ITS 381 ch.11/12
You are the project manager of the GHG Project. Your project has a budget of $567,000 and was expected to last for two years. You have completed the project, but it took you 26 months to complete the project work. Your actual costs for the project came in at $589,987. What is the earned value of this project?
$567,000
You are the project manager of the HGF Project. This project has a budget of $765,000 and is now 20 percent complete. The project was scheduled, however, to be 45 percent complete as of today. Your project has spent $176,324. Based on this information, what is the project's estimated cost at completion?
$881,620
You work as a project manager for Dreams Unlimited Inc. You are looking for performance efficiencies of a project. The related key values are provided in the table below:
+25
If earned value = 500, planned value = 700, and actual costs = 450, calculate the schedule variance.
-200
Which of the following statements are true regarding trend analysis?
-A part of the tool and technique of the Control Costs process -A mathematical formula used to forecast future outcomes -Determines whether project performance is improving or worsening over time
Which of the following sentences describe the tools and techniques of the Monitor Risks process?
-Risk identification and monitoring should occur throughout the life of the project. -Risks should be monitored for their status and to determine whether the impacts to the objectives have changed.
The GHFB project has a BAC of $1,265,000 and is 35 percent complete. However, the project should have been 45 percent complete. In addition, this project has spent $449,652 to date. What is the SPI of this project?
.78
You're preparing a status report for your project stakeholders, based on the performance of your project till date. The project has a budget of $567,000 and is sixty percent complete. However, the project should have been 75 percent complete. The costs of the project till date are ten percent more than what was planned to reach this sixty percent milestone. What is the cost performance index that you should include in your status report?
.91
Maurice is the project manager of the NHQ project and his project team has just finished the project activities. The quality control team reports that the project deliverables are perfect. The only thing left in the project is to verify the scope. This process will be performed by the project stakeholders. Maurice is required to submit a final project report and report on the project performance. Maurice's project had a budget of $234,000 but the money spent is $245,000. In the final report, management wants to know the project's cost performance index (CPI). What value should Maurice report?
.96
You work as a Project Manager for Dreams Unlimited Inc. You are looking for performance efficiencies of a project. The related key values are provided in the table below:
0.792
You know the following information: BAC = 1,500, EAC = 1,700, PV = 475, EV = 500, and AC = 425. What is the correct ETC (estimate to complete)?
1,275
Calculate the to-complete performance index (TCPI) based on the current EAC, using the values: BAC = 15,000, AC = 12,000, EV = 10,000, EAC = 17,000.
1.0
If you know that EV = 250, PV = 300, and AC = 250, what are CPI and SPI, respectively?
1.0 and 0.83
You work as a project manager for Blue Well Inc. You're measuring the schedule efficiency of a project. The related key values are provided in the table below:
1.083
Using the following values, calculate the schedule performance index (SPI): EV = 4,000, PV = 3,500, AC = 5,500.
1.14
During a status meeting, the project sponsor expressed concern in ensuring that the team will complete the project according to plan. He stresses that it is important that the team remains within the $55,000 budget. The sponsor then asks the project manager for a measure of cost performance that would be required for the team to meet his goal, assuming that current performance continued. In addition to the budget, the project manager already knows that the cumulative earned value is $30,000 and that they have spent $35,000 to date. What value will the project manager communicate to the sponsor?
1.25
You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What is the CPI of this project?
1.25
Using the following values, calculate ETC (estimate to complete), assuming that the work is progressing as planned: estimate at completion = 55,000, actual cost = 45,000, earned value = 40,000, planned value = 42,000.
10,000
You know that BAC = 2500, PV = 1250, AC = 1275, EV = 1150, and that you are experiencing typical cost variances. What is ETC?
1500
If earned value = 2,500, planned value = 2,300, and actual costs = 2,200, what is the schedule variance?
200
You know that PV = 470, AC = 430, EV = 460, EAC = 500, and BAC = 525. What is VAC?
25
You know the following information: BAC = 300, PV = 200, EV = 250, and AC = 250. Which of the following is the correct expected total cost at completion if CPI and SPI influence the remaining work?
290
You expect future project performance to be consistent with the project performance experienced to date for this work component. If BAC = 800, ETC = 275, PV = 300, AC = 200, EV = 250, and CPI = 1.25, what is the EAC?
640
You have accepted project performance to date and assume future work (ETC) will be performed at the budgeted rate. If BAC = 800, ETC = 275, PV = 300, AC = 200, EV = 250, and CPI = 1.25, what is the EAC?
750
You are a project manager for Community Trends, a non-profit organization. Your project has come about because of a social need. You're calculating performance measurements and are using actual costs, AC = 425 to date and assuming that ETC, which is 65, work will be completed at the budgeted rate. The other information is BAC = 900, PV = 500, and EV = 475. Which of the following is the correct expected total cost at completion (EAC) given this situation?
850
You assume that cost efficiency will continue to be the same for the duration of the project. If EV = 600, PV = 500, AC = 550, BAC = 1,000, what is the EAC (estimate at completion)?
917
David is a most senior project manager working for a prominent book publishing company. As part of his current project, he oversees the inspection of deliverables, measuring them against documented requirements and acceptance criteria. What does he hope to achieve as part of carrying out this activity?
Accepted deliverables
All of the following are tools and techniques of the Control Schedule process except for which one?
Agile release planning
Your project has experienced some changes to the agreed-on WBS elements. The changes were approved through the proper change control process. The WBS changes might in turn require which of the following?
All of these
Several processes in the Monitoring and Controlling process group involve change requests. According to the question, which of the following is not true?
Approved change requests are an output of the Perform Integrated Change Control and Monitor Risks process.
You are the project manager for ABC Beauty Products. Your project concerns developing a new line of bath products. A quality inspection of one of the new products reveals that the product is nonconforming. Which of the following results in conforming or nonconforming measurements?
Attributes sampling
Which tool and technique of the Monitor Risks process is used to examine the implementation of risk response plans and examine their effectiveness at dealing with risks and their root causes?
Audits
Which of the following formulas is used to know the expected variance at the completion of a project?
BAC - EAC
You work as a project manager for Tech Perfect Inc. Several projects are running under your supervision. Martha, a team leader of a project, informs you about the performance index of her project. The schedule performance index (SPI) of her project is 0.835. What does this figure indicate about SPI?
Below expectation
Which of the following might require re-baselining of the cost baseline?
Budget updates
All of the following are key dimensions that are developed and monitored through earned value management for each work package and control account, except for which one?
Budget value
You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a change has occurred to the product scope because the glitch changed the characteristics of the product. Which of the following statements is true?
Changes to product scope should be reflected in the project scope.
A project manager recently received an agreement to crash the schedule of a project. They begin negotiating with the head of development to include their most senior Java developer in the project. What project management process is the project manager currently using?
Control Resources
Which of the following processes is responsible for monitoring the planned versus actual utilization of physical resources and taking actions as needed?
Control Resources
Using the earned-value analysis technique, a project manager calculates a schedule performance index of 0.75 and a cost performance index of 1.25. To bring the schedule back on track, the project manager decides to allocate additional resources to critical activities to complete them faster. Which project management process is he performing?
Control Schedule
Which of the following options measure the results of processes over time and display the results in graph form?
Control charts
A project manager is leading an effort to develop a new consumer device that is scheduled to go to market within the next six months. Recently, the team experienced a setback when a key set of stakeholders rejected a major deliverable. The primary complaint was that it did not meet the expectations discussed during the early stages of the project. What did the project manager fail to do in this scenario?
Control quality
You are the project manager in an organization and you're currently managing a project to upgrade the organization's workstations and laptops. This project has a budget of $450,000 and you're supposed to be 65 percent complete as of today. Due to some errors, you're only 55 percent complete and you've spent $295,065. You are required to do a performance report on the cost and schedule using earned value management. Which is performing worse in this scenario, cost or schedule?
Cost with a CPI of .84
You work as a project manager for Tech Perfect Inc. Several projects are running under your supervision. Martha, the team leader of a project, provides you with the performance indexes of her project. The cost variance (CV) of her project is -$2,4000. What does this figure depict?
Costs are higher than planned.
Which performance measurement tells you what the projected total cost of the project will be at completion?
EAC
Your project sponsor has asked you for a forecast of the likely cost to complete the work of the project. Which of the following calculations will you use?
ETC, a part of the forecasting tool and technique of the Control Costs process
This measurement is the value of the work that has been completed to date compared to the budget.
EV
Which of the following measurements is the value of the work actually completed?
EV
You are a project manager for Laurel's Theater Productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know all of the following statements are true regarding Control Costs except for which one?
EVM is used to determine the cost performance that must be realized for the remaining work of the project to meet the BAC goal.
Which of the following measurements reflects the value of the work completed to date as it compares to the authorized budgeted amount assigned to the work component?
Earned value
Carina is a principal project manager of You've Got Dogs, a specialty company that creates custom dog apparel and toys. As it is part of her practice, she sits down with her sponsor to evaluate how the project is performing by comparing the performance measurement baseline against actual schedule and cost performance. What technique is Carina using?
Earned value analysis
Sue is in the process of monitoring the progress of the project, which kicked off six months prior. The sponsor of Sue's project requests an update on the expected total cost of completing the work. What information is the sponsor requesting?
Estimate at completion
Which of the following are the tools and techniques of the Control Costs process?
Expert judgment Data analysis To-complete performance index
You are the project manager of a construction company that is building a new city and a county office in your city. You recently looked over the construction site to determine whether the work to date conformed to the requirements and quality standards. Which tool and technique of the Control Quality process were you using?
Inspection
All of the following are true regarding the Monitor Risks process except for which one?
Involves the development of risk responses
Indicate if each of the given statements about a control chart is true or false.
It measures the results of processes over time and displays the results in numerical form. FALSE It calculates variances to determine whether process variances are in control or out of control. TRUE It is based on quality control measurements. FALSE It is used mostly in manufacturing settings where repetitive activities are easily monitored. TRUE
Click to select the inputs of the Control Costs process.
Project management plan (cost management plan, cost baseline, performance measurement baseline) Project documents (lessons learned register) Project funding requirements Work performance data Organizational process assets
Management wants Beth to create a project scope baseline as part of her project management plan. Beth reports that there's already a project scope baseline and it's comprised of three documents in the project plan. All of the following are part of the project scope baseline except for which one?
Project statement of work
Common causes of variances are a result of all of the following except for which?
Quantifiable variances
Which of the following are alternative names for inspection?
Review Walkthrough Audit
Which of the following are the other terms for inspections?
Reviews Peer reviews Audits
Which of the following sentences is not true regarding the tools and techniques of the Monitor Risks process?
Risk audits should occur toward the later phases of the project.
You have just completed scope validation for your project. This process creates three deliverables for the organization. Which one of the following is not an output of the validate scope process?
Risk identification
The project team recently participated in a working session to examine and document the effectiveness of risk responses in dealing with overall project risk. What is this working session, or meeting, called?
Risk review
What are the performance measurements for the Control Schedule process?
SV = (EV − PV) and SPI = (EV / PV)
Which tool within the data representation tools and techniques in the Control Quality process is sometimes used to show planned performance against actual performance?
Scatter diagram
You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a variance has occurred. Which of the following is true?
Scatter diagrams display the relationships between an independent and a dependent variable to show variations in the process over time.
Which of the following statements is true regarding schedule variances?
Schedule variances sometimes impact the schedule.
A quality manager is inspecting a subset of deliverables produced to measure controls and verify quality. Which of the following is a valid tool or technique to assist the quality manager in performing this activity?
Statistical sampling
Which tool and technique of the Control Costs process is the projected or estimated cost performance the remaining work of the project must achieve to meet the BAC or EAC?
TCPI
You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What do you know about this project?
The CV is a positive number in this case, which means you're under budget as of the measurement date.
You are a project manager working on manufacturing a new product. The operational process is very detailed. One of the components of the product must measure 1 centimeter by 1 centimeter. Reliability is measured using a machine that samples one part in every hundred to assure the measurements are correct. Which of the following does this question describe?
This is statistical sampling, which is a tool and technique of the Control Quality process.
Which of the following describes the Control Resources process?
This process ensures physical resources are available at the time they are needed and at the location they are needed.
A project manager facilitates the voting process for decision-makers who have convened to review a major deliverable completed. The intent of the meeting is to vote on whether to approve and accept the deliverable. Which project management process are they performing?
Validate Scope
A project manager has just carried out quality control activities to verify the correctness of a series of deliverables produced. What project management process is the project manager likely to perform next?
Validate Scope
Which project management process is responsible for formal acceptance of deliverables?
Validate Scope
You are a project manager for Dakota Software Consulting Services. You're working with a major retailer that offers its products through mail-order catalogs. It is interested in knowing customer characteristics, the amounts of first-time orders, and similar information. The stakeholders have accepted the project scope. Work has begun on the project, and you're confirming some of the initial work results with the stakeholders. You've asked for acceptance of the work results. Which process are you performing?
Validate Scope
You are a project manager for a construction project. The project is being terminated early. Your team is documenting the level and extent of completion of the project. Which of the following processes are you working on?
Validate Scope
You are the project manager for a top-secret software project for an agency of the United States government. Getting top-secret clearances for contractors takes quite a bit of time, and waiting for clearances would jeopardize the implementation date. Your mission—should you choose to accept it—is to complete the project using internal resources. Your programmers are 80 percent of the way through the programming and testing work when your agency appoints a new executive director. Your programmers are siphoned off this project to work on the executive director's hot new project. Which of the following addresses the purpose of Validate Scope in this case?
Validate Scope documents the level and degree of completion.
A project manager notices that due to wastage in the project work, the cost and schedule expectations are not being met. She decides to perform a variance analysis. Which one of the following statements best describes variance analysis in a project?
Variance analysis is an after-the-fact look at what caused a difference between the baseline and the actual performance.
Fill in the blanks by dragging the appropriate analysis from the bottom onto their correct boxes.
Variance analysis works with defined factors in the set of scope, cost, and schedule variables that affect them, whereas trend analysis determines whether project performance is improving or worsening over time by periodically analyzing project results.
A project manager facilitates the voting process for decision-makers who have convened to review a major deliverable completed. The intent of the meeting is to vote on whether to approve and accept the deliverable. What key input will the committee need to refer to vote?
Verified deliverables
A risk manager is preparing to perform a risk audit. As part of this activity, the risk manager requests the status of risk responses implemented and updates on identified risks. Which input of the Monitor Risks process is the risk manager requesting?
Work performance data
Click to select the outputs of the Control Costs process.
Work performance information Cost forecasts Change requests Project management plan updates (cost management plan, cost baseline, performance measurement baseline) Project documents updates (assumption log, basis of estimates, cost estimates, lessons learned register, risk register)
Your project progressed as planned until yesterday. Suddenly, an unexpected risk event occurred. You quickly devised a response to deal with this negative risk event using which of the following?
Workarounds
You know that BAC = 500, PV = 325, AC = 275, CPI = 0.9, and EV = 250, and you are using actual costs to date and assuming ETC uses the budgeted rate. Variance at completion tells you which of the following?
−25
Alyssa is a risk manager supporting multiple projects. As part of performing risk management activities for her largest project, she facilitates a working session to compare technical accomplishments to the schedule of technical objectives. Which project management process is she performing?
Monitor Risks
The project team recently participated in a working session to examine and document the effectiveness of risk responses in dealing with overall project risk. What project management process are they performing?
Monitor Risks
Validate Scope and Control Scope are Project Scope Management processes that belong to which project management process group?
Monitoring and Controlling
You are a seasoned Project Manager who has recently been managing a project to generate discrete automation parts. As part of your project, you have obtained from your PMO, a set of quality checklists, which you have assigned to one of your team members to complete. Which process group activity did you just perform?
Monitoring and Controlling
You are the project manager for a project which will produce a mobile phone application that sends alerts when the UV rays are at dangerous levels, alerting users to stay indoors. You are in the process of measuring schedule performance against the schedule baseline. This activity is associated with what process group?
Monitoring and Controlling
You are the project manager of a manufacturing process. Your project will focus on the creation of 987,600 handheld printers to be used in grocery stores around the world. The printers are manufactured largely by machine though there are several steps in the process where project team members will need to manually configure the devices. Management will be completing statistical sampling of the printers and they have established an upper control limit of 980 correct out of 1,000 and a lower control limit of 970 out of 1,000. Your expected mean is 975. The management expects you to create a graph which measures variances. What is it called if your result exceeds 980 correct out of a 1,000 in any given measurement?
Out of control
Which performance measurement is the cost of the work that has been authorized and budgeted for a WBS component?
PV
Which performance measurement tells you the cost of the work that has been authorized and budgeted for a WBS component?
PV
A negative result from an SV calculation means which of the following?
PV is higher than EV.
Which of the following options rank-order the factors for corrective action by the frequency of occurrence?
Pareto diagrams
A project manager is in the process of monitoring cost performance using the earned value analysis technique to determine whether any existing variances against the plan are within the established tolerance levels. In addition to work performance data, what valid input can assist the project manager in performing this activity?
Performance measurement baseline
Your project sponsor has asked you to monitor the project results for conformity to standards. You will use the tool and techniques of the Control Quality process to help identify and resolve problems related to quality defects. With which of the following options these tools can be used?
Plan-Do-Check-Act cycle
Drag the EVM key measurement to its description.
Planned value (PV): The cost of work that has been authorized and budgeted for a schedule activity or WBS component Actual cost (AC): The real cost of completing the work component in a given time period Earned value (EV): The amount of the work completed to date as it compares to the authorized budgeted amount assigned to the work component
You know that EAC = 375, PV = 300, AC = 200, and EV = 250. You expect the work of the project to continue as planned. What is the ETC?
You know that EAC = 375, PV = 300, AC = 200, and EV = 250. You expect the work of the project to continue as planned. What is the ETC?