Podcast
Questions and Answers
What is the purpose of taking corrective action in project control?
What is the purpose of taking corrective action in project control?
- To select performance measures
- To determine the baseline schedule and budget
- To analyze deviations and their causes (correct)
- To update schedules
What kind of information is needed for updating schedules according to the text?
What kind of information is needed for updating schedules according to the text?
- Activities that have been deleted (correct)
- Activities that have not started
- The estimated value of each performance measure
- The baseline schedule
In project control, what should be analyzed to detect current and future deviations?
In project control, what should be analyzed to detect current and future deviations?
- Actual completion date of each activity
- Raw data collection frequency
- Collected data from various sources (correct)
- Activities that are complete
What does the project control system aim to address?
What does the project control system aim to address?
Which type of activities are crucial for updating schedules?
Which type of activities are crucial for updating schedules?
What does the project control system help project managers do?
What does the project control system help project managers do?
Which method is more suitable for large and complex or multistage activities?
Which method is more suitable for large and complex or multistage activities?
What does the Weighted Milestone Method allow project managers to do?
What does the Weighted Milestone Method allow project managers to do?
When does the Start-Finish percentage method work best?
When does the Start-Finish percentage method work best?
In what scenarios would the Supervisor's opinion method be used?
In what scenarios would the Supervisor's opinion method be used?
What type of data does the Progress Table capture?
What type of data does the Progress Table capture?
How does the Weighted Milestone Method differ from the Incremental Milestone Method?
How does the Weighted Milestone Method differ from the Incremental Milestone Method?
What does a positive VAC indicate?
What does a positive VAC indicate?
What does a negative VAC suggest?
What does a negative VAC suggest?
What does TCPI < 1 mean for a project?
What does TCPI < 1 mean for a project?
What does TCPI = 1 indicate for a project?
What does TCPI = 1 indicate for a project?
What does it mean if the VAC value approaches zero?
What does it mean if the VAC value approaches zero?
What is the purpose of TCPI in a project?
What is the purpose of TCPI in a project?
What types of changes can trigger updates to project schedules?
What types of changes can trigger updates to project schedules?
What is considered a schedule-related, but not activity-specific change?
What is considered a schedule-related, but not activity-specific change?
Which frequency of updating project schedules is likely the most common?
Which frequency of updating project schedules is likely the most common?
What negative consequences can arise from infrequent updates to project schedules?
What negative consequences can arise from infrequent updates to project schedules?
Why is achieving the right balance in the frequency of updates crucial for project managers?
Why is achieving the right balance in the frequency of updates crucial for project managers?
In what scenario might a subcontractor be involved in a schedule-related change?
In what scenario might a subcontractor be involved in a schedule-related change?
What does TCPI stand for in project management?
What does TCPI stand for in project management?
How is the monetary value of remaining work calculated in the TCPI formula?
How is the monetary value of remaining work calculated in the TCPI formula?
Which formula should be used to calculate TCPI if the project must be completed within the original budget?
Which formula should be used to calculate TCPI if the project must be completed within the original budget?
What does the TCPI represent in project management when it is greater than 1?
What does the TCPI represent in project management when it is greater than 1?
How can the TCPI be calculated if the project has to be completed within the revised budget (EAC)?
How can the TCPI be calculated if the project has to be completed within the revised budget (EAC)?
What is the purpose of using different TCPI formulas based on whether the original or revised budget needs to be maintained?
What is the purpose of using different TCPI formulas based on whether the original or revised budget needs to be maintained?
