Podcast
Questions and Answers
What does planned value refer to in project management?
What does planned value refer to in project management?
- A cost estimate of the budgeted resources across the project's life cycle (correct)
- The total budget for the project
- The real budgeted value of the work that has actually been performed to date
- The cumulative total costs incurred in accomplishing the various project work packages
What is the first step in the control cycle?
What is the first step in the control cycle?
- Measuring progress (correct)
- Comparing actual with planned performance
- Setting a goal
- Taking action
What is the formula for the earned value to date divided by the planned value of work scheduled to be performed?
What is the formula for the earned value to date divided by the planned value of work scheduled to be performed?
- Cost performance index (correct)
- Budgeted cost at completion index
- Schedule performance index
- Budget efficiency index
After taking corrective action for deviations from the project plan, what is the next step?
After taking corrective action for deviations from the project plan, what is the next step?
Is the statement about Gap analysis true or false?
Is the statement about Gap analysis true or false?
How can a project manager calculate the projected budget to completion?
How can a project manager calculate the projected budget to completion?
What should project control be tailored to?
What should project control be tailored to?
What are milestones generally considered to be in a project?
What are milestones generally considered to be in a project?
What is contingency money in project management?
What is contingency money in project management?
What does a tracking Gantt chart primarily identify?
What does a tracking Gantt chart primarily identify?
Is positive variance on an S-curve always indicative of significant project progress?
Is positive variance on an S-curve always indicative of significant project progress?
Is it true or false that a time-phased budget allocates costs across both project activities and the anticipated time in which the budget is to be expended?
Is it true or false that a time-phased budget allocates costs across both project activities and the anticipated time in which the budget is to be expended?
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