What is the definition of Earned Value Management? A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool. B. An approach that combines the schedule and cost baseline into a project performance and progress measurement tool. C. An approach that combines the scope and cost baseline into a project performance and progress measurement tool.

What is the definition of Earned Value Management?

A. An approach that combines the scope, schedule, and cost baseline into a project 

performance and progress measurement tool. 

B. An approach that combines the schedule and cost baseline into a project performance 

and progress measurement tool. 

C. An approach that combines the scope and cost baseline into a project performance and 

progress measurement tool.
by

1 Answer

Answer :

A. An approach that combines the scope, schedule, and cost baseline into a project 

performance and progress measurement tool.
by

Related questions

Earned value management integrates scope, cost, and schedule measures to: A. assess project performance and progress. B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Description : Earned value management integrates scope, cost, and schedule measures to:  A. assess project performance and progress.  B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Last Answer : A. assess project performance and progress.

Which of the following project baselines provides the basis for measurement of the expected cash flow against requirements over time and is often displayed as an S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Description : Which of the following project baselines provides the basis for measurement of  the expected cash flow against requirements over time and is often displayed as an  S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Last Answer : b. Cost performance baseline

The Scope Baseline is: 1. the original description of the project's end results 2. a summary description of the project's original content and end product, including basic budgetary and time constraint data 3. the original project budget and schedule 4. a and c

Description : The Scope Baseline is: 1. the original description of the project's end results  2. a summary description of the project's original content and end product, including basic  budgetary and time constraint data 3. the original project budget and schedule  4. a and c

Last Answer : 2. a summary description of the project's original content and end product, including basic  budgetary and time constraint data

Amount of work completed to date compared with planned in the Earned Value Management method is A. Schedule Performance Index B. Cost Performance Index C. Percentage Complete D .Percentage Spent

Description : Amount of work completed to date compared with planned in the Earned Value  Management method is  A. Schedule Performance Index  B. Cost Performance Index  C. Percentage Complete  D .Percentage Spent

Last Answer : C. Percentage Complete

Which of the following makes up the project scope baseline? A. The project scope statement B. The scope management plan and WBS C. The WBS, project scope statement, and WBS dictionary D. The scope management plan, the WBS, and the WBS dictionary

Description : Which of the following makes up the project scope baseline?  A. The project scope statement B. The scope management plan and WBS C. The WBS, project scope statement, and WBS dictionary D. The scope management plan, the WBS, and the WBS dictionary

Last Answer : C. The WBS, project scope statement, and WBS dictionary

In the project management theory, balancing scope, schedule, and cost goals is often termed as (A) triangular dilemma (B) triple constraint (C) fundamental trade-off (D) project portfolio management

Description : In the project management theory, balancing scope, schedule, and cost goals is often termed as (A) triangular dilemma (B) triple constraint (C) fundamental trade-off (D) project portfolio management

Last Answer : (B) triple constraint

. If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : . If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

. If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : . If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Description :  A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Last Answer : A. Cost Baseline

In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the: A. Action plan B. Critical path C. Schedule baseline D. Slack line

Description :  In a project schedule, the sequence of activities which cannot be delayed during the  course of the project without extending the project end date is referred to as the:  A. Action plan B. Critical path C. Schedule baseline D. Slack line

Last Answer : B. Critical path

The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project c. the lack of tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors

Description : The most significant challenge to project managers is _____.  a. lack of project management training  b. no one really understands how to manage a complex systems development project  ... tools that can assist in controlling project progress  d. unrealistic schedule demands by project sponsors

Last Answer : d. unrealistic schedule demands by project sponsors

The network diagram is the best tool for demonstrating: A. Schedule variancesB. Resource requirements C. The sequence of project activities D. Schedule performance over time

Description : The network diagram is the best tool for demonstrating:  A. Schedule variances B. Resource requirements C. The sequence of project activities  D. Schedule performance over time

Last Answer : C. The sequence of project activities

When calculating EVM, Peter noticed that the cumulative planned value is 150% of the cumulative earned value. What does this mean? Select one: a. SPI<1, so the project is behind schedule. b. SPI>1, so the project is OK to complete on time. c. SPI<1, so the project is ahead of time. d. SPI>1, so the project is behind schedule. e. SPI>1, so the project is on schedule.

Description : When calculating EVM, Peter noticed that the cumulative planned value is 150%  of the cumulative earned value. What does this mean? Select one: a. SPI1, so the project is OK to complete on time. c. SPI1, so the project is behind schedule. e. SPI>1, so the project is on schedule.

Last Answer : a. SPI

Controlling the changes in the project may affect (A)The progress of the project (B)Stage cost (C)Project scope (D)All of the abov

Description : Controlling the changes in the project may affect (A)The progress of the project (B)Stage cost (C)Project scope (D)All of the abov

Last Answer : (D)All of the abov

Which of the following is displayed as an S curve? A. Gantt B. Cost baseline C. Critical path D. Schedule baseline

Description : Which of the following is displayed as an S curve?  A. Gantt B. Cost baseline C. Critical path D. Schedule baseline

Last Answer : B. Cost baseline

The basic approach to Earned Value is toA. Sum up the Work Package Earned Values to calculate the Earned Value of the Control Account and ultimately the Project B. Multiply the percent complete by the value of the Work Package to calculate the "Earned Value" for that package C. Estimate a percent complete for each WBS Work Package D. All of the above

Description : The basic approach to Earned Value is to A. Sum up the Work Package Earned Values to calculate the Earned Value of the Control  Account and ultimately the Project  B. Multiply the percent complete by ... that package  C. Estimate a percent complete for each WBS Work Package  D. All of the above

Last Answer : D. All of the above

The project manager works with the project sponsor to identify the necessary resources and team members needed to further develop the key project parameters – Cost, Scope, Schedule, and Quality (CSSQ). (True/False)

Description : The project manager works with the project sponsor to identify the necessary resources  and team members needed to further develop the key project parameters – Cost, Scope,  Schedule, and Quality (CSSQ). (True/False)

Last Answer : Ans. True

Scope, cost, and schedule are some of the parameters used for project negotiation. (True/False)

Description : Scope, cost, and schedule are some of the parameters used for project negotiation.  (True/False)

Last Answer : Ans. True

The most common reason for schedule and cost overruns that surface after the project is underway is scope creep.

Description : The most common reason for schedule and cost overruns that surface after the project  is underway is scope creep.

Last Answer : Ans: True

What are the key components in the "Triple constraint Triangle"? A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.)C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money

Description : What are the key components in the "Triple constraint Triangle"?  A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.) C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money

Last Answer : B. Scope, Time, Cost, Project (Ans.)

A risk is defined as what might happened to the ____________ of the project 1. assessment 2. detriment 3. schedule 4. cost 5. scope

Description : A risk is defined as what might happened to the ____________ of the project 1. assessment  2. detriment  3. schedule  4. cost  5. scope

Last Answer : 2. detriment

Complete the following statement. As a project manager, Darrell is excited that he is assigned to be in charge of the most important project this year. After being chartered for the project, he analyses the information in the project charter and the stakeholder register to: Select one: a. decide how to draft a scope statement. b. start to define and develop the stakeholder needs and requirements c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Description : Complete the following statement. As a project manager, Darrell is  excited that he is assigned to be in charge of the most important project  this year. After being chartered for the project, he ... c. prepare for the template to monitor project progress. d. estimate the entire project budget.

Last Answer : b. start to define and develop the stakeholder needs and requirements

A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by  an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Last Answer : e. quality audit

. An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Description : . An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Last Answer : b. capture learning and document it for future usage.

An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified

Description : An important aim of a post-project review is to:  a. validate overall progress to date against the budget and schedule.  b. capture learning and document it for future usage.  c. ... of all permanent documentation, signed by the sponsor.  d. establish that project benefits have been identified

Last Answer : b. capture learning and document it for future usage.

Which of the following is typically a written document that defines what work will be accomplished by the end of the project?Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure

Description : Which of the following is typically a written document that defines what work  will be accomplished by the end of the project? Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure

Last Answer : a. Scope of work (SOW)

A project budget estimate that is developed with the least amount of knowledge is known as which of the following?Select one: a. Rough order of magnitude (ROM) estimate b. Scope of work estimate c. Conceptual estimate d. Line estimate e. Milestone schedule estimate

Description :  A project budget estimate that is developed with the least amount of  knowledge is known as which of the following? Select one: a. Rough order of magnitude (ROM) estimate b. Scope of work estimate c. Conceptual estimate d. Line estimate e. Milestone schedule estimate

Last Answer : c. Conceptual estimate

A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure accomplishment of project objectives 3. Is only needed on large mega projects 4. Is a system for controlling and executing project documentation in an uniform and timely manner

Description : A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc  2. Is a mechanism which reacts to the current project status in order to endure ... 4. Is a system for controlling and executing project documentation in an uniform and timely  manner

Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc

The Scope Statement should contain which of the following? 1. Project schedule 2. Project budget constraints 3. Summary of project tasks , deliverables and resources required 4. Project objectives

Description : The Scope Statement should contain which of the following? 1. Project schedule  2. Project budget constraints  3. Summary of project tasks , deliverables and resources required  4. Project objectives

Last Answer : 4. Project objectives

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term  can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

Which of these characteristics are used to determine the scope of a project? a. Only performance. b. Only context. c. Information objectives, function, performance d. None of the above.

Description : Which of these characteristics are used to determine the scope of a project? a. Only performance. b. Only context. c. Information objectives, function, performance d. None of the above.

Last Answer : c. Information objectives, function, performance

Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk

Description : Which risk is connected to the circumstance outside the project that may influence the  scope of work and the performance of the organization?  A.Operational Risk  B.Financial Risk  C.Strategic Risk  D.Contextual Risk

Last Answer : D.Contextual Risk

The budgeted cost for all the activities in a project with the help of Earned Value Method is A. Actual Cost B. Budget at completion C. Budget for completion D. Estimate at completion

Description : The budgeted cost for all the activities in a project with the help of Earned Value  Method is  A. Actual Cost  B. Budget at completion  C. Budget for completion  D. Estimate at completion

Last Answer : D. Estimate at completion

Work that continues throughout the project and does not relate to any specific phase of development is termed a(n) a) Milestone b) Project function c) Activity d) Task e) Baseline.

Description : Work that continues throughout the project and does not relate to  any specific phase of development is termed a(n) a) Milestone b) Project function c) Activity d) Task e) Baseline.

Last Answer : b) Project function

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms

Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life cycle.

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms.

Description : Which one of the following statements best defines an estimate?  a. An approximation of project time and cost targets, refined throughout the project life  cycle.  b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms.

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life  cycle.

Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

Description : Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

Last Answer : A. Conduct Procurements

Which of the following is true about management meetingc. They are purely fact-based meetings with a left-brain type focus. d. They have very little dialogue except to ask clarification questions. e. They are oriented toward developing plans, tracking progress of existing plans, and making adjustments to plans in response to new information.s? Select one: a. They are short meetings to develop a common understanding of what the short-term priorities are for the project. b. They focus on short-term activities, usually less than a week in duration.

Description : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term  priorities are for the project. ... , tracking progress of existing plans, and  making adjustments to plans in response to new information.

Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and  making adjustments to plans in response to new information.

Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control ProcurementsD. Close Procurements

Description : Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get  clarification on the work that needs to be performed. Which phase of Project Management is in  progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

Last Answer : A. Conduct Procurements

Scope creep is only a minor factor in projects running over schedule, and every effort should be made to incorporate any changes into the present system if they would truly be beneficial.

Description : Scope creep is only a minor factor in projects running over schedule, and every effort  should be made to incorporate any changes into the present system if they would truly be  beneficial.

Last Answer : Ans: False

Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Last Answer : a. All variance to the project scope is evaluated.

What should be done by the project manager to ensure that all the work in the project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.

Description : What should be done by the project manager to ensure that all the work in the  project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.

Last Answer : c. Create a WBS.

According to the Project Management Institute (PMI), the scope statement should address all of the following issues EXCEPT: Select one: a. project constraints. b. project assumptions c. project exclusions. d. code of conduct for the team members working on the project. e. project deliverables.

Description : According to the Project Management Institute (PMI), the scope statement should  address all of the following issues EXCEPT: Select one: a. project constraints. b. project assumptions c. project ... d. code of conduct for the team members working on the project. e. project deliverables.

Last Answer : d. code of conduct for the team members working on the project.

Your company has asked you to be the project manager for the product introduction of its new DeskTop Rock media system. You recently published the project scope statement. Which of the following is not contained in D. Project configuration management requirementsthe project scope statement? A. Constraints B. Project specifications C. Requested changes

Description : Your company has asked you to be the project manager for the product introduction  of its new DeskTop Rock media system. You recently published the project scope  statement. Which ... . Constraints  B. Project specifications  C. Requested changes D. Project configuration management requirements

Last Answer : C. Requested changes

Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected

Description : Which one of the following does project change control primarily seek to ensure?  a. All variance to the project scope is evaluated.  b. No reduction in the perceived quality of the project outcome ... project do not increase.  d. Any decrease in the scoped deliverable of the project is rejected

Last Answer : a. All variance to the project scope is evaluated.

The Scope Management Plan is included in which of the following documents. 1. Project Plan 2. The Work Breakdown Structure 3. The Scope Statement 4. Project Specifications

Description : The Scope Management Plan is included in which of the following documents. 1. Project Plan  2. The Work Breakdown Structure  3. The Scope Statement  4. Project Specifications

Last Answer : 3. The Scope Statement

) One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: 1. Work breakdown structure 2. Project scope 3. Contract 4. Internal memo

Description : ) One of the initial project documents, issued by senior management, which outlines the  authority of the project manager, is called Project charter. As a seller, what other document can  be used in this place: 1. Work breakdown structure  2. Project scope  3. Contract  4. Internal memo

Last Answer : 3. Contract