Chapter 13

Question 1

What is a Project Monitoring system?

Answer 1

A system for determining what data to collect, analyzing that data; and reporting current progress

Question 2

The percent complete index actual costs assumes the ____________ is (are) the most reliable information for measuring percent complete.

Answer 2

actual costs-to-date and expected cost at completion

Question 3

The percent complete index budgeted costs, with regard to the first index, assumes the ____________ is (are) the most reliable information for measuring percent complete.

Answer 3

original budget of work complete

Question 4

What is included in creating the project Baseline?

Answer 4

1. Labor
2. Materials
3. Equipment

Question 5

Frequently budgets are ______ - ______ for materials and labor separately for more effective control over costs.

Answer 5

Time-Phases

Question 6

A SPI value less than one indicates that the project is

Answer 6

Behind schedule

Question 7

Which formula will calculate the estimated total cost at completion for a project?

Answer 7

AC + ETCre