release a report to the workers asking them to stop using the newly acquired raw materials until a formal quality check is conducted. In this scenario, Mauvin Maz most likely released a(n) _____.

Accepted Answer

A)  special analysis report 
B)  periodic report 
C)  exception report 
D)  routine report 
E)  resource report

Question 9

State the formula for SPI. Explain what SPI means and its relevance to monitoring and controlling a project.

Accepted Answer

The answer of State the formula for SPI. Explain what...

Question 10

Monitoring is the direct connection between project planning and control.

Accepted Answer

A) True 
 B)False

Question 11

In earned value analysis…

Accepted Answer

A)  it is desirable to have negative variances for both schedule and spending. 
B)  it is desirable to have positive variances for both schedule and spending. 
C)  the schedule variance should be positive and the spending variance negative. 
D)  the schedule variance should be negative and the spending variance positive. 
E)  ideally both variances would equal zero.

Question 12

An overload of reporting is just as dangerous as underreporting.

Accepted Answer

A) True 
 B)False

Question 13

Control is the collection, recording, and reporting of project information.

Accepted Answer

A) True 
 B)False

Question 14

The plan-monitor-control cycle constitutes a "closed loop" process.

Accepted Answer

A) True 
 B)False

Question 15

Frequent blame is considered a good motivational tool to keep project team members on track.

Accepted Answer

A) True 
 B)False

Question 16

David, an architect, is in charge of executing a housing project. He appoints Charles to collect, record, and report all the necessary information to David and other relevant stakeholders. In this scenario, Charles will be engaged in _____ the project.

Accepted Answer

A)  scoping 
B)  monitoring 
C)  planning 
D)  controlling 
E)  scheduling

Question 17

The first step in setting up a monitoring system is to:

Accepted Answer

A)  identify personnel 
B)  identify all project milestones 
C)  identify key factors to be controlled 
D)  identify reports required 
E)  develop a change request form

Question 18

What are the two primary purposes of control?

Accepted Answer

The answer of What are the two primary purposes of...

Question 19

In order to manage for overall project success, control should be exercised at a very high and aggregated level and not get bogged down with unnecessary details.

Accepted Answer

A) True 
 B)False

Question 20

According to the text, there is no satisfactory way to measure accurately the percent of completion of most tasks.

Accepted Answer

A) True 
 B)False

Exam 7: Monitoring and Controlling the Project

Earned value is a measure for overall project progress in terms of performance, budget and schedule.

Project monitoring and control can be thought of as opposite sides of project selection and planning.

Earned Value is a measure of overall project progress in terms of performance, budget, and schedule.

Lower expenditures than expected at a given point in time is always good.

Too often, intensity of activity is measured instead of results.

In order to manage for overall project success, control must be exercised at the detailed work level for each aspect of project performance.

The go/no-go control takes the form of tests (sensors) to determine if some specific precondition (standard and comparator) has been met before permission is granted to continue (decision maker and effector).

State the formula for SPI. Explain what SPI means and its relevance to monitoring and controlling a project.

Monitoring is the direct connection between project planning and control.

In earned value analysis…

An overload of reporting is just as dangerous as underreporting.

Control is the collection, recording, and reporting of project information.

The plan-monitor-control cycle constitutes a "closed loop" process.

Frequent blame is considered a good motivational tool to keep project team members on track.

David, an architect, is in charge of executing a housing project. He appoints Charles to collect, record, and report all the necessary information to David and other relevant stakeholders. In this scenario, Charles will be engaged in _____ the project.

The first step in setting up a monitoring system is to:

What are the two primary purposes of control?

In order to manage for overall project success, control should be exercised at a very high and aggregated level and not get bogged down with unnecessary details.

According to the text, there is no satisfactory way to measure accurately the percent of completion of most tasks.