Question 1

Conducting an earned value analysis requires three data elements.Identify the acronyms for each and describe what they are.

Accepted Answer

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Question 2

Schedule variance (SV)is in dollars and does not directly represent time.Why is it still useful?

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Question 3

A project manager learns that her project has an EV of 1200, AC of 1100 and PV of 1000.What can the project manager report regarding this project?

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The answer of A project manager learns that her project...

Question 4

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

Accepted Answer

The best way to get an assessment of the schedule performance is to look at the Tracking Gantt.

Question 5

Identify the steps in creating a control process that measures and evaluates project performance.

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Question 6

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

Accepted Answer

Since a Control Chart has discrete data points, averages, moving averages and standard deviation technique can all be used to gauge trends within a project.

Question 7

Two project complete indexes are used, depending on your judgment of which one is most representative of your project.Identify both indexes and explain when it is most appropriate to use each.

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The answer of Two project complete indexes are used, depending...

Question 8

A Control Chart can be used to estimate schedule trends.

Accepted Answer

While it can be used to establish trends, it should never be the only input when looking at schedule trends.

Question 9

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

Without the two types of costs separated out, there is not a clear indicator.The costs will need to be separated and further reviewed.

Question 10

All projects need some form of formal control.Agree or disagree? Support you answer.

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Question 11

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

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Question 12

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

Accepted Answer

A TCPI of 1.07 would indicate that each remaining $1 in the budget must earn $1.07 for the project to stay within budget.There is more work than there is budget left.

Question 13

What is a "rubber baseline" and how does it undermine project control?

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Question 14

In reviewing the budget report of a project, you notice that spending on the project is running about 10 percent over plan.Is the project in trouble? Why or why not?

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Question 15

A scope change is always viewed negatively as it changes the delivery date of the project.

Accepted Answer

A scope change is not always negative.In some cases a scope change is to take advantage of a shift in company strategy, or to take advantage of a business opportunity that was unforeseen at the start of the project.

Question 16

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

Accepted Answer

The project monitoring system involves determining what data to collect; how, when, and who will collect the data; analysis of the data and reporting current progress.

Question 17

A common project practice is to ignore straight labor hours when calculating Earned Value.

Accepted Answer

Using labor hours as a measure when calculating Earned value is a common practice in many construction-related fields.

Question 18

A negative VAC indicates that the project will be completed over budget.

Accepted Answer

A positive VAC indicates that the project will be completed under budget and a negative VAC indicates that the project will be completed over budget.It is calculated by subtracting the EAC from the BAC.

Question 19

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

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Question 20

What is the difference between a baseline Gantt chart and a tracking Gantt chart?

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Quiz 13: Progress and Performance Measurement and Evaluation