Question 1

Which of the following methods will measure the scheduling efficiency of the work accomplished to date?

Accepted Answer

A)   SV / CV
B)   EV / PV
C)   EV / AC
D)   AC / SV
E)   AC / CV

Question 2

What is the percent complete rule and what role does it play when developing an earned value cost / schedule system?

Accepted Answer

The percent complete rule is used when s...

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

The baseline chart is created during the...

Question 5

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

Accepted Answer

Schedule variance presents an overall as...

Question 6

The schedule variance for a project is calculated by:

Accepted Answer

A)   EV − AC
B)   AC − SV
C)   PV − EV
D)   CV − EV
E)   EV − PV

Question 7

The earned value of a project is the

Accepted Answer

A)   project cost to date adjusted for project scope changes.
B)   total project cost to date.
C)   cost incurred minus the planned cost.
D)   percent of the original budget that has been earned by work that is completed.
E)   the planned time-phased baseline of the value of work scheduled.

Question 8

When reviewing the cost variance on a project, you compare Earned Value with

Accepted Answer

A)   actual cost.
B)   realized risks.
C)   planned value.
D)   Both actual cost and planned value.
E)   All of these alternatives are correct.

Question 9

Baseline costs typically include labor, equipment, materials and direct overhead cost.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

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.

Question 11

Most changes will not result in serious scope changes and should be absorbed as positive or negative variances.

Accepted Answer

A) True 
 B)False

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Which performance index is the most potentially misleading?

Accepted Answer

A)   CPI
B)   EV
C)   CV
D)   SV
E)   EAC

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Of the following costs, which are NOT included in baseline?

Accepted Answer

A)   Suppliers
B)   Equipment
C)   Labor
D)   Budget reserves
E)   Contractors

Question 17

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? Support your answer.

Accepted Answer

You don't know for sure. The project may...

Question 18

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the ____________ rule.

Accepted Answer

A)   estimated completion
B)   estimated cost
C)   percent complete
D)   estimation
E)   estimation method

Question 19

A CPI or SPI value less than one indicates that the project is currently

Accepted Answer

A)   under cost or behind schedule.
B)   over cost or ahead of schedule.
C)   under cost or ahead of schedule.
D)   over cost or behind schedule.
E)   on cost or on schedule.

Question 20

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.

Accepted Answer

The PCIB assumes the original budget of ...

Exam 13: Progress and Performance Measurement and Evaluation

What is the percent complete rule and what role does it play when developing an earned value cost / schedule system?

Correct AnswerverifiedThe percent complete rule is used when s...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

When reviewing the cost variance on a project, you compare Earned Value with

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe baseline chart is created during the...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Baseline costs typically include labor, equipment, materials and direct overhead cost.

Correct AnswerverifiedShow Answer

Most changes will not result in serious scope changes and should be absorbed as positive or negative variances.

Correct AnswerverifiedShow Answer

Of the following costs, which are NOT included in baseline?

Correct AnswerverifiedShow Answer

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? Support your answer.

Correct AnswerverifiedYou don't know for sure. The project may...View AnswerShow Answer

A CPI or SPI value less than one indicates that the project is currently

Correct AnswerverifiedShow Answer

Which performance index is the most potentially misleading?

Correct AnswerverifiedShow Answer

Which of the following methods will measure the scheduling efficiency of the work accomplished to date?

Correct AnswerverifiedShow Answer

The schedule variance for a project is calculated by:

Correct AnswerverifiedShow Answer

When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the ____________ rule.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedSchedule variance presents an overall as...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedThe PCIB assumes the original budget of ...View AnswerShow Answer

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.

Correct AnswerverifiedShow Answer

The earned value of a project is the

Correct AnswerverifiedShow Answer

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The percent complete rule is used when s...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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The baseline chart is created during the...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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You don't know for sure. The project may...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Schedule variance presents an overall as...
View Answer

Correct Answer
verified

Correct Answer
verified
The PCIB assumes the original budget of ...
View Answer

Correct Answer
verified

Correct Answer
verified