Question

1 In regard to Project Work, which activity refers to “reviewing the progress and capturing project...

1 In regard to Project Work, which activity refers
to “reviewing the progress and capturing project
performance data with reference to the project
plan, developing performance measures, and
communicating performance information?”
a. controlling
b. monitoring
c. executing
d. managing

3 Which of the following formulas represents the
schedule performance index (SPI)?
a. EV/PV
b. EV PV
c. EV AC
d. EV/AC

4 If your sponsor asks for an estimate as to how
much more money your team needs to complete
all project work as scheduled, which of the following
formulas might you use?
a. BAC EAC
b. EV/PV
c. (BAC EV)/CPI
d. (BAC EV)/(EAC AC)

5 What is the final step in the Perform Integrated
Change Control process?
a. Review Change Proposals
b. Manage changes to deliverables and Project
Management Plan
c. Estimate impact of proposed changes on
project goals
d. Approve or Decline change requests

7 Which quality control tool is sometimes referred
to as a “fishbone diagram” because it places a
problem statement at the head of the fishbone
and uses each “big bone” in the fish’s skeleton
as a category of probable cause, in order to determine
the root cause of the problem?
a. Ishikawa diagram
b. Pareto diagram
c. Control chart
d. Force field analysis

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans 1: b. monitoring

Ans 2: a. EV/PV

Ans 3: c. (BAC EV)/CPI

Ans 4: d. Approve or Decline change requests

Ans 5: a. Ishikawa diagram

Add a comment
Know the answer?
Add Answer to:
1 In regard to Project Work, which activity refers to “reviewing the progress and capturing project...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • to chapter 1. Given the following information for a one-year project, answer the following questions. Recall...

    to chapter 1. Given the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $22,000 EV = $20,000 AC = $25,000 BAC = $120,000 a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project? b. How is the project doing? Is it ahead...

  • Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question...

    Remaining Time: 57 minutes, 05 seconds Less than half of the team Question Comeletion Status Question 10 Save A You have a project to be completed in 12 months. The budget for the project is 100.000 USD. Six months have passed, and 60.000 USD has been spent. On closer review, you find that only 40% of the work has become to date. Based on these figures, answer the following questions to receive full grade you must show your work 1....

  • Project ABC Scope = 10 chairs @ $10.00 = $100.00 PV = Timeframe = 10 days...

    Project ABC Scope = 10 chairs @ $10.00 = $100.00 PV = Timeframe = 10 days AC = At the End of the 5th day 4 chairs were EV = Completed at a cost of $11.00 each CV = CPI= SV = SPI= CR = To install a 10,000 feet fence at a cost of $10.00/per foot. It is estimated that 500 feet of fence can be installed per week for a total of 20 weeks. After 12 weeks and...

  • 4. You are the project finance manager on a project that is coming in over budget...

    4. You are the project finance manager on a project that is coming in over budget and requires a cost change through the cost change control system. You know all of the following statements are true regarding the Control Costs process except A description of how cost changes should be managed and controlled is found in the cost management plan. Approved cost changes are reflected in the cost baseline. The equation, (BAC-AC)/(BAC-EV) is used to determine the cost performance that...

  • Complete the following exercises and submit them in a word document (10 points). Project ABC Scope...

    Complete the following exercises and submit them in a word document (10 points). Project ABC Scope = 10 chairs @ $10.00 = $100.00 PV = Timeframe = 10 days At the End of the 5th day 4 chairs were EV = Completed at a cost of $11.00 each CPLE SV = SPIE To install a 10,000 feet fence at a cost of $10.00/per foot. It is estimated that 500 feet of fence can be installed per week for a total...

  • The SPI, which can be used to estimate project completion date, is calculated by? A. EV/PV...

    The SPI, which can be used to estimate project completion date, is calculated by? A. EV/PV B. EV/AC C. BAC-ETC D. Budget - Cost

  • 2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate....

    2. You are 4.5 months into a 6-month, $12,000 project with a planned linear spend rate. You have an earned value of $8,500 and you have spent $10,000. What is your EAC? (2 points) 3. The earned value on your project is $15,000, the planned value is $20,000, and the actual cost is $18,000. What is your current schedule variance (in $)? (1 point) 5. You are working on a large project and have determined that your cost variance is...

  • 4. a. To be effective, the risk management process should be applied throughout the project and...

    4. a. To be effective, the risk management process should be applied throughout the project and at all levels of system decomposition and project organization b. focus on risks that senior management finds most critical include a meeting with key stakeholders to identify risks and develop response strategies d. be applied primarily during concept and closeout and to some extent during planning and implementation C. 5. Which of the following help to define the deliverables of a project a. Work...

  • You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned...

    You are given the following information for a one-year project: Planned Value (PV) - $23,000, Earned Value (EV) - $20,000, Actual Cost (AC) = $20,000, and Budget at Completion (BAC) = $120,000. Answer each of the questions below to complete your assignment. Use the same numbers as the assignment when you give your answer, I only grade answers that correspond the assignment questions. 1. For this one-year project calculate: a. cost variance, b. schedule variance, C. cost performance index (CPI),...

  • Your project exceeded costs in the past caused by an underestimation of resource costs in the...

    Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: 51.200.000. EV: 51.000.000. AC: $1.200.000 You expect the underestimation to influence the future as much as it did in the past. If the value of the remaining work (BAC - EV) is at 51.000.000, what should be your new EAC (estimate at completion)? A) $1.800.000 B) $2.000.000 C) $2.200.000 D) $2.400.000

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT