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Week 6 Summary Review Questions

1. What does earned value (EV) measure?

2. True or False? A plan can succeed without accurate information.

3. What items should the project leader look for in status and variance reports?

4. True or False? Status and variance reports tend to be reactive in nature.

5. True or False? If a great deal of money and effort has been expended a project should never be discontinued.

6. Describe the potential issues associated with a time or cost overrun.

7. The planning process requires the ________ and __________ or project specifications and _________ needs as work progresses.

8. True or False? Project management is an iterative process.

9. Describe the root causes of project slippage.

10. Organizations that introduce the traffic light system typically find that _____ percent of projects go _____ at least once in the first ____ months. This is almost always due to ___________.