Question 1 Using baseline, scheduled, and actual data, MP can help to compare the effects of issues such as: Future risks Time and cost variances Resource changes All of the above None of the above...




Question 1
Using baseline, scheduled, and actual data, MP can help to compare the effects of issues such as:




Future risks





Time and cost variances





Resource changes





All of the above




None of the above


Question 2


When determining a project's progress and results, which of the following are good areas to consider?





Internal project issues





Financial issues





Customer issues



All of the above


Question 3


Earned Value is a way to track project performance against a baseline. One way to use earned value is as a snapshot view of the current status when data was last gathered. Which of the following terms are associated with earned value as a current status?





To-Complete Performance Index (TCPI)





Planned Value (PV)





Schedule Variance (SV)





Cost Variance (CV)





All of the above




B, C, & D only


Question 4


The Balanced Scorecard Approach contends that performance can be determined by considering multiple perspectives, including financial, but in combination with others.



True



False


Question 5



Which of the following are common types of project control?



Negotiation Control





Go/No-Go Control




Steering Control





All of the above




B & C only


Question 6


Which of the following kinds of datasets are needed by MP to calculate a project's current status and future predictions?





Baseline Data





Scheduled Data




Actual Data



All of the above


Question 7


Explain the primary reason for tracking a project's progress. What does decision making have to do with it? Why and how?


Question 8


It doesn't matter when project team members give status updates on their assigned tasks just as long as they indicate that the tasks are 100% complete before the project ends.



True



False


Question 9


Which of the following are common quality control tools used in projects?





Control Chart





Flow Chart






Pareto Chart






SWOT Analysis






Histogram






All of the above





A, B, C, & E only


Question 10


A project manager can allow a member of the project team to authorize when to start some of the project work. The timing of tasks is based on work packages and put into the project plan. But which of the following are examples that can create new tasks that are not in the plan, and which someone must authorize when to start the work?





Uncovering an issue that must be fixed, such as a product defect





A tradeoff between low and high priority projects and the resources they share





Both of the above


Question 11


A critical role of the project manager is to control scope by avoiding or minimizing scope creep, which would alter one or more project deliverables.



True



False


Question 12


Using a balanced scorecard approach and the idea of control, the project manager should track a project's progress by first looking at the various elements involved in interrelationships in the project, and controlling each on its own. After thoroughly understanding each element, the project manager can judge how a change in one will likely impact the others.



True



False


Question 13


Sometimes projects plan for the potential of new, yet-unknown risks by creating a contingency reserve. Contingency reserves always consist solely of funds.



True



False


Question 14


The close relationship between scope, schedule, and costs are often controlled at the same time because of project changes to one affecting the others.



True



False


Question 15


With earned value, the variables of cost and schedule are viewed separately: Costs are evaluated to be either over or under budget, and the schedule is judged to be running on time or not.



True



False


Question 16


When quality standards are met, stakeholders are reassured that the project tasks are the right ones and that the project is progressing well.



True



False


Dec 05, 2021
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