2023 Question 1 The first step in the project control process of the | Assignments Online
2023 Question 1 The first step in the project control process of the | Assignments Online
Assignments Online 2023 Business Finance
Question 1
The first step in the project control process of the measurement and evaluation of project performance is to
Answer
Set a baseline plan
Determine the project objectives
Determine the project deliverables
Analyze the project budget
Review the project priority matrix
Question 2
The third step in the project control process of the measurement and evaluation of project performance is to:
Answer
Review the baseline plan with top management
Analyze inputs to the control system
Compare the plan against actual performance
Measure both progress and performance
Review spending with team members
Question 3
A project monitoring system involves all of the following except:
Answer
Determining what date to collect
Determining how, when, and who will collect the data
Adjusting the data
Analysis of the data
Reporting current progress
Question 4
The last step in the project control process of the measurement and evaluation of project performance is to:
Answer
Take appropriate action
Prepare a report to top management
Follow up on corrective action
Measure progress and performance
Review spending with team members
Question 5
The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?
Answer
EV/BAC
(EV-PV)/BAC
AC/EAC
(EV-AC)/BAC
(EV-PV)/EAC
Question 6
The second step in the project control process of the measurement and evaluation of project performance is to:
Answer
Review the baseline plan with top management
Analyze inputs to control system
Compare plan against actual
Measure progress and performance
Review spending with team members
Question 7
Small refinements that eventually build to be major changes are known as:
Project erosion
Scope creep
|
Specification adjustments |
|
|
Specification refinements |
Continuous improvements
Question 8
In monitoring project time (schedule) performance actual performance should be compared to:
Answer
Budgets for the current year
Top management’s targets
Project network schedule derived from the WBS/OBS
Progress on similar past projects
Previous status reports
Question 9
Implementing closedown includes the following major activities except:
Answer
Getting delivery acceptance from the customer.
Shutting down resources and releasing to new uses.
Closing accounts and seeing all bills are paid.
E-mail the project team that the project is complete.
Creating a final report.
Question 10
In the Snapshot from Practice, New Balls Goes Flat in NBA, is an example of a project gone wrong when the _______ is/are not consulted.
Answer
Manufacture
Equipment and facilities managers
End-users
The Fans
Project manager
Question 11
__________ of lessons learned are designed to improve performance on current and future projects.
Answer
Retrospectives
Corrective action plans
Introspective
Culmination
Evolution
Question 12
Many projects will fail because of circumstances beyond the control of the project team is called:
Answer
Normal
Premature
Perpetual
Failed Project
Changed Priority
Question 13
The section of the final project report that new project teams are likely to find most useful is the:
Answer
Analysis
Recommendations
Classification of project
Lessons learned
Strategic objectives
Question 14
When the project may be completed early with some parts of the project eliminated this is considered to be ___________ closure.
Answer
Normal
Premature
Perpetual
Changed Priority
Failed Project
Question 15
Items technical in nature and focus on solutions to problems that surfaced would typically appear in the _____ section of the final project report.
Answer
Analysis
Recommendations
Classification of project
Lessons learned
Strategic objectives
Question 16
When a project may start with a high priority but see its rank erode or crash during its project life cycle as conditions change this is an example of:
Answer
Normal
Premature
Perpetual
Failed Project
Changed Priority
Question 17
Which of the following is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers and continued improvement and use of best practices?
Answer
Portfolio Project Management
Project Office Management
Project Management Optimization
Project Priority Matrix Management
Resource Allocation Optimization
Question 18
Which of the following is not one of the techniques to insure that projects meet the needs of the organization?
Answer
Standards
Procedures
Accountability
Controls
Question 19
The use of an organization-wide project management system tailored to specific needs of the organization is established in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System
Question 20
The importance of the increase in project oversight to today’s project manager includes all of the following except:
Answer
Increase in expected profits from projects
Increased interest in supporting and helping the project manager
Impact on the environment in which the project will be implemented
Impact on how the project manager’s performance will be measured
The reporting of project progress to an oversight group
Question 21
Which of the following is not one of the four performance goals measures in the scorecard model?
Answer
customer
internal
financial measures
industry standards
innovation and learning
Question 22
The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System
Question 23
The focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods is established in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System
Question 24
Which of the follow percentages is the authors’ estimate of project-driven organizations that have been implementing some form of oversight for several years?
Answer
95%
90%
85%
80%
75%
Question 25
During which of the following phase gates would the question of “Are time, costs, and scope performances within acceptable limits?” be answered?
Answer
Proposal
Screening and selection
Implementation
Progress evaluation
Closure
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