Ch4.4 - Monitor and Control Project Work

Question 1

Monitor and Control Project Work

Answer 1

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

Question 2

Monitor and Control Project Work Benefit

Answer 2

allows stakeholders to understand the current state of the project, the steps taken, and budget, schedule, and scope forecasts

Question 3

4-8 ITTO Monitor/Control Proj Work

Answer 3

4-8 ITTO

Question 4

4-9 Monitor/Control Proj Work DFD

Answer 4

4-9 Monitor/Control Proj Work DFD

Question 5

Whe is monitoring performed udring the project

Answer 5

Throughout the project

Question 6

What does monitoring include in terms of activities

Answer 6

collecting, measuring, and distributing performance information, and assessing measurements and trends to effect process improvements.

Question 7

What does control include

Answer 7

determining corrective or preventive actions or replanning and following up on action plans to determine whether the actions taken resolved the performance issue.

Question 8

Monitor and Control is concerned with:

Answer 8

1. Comparing actual project performance against the project management plan;
2. Assessing performance and then recommending those actions as necessary;
3. Identifying new risks and analyzing, tracking, and monitoring existing project risks ;
4. Maintaining an accurate, timely information base concerning the project’s product(s) and their associated documentation through project completion;
5. Providing information to support status reporting, progress measurement, and forecasting;
6. Providing forecasts to update current cost and current schedule information;
7. Monitoring implementation of approved changes as they occur; and
8. Appropriate reporting

Question 9

Monitor and Control inputs

Answer 9

PMPlan, Schedule forecasts, Cost Forecasts, Validated changes

Question 10

Monitor and Control inputs: PMPlan

Answer 10

Subsidiary plan list

Question 11

Monitor and Control inputs: Schedule forecasts

Answer 11

derived from progress against the schedule baseline and computed time estimate to complete (ETC)

Question 12

Earned value management

Answer 12

ETC, SV, SPI

Question 13

Monitor and Control inputs: Schedule forecasts - ETC

Answer 13

Estimated to Complete

Question 14

Monitor and Control inputs: Schedule forecasts - SV

Answer 14

Scheduled Variance

Question 15

Monitor and Control inputs: Schedule forecasts - SPI

Answer 15

Scheduled Performance Index

Question 16

If Earned Value Mgmt not used

Answer 16

Variances against planned finish date/forecasted finish date provided

Question 17

Monitor and Control inputs: Cost Forecasts

Answer 17

derived from progress against the cost baseline and computed estimates to complete (ETC).

Question 18

Monitor and Control inputs: Cost Forecasts - how is ETC expressed in CV/CPI

Answer 18

CV vs CPI
CV - cost variance
CPI - cost performance index

Question 19

Monitor and Control inputs: Cost Forecasts - CV

Answer 19

CV - Cost Variance

Question 20

Monitor and Control inputs: Cost Forecasts - CPI

Answer 20

CF - Cost Performance Index

Question 21

Monitor and Control inputs: Validated changes

Answer 21

Approved changes that result from the Perform Integrated Change Control process require validation to ensure that the change was appropriately implemented.

Question 22

Monitor and Control Inputs - EAC

Answer 22

Estimated at completion

Question 23

Monitor and Control inputs - BAC

Answer 23

Budget to completion

Question 24

Monitor and Control inputs - EAC vs BAC

Answer 24

To see if project is still within tolerance ranges or if change request is required

Question 25

Monitor and Control inputs - for projects not using earned value management, how to forecast cost?

Answer 25

Variances against planned vs actual expenditures and forecasted final costs

Question 26

Validated changes

Answer 26

Approved changes that result from the Perform Integrated Change Control process require validation to ensure that the change was appropriately implemented.

Question 27

work data transformed from what to what?

Answer 27

work performance data into work performance information (correlated and contextualized)

Question 28

Ex of work performance info

Answer 28

status of deliverables, implementation status for change requests, and forecasted estimates to complete.

Question 29

Enterprise Environmental Factors

Answer 29

Governmental or industry standards;
Organization work authorization systems;
Stakeholder risk tolerances;
Project management information system

Question 30

Org process assets

Answer 30

Organizational communication requirements;
Financial controls procedures ;
Issue and defect management procedures ;
Change control procedures;
Risk control procedures ;
Process measurement database ;
Lessons learned database.