Chapter 12

Question 1

MEASURING SCHEDULE PERFORMANCE ……

Answer 1

Each work package is a measurable unit
• More units = more accurate progress reports
• Use the 0-50-100 rule
• Take completion criteria seriously
• Remember that schedules measure how MUCH is done, not how well
• Avoid always using up float due to resource risks

Question 2

• Cost measures

Answer 2

productivity

Question 3

• Problems with graphing cost performance

Answer 3

The rate at which money is being spent doesn’t indicate whether work is getting done
• Accounting lag can make cost information arrive months late

Question 4

EVR is used to

Answer 4

give more accurate cost and schedule reports

Question 5

Comparing planned and actual costs allows you to calculate a cost variance (as a %)…T or F

Answer 5

TRUE

Question 6

The Cost Performance Index (CPI)

Answer 6

CPI >1.0 = under budget
• CPI <1.0 = over budget
(You can also calculate schedule variance)

Question 7

• Earned value metrics are practically free…T or F

Answer 7

TRUE

Question 8

• Schedule variance doesn‘t tell the whole story..T or F

Answer 8

TRUE

Question 9

ESCALATION THRESHOLDS represent…

Answer 9

preset variances that signal the severity of the

problem

Question 10

A baseline is

Answer 10

a comparison point

Question 11

• Cost and schedule baselines represent

Answer 11

the original project

plan as approved by the stakeholders