Question 1

The second step in the project control process for measuring and evaluating project performance is to
A) review the baseline plan with top management.
B) analyze inputs to control system.
C) compare plan against actual.
D) measure progress and performance.
E) review spending with team members.

Accepted Answer

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

Question 2

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

Accepted Answer

Statistical analysis on a control chart can help identify patterns, trends, and outliers in project performance data, thereby aiding in pinpointing potential causes of schedule deviations in complex projects.

Question 3

The first step in the project control process for measuring and evaluating project performance is to
A) set a baseline plan.
B) determine the project objectives.
C) determine the project deliverables.
D) analyze the project budget.
E) review the project priority matrix.

Accepted Answer

Setting a baseline plan is the first step in the project control process for measuring and evaluating project performance because it establishes the standards or benchmarks against which actual performance can be compared.

Question 4

A team leader tells the project manager that as of right now, $1.20 worth of work has been accomplished for each $1 worth of scheduled work. The team leader got this information from viewing the
A) SV.
B) TCPI.
C) CPI.
D) SPI.
E) PCIB.

Accepted Answer

The Schedule Performance Index (SPI) is a measure of schedule efficiency expressed as the ratio of earned value to planned value, indicating that $1.20 worth of work has been accomplished for each $1 worth of scheduled work.

Question 5

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

Accepted Answer

A TCPI (To Complete Performance Index) of 1.2 indicates that the project needs to perform 20% more efficiently than planned to complete the project within the original budget, which typically would not make a project manager glad, as it suggests the project is currently over budget or behind schedule.

Question 6

A common project practice is to ignore straight labor hours when calculating earned value.

Accepted Answer

Earned Value Management (EVM) considers straight labor hours as part of the calculation to assess project performance and progress, integrating project scope, schedule, and cost measures.

Question 7

A ___________ Gantt chart is a simple and effective way to depict progress on a project.
A) baseline
B) control
C) variance
D) tracking
E) simple

Accepted Answer

A tracking Gantt chart is specifically designed to show the progress of a project compared to its planned schedule, making it an effective tool for monitoring project progress.

Question 8

A positive VAC indicates that the project will be completed under budget.

Accepted Answer

VAC, or Variance at Completion, is the difference between the Budget at Completion (BAC) and the Estimate at Completion (EAC). A positive VAC indicates that the project is expected to spend less than the budgeted amount, thus being under budget.

Question 9

All scope changes that result in increased costs should be avoided.

Accepted Answer

Scope changes that result in increased costs are not always avoidable and can be necessary for meeting project objectives, improving quality, or addressing unforeseen issues.

Question 10

The final step in the project control process for measuring and evaluating project performance is to
A) take appropriate action.
B) prepare a report to top management.
C) follow up on corrective action.
D) measure progress and performance.
E) review spending with team members.

Accepted Answer

The final step in the project control process is to take appropriate action based on the evaluation of project performance to ensure the project stays on track.

Question 11

The third step in the project control process for measuring and evaluating project performance is to
A) review the baseline plan with top management.
B) analyze inputs to the control system.
C) compare the plan against actual performance.
D) measure both progress and performance.
E) review spending with team members.

Accepted Answer

Comparing the plan against actual performance is essential for evaluating how well a project is adhering to its planned schedule, scope, and budget, allowing for adjustments as necessary.

Question 12

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

Accepted Answer

Measuring technical performance is crucial for ensuring that a project meets its specified requirements and quality standards, alongside managing schedule and cost, to ensure overall project success.

Question 13

A Control Chart can be used to estimate schedule trends.

Accepted Answer

Control charts, a tool in statistical process control, can be used to monitor various types of data including schedule performance, thereby helping to identify trends, shifts, or patterns in the schedule over time.

Question 14

Deciding what data to collect, collecting the data and analyzing it, and reporting this data are all parts of structuring a project monitoring information system.

Accepted Answer

These steps are essential in structuring a project monitoring information system as they ensure that relevant data is collected systematically, analyzed for insights, and reported for informed decision-making and project management.

Question 15

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

Accepted Answer

The project is currently under budget because the Earned Value (EV) equals the Planned Value (PV), indicating it is on schedule, and the Actual Cost (AC) is less than both, indicating spending is less than planned.

Question 16

A tool used to monitor past project schedule performance and current performance, and to estimate future schedule trends is a simple line chart known as a
A) Gantt chart.
B) network diagram.
C) PERT chart.
D) milestone chart.
E) project control chart.

Accepted Answer

A project control chart is specifically designed to monitor and control project performance, including schedule trends, by comparing past and current data to predict future outcomes.

Question 17

The earned value system starts with the time-phased costs that provide the project baseline, which is called the
A) planned budgeted value of work scheduled.
B) planned budgeted value of work completed.
C) earned value of work scheduled.
D) scheduled value of work scheduled.
E) scheduled value of work completed.

Accepted Answer

The earned value system starts with the time-phased costs that provide the project baseline, which is called the planned budgeted value of work scheduled (PBWS). This represents the budget allocated for the work scheduled to be completed by a certain date.

Question 18

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

Accepted Answer

When the cost of labor and materials is not separated, additional analysis is needed to pinpoint whether the variance is due to labor costs, material costs, or a combination of both.

Question 19

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

Accepted Answer

The project network schedule derived from the Work Breakdown Structure (WBS) and the Organizational Breakdown Structure (OBS) provides a detailed timeline and task breakdown, making it the most accurate and relevant basis for comparing actual project time performance.

Question 20

The schedule variance is the best way to get an accurate assessment of schedule performance.

Accepted Answer

Schedule variance is a useful tool for measuring schedule performance by comparing the amount of work accomplished against what was planned. However, it does not provide a comprehensive assessment on its own, as it needs to be considered alongside other metrics like cost variance and critical path analysis for a more accurate and complete evaluation of project schedule performance.

Quiz 13: Progress and Performance Measurement and Evaluation

The second step in the project control process for measuring and evaluating project performance is to

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

The first step in the project control process for measuring and evaluating project performance is to

A team leader tells the project manager that as of right now, $1.20 worth of work has been accomplished for each $1 worth of scheduled work. The team leader got this information from viewing the

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

A common project practice is to ignore straight labor hours when calculating earned value.

A ___________ Gantt chart is a simple and effective way to depict progress on a project.

A positive VAC indicates that the project will be completed under budget.

All scope changes that result in increased costs should be avoided.

The final step in the project control process for measuring and evaluating project performance is to

The third step in the project control process for measuring and evaluating project performance is to

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

A Control Chart can be used to estimate schedule trends.

Deciding what data to collect, collecting the data and analyzing it, and reporting this data are all parts of structuring a project monitoring information system.

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

A tool used to monitor past project schedule performance and current performance, and to estimate future schedule trends is a simple line chart known as a

The earned value system starts with the time-phased costs that provide the project baseline, which is called the

If the cost of labor and materials has not been separated there is additional analysis required to determine the cause of the calculated variance.

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

The schedule variance is the best way to get an accurate assessment of schedule performance.