Executing Flashcards
In reporting performance data, variance analysis involves comparing:
Actual project results to planned or expected results
Project reports include:
Status reports, lessons learned, issue logs, closure reports and outputs from other knowledge areas
Progress reporting is:
Describing what the project team has accomplished
Work remaining is:
The budget at completion less the earned value accomplished
Actual cost is a:
Cost sustained in fact, on the basis of costs incurred
How does the estimate to complete (ETC) differ from the estimate at completion (EAC)?
The EAC is a value representing the project final costs of work when completed while the ETC represents the value of work required to complete a task
A schedule performance index of less than 1.0 indicates:
The project is running behind the value of the work that it set out to accomplish
The forecasted Variance at Completion is:
The algebraic difference between BAC and EAC
There are two ways to report the cost performance index (CPI): as a cumulative data or CPI is reported per period. What are advantages of a cumulative CPI?
Management can determine the high-end range of final estimated costs at completion
If we planned to accomplish $900,000 of work, and achieved $500,000, how much did we accomplish in Earned Value (EV) or the budgeted cost of work performed (BCWP)?
$500,000
Difficulties with the criteria to analyze overall project performance might occur when performance is subjective. To avoid this, actual performance of the project is:
Monitored, objectively measured and accurately reported to management
Who bears most of the cost risk in a fixed price contract?
Seller
An input to team development that also describes the technical context in which the team operates is referred to as:
Project management plan
The reports that provide feedback to the project team about performance against the project plan are called?
Performance reports
Systems that allow for formal managerial actions that promote or reinforce desired team behaviors are called:
Recognition and rewards
The term used to describe placing all or most of the active team members in the same physical location is called:
Collocation
While the project team is determining the project schedule, responsibilities, and control systems, the chief management skill needed for the planning phase is:
Team building
During this phase of the project, the project manager is responsible for monitoring progress and for redesigning, rescheduling, and reallocating resources as required. Which project phase is this?
Executing
Conflict is a naturally occurring event in a project’s life cycle. When there are differences between stakeholders, the differences should generally be resolved in favor of whom?
Customer
Helping team members energize themselves to overcome political, bureaucratic and resource barriers to change is commonly referred to as:
Motivating
The concept that team members can increase each other’s effectiveness when working together on a project is referred to as:
Synergy
Sets of personal objectives which some team members may bring to the project that have nothing to do with the objectives of the team are commonly referred to as:
Hidden agendas
As a project manager, the conflict management approach that you would tend to avoid because it leads to the least enduring positive result is:
Avoidance
Typical conflict resolution techniques that you as a project manager may use on a project include:
Smoothing, confronting, forcing and withdrawing