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| 1 | |
The second step in the project control process for measuring and evaluating project performance is to |
| | 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 |
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| 2 | |
A ___________ Gantt chart is a simple and effective way to depict progress on a project. |
| | A) | Baseline |
| | B) | Control |
| | C) | Variance |
| | D) | Tracking |
| | E) | Simple |
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| 3 | |
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 |
| | A) | Project control chart |
| | B) | Gantt chart |
| | C) | PERT chart |
| | D) | Network diagram |
| | E) | Milestone chart |
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| 4 | |
The earned value system starts with the time-phased costs that provide the project baseline, which is called the |
| | A) | Planned budgeted value of work scheduled |
| | B) | Planned budgeted value of work completed |
| | C) | Earned value of work scheduled |
| | D) | Scheduled value of work scheduled |
| | E) | Scheduled value of work completed |
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| 5 | |
The cost variance for a project is calculated by |
| | A) | EV-AC |
| | B) | AC-SV |
| | C) | PV-EV |
| | D) | CV-EV |
| | E) | EV-PV |
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| 6 | |
Baseline project budgets are derived from |
| | A) | The organization's overall budget |
| | B) | Time-phasing the work packages |
| | C) | Top management directions |
| | D) | The total direct, direct project overhead and G&A overhead costs |
| | E) | The earned value system |
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| 7 | |
Of the following costs, which are NOT included in baseline? |
| | A) | Suppliers |
| | B) | Equipment |
| | C) | Labor |
| | D) | Budget reserves |
| | E) | Contractors |
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| 8 | |
Which of the following methods will measure the cost efficiency of the work accomplished to date? |
| | A) | SV/CV |
| | B) | EV/PV |
| | C) | EV/AC |
| | D) | AC/SV |
| | E) | AC/CV |
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| 9 | |
A CPI or SPI value less than one indicates that the project is |
| | 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 |
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| 10 | |
The value that tells you the planned value of work that has actually been completed is the |
| | A) | SV |
| | B) | PV |
| | C) | EV |
| | D) | AC |
| | E) | CV |
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| 11 | |
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 |
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| 12 | |
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 |
| | A) | SV |
| | B) | TCPI |
| | C) | CPI |
| | D) | SPI |
| | E) | PCIB |
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| 13 | |
Sally receives the following information on her project: PV=100, AC=75, EV=100. How well is the project doing in terms of budget? |
| | A) | Right on budget |
| | B) | 25 under budget |
| | C) | 25 over budget |
| | D) | 50 under budget |
| | E) | 50 over budget |
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| 14 | |
Jessica just received the following information on her project: PV =200, EV=300, AC=250, BAC=1500, EAC=1208. In terms of cost at completion |
| | A) | The project will currently finish under budget |
| | B) | The project will currently finish over budget |
| | C) | The project will currently finish on budget |
| | D) | The project will currently finish behind schedule |
| | E) | There is insufficient information to draw conclusions |
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| 15 | |
Which of the following is NOT true regarding scope creep? |
| | A) | It commonly occurs late in projects |
| | B) | It is frequently unnoticed until time delays or cost overruns are observed |
| | C) | It wears down team motivation and cohesiveness |
| | D) | Project suppliers resent frequent changes |
| | E) | Scope changes can represent significant opportunity |
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