Question 1

The Schedule Performance Index SPI)for our project is greater than one 1)and so we would anticipate that all other things being equal,our project will finish ahead of schedule.

Accepted Answer

A value of SPI greater than 1 indicates that the project is ahead of schedule and completing work faster than planned. Therefore, it is true that all other things being equal, the project will likely finish ahead of schedule.

Question 2

Planned value PV)is the planned or budgeted cost of work scheduled for an activity or component of the WBS.

Accepted Answer

This statement correctly defines planned value (PV) as the budgeted cost of work scheduled for a specific activity or component of the work breakdown structure (WBS).

Question 3

Given the advances that have been made in telecommunications and IT technology in general,there is little value or necessity today for Face-to-Face F2F)meetings.

Accepted Answer

While telecommunications and IT technology have greatly improved communication, there is still value and necessity for face-to-face meetings. In-person meetings can build relationships, establish trust, and allow for more nuanced communication via body language and nonverbal cues.

Question 4

If a stakeholder has been judged to adversarial and having a vested interest in the failure of your project,it would probably be wise to keep him/her out of the communication loop.

Accepted Answer

Keeping a stakeholder out of the communication loop can exacerbate the situation by increasing mistrust and opposition. It's generally better to engage with all stakeholders, even adversarial ones, to understand their concerns and potentially mitigate opposition.

Question 5

As a project manager,you would be pleased see a Cost Performance Index CPI less than one 1)for your project

Accepted Answer

A CPI less than one indicates that the project is over budget, which is not a desirable outcome for a project manager. A CPI greater than one indicates that the project is under budget, which is more desirable.

Question 6

A good project metric should be understandable,quantifiable,cost effective,proven,and be effective.

Accepted Answer

A good project metric should be easy to understand, measurable or quantifiable, cost-effective to collect, proven or tested, and actually effective in measuring the success or progress of the project.

Question 7

Generally,the more metrics one adopts,the greater the project control.

Accepted Answer

The answer of Generally,the more metrics one adopts,the greater the...

Question 8

The Estimate At Completion EAC)is a project metric that can be used to estimate the most likely total or final cost of the project based on the project's performance and any risks that should be considered.

Accepted Answer

The Estimate At Completion (EAC) is a project metric that is used to estimate the most probable cost of the project based on its performance and risks that are taken into consideration.

Question 9

All of the project stakeholders should receive exactly the same information regarding the project's progress in order to eliminate any miscommunication.

Accepted Answer

While it's important for all stakeholders to be informed about the project's progress, the level and detail of information provided may vary depending on each stakeholder's role and responsibilities. It's important to tailor communication to each stakeholder to ensure that they have the information they need to make decisions and take action relevant to their contribution to the project.

Question 10

A project metric should be obtained from observable,quantifiable data that allows the team and other stakeholders to gauge the efficiency and effectiveness of the work being done.

Accepted Answer

This statement is true. Project metrics should be based on measurable data in order to accurately assess progress and success.

Question 11

Earned value provides a performance measurement that tells us how much of the budget we really should have spent for the work completed so far.

Accepted Answer

Earned value is a method used to measure project performance by comparing the amount of work completed to the budget allocated for that work. It helps to determine if a project is on track, behind schedule, or over budget.

Question 12

One attribute of a good project metric is that it should be subjective so that a stakeholder can understand the project manager's personal opinion or insight as to how the project is progressing.

Accepted Answer

A good project metric should be objective, not subjective, in order to avoid biases and provide a clear and accurate assessment of the project's progress. Stakeholders should be able to rely on the metric to make informed decisions based on reliable data.

Question 13

Budget At Completion BAC)is the total planned cost of a project.

Accepted Answer

Budget At Completion (BAC) is defined as the total planned cost of a project, which includes all direct and indirect costs associated with the project. It represents the total amount of money that the project is authorized to spend throughout its entire duration.

Question 14

The Expected Time Complete ETC)provides an estimate for completing the scheduled work that remains.

Accepted Answer

ETC is an estimate for completing scheduled work.

Question 15

The project manager must have a clear picture of how the actual progress or work compares to the baseline plan in order to make well-informed decisions,take appropriate actions,or to make adjustments to the project plan.

Accepted Answer

This statement is true. A project manager needs to be able to compare actual progress or work to the baseline plan in order to make informed decisions and take appropriate actions to keep the project on track. Adjustments to the project plan may also be necessary based on this comparison.

Question 16

The purpose of a project review is to not only show evidence that the project work is being completed,but also that the work is being completed according to various standards or agreed upon requirements.

Accepted Answer

The purpose of a project review is to ensure that the work is being completed according to various standards or agreed upon requirements, in addition to showing evidence that the work is being completed.

Question 17

The project communications plan may be informal depending on the needs of the project stakeholders and the size of the project.

Accepted Answer

The project communications plan can be formal or informal depending on the requirements and needs of the stakeholders and the project size. It is not necessary to have a formal communications plan for every project.

Question 18

A cost variance CV)can be positive or negative,but never zero.

Accepted Answer

A cost variance (CV) can be zero if the actual cost and the planned cost are the same.

Question 19

The schedule variance SV)shows the difference between the current progress of the project and its original or planned value.

Accepted Answer

The schedule variance (SV) is a measure of project performance that indicates the difference between the actual progress of the project and its planned or expected progress. It is expressed as the difference between the earned value (EV) and the planned value (PV) of the project. A positive SV indicates that the project is ahead of schedule, while a negative SV indicates that it is behind schedule.

Question 20

Internet and Web-Based technologies have a significant role to play in communication and collaboration efforts of project teams.

Accepted Answer

Internet and Web-Based technologies provide various tools such as email, video conferencing, project management software, and messaging apps that help project teams to communicate and collaborate effectively regardless of their location.

Quiz 9: Project Communication,tracking,and Reporting