Monitoring and Control
Monitoring and Control
No of Questions: 26
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Answer :
C is the correct answer.
| Cost performance index(CPI) : The result from dividing the earned value by the
actual cost.
Ð A result less than one suggests that the project is at budget risk.
| A CPI of 1 or greater suggests that project in delivering more with less COST.
P This means project is consuming fewer resources than estimated because CPI is
1.2.
Question - 2
Answer :
A is the correct answer.
| Scheduled performance index(SPI) : The result of dividing the earned value by the
planned value.
T A result less than one suggests that the project is at schedule risk.
T A SPI of 1 or greater suggests that the project is ahead of schedule.
Question - 3
Answer :
A is the correct answer.
Question - 4
Answer :
A is the correct answer.
Question - 5
Answer :
A is the correct answer.
Question - 6
You are calculating total cost of a project in your organization. Which of the
following cost provide you the best result ?
A.Life Cycle cost
B.Opportunity cost
C.Shunk cost
D.Earned value
Answer :
A is the correct answer.
Life Cycle cost = project costs + ongoing operations costs + maintenance costs.
Therefore Life Cycle cost is best fit for this.
Question - 7
Answer :
A is the correct answer.
Earned Value:A method for measuring project performance. It compares the amount
of work that was planned with what was actually accomplished to determine if cost
and schedule performance is as planned.
Question - 8
You are project manager of a project and your project is behind schedule.
Senior management want project on time and they won't bother about cost.
Which of the following technique you are going to use ?
A.CRASHING
B.Fast Tracking
C.Resource Leveling Heuristics
D.Schedule Model
Answer :
A is the correct answer.
You are project manager of ABC company and you have interchanged the tasks
between two resources. What is your NEXT step?
A.Do impact analysis
B.Change Control
C.Update Project Plan
D.Resource leveling
Answer :
C is the correct answer.
Your next step is Update Project Plan. This is confusing between option A and Option
C.
Question - 10
Answer :
C is the correct answer.
Question - 11
Which of the following displays graphical picture of data over a specific time
period for a process?
A.Control Charts
B.Histogram
C.Pareto Diagram
D.Run Chart
Answer :
A is the correct answer.
Control Charts: Control charts are graphic display of the results over a time of a
process. They are used to determine if the process is "in control".
Question - 12
You have been assigned to a construction of bridge on river. After completion of
50 percent of project, a NGO raised concern about the environment misbalance.
As a project manager, you should?
A.Ignore and continue with your work
B.Stop work
C.Raise concern to senior management
D.Go to NGO and try to resolve the issue
Answer :
C is the correct answer.
This is not within your limit . Raise concern to senior management about this.
Question - 13
Answer :
A is the correct answer.
Question - 14
Answer :
A is the correct answer.
Question - 15
Why every document need to be version control?
A.All the changes can be track.
B.It keeps everyone on the same page.
C.Version control let you the latest baseline version.
D.All of the above
Answer :
D is the correct answer.
Question - 16
A collection of formal documented procedures that defines how project work will
be authorized to ensure the work is done by the identified organization, at the
right time, and in the proper sequence is called __________?
A.Work Authorization System
B.Project charter
C.SOW
D.Scope statement
Answer :
A is the correct answer.
A collection of formal documented procedures that defines how project work will be
authorized to ensure the work is done by the identified organization, at the right time,
and in the proper sequence is called Work Authorization System.
Question - 17
Answer :
A is the correct answer.
Question - 18
Answer :
B is the correct answer.
Question - 19
If your AC(Actual Cost) = $18,000 and your EV(Earned Value) = $20,000, are
you over budget?
A.You are over budget.
B.You are doing good, No over budget.
C.Zero
D.EV(Earned Value) is not related to budget
Answer :
B is the correct answer.
If EV-AC value is negative, you are over budget(Not doing good). Here $20,000 -
$18,000 = $2000 , So you are not over budget.
Question - 20
Your Earned Value is $6,000 and your Actual Cost is $5,000. CPI is:
A.1.2
B..82
C.1
D.1000
Answer :
A is the correct answer.
Question - 21
Your Earned Value is $6,000 and your Actual Cost is $5,000. How are you
doing?
A.Doing better than the planned budget.
B.Not doing better than the planned budget.
C.It is equal
D.EV(Earned Value) is not related to budget
Answer :
A is the correct answer.
¸ If the CPI is above the number 1, as it is in this case, this means that you are doing
better than the planned budget.
Cost Performance Index (CPI) = EV (Earned Value) / AC (Actual Cost) =
$6000/$5000 = 1.2
Question - 22
Your Earned Value is $5,000 and your Actual Cost is $10,000. How are you
doing?
A.Doing better than the planned budget.
B.Not doing better than the planned budget.
C.It is equal
D.EV(Earned Value) is not related to budget
Answer :
B is the correct answer.
¸ If the CPI is less than the number 1, as it is in this case, this means that you are not
doing better than the planned budget.
È Cost Performance Index (CPI) = EV (Earned Value) / AC (Actual Cost) =
$5000/$10,000 = .5
Question - 23
Answer :
A is the correct answer.
Question - 24
Your EV = $10,000 and your PV = $8,000. How you are doing?
A.you are ahead of plan
B.you are behind of plan
C.EV not related to plan
D.PV not related to plan
Answer :
A is the correct answer.
Question - 25
Answer :
B is the correct answer.
Question - 26
Answer :
A is the correct answer.
Question - 27
Answer :
B is the correct answer.