FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 13: Progress and Performance Measurement and Evaluation

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

Essay

Review LaterAdd Note

Review Later

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?

Correct Answer

verified

The project has a position CV of $100.Th...

View Answer

Show Answer

Question 32

Multiple Choice

Review LaterAdd Note

Review Later

The indicator that tells you the amount each remaining dollar must earn in order for the project to stay within budget is the

A) PCIC.
B) VAC.
C) CPI.
D) SPI.
E) TCPI.

F) None of the above
G) A) and E)

Correct Answer

verified

Show Answer

Question 33

True/False

Review LaterAdd Note

In calculating schedule variance and cost variance, a negative variance indicates a desirable condition, and a positive variance suggests problems.

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

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

A project manager notices that $1,000 worth of work that was scheduled to be completed at this time has not been accomplished.They know this by looking at the

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

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

________ holds people accountable, prevents small problems from mushrooming into large problems, and keeps focus.

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

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

Jim receives the following information on his project: PV = 1000, EV = 1200, AC = 800, BAC = 2000, EAC = 1333.How is the project doing in terms of schedule?

A Cost/Schedule graph can be interpreted using ___________ and __________ for its axis.

Which of the following is NOT true regarding scope creep?

A Control Chart can be used to estimate schedule trends.

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.

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

The earned value of a project is the

The best method for assigning costs to the baseline under the 50/50 rule is to establish frequent checkpoints over the duration of the work package and assign completion percentages in dollar terms.

Rachel notices that the current EV for her project is higher than both the PV and the AC.Rachel has reason to be concerned.