Question 1

List and briefly describe the five data formats discussed in the text.

Accepted Answer

The answer of List and briefly describe the five data...

Question 2

The cost/spending variance is calculated as…

Accepted Answer

A)  AC - EV 
B)  EV- PV 
C)  PV - EV 
D)  AC - PV 
E)  EV - AC

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Mechanisms to gather and store data rarely need to be designed.

Accepted Answer

A) True 
 B)False

Question 5

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

Question 6

What actions can you take to help avoid the common problems associated with meetings?

Accepted Answer

The answer of What actions can you take to help...

Question 7

The plan-monitor-control cycle is best described as…

Accepted Answer

A)  an open loop process 
B)  a closed-loop process 
C)  an ad-hoc process 
D)  an informal process 
E)  a hierarchical process

Question 8

Estimated (remaining cost) to completion (ETC) is calculated as…

Accepted Answer

A)  (BAC - EV)/CPI 
B)  (BAC - EV)/SPI 
C)  (BAC + EV)/CPI 
D)  (BAC + EV)/SPI 
E)  (BAC - A
C) /CPI

Question 9

Which of the following is not a component of a control system?

Accepted Answer

A)  effector 
B)  sensor 
C)  decision maker 
D)  leveler 
E)  standard

Question 10

Which of the following is not a distinct type of report?

Accepted Answer

A)  exception 
B)  special analysis 
C)  critical incident 
D)  routine 
E)  all of the above are distinct types of reports

Question 11

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 12

Exception reports are primarily intended for unexpected situations.

Accepted Answer

A) True 
 B)False

Question 13

What is the best way to estimate percent completion of activities for finding earned value?

Accepted Answer

The answer of What is the best way to estimate...

Question 14

Data Collecting will eventually exist in one of the following formats except:

Accepted Answer

A)  Frequency counting 
B)  Raw numbers 
C)  Verbal characterization 
D)  Subjective numeric ratings 
E)  Probability scores

Question 15

Define the terms monitoring and control.

Accepted Answer

The answer of Define the terms monitoring and control....

Question 16

In general, it is preferable to have periodic reports.

Accepted Answer

A) True 
 B)False

Question 17

Identify several tools a PM can use to control a project plan.

Accepted Answer

The answer of Identify several tools a PM can use...

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Managing a project involves all of the following except;

Accepted Answer

A)  Continually planning what to do 
B)  Checking on progress 
C)  Comparing progress to plan 
D)  Taking corrective action to build to bring progress into agreement with the plan if it is not 
E)  Holding regular meetings

Question 20

Explain why project monitoring and control can be thought to be opposite sides of project selection and planning.

Accepted Answer

The answer of Explain why project monitoring and control can...

Exam 7: Monitoring and Controlling the Project

List and briefly describe the five data formats discussed in the text.

The cost/spending variance is calculated as…

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

Mechanisms to gather and store data rarely need to be designed.

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

What actions can you take to help avoid the common problems associated with meetings?

The plan-monitor-control cycle is best described as…

Estimated (remaining cost) to completion (ETC) is calculated as…

Which of the following is not a component of a control system?

Which of the following is not a distinct type of report?

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

Exception reports are primarily intended for unexpected situations.

What is the best way to estimate percent completion of activities for finding earned value?

Data Collecting will eventually exist in one of the following formats except:

Define the terms monitoring and control.

In general, it is preferable to have periodic reports.

Identify several tools a PM can use to control a project plan.

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

Managing a project involves all of the following except;

Explain why project monitoring and control can be thought to be opposite sides of project selection and planning.