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Exam 13: Progress and Performance Measurement and Evaluation

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Question 31

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The ________ is the difference between the earned value and the actual costs for the work completed to date.

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cost variance
Explanation: Cos...

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Question 32

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The network chart is the most favored, used, and understandable option for reporting project progress to upper management.

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Question 33

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Earned value is calculated by taking the percent complete times the original budget.

Baseline project budgets are derived from:

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

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

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

Interpret the results of calculating the performance indexes based on a range of possible calculated values.

Measuring performance against budget is simply a case of comparing actual versus budget.

In a project control chart, four observations trending in one direction indicate there is a very high probability that there is an identifiable cause.

The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?

A typical tool used to communicate project status is a:

Which of the following are required to assess the current status of a project using the earned-value cost/schedule system?

The ________ indexes compare the to-date progress to the end of the project.

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

The percent complete index that looks at percent complete in terms of budgeted amounts is calculated by which of the following?

The rule of using subjective estimated percent complete in combination with hard, tangible monitoring points works well on long-duration activities that can be broken into short discrete work packages.

CPI and SPI are two types of indexes that measure ________.

An undesirable schedule variance indicates that the project is running behind schedule.

A typical project progress report would contain all of the following sections except: