BSIS Exam #1 Questions with correct answers

BSIS Exam #1 Questions with correct answers
A _________ describes the present state of the project and provides compares
the project's actual progress to the baseline plan.
a. Budget report
b. Status report
c. Progress report
d. Forecast report

e. News report - ✔✔b


Schedule Variance (SV) is __________
a. how much time it took to complete the work
b. how long we expected the task to take
c. how much time we have left to complete the project
d. how much time it should have taken to complete the task

e. the difference between the current progress and the original schedule - ✔✔e


The budgeted cost of work scheduled for an activity or component of the WBS is
the _____.
a. Planned Value (PV)
b. Budget At Completion (BAC)
c. Actual Cost (AC)
d. Expected Time Complete (ETC)

e. Estimate at Completion (EAC) - ✔✔a

,A cost variance (CV) can be positive or negative, but never zero. - ✔✔false


Which of the following is not likely a characteristic of a good project metric?:
a. Understandable
b. Quantifiable
c. Cost Effective
d. Subjective

e. High Impact - ✔✔d


A metric that provides an estimate for completing the scheduled work that
remains once the project is started is called the:
a. Planned Value (PV)
b. Budget At Completion (BAC)
c. Actual Cost (AC)
d. Expected Time Complete (ETC)

e. Estimate at Completion (EAC) - ✔✔d


Actual Cost (AC) is __________
a. how much we actually spent for work completed
b. how much we budgeted to spend at the beginning of the project
c. how much of the budget we have left to spend on the project
d. how much of the budget we really should have spent on the work completed so
far

e. None of these - ✔✔a

,Generally, the more metrics one adopts, the greater the project control. -
✔✔false


The Expected Time Complete (ETC) provides an estimate for completing the
scheduled work that remains. - ✔✔true


The cost incurred for completing a scheduled task or WBS component is the
a. Planned Value (PV)
b. Budget At Completion (BAC)
c. Actual Cost (AC)
d. Expected Time Complete (ETC)

e. Estimate at Completion (EAC) - ✔✔c


Earned Value-Actual Cost =
a. Cost performance index (CPI)
b. Scheduled performance index (SPI)
c. Cost Variance (CV)
d. Minimum funds needed (MFN)

e. None of these - ✔✔c


Information distribution includes all of the following EXCEPT:
a. Face-To-Face Meetings
b. Telephone, e-mail, and other wireless devices
c. Web-based technologies
d. None of these are examples of information distribution

, e. All of these are examples of information distribution - ✔✔e


Estimate at Completion (EAC) is __________
a. how much we actually spent for work completed
b. how much we budgeted to spend at the beginning of the project
c. how much of the budget we have left to spend on the project
d. how much of the budget we really should have spent on the work completed so
far

e. how much we spent to complete the project - ✔✔e


If a stakeholder has been judged too adversarial and having a vested interest in
the failure of your project, it would probably be wise to keep him/her out of the
communication loop. - ✔✔false


A project metric should be obtained from observable, quantifiable data that
allows the team and other stakeholders to gauge the efficiency and effectiveness
of the work being done. - ✔✔true


Budget At Completion (BAC) is __________
a. how much we actually spent for work completed
b. how much we budgeted to spend at the beginning of the project
c. how much of the budget we have left to spend on the project
d. how much of the budget we really should have spent on the work completed so
far

e. None of these - ✔✔b