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Project Control and Performance Measurement Quiz

15 Questions

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Project Control and Performance Measurement Quiz

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Questions and Answers

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?

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?

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)?

The planned time-phased baseline of the value of the work scheduled Signup and view all the answers

What is BAC (Budgeted Cost at Completion)?

The total budgeted cost of the baseline or project cost accounts Signup and view all the answers

What is the primary purpose of estimating time and cost in project management?

To support good decisions Signup and view all the answers

Which type of estimates are usually done by senior management?

Top-down estimates based on analogy Signup and view all the answers

What is the task of balancing expectations of stakeholders and need for control while the project is implemented called?

Estimating Signup and view all the answers

Who typically performs bottom-up estimates in project management?

People who are doing the work Signup and view all the answers

What are top-down estimates usually based on in project management?

Analogy, group consensus, or mathematical relationships Signup and view all the answers

What is the primary goal of project quality management?

To ensure that the project satisfies the needs for which it was undertaken Signup and view all the answers

According to ISO, how is quality defined?

The degree to which a set of inherent characteristics fulfills requirements Signup and view all the answers

What is the task of planning quality management in a project?

Identifying which quality standards are relevant to the project and how to satisfy them Signup and view all the answers

What is the main objective of quality assurance in a project?

To continuously improve the quality of the project Signup and view all the answers

What does fitness for use mean in the context of quality?

Products can be used as intended Signup and view all the answers