Question 1

A negative CV indicates the project is ________ budget.

Accepted Answer

The answer of A negative CV indicates the project is...

Question 2

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

Accepted Answer

The answer of The _________ index measures the project percent...

Question 3

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

The Gantt chart is the most favored,used,and understandable.This kind of chart is commonly referred to as a tracking Gantt chart.Gantt and control charts serve well as a means for tracking and trending schedule performance.Their easy-to-understand visual formats make them favorite tools for communicating project schedule status-especially to top management,who do not usually have time for details.

Question 4

The baseline is derived from merging information from the work packages with the project network.

Accepted Answer

The baseline is derived from the cost and duration information found in the work breakdown structure (WBS)database and time-sequence data from the network and resource scheduling decisions.

Question 5

Given that the AC = 300,PV = 400 and EV = 500,this project is _________ budget.

Accepted Answer

The answer of Given that the AC = 300,PV =...

Question 6

Given a BAC of 5,500 and an EAC of 6,000,the project is expected to be completed _________ budget.

Accepted Answer

The answer of Given a BAC of 5,500 and an...

Question 7

Schedule variance measures progress in time units.

Accepted Answer

Schedule variance measures progress in dollars rather than time units.Therefore,it is unlikely that any translation of dollars to time will yield accurate information telling if any milestone or critical path is early,on-time,or late.

Question 8

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

Accepted Answer

The answer of Although it is very difficult to measure,measuring...

Question 9

The only accurate method for determining the true time progress of the project is to compare the project network schedule against the actual network schedule to measure if the project is on time.

Accepted Answer

Schedule variance measures progress in dollars rather than time units.Therefore,it is unlikely that any translation of dollars to time will yield accurate information telling if any milestone or critical path is early,on-time,or late.

Question 10

Earned value is defined as the budgeted cost of the actual work performed.

Accepted Answer

Earned value (EV)is defined as the budgeted cost of the work performed.Earned value is the percentage complete times the budgeted cost of an activity or activities.

Question 11

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

The answer of The ratio that measures the amount of...

Question 12

The PCIC index measures the project percent complete in relation to the resources that have actually been used so far on the project.

Accepted Answer

The PCIC index assumes the actual costs-to-date and expected cost at completion are the most reliable for measuring project percent complete.These indexes compare the to-date progress to the end of the project.The PCIC index views percent complete in terms of actual dollars spent to accomplish the work to date and the actual expected dollars for the completed project (EAC).

Question 13

The project network schedule is derived from the _______ and it serves as the baseline to compare against actual performance.

Accepted Answer

The answer of The project network schedule is derived from...

Question 14

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

If deviations from plans are found and are significant,corrective action will be needed to bring the project back in line with the original revised plan.In some cases,conditions or scope can change,which,in turn,will require a change to the baseline plan to recognize the new information.

Question 15

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

Accepted Answer

The answer of Conditions or scope can change,which,in turn,will require...

Question 16

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

Accepted Answer

The answer of An SPI index of 1.22 indicates that...

Question 17

When revising the estimated cost at completion,there are two approaches.The EAC_re is determined by experts in the field and the EAC_f is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

Accepted Answer

The EAC_re and the EAC_f both determine the estimated cost at completion.They are simply different approaches.The EAC_re is determined by experts in the field and the EAC_f is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

Question 18

The final step in the project control process for measuring and evaluating project performance is to take appropriate ________.

Accepted Answer

The answer of The final step in the project control...

Question 19

The PV,AC and CV are all required to assess the current status of the project.

Accepted Answer

PV,EV and AC are all required to assess the current status of the project.From these values project variances and efficiency ratios can be calculated.

Question 20

The ________ rule assumes credit is earned for having performed the work once it is completed.This rule is usually used for work packages having very short durations.

Accepted Answer

The answer of The ________ rule assumes credit is earned...

Quiz 13: Progress and Performance Measurement and Evaluation