BSIS TEST 3 Exam #1 Questions with correct answers
The project manager must have a clear picture of how the actual progress or work
compares to the baseline plan in order to make well-informed decisions, take
appropriate actions, or to make adjustments to the project plan. - ✔✔True
If a stakeholder has been judged to adversarial and having a vested interest in the
failure of your project, it would probably be wise to keep him out of the
communication loop. - ✔✔False
All of the project stakeholders should receive exactly the same information
regarding the project's progress in order to eliminate any miscommunication. -
✔✔False
The project communications plan may be informal depending on the needs of the
project stakeholders and the size of the project. - ✔✔True
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
One attribute of a good project metric is that it should be subjective so that a
stakeholder can understand the project manager's personal opinion or insight as
to how the project is progressing. - ✔✔False
A good project metric should be understandable, quantifiable, cost effective,
proven, and be effective. - ✔✔True
,Generally, the more metrics one adopts, the greater the project control. -
✔✔False
Planned value (PV) is the planned or budgeted cost of work scheduled for an
activity or component of the WBS. - ✔✔True
Earned value provides a performance measurement that tells us how much of the
budget we really should have spent for the work completed so far. - ✔✔True
Budget At Completion (BAC) is the total planned cost of a project. - ✔✔True
As a project manager, you would be pleased see a Cost Performance Index CPI
less than one (1) for your project. - ✔✔False
The Schedule Performance Index (SPI) for our project is greater than one (1) and
so we would anticipate that all other things being equal, our project will finish
ahead of schedule. - ✔✔True
The schedule variance (SV) shows the difference between the current progress of
the project and its original or planned value. - ✔✔True
A cost variance (CV) can be positive or negative, but never zero. - ✔✔False
The Expected Time Complete (ETC) provides an estimate for completing the
scheduled work that remains. - ✔✔True
, The Estimate At Completion (EAC) is a project metric that can be used to estimate
the most likely total or final cost of the project based on the project's
performance and any risks that should be considered. - ✔✔True
The purpose of a project review is to not only show evidence that the project
work is being completed, but also that the work is being completed according to
various standards or agreed upon requirements. - ✔✔True
Given the advances that have been made in telecommunications and IT
technology in general, there is little value or necessity today for Face-to-Face
(F2F) meetings. - ✔✔False
Which of the following is not likely a characteristic of a good project metric?: -
✔✔d) Subjective
Earned Value tells us __________ - ✔✔d) how much of the budget we really
should have spent on the work completed so far
Budget At Completion (BAC) is __________ - ✔✔b) how much we budgeted to
spend at the beginning of the project
Actual Cost (AC) is __________ - ✔✔a) how much we actually spent for work
completed
Cost Variance (CV) is __________ - ✔✔e) the difference between the estimated
cost and how much we have actually spent
The project manager must have a clear picture of how the actual progress or work
compares to the baseline plan in order to make well-informed decisions, take
appropriate actions, or to make adjustments to the project plan. - ✔✔True
If a stakeholder has been judged to adversarial and having a vested interest in the
failure of your project, it would probably be wise to keep him out of the
communication loop. - ✔✔False
All of the project stakeholders should receive exactly the same information
regarding the project's progress in order to eliminate any miscommunication. -
✔✔False
The project communications plan may be informal depending on the needs of the
project stakeholders and the size of the project. - ✔✔True
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
One attribute of a good project metric is that it should be subjective so that a
stakeholder can understand the project manager's personal opinion or insight as
to how the project is progressing. - ✔✔False
A good project metric should be understandable, quantifiable, cost effective,
proven, and be effective. - ✔✔True
,Generally, the more metrics one adopts, the greater the project control. -
✔✔False
Planned value (PV) is the planned or budgeted cost of work scheduled for an
activity or component of the WBS. - ✔✔True
Earned value provides a performance measurement that tells us how much of the
budget we really should have spent for the work completed so far. - ✔✔True
Budget At Completion (BAC) is the total planned cost of a project. - ✔✔True
As a project manager, you would be pleased see a Cost Performance Index CPI
less than one (1) for your project. - ✔✔False
The Schedule Performance Index (SPI) for our project is greater than one (1) and
so we would anticipate that all other things being equal, our project will finish
ahead of schedule. - ✔✔True
The schedule variance (SV) shows the difference between the current progress of
the project and its original or planned value. - ✔✔True
A cost variance (CV) can be positive or negative, but never zero. - ✔✔False
The Expected Time Complete (ETC) provides an estimate for completing the
scheduled work that remains. - ✔✔True
, The Estimate At Completion (EAC) is a project metric that can be used to estimate
the most likely total or final cost of the project based on the project's
performance and any risks that should be considered. - ✔✔True
The purpose of a project review is to not only show evidence that the project
work is being completed, but also that the work is being completed according to
various standards or agreed upon requirements. - ✔✔True
Given the advances that have been made in telecommunications and IT
technology in general, there is little value or necessity today for Face-to-Face
(F2F) meetings. - ✔✔False
Which of the following is not likely a characteristic of a good project metric?: -
✔✔d) Subjective
Earned Value tells us __________ - ✔✔d) how much of the budget we really
should have spent on the work completed so far
Budget At Completion (BAC) is __________ - ✔✔b) how much we budgeted to
spend at the beginning of the project
Actual Cost (AC) is __________ - ✔✔a) how much we actually spent for work
completed
Cost Variance (CV) is __________ - ✔✔e) the difference between the estimated
cost and how much we have actually spent
