Question 1

The Schedule Performance Index (SPI)is a schedule performance measure expressed as the ratio of earned value (EV)to planned value (PV).

Accepted Answer

A) True 
 B)False

Question 2

The control quality process deals with using correct policies and convincing stakeholders that the project team is capable of producing good output.

Accepted Answer

A) True 
 B)False

Question 3

Some organizations rely upon a formal group authorized and responsible for reviewing,evaluating,approving,delaying,or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process.This group is typically known as a:​

Accepted Answer

A)   stakeholder review board. 
B)   change control board. 
C)   project evaluation committee. 
D)   steering committeeE) A) and B)
F) C) and D)

Question 4

Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control.

Accepted Answer

A) True 
 B)False  True

Question 5

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project.As such it is equivalent to:​

Accepted Answer

A)   the total planned value of the project. 
B)   the total earned value of the project. 
C)   the total actual cost of the project. 
D)   the total value of the work completed to dateE) All of the above
F) B) and C)

Question 6

In a control chart,a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention.

Accepted Answer

A) True 
 B)False

Question 7

Quality control activities generally include all of the following EXCEPT:​

Accepted Answer

A)   Management by objectives 
B)   Deliverable peer reviews 
C)   Inspection 
D)   TestingE) All of the above
F) B) and C)

Question 8

All of the following accurately apply to project performance reporting EXCEPT:​

Accepted Answer

A)   Progress report meetings are a great way to capture lessons learned. 
B)   Performance can be reported at fixed time intervals or at key project milestones. 
C)   Progress can be reported at varying degrees of frequency depending on the stakeholders. 
D)   The same report format should be used for all stakeholdersE) None of the above
F) A) and B)

Question 9

A quality audit is a project management and quality tool that is a structured process to ensure project activities comply with organizational policies.

Accepted Answer

A) True 
 B)False

Question 10

One useful method of process improvement involves consideration of how another organization performs a process,identifying and analyzing best practices for improvement ideas.This method is known as:​

Accepted Answer

A)   comparative improvement 
B)   benchmarking 
C)   root cause analysis 
D)   voice of the customerE) A) and B)
F) C) and D)

Question 11

In order to determine that a project is progressing adequately,a project manager could use a balanced scorecard approach to evaluate the organization along supplier,external business,risk and human resource perspectives.

Accepted Answer

A) True 
 B)False

Question 12

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks,identifying new risks,monitoring residual risks,and evaluating the effectiveness of the risk response process throughout the project.

Accepted Answer

A) True 
 B)False

Question 13

When reporting performance to sponsors and management,it is often helpful to organize the information in terms of three time horizons: past,current and future.

Accepted Answer

A) True 
 B)False

Question 14

This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box,by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteration.​

Accepted Answer

A)   Control chart 
B)   Burndown chart 
C)   Run chart 
D)   Progress reportE) A) and B)
F) B) and D)

Question 15

Describe how you would adopt a balanced score card approach to evaluate your project performance.Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify.

Accepted Answer

Key concepts to be covered in the respon...

Question 16

With respect to performance reporting,which of these are the actual and raw observations and measurements gathered during execution of project activities?

Accepted Answer

A)   Work performance information 
B)   Work performance data 
C)   Work performance reports
D)   Work performance analysisE) None of the above
F) All of the above B

Question 17

The Cost Variance (CV)is a cost performance measure expressed as the ratio of earned value (EV)to actual cost (AC).

Accepted Answer

A) True 
 B)False

Question 18

The purpose of a check sheet is to quickly understand the primary causes of a particular problem using the 80/20 rule.

Accepted Answer

A) True 
 B)False  False

Question 19

Earned Value (EV)is the approved value of the work to be completed in a given time.

Accepted Answer

A) True 
 B)False

Question 20

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report?(October 31, 20XX) 
-Consider the project performance report presented in figure 14.1.As a project manager,these results should lead you to...​

Accepted Answer

A)   take actions to understand and remedy the schedule performance on the active avionics work packages. 
B)   take actions to understand and resolve budgetary overruns on the active communications work packages. 
C)   take actions to understand and remedy the schedule performance on the active training work packages. 
D)   notify the project owner that you will not require all of the funding currently budgeted for this project.E) None of the above
F) A) and B)

Exam 14: Determining Project Progress and Results

The Schedule Performance Index (SPI)is a schedule performance measure expressed as the ratio of earned value (EV)to planned value (PV).

Correct AnswerverifiedShow Answer

The control quality process deals with using correct policies and convincing stakeholders that the project team is capable of producing good output.

Correct AnswerverifiedShow Answer

Some organizations rely upon a formal group authorized and responsible for reviewing,evaluating,approving,delaying,or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process.This group is typically known as a:​

Correct AnswerverifiedShow Answer

Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control.

Correct AnswerverifiedTrue

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project.As such it is equivalent to:​

Correct AnswerverifiedShow Answer

In a control chart,a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention.

Correct AnswerverifiedShow Answer

Quality control activities generally include all of the following EXCEPT:​

Correct AnswerverifiedShow Answer

All of the following accurately apply to project performance reporting EXCEPT:​

Correct AnswerverifiedShow Answer

A quality audit is a project management and quality tool that is a structured process to ensure project activities comply with organizational policies.

Correct AnswerverifiedShow Answer

One useful method of process improvement involves consideration of how another organization performs a process,identifying and analyzing best practices for improvement ideas.This method is known as:​

Correct AnswerverifiedShow Answer

In order to determine that a project is progressing adequately,a project manager could use a balanced scorecard approach to evaluate the organization along supplier,external business,risk and human resource perspectives.

Correct AnswerverifiedShow Answer

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks,identifying new risks,monitoring residual risks,and evaluating the effectiveness of the risk response process throughout the project.

Correct AnswerverifiedShow Answer

When reporting performance to sponsors and management,it is often helpful to organize the information in terms of three time horizons: past,current and future.

Correct AnswerverifiedShow Answer

This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box,by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteration.​

Correct AnswerverifiedShow Answer

Describe how you would adopt a balanced score card approach to evaluate your project performance.Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify.

Correct AnswerverifiedKey concepts to be covered in the respon...View AnswerShow Answer

With respect to performance reporting,which of these are the actual and raw observations and measurements gathered during execution of project activities?

Correct AnswerverifiedB

The Cost Variance (CV)is a cost performance measure expressed as the ratio of earned value (EV)to actual cost (AC).

Correct AnswerverifiedShow Answer

The purpose of a check sheet is to quickly understand the primary causes of a particular problem using the 80/20 rule.

Correct AnswerverifiedFalse

Earned Value (EV)is the approved value of the work to be completed in a given time.

Correct AnswerverifiedShow Answer

Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report?(October 31, 20XX) -Consider the project performance report presented in figure 14.1.As a project manager,these results should lead you to...​

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Some organizations rely upon a formal group authorized and responsible for reviewing,evaluating,approving,delaying,or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process.This group is typically known as a:

Correct Answer
verified

Correct Answer
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True

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project.As such it is equivalent to:

Correct Answer
verified

Correct Answer
verified

Quality control activities generally include all of the following EXCEPT:

Correct Answer
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All of the following accurately apply to project performance reporting EXCEPT:

Correct Answer
verified

Correct Answer
verified

One useful method of process improvement involves consideration of how another organization performs a process,identifying and analyzing best practices for improvement ideas.This method is known as:

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box,by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteration.

Correct Answer
verified

Correct Answer
verified
Key concepts to be covered in the respon...
View Answer

Correct Answer
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B

Correct Answer
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Correct Answer
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False

Correct Answer
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Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report?(October 31, 20XX) -Consider the project performance report presented in figure 14.1.As a project manager,these results should lead you to...

Correct Answer
verified