Which performance index is the most potentially misleading?

1 A ________ Gantt chart is a simple and effective way to depict progress on a project.

Control

Tracking

Simple

Baseline

Variance

2 A project monitoring system involves all of the following EXCEPT

Determining what data to collect.

Adjusting the data.

Reporting current progress.

Analysis of the data.

Determining how, when, and who will collect the data.

3 An analysis carried out during and shortly after the project life cycle that attempts to capture positive and negative learning is represented in which of the following?

Performance evaluation

Lessons learned

Scenario analysis

Strategic objectives

Variance analyses

4 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.

The project will currently finish under budget.

The project will currently finish on budget.

The project will currently finish over budget.

The project will currently finish behind schedule.

There is insufficient information to draw conclusions.

5 Jim receives the following information on his project: PV = 1000, EV = 1200, AC = 800, BAC = 2000, EAC = 1333. How is the project doing in terms of schedule?

The same amount of work has been done than planned

More work has been done than planned

The project has cost less than planned

Less work has been done than planned

There is not enough information to draw a conclusion

6 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

TCPI.

CPI.

SPI.

SV.

PCIB.

7 The cost variance for a project is calculated by

EV - PV.

PV - EV.

AC - SV.

CV - EV.

EV - AC.

8 The earned value system starts with the time-phased costs that provide the project baseline, which is called the

Earned value of work scheduled.

Planned budgeted value of work scheduled.

Scheduled value of work completed.

Scheduled value of work scheduled.

Planned budgeted value of work completed.

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

Review the project priority matrix.

Determine the project objectives.

Analyze the project budget.

Set a baseline plan.

Determine the project deliverables.

10 The following are general tips for conducting performance reviews EXCEPT

Be fair and consistent in your treatment of all team members.

Use other team members' performance as a method to compare and evaluate.

Begin the process by asking the individual to evaluate his or her own contributions to the project.

When you have to be critical, focus the criticism on specific examples of behavior and not on the individual personally.

Treat the review as only one point in an ongoing process.

11 The most common circumstance for project closure is simply a ________ project.

Successful

Completed

Over-budget

Underachieving

Overdue

12 The purpose of project evaluation is to assess how well

The project team and team members performed.

The project team, team members and project manager performed.

The project team performed.

The project manager performed.

The team members performed.

13 The schedule variance for a project is calculated by:

PV - EV

AC - SV

CV - EV

EV - PV

EV - AC

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

Compare the plan against actual performance.

Analyze inputs to the control system.

Review spending with team members.

Review the baseline plan with top management.

Measure both progress and performance.

15 The typical mechanism for the evaluation of teams is normally

A survey completed by the team members.

A survey completed by the internal or external customers.

A survey completed by members of top management.

An analysis by an outside consultant.

A personal interview of each team member.

16 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

0/100 percent rule.

Work complete rule.

Task complete rule.

Degree complete rule.

Percent complete rule.

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

AC/CV

SV/CV

EV/PV

EV/AC

AC/SV

18 Which of the following would NOT be appropriate to assess when evaluating team performance?

Effectiveness of group decisions

How well the team performed in terms of time, cost, and specifications

Individual strengths and weaknesses

Customer satisfaction with project deliverables

Trust among group members

19 Which performance index is the most potentially misleading?

EV

CV

EAC

CPI

SV

20 ________ of lessons learned are designed to improve performance on current and future projects.

Culminations

Retrospectives

Evolutions

Corrective action plans

Introspectives