Project Management Monitoring and Control

<p>It allows for overlapping phases of the project to save time (D)</p> Signup and view all the answers

<p>They help compile schedule data to reflect actual project progress (B)</p> Signup and view all the answers

<p>It improves collaboration and communication among stakeholders. (B)</p> Signup and view all the answers

<p>Early identification of risks. (C)</p> Signup and view all the answers

<p>Timely identification of project timelines. (A)</p> Signup and view all the answers

<p>Quantitative and qualitative approach. (D)</p> Signup and view all the answers

<p>Schedule adherence. (A)</p> Signup and view all the answers

<p>To provide an overview of availability and capacity of resources. (A)</p> Signup and view all the answers

<p>It fosters better client engagement and service. (D)</p> Signup and view all the answers

<p>Efficiency in using available resources. (A)</p> Signup and view all the answers

<p>Miscommunication leading to project delays. (C)</p> Signup and view all the answers

<p>To identify, manage, and mitigate risks (D)</p> Signup and view all the answers

<p>Satisfaction of external stakeholders (D)</p> Signup and view all the answers

<p>Ensures timely completion of tasks (B)</p> Signup and view all the answers

<p>Ignoring variances from the plan (B)</p> Signup and view all the answers

<p>Cost Management Plan (B)</p> Signup and view all the answers

<p>Current status of tasks and deliverables (C)</p> Signup and view all the answers

<p>They can confuse stakeholders (D)</p> Signup and view all the answers

<p>Stakeholder Satisfaction Reports (B)</p> Signup and view all the answers

<p>By enabling teams to meet deadlines and overcome obstacles (C)</p> Signup and view all the answers

<p>Variance Analysis (D)</p> Signup and view all the answers

<p>Comparing actual results with expected results (B)</p> Signup and view all the answers

<p>Customer retention rate (B)</p> Signup and view all the answers

<p>To inform stakeholders about project progress (B)</p> Signup and view all the answers

<p>An unexpected event that can be either negative or positive (B)</p> Signup and view all the answers

<p>Total number of project team members (B)</p> Signup and view all the answers

<p>Managing progress to ensure successful project delivery (B)</p> Signup and view all the answers

<p>Earned Value Report (C)</p> Signup and view all the answers

<p>It allows for recognition of deviations from the plan. (D)</p> Signup and view all the answers

<p>Risk Assessment Report (C)</p> Signup and view all the answers

<p>The project manager (D)</p> Signup and view all the answers

<p>Schedule Management Plan (B)</p> Signup and view all the answers

<p>Resource optimization techniques (A)</p> Signup and view all the answers

<p>Schedule forecasts (A)</p> Signup and view all the answers

<p>A point of reference for measuring performance (B)</p> Signup and view all the answers

<p>To prevent changes from affecting the entire project schedule (B)</p> Signup and view all the answers

<p>Gap analysis (C)</p> Signup and view all the answers

<p>Change requests (A)</p> Signup and view all the answers

Comparing actual project results with expected results, considering factors like customer satisfaction, stakeholder feedback, and process efficiency.

An unexpected event in a project, either positive or negative, requiring mitigation or exploitation.

Monitoring project resource utilization, billable vs. non-billable hours, schedule variance, scheduled vs. actual hours, and revenue per resource.

A communication tool used to update stakeholders on project milestones.

A report tracking project budget spending.

A report showing how a project is currently progressing.

Monitoring and managing project progress to ensure on-time and within-budget completion.

Identifying and addressing potential problems to minimize the negative impact on a project.

Problems in sharing information effectively, leading to misunderstandings and delays in projects.

Giving accurate and timely information about project status to stakeholders.

Responding to unexpected events and making adjustments to the project plan.

Recording how employees use their time on a project.

A plan that details available resources (personnel, materials, and time) and their allocation to different project tasks.

Metrics used to evaluate project progress and success.

Measuring how closely the project is completing tasks by the planned schedule.

Examining different project scenarios to predict their positive or negative impacts on project goals.

Calculating multiple project durations using probability distributions to account for uncertainty in activity estimates.

Adjusting the start time of successor activities during network analysis to create a realistic schedule. Leads speed up a task, while lags delay it.

Techniques used to shorten project deadlines without reducing project scope. Includes crashing and fast tracking.

Adding more resources to activities to shorten their duration in order to meet the project deadline.

The process of monitoring project costs, managing any changes to the budget, and taking action to minimize risks related to cost overruns.

The approved, time-phased budget for the project, including all planned costs.

A detailed plan describing how project costs will be planned, estimated, budgeted, monitored, and controlled.

The anticipated expenditures and liabilities associated with completing the project.

Information about the project's actual progress, including completed tasks, current status, and achieved deliverables.

Existing policies, procedures, tools, and guidelines related to cost control within the organization.

Controlling costs aims to ensure that the project stays within budget, minimizes risks associated with financial overruns, and allows for corrective action when necessary.

The Cost Baseline provides a reference point for comparing actual costs against planned costs, allowing for early identification of variances and enabling corrective action.

Work Performance Data helps monitor the actual progress and costs of the project, providing real-time information to identify areas requiring adjustments or additional resources.

Organizational Process Assets provide pre-existing best practices, tools, and guidelines for managing costs, ensuring consistency, efficiency, and leveraging existing knowledge.

The process of monitoring project activities to update progress, manage schedule changes, and minimize risk.

A reference point for comparing actual project schedule performance, used to identify deviations and trigger corrective actions.

Describes how the project schedule will be managed and controlled, outlining procedures for tracking, updating, and responding to changes.

Steps taken to bring project performance back on track after a deviation from the baseline.

Steps taken to proactively avoid potential schedule deviations before they occur.

Data collected from monitoring project activities, reflecting actual progress made.

Predictions about future schedule performance, based on current progress and identified risks.

Formal requests for modifications to the project schedule, submitted when deviations occur.

Modifications to the overall project management plan, reflecting changes in the schedule and other aspects.

Updating organizational knowledge base with lessons learned from managing the project schedule.