Podcast
Questions and Answers
What is the purpose of project control process?
What is the purpose of project control process?
- To compare plan against actual
- To take action
- To set a baseline plan
- To measure progress and performance (correct)
What is EV (Earned Value) for a task?
What is EV (Earned Value) for a task?
- The percent complete times its original budget (correct)
- The difference between the earned value and the actual costs for the work completed to date
- The planned time-phased baseline of the value of the work scheduled
- The sum of the costs incurred in accomplishing work
What does CV (Cost Variance) represent?
What does CV (Cost Variance) represent?
- The sum of the costs incurred in accomplishing work
- The difference between the earned value and the baseline line to date
- The planned time-phased baseline of the value of the work scheduled
- The difference between the earned value and the actual costs for the work completed to date (correct)
What is PV (Planned Value)?
What is PV (Planned Value)?
What is BAC (Budgeted Cost at Completion)?
What is BAC (Budgeted Cost at Completion)?
What is the primary purpose of estimating time and cost in project management?
What is the primary purpose of estimating time and cost in project management?
Which type of estimates are usually done by senior management?
Which type of estimates are usually done by senior management?
What is the task of balancing expectations of stakeholders and need for control while the project is implemented called?
What is the task of balancing expectations of stakeholders and need for control while the project is implemented called?
Who typically performs bottom-up estimates in project management?
Who typically performs bottom-up estimates in project management?
What are top-down estimates usually based on in project management?
What are top-down estimates usually based on in project management?
What is the primary goal of project quality management?
What is the primary goal of project quality management?
According to ISO, how is quality defined?
According to ISO, how is quality defined?
What is the task of planning quality management in a project?
What is the task of planning quality management in a project?
What is the main objective of quality assurance in a project?
What is the main objective of quality assurance in a project?
What does fitness for use mean in the context of quality?
What does fitness for use mean in the context of quality?
