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 51

Multiple Choice

Review LaterAdd Note

Review Later

The schedule variance for a project is calculated by:

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

Correct Answer

verified

Show Answer

Question 52

True/False

Review LaterAdd Note

Review Later

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

Correct Answer

verified

Show Answer

Question 53

Essay

Review LaterAdd Note

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

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

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.

Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

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

The _________ index measures the project percent complete in relation to the resources that were budgeted.

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.

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

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

When revising the estimated cost at completion, there are two approaches.The EAC_re is determined by experts in the field and the EAC_f is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work.Nancy got this information from viewing the

The start of a task may be moved on a Tracking Gantt due to

Schedule variance measures progress in time units.

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

A project control system allows for comparing actual performance against plan to identify deviations; however, the system doesn't impact the quality of communication between stakeholders.

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

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

Sally receives the following information on her project: PV = 100, AC = 75, EV = 100.How well is the project doing in terms of budget?