Chapter 8 Managing Project Stakeholders & Communication Flashcards
A ____ shows how the scope, features or functionality, or work is being completed over time.
a. Budget report
b. Status report
c. Burn-down Chart
d. Forecast report
e. Progress report
: Burn-down Chart
A burn-down chart provides a useful tool for reporting a project’s progress. As the project team “burns” through the scope, the velocity or burn-down rate represents the amount of work that can be delivered in a single iteration. As a result, the completion of the project work can be predicted.
Chapter 8 page 213
Actual Cost (AC) is ____.
a. how much of the budget we have left to spend on the project
b. how much of the budget we really should have spent on the work completed so far.
c. how much we budgeted to spend at the beginning of the project.
d. None of these
e. how much we actually spent for work completed
: how much we actually spent for work completed
*** It is the total direct and indirect costs incurred in accomplishing work on an activity during a given period.
Chapter 8 page
Earned Value (EV) tells us ____
a. how much we actually spent for work completed
b. how much we budgeted to spend a the beginning of the project
c. None of these
d. how much of the budget we really should have spent on the work completed so far
e. how much of the budget we have left to spend on the project.
: how much of the budget we really should have spent on the work completed so far
Chapter 8 page 216
Information distribution includes all of the following except:
a. Web-based technologies
b. Face-To-Face meetings
c. All of these are examples of information distribution
d. Telephone, e-mail and other wireless devices
e Paper and electronic project reports
: All of these are examples of information distribution
Chapter 8 page
A metric that provides an estimate for completing the scheduled work that remains once the project is started is called the ____.
a. Budged at Completion (BAC)
b. Expected Time Complete (ETC)
c. Actual Cost (AC)
d. Planned Value (PV)
e. Estimate at Completion (EAC)
: Expected Time Complete (ETC)
Chapter 8 page
Expected Time to Completion (ETC) is ____.
a. how much time it took to complete the work
b. how long we expected the task to take
c. how much time we have left to complete the project
d. how much longer it will take to complete the project
e. how much time it should have taken to complete the task
: how much longer it will take to complete the project
Chapter 8 page
The cost incurred for completing a scheduled task or WBS component is the ____ .
a. Estimate at Completion (EAC)
b. Planned Value (PV)
c. Budget At Completion (BAC)
d. Expected Time Complete
e. Actual Cost (AC)
: Actual Cost (AC)
Chapter 8 page
A ____ describes the present state of the project and provides compares the project’s actual progress to the baseline plan.
a. Progress report
b. Budget report
c. Forecast report
d. News report
e. Status report
: Status report
Chapter 8 page
The budgeted cost of work scheduled for an activity or component of the WBS is the ____.
a. Actual Cost (AC)
b. Budget At Completion (BAC)
c. Planned Value (PV)
d. Expected Time Complete (ETC)
e. Estimate at Completion (EAC)
: Planned Value (PV)
Chapter 8 page
EV - AC = ____
a. Scheduled performance index (SPI)
b. Cost Variance (CV)
c. Cost performance Index (CPI)
d. Minimum funds needed (MFN)
e. None of these
: Cost Variance (CV)
Chapter 8 page
The ____ is an estimate of the value of the physical work actually completed.
a. Actual Cost
b. Earned Value
c. Scheduled Variance
d. Planned Value
: Earned Value (EV)
Variances are calculated by subtracting the actual cost or planned value from ____.
a. Earned Value
b. Actual Cost
c. Planned Value
d. Scheduled Variance
: Earned Value (EV)
V = AC - EV
