4.5 Monitor and Control Project Work (Integration MGMT)

Question 1

What is Monitor and Control Project Work?

Answer 1

The process of tracking, reviewing and reporting the overall progress to meet the performance objectives defined in the project management plan.

Question 2

4.5 Monitor and Control Project Work - Inputs

Answer 2

1. Project Management Plan
2. Project Documents
   a) Assumption log
   b) Basis of estimates
   c) Cost forecasts
   d) Issue log
   e) Lessons learned register
   f) Milestone list
   g) Quality reports
   h) Risk register
   i) Risk report
   j) Schedule forecasts
3. Work performance information
4. Agreements
5. Enterprise environmental factors
6. Organization processes assets

Question 3

4.5 Monitor and Control Project Work - Tools & Techniques

Answer 3

1. Expert judgement
2. Data analysis
   a) alternative analysis
   b) cost-benefit analysis
   c) earned value analysis
   d) root cause analysis
   e) trend analysis
   f) variance analysis
3. Decision making
4. Meetings

Question 4

4.5 Monitor and Control Project Work - Outputs

Answer 4

1. Work performance reports
2. Change requests
3. Project management plan updates
4. Project document updates
   a) cost forecasts
   b) issue log
   c) lessons learned register
   d) risk register
   e) schedule forecasts

Question 5

What are the main types of data analysis used in 4.5 monitor and control project work?

Answer 5

a) alternative analysis
b) cost-benefit analysis
c) earned value analysis
d) root cause analysis
e) trend analysis
f) variance analysis

Question 6

What is alternative analysis?

Answer 6

Used when a deviation occurs to select the corrective or preventive action

Question 7

What is cost-benefit analysis?

Answer 7

Helps determine the best corrective action in terms of costs in case of project deviations

Question 8

What is earned value analysis?

Answer 8

Provides an integrated perspective on scope, schedule and cost performance.

Question 9

What is root cause analysis?

Answer 9

Focuses on identifying the main reasons for a problem

Question 10

What is trend analysis?

Answer 10

Used to forecast future performance based on past results

Question 11

What is variance analysis?

Answer 11

Reviews the differences between planned and actual performance (includes duration/cost estimates, resource utilization, technical performance etc.)

Question 12

What is the key benefit to 4.5 Monitor and Control Project Work?

Answer 12

It allows ✔stakeholder to understand the ✔current state of the project, to recognize the actions taken to address any ✔performance issues and to have ✔visibility into the future project status with ✔cost and ✔schedule forecasts

Question 13

When is 4.5 Monitor and Control Project Work performed in the project?

Answer 13

Throughout