Question 1

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

Accepted Answer

A)  schedule 
B)  cost 
C)  budget 
D)  time 
E)  performance

Question 2

A Control Chart can be used to estimate schedule trends.

Accepted Answer

A) True 
 B)False

Question 3

Progress and performance can be measured quantitatively as well as qualitatively.

Accepted Answer

A) True 
 B)False

Question 4

A negative cost variance combined with a negative schedule variance is an indicator of

Accepted Answer

A)  actual cost exceeding earned value. 
B)  planned value exceeding earned value. 
C)  budget over-runs. 
D)  behind schedule. 
E)  All of these alternatives are correct.

Question 5

A project manager would be glad to see a TCPI of 1.2.

Accepted Answer

A) True 
 B)False

Question 6

A program financial accountant learns that a project is currently earning $1.15 for each dollar actually spent. The accountant is able to determine this by looking at the

Accepted Answer

A)  EV. 
B)  BAC. 
C)  SV. 
D)  SPI. 
E)  CPI.

Question 7

Which of the following is not one of the four steps for measuring and evaluating project performance?

Accepted Answer

A)  Setting a baseline plan. 
B)  Setting a baseline budget. 
C)  Taking action. 
D)  Measuring progress and performance. 
E)  Comparing plan against actual.

Question 8

Which of the following is not a benefit of Earned Value Management?

Accepted Answer

A)  Measures accomplishments against plan and deliverables. 
B)  Provides a method for tracking directly to a problem work package and organization unit responsible. 
C)  Enables the project manager to ascertain problem paths within the project network and when the critical path is underperforming. 
D)  Alerts all stakeholders to early identification of problems and allows for quick, proactive corrective action. 
E)  Provides for accountability over individual portions of the overall budget for each organization unit.

Question 9

The PCIC index measures the project percent complete in relation to the actual resources used so far on the project.

Accepted Answer

A) True 
 B)False

Question 10

The _________ index measures the project percent complete in relation to the resources that were budgeted.

Accepted Answer

A)  CPI 
B)  SPI 
C)  TCPI 
D)  EAC 
E)  PCIB

Question 11

Identify and describe two methods for tracking and trending schedule performance.

Accepted Answer

The answer of Identify and describe two methods for tracking...

Question 12

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 13

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the

Accepted Answer

A)  0 / 100 percent rule. 
B)  task complete rule. 
C)  degree complete rule. 
D)  work complete rule. 
E)  percent complete rule.

Question 14

A project manager just received the following information on her project: PV = 300, EV = 300, AC = 200. In terms of cost at completion,

Accepted Answer

A)  the project will currently finish under budget, assuming the project continues to perform in this way. 
B)  the project will currently finish over budget, assuming the project continues to perform in this way. 
C)  the project will currently finish on budget, assuming the project continues to perform in this way. 
D)  the project will currently finish behind schedule, assuming the project continues to perform in this way. 
E)  there is insufficient information to draw conclusions.

Question 15

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.

Question 16

Given an EAC of $10,000 and a BAC of $15,000, the project is expected to be completed _________.

Accepted Answer

A)  over budget 
B)  under budget 
C)  over budget but ahead of schedule 
D)  under budget but behind schedule 
E)  on budget

Question 17

What is scope creep and how does it impact project control?

Accepted Answer

The answer of What is scope creep and how does...

Question 18

The ratio that measures the amount of value each remaining dollar in the budget must earn to stay within the budget is the _________.

Accepted Answer

A)  CPI 
B)  SPI 
C)  TCPI 
D)  EAC 
E)  PCIB

Question 19

Causes for scope creep can include

Accepted Answer

A)  newly identified features. 
B)  incorrect design assumptions. 
C)  new technology. 
D)  users want more functionality. 
E)  All of these alternatives are correct.

Question 20

The indicator that tells you the planned time-phased value of the work that is scheduled is the _______________.

Accepted Answer

A)  planned value (PV) 
B)  earned value (EV) 
C)  schedule variance (SV) 
D)  cost variance (CV) 
E)  None of these alternatives is correct.

Exam 13: Progress and Performance Measurement and Evaluation

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

A Control Chart can be used to estimate schedule trends.

Progress and performance can be measured quantitatively as well as qualitatively.

A negative cost variance combined with a negative schedule variance is an indicator of

A project manager would be glad to see a TCPI of 1.2.

A program financial accountant learns that a project is currently earning $1.15 for each dollar actually spent. The accountant is able to determine this by looking at the

Which of the following is not one of the four steps for measuring and evaluating project performance?

Which of the following is not a benefit of Earned Value Management?

The PCIC index measures the project percent complete in relation to the actual resources used so far on the project.

The _________ index measures the project percent complete in relation to the resources that were budgeted.

Identify and describe two methods for tracking and trending schedule performance.

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

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the

A project manager just received the following information on her project: PV = 300, EV = 300, AC = 200. In terms of cost at completion,

The cost variance for a project is calculated by

Given an EAC of $10,000 and a BAC of $15,000, the project is expected to be completed _________.

What is scope creep and how does it impact project control?

The ratio that measures the amount of value each remaining dollar in the budget must earn to stay within the budget is the _________.

Causes for scope creep can include

The indicator that tells you the planned time-phased value of the work that is scheduled is the _______________.