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

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

Question 2When revising the estimated cost at completion, there are two approaches. The EACre is determined by experts in the field and the EACf is a mathematical approach which assumes the CPI as the basis for forecasting cost at completion.

Question 3A Control Chart can be used to estimate schedule trends.

Question 4Jim 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?

Question 5A negative Cost Variance combined with a negative Schedule Variance is an indicator of

Question 6Which of the following is NOT true regarding scope creep?

Question 7The baseline is derived from merging information from the work packages with the project network.

Question 8A CPI or SPI value less than one indicates that the project is

Question 9Baseline costs typically include labor, equipment, materials and direct overhead cost.

Question 10A project can have a negative Schedule Variance and still be ahead of schedule when

Question 11The final step in the project control process for measuring and evaluating project performance is to

Question 12The 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.

Question 13In monitoring project time (schedule) performance, actual performance should be compared to

Question 14For a more complex project, statistical analysis can be applied to a Control Chart to identify potential causes of schedule deviation.

Question 15Which of the following methods will measure the cost efficiency of the work accomplished to date?

Question 16A “rubber baseline” occurs when, in an effort to disguise poor performance, the baseline changes to constantly match results.

Question 17Deciding 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.

Question 18The third step in the project control process for measuring and evaluating project performance is to

Question 19The only accurate method for determining the true time progress of the project is to compare the project network schedule against the actual network schedule to measure if the project is on time.

Question 20A 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.

Question 21The second step in the project control process for measuring and evaluating project performance is to

Question 22The schedule variance for a project is calculated by:

Question 23The PV, AC and CV are all required to assess the current status of the project.

Question 24The cost variance for a project is calculated by

Question 25Jessica just received the following information on her project: PV = 200, EV = 300, AC = 250, BAC = 1500, EAC = 1208. In terms of cost at completion.

Question 26Which of the following methods of variance analysis is the best indicator of how far off the budget a project will be at completion?

Question 27The PCIC index measures the project percent complete in relation to the resources that have actually been used so far on the project.

Question 28Sally receives the following information on her project: PV = 100, AC = 75, EV = 100. How well is the project doing in terms of budget?

Question 29The first step in the project control process for measuring and evaluating project performance is to

Question 30Causes for Scope Creep can include

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