Plan Program Performance Management 3

· 1. In earned value measurement, earned value is represented by:

· A. BCWS

· B. BCWP

· C. ACWP

· D. None of the above

· 2. If BCWS 5 1000, BCWP 5 1200, and ACWP 5 1300, the project is:

· A. Ahead of schedule and under budget

· B. Ahead of schedule and over budget

· C. Behind schedule and over budget

· D. Behind schedule and under budget

· 3. If BAC 5 $20,000 and the project is 40 percent complete, then the earned value is:

· A. $5000

· B. $8000

· C. $20,000

· D. Cannot be determined

· 4. If BAC 5 $12,000 and CPI 5 1.2, then the variance at completion is:

· A. 2$2000

· B. 1$2000

· C. 2$3000

· D. 1$3000

· 5. If BAC 5 $12,000 and CPI 5 0.8, then the variance at completion is:

· A. 2$2000

· B. 1$2000

· C. 2$3000

· D. 1$3000

· 6. If BAC for a work package is $10,000 and BCWP 5 $4,000, then the work package is:

· A. 40 percent complete

· B. 80 percent complete

· C. 100 percent complete

· D. 120 percent complete

· 7. If CPI 5 1.1 and SPI 5 0.95, then the trend for the project is:

· A. Running over budget but ahead of schedule

· B. Running over budget but behind schedule

· C. Running under budget but ahead of schedule

· D. Running under budget but behind schedule

· 8. The document that describes a work package, identifies the cost centers allowed to charge against this work package, and establishes the charge number for this work package is the:

· A. Code of accounts

· B. Work breakdown structure

· C. Work authorization form

· D. None of the above

· 9. Unknown problems such as escalation factors are often budgeted for using the:

· A. Project manager's charge number

· B. Project sponsor's charge number

· C. Management reserve

· D. Configuration management cost account

· 10. EAC, ETC, SPI, and CPI most often appear in which type of report?

· A. Performance

· B. Status

· C. Forecast

· D. Exception

· 11. If BAC 5 $24,000, BCWP 5 12,000, ACWP 5 $10,000, and CPI 5 1.2, then the cost that remains to finish the project is:

· A. $10,000

· B. $12,000

· C. $14,000

· D. Cannot be determined

· 12. There are several purposes for the 50–50 rule, but the primary purpose of the 50–50 rule is to calculate:

· A. BCWS

· B. BCWP

· C. ACWP

· D. BAC

· 13. When a project is completed, which of the following must be true?

· A. BAC 5 ACWP

· B. ACWP 5 BCWP

· C. SV 5 0

· D. BAC 5 ETC

· 14. In March CV 5 2$20,000, and in April CV 5 2$30,000. In order to determine whether or not the situation has really deteriorated because of a larger unfavorable cost variance, we would need to calculate:

· A. CV in percent

· B. SV in dollars

· C. SV in percent

· D. All of the above

· 15. If a project manager is looking for revenue for a value-added scope change, the project manager's first choice would be:

· A. Management reserve

· B. Customer-funded scope change

· C. Undistributed budget

· D. Retained profits

· 16. A project was originally scheduled for 20 months. If CPI is 1.25, then the new schedule date is:

· A. 16 months

· B. 20 months

· C. 25 months

· D. Cannot be determined

· 17. The cost or financial baseline of a project is composed of:

· A. Distributed budget only

· B. Distributed and undistributed budgets only

· C. Distributed budget, undistributed budget, and the management reserve only

· D. Distributed budget, undistributed budget, management reserve, and profit only

ANSWERS

· 1. B

· 2. B

· 3. B

· 4. B

· 5. C

· 6. A

· 7. D

· 8. C

· 9. C

· 10. C

· 11. A

· 12. B

· 13. C

· 14. A

· 15. B

· 16. D

· 17. B