BUSI 313 Ch.13 Exam With Complete Solutions
A project monitoring system involves which of the following? - ANSWER
Deciding what data to collect
Collecting and analyzing data
Reporting on the data
In a project monitoring system, data collected from ____ activity duration,
resource usage, and costs are compared against ____ activity duration,
resource usage, and costs. - ANSWER actual; planned
Which of the following might collect data on a project? - ANSWER Project team;
project manager; contractors; Engineers
Project progress reports are designed and communicated in ____. - ANSWER
written or oral form
steps for measuring and evaluating project performance - ANSWER Setting a
baseline plan
Measuring progress and performance
Comparing plan against actual
Taking action
A system for determining what data to collect, analyzing that data; and reporting
current progress is called a project ____ system. - ANSWER monitoring
In project monitoring information systems, ___ determine(s) what data to collect.
- ANSWER the metrics used for project control
What is the second step in building a project monitoring information system? -
ANSWER Data collection and analysis
Control is a process of comparing actual performance against plan to identify
deviations, evaluate possible alternative courses of actions, and take
appropriate corrective action. - ANSWER true
In the project control process, the ____ provides the project control process with
the elements for measuring performance. - ANSWER baseline
Time and budgets are _________ measures of performance that readily fit into the
integrated information system. - ANSWER quantitative
, The third step in the project control process of the measurement and evaluation
of project performance is ___. - ANSWER comparing planned against actual
performance
The fourth step in the project control process of the measurement and
evaluation of project performance is to ____________. - ANSWER take necessary
corrective actions
A major goal of progress reporting is to catch any negative variances from plan
as early as possible to determine if corrective action is necessary. The project
network schedule, derived from the ______, serves as the baseline to compare
against actual performance. - ANSWER Work breakdown structure (WBS)
How far into the future does a tracking Gantt chart go at the start of the project?
- ANSWER It depends
Measuring progress and performance is the _______ step in creating a project
control system for measuring and evaluating project performance. - ANSWER
second
Usually status reports should take place every ____________. - ANSWER one to
four weeks
Control charts are frequently used to monitor progress on the ________. -
ANSWER critical path
If deviations from plans are significant, _____ will be needed to bring the project
back in line with the original or revised plan. - ANSWER corrective action
____ schedules are often used to keep more distal stakeholders informed on the
progress of a project - ANSWER milestone
What is the major goal of progress reporting? - ANSWER To determine whether
corrective action is necessary
Earned value for a task is the budgeted value of the work accomplished. Work
accomplished is often measured in terms of percentages (e.g., 25% complete) in
which case, EV is simply percent complete times its original budget. - ANSWER
EV
The planned time-phased baseline of the value of the work scheduled. An
approved cost estimate of the resources scheduled in a time-phased cumulative
baseline - ANSWER PV
Actual cost of the work completed. The sum of the costs incurred in
accomplishing work - ANSWER AC
A project monitoring system involves which of the following? - ANSWER
Deciding what data to collect
Collecting and analyzing data
Reporting on the data
In a project monitoring system, data collected from ____ activity duration,
resource usage, and costs are compared against ____ activity duration,
resource usage, and costs. - ANSWER actual; planned
Which of the following might collect data on a project? - ANSWER Project team;
project manager; contractors; Engineers
Project progress reports are designed and communicated in ____. - ANSWER
written or oral form
steps for measuring and evaluating project performance - ANSWER Setting a
baseline plan
Measuring progress and performance
Comparing plan against actual
Taking action
A system for determining what data to collect, analyzing that data; and reporting
current progress is called a project ____ system. - ANSWER monitoring
In project monitoring information systems, ___ determine(s) what data to collect.
- ANSWER the metrics used for project control
What is the second step in building a project monitoring information system? -
ANSWER Data collection and analysis
Control is a process of comparing actual performance against plan to identify
deviations, evaluate possible alternative courses of actions, and take
appropriate corrective action. - ANSWER true
In the project control process, the ____ provides the project control process with
the elements for measuring performance. - ANSWER baseline
Time and budgets are _________ measures of performance that readily fit into the
integrated information system. - ANSWER quantitative
, The third step in the project control process of the measurement and evaluation
of project performance is ___. - ANSWER comparing planned against actual
performance
The fourth step in the project control process of the measurement and
evaluation of project performance is to ____________. - ANSWER take necessary
corrective actions
A major goal of progress reporting is to catch any negative variances from plan
as early as possible to determine if corrective action is necessary. The project
network schedule, derived from the ______, serves as the baseline to compare
against actual performance. - ANSWER Work breakdown structure (WBS)
How far into the future does a tracking Gantt chart go at the start of the project?
- ANSWER It depends
Measuring progress and performance is the _______ step in creating a project
control system for measuring and evaluating project performance. - ANSWER
second
Usually status reports should take place every ____________. - ANSWER one to
four weeks
Control charts are frequently used to monitor progress on the ________. -
ANSWER critical path
If deviations from plans are significant, _____ will be needed to bring the project
back in line with the original or revised plan. - ANSWER corrective action
____ schedules are often used to keep more distal stakeholders informed on the
progress of a project - ANSWER milestone
What is the major goal of progress reporting? - ANSWER To determine whether
corrective action is necessary
Earned value for a task is the budgeted value of the work accomplished. Work
accomplished is often measured in terms of percentages (e.g., 25% complete) in
which case, EV is simply percent complete times its original budget. - ANSWER
EV
The planned time-phased baseline of the value of the work scheduled. An
approved cost estimate of the resources scheduled in a time-phased cumulative
baseline - ANSWER PV
Actual cost of the work completed. The sum of the costs incurred in
accomplishing work - ANSWER AC
