Question 1

In monitoring project time (schedule)performance, actual performance should be compared to

Accepted Answer

A) Budgets for the current year. 
B) Top management's targets. 
C) Project network schedule derived from the WBS/OBS. 
D) Progress on similar past projects. 
E) Previous status reports. 
A) Budgets for the current year. 
B) Top management's targets. 
C) Project network schedule derived from the WBS/OBS. 
D) Progress on similar past projects. 
E) Previous status reports. C

Question 2

A CPI index of 0.97 indicates that the project has spent less money than budgeted.

Accepted Answer

A) True 
 B)False  False

Question 3

The ________ variance is the difference between the earned value and the actual costs for the work completed to date.

Accepted Answer

cost
Explanation: Cost variance is the difference between the earned value and the actual costs for the work completed to date where CV = EV - AC.

Question 4

In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information.

Accepted Answer

A) True 
 B)False

Question 5

A CPI or SPI value less than one indicates that the project is

Accepted Answer

A) Under cost or behind schedule. 
B) Over cost or ahead of schedule. 
C) Under cost or ahead of schedule. 
D) Over cost or behind schedule. 
E) On cost or on schedule. 
A) Under cost or behind schedule. 
B) Over cost or ahead of schedule. 
C) Under cost or ahead of schedule. 
D) Over cost or behind schedule. 
E) On cost or on schedule.

Question 6

Conditions or scope can change, which, in turn, will require a change to the __________ plan to recognize the new information.

Accepted Answer

baseline
Explanation: If deviations from

Question 7

The cost variance for a project is calculated by

Accepted Answer

A) EV - AC. 
B) AC - SV. 
C) PV - EV. 
D) CV - EV. 
E) EV - PV. 
A) EV - AC. 
B) AC - SV. 
C) PV - EV. 
D) CV - EV. 
E) EV - PV.

Question 8

Baseline project budgets are derived from time-phasing the work ________.

Accepted Answer

packages
Explanation: The earned value s

Question 9

Of the following costs, which are NOT included in baseline?

Accepted Answer

A) Suppliers 
B) Equipment 
C) Labor 
D) Budget reserves 
E) Contractors 
A) Suppliers 
B) Equipment 
C) Labor 
D) Budget reserves 
E) Contractors

Question 10

Because of their easy-to-understand visual format, tracking Gantt charts are the most favored, used, and understandable option for reporting project status.

Accepted Answer

A) True 
 B)False

Question 11

Baseline project budgets are derived from

Accepted Answer

A) The organization's overall budget. 
B) Time-phasing the work packages. 
C) Top management directions. 
D) The total direct, direct project overhead and G&A overhead costs. 
E) The earned value system. 
A) The organization's overall budget. 
B) Time-phasing the work packages. 
C) Top management directions. 
D) The total direct, direct project overhead and G&A overhead costs. 
E) The earned value system.

Question 12

The ________ variance is the difference between the earned value to date and the baseline schedule.

Accepted Answer

schedule
Explanation: Schedule

Question 13

________ is simply the percent complete times the original budget.

Accepted Answer

Earned value
Explanation: The

Question 14

A reason that the duration on a task may differ from an original duration on a Tracking Gantt chart could be

Accepted Answer

A) An expected delay. 
B) New information on the task. 
C) The task has been cancelled. 
D) A new budget cycle. 
A) An expected delay. 
B) New information on the task. 
C) The task has been cancelled. 
D) A new budget cycle.

Question 15

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

Accepted Answer

A) True 
 B)False

Question 16

A project manager would be glad to see a TCPI of 1.07.

Accepted Answer

A) True 
 B)False

Question 17

Causes for Scope Creep can include

Accepted Answer

A) Newly identified features. 
B) Incorrect design assumptions. 
C) New Technology. 
D) None of these choices are correct. 
A) Newly identified features. 
B) Incorrect design assumptions. 
C) New Technology. 
D) None of these choices are correct.

Question 18

For a more complex project, statistical analysis can be applied to a Control Chart to identify potential causes of schedule deviation.

Accepted Answer

A) True 
 B)False

Question 19

Although it is very difficult to measure, measuring ________ performance is as important as measuring schedule and cost performance.

Accepted Answer

technical
Explanation: It is very diffic

Question 20

An SPI index of 1.22 indicates that the project is ________ of schedule.

Accepted Answer

ahead
Explanation: An SPI of 1

In monitoring project time (schedule)performance, actual performance should be compared to

A CPI index of 0.97 indicates that the project has spent less money than budgeted.

The ________ variance is the difference between the earned value and the actual costs for the work completed to date.

In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information.

A CPI or SPI value less than one indicates that the project is

Conditions or scope can change, which, in turn, will require a change to the __________ plan to recognize the new information.

The cost variance for a project is calculated by

Baseline project budgets are derived from time-phasing the work ________.

Of the following costs, which are NOT included in baseline?

Because of their easy-to-understand visual format, tracking Gantt charts are the most favored, used, and understandable option for reporting project status.

Baseline project budgets are derived from

The ________ variance is the difference between the earned value to date and the baseline schedule.

________ is simply the percent complete times the original budget.

A reason that the duration on a task may differ from an original duration on a Tracking Gantt chart could be

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

A project manager would be glad to see a TCPI of 1.07.

Causes for Scope Creep can include

For a more complex project, statistical analysis can be applied to a Control Chart to identify potential causes of schedule deviation.

Although it is very difficult to measure, measuring ________ performance is as important as measuring schedule and cost performance.

An SPI index of 1.22 indicates that the project is ________ of schedule.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Project Closure

International Projects

An Introduction to Agile Project Management

Filters

Exam 13: Progress and Performance Measurement and Evaluation

In monitoring project time (schedule)performance, actual performance should be compared to

A CPI index of 0.97 indicates that the project has spent less money than budgeted.

The ________ variance is the difference between the earned value and the actual costs for the work completed to date.

In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information.

A CPI or SPI value less than one indicates that the project is

Conditions or scope can change, which, in turn, will require a change to the __________ plan to recognize the new information.

The cost variance for a project is calculated by

Baseline project budgets are derived from time-phasing the work ________.

Of the following costs, which are NOT included in baseline?

Because of their easy-to-understand visual format, tracking Gantt charts are the most favored, used, and understandable option for reporting project status.

Baseline project budgets are derived from

The ________ variance is the difference between the earned value to date and the baseline schedule.

________ is simply the percent complete times the original budget.

A reason that the duration on a task may differ from an original duration on a Tracking Gantt chart could be

Two major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

A project manager would be glad to see a TCPI of 1.07.

Causes for Scope Creep can include

For a more complex project, statistical analysis can be applied to a Control Chart to identify potential causes of schedule deviation.

Although it is very difficult to measure, measuring ________ performance is as important as measuring schedule and cost performance.

An SPI index of 1.22 indicates that the project is ________ of schedule.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Reducing Project Duration

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Project Closure

International Projects

An Introduction to Agile Project Management

Filters