chpt 8

Question 1

Earned Value Management (EVM)

Answer 1

project performance measurement technique that integrates project scope, time and cost data

Question 2

WBS Deliverable

Answer 2

Work breakdown structure (breaking down the project into smaller projects)

Question 3

EVM VALUES: planned value

Answer 3

authorized budget assigned to scheduled work (cost baseline)

Question 4

EVM VALUES: actual cost

Answer 4

realized cost incurred for the work performed on an activity during a specific time period.

Question 5

EVM VALUES: earned value

Answer 5

measure of work performed expressed in terms of the budget authorized for that work

Question 6

Budget at completion (BAC)

Answer 6

approved total budget for the project

Question 7

Estimate at completion

Answer 7

BAC/ cost performance index

Question 8

Status report

Answer 8

describes where a project stands at a specific point in time. think triple constraints (time, cost, scope)

Question 9

Progress reports

Answer 9

what the project team has accomplished in a certain amount of time (weekly)

Question 10

forecasts

Answer 10

predict future project status and progress based on past trends

Question 11

performance report

Answer 11

usually status or progress reports

Question 12

Integrated change control

Answer 12

identifying, evaluating, and managing changes throughout the project life cycle

Question 13

Integrated change control: influencing factors that cause changes to ensure changes are beneficial

Answer 13

promote changes that are beneficial

Question 14

Integrated change control: determine that change has occurred

Answer 14

PM must know the status of key project areas at all times. communicate changes to key stakeholders and senior management

Question 15

Integrated change control: managing changes as they occur

Answer 15

control changes