Guide - Section 2.7 (Deck#4) - Measurement Performance

Question 1

The most common baselines are?

Answer 1

Cost and Schedule

Question 2

What baselines can use information in hte deliverable measures?

Answer 2

Scope or Technical baselines

Question 3

Most schedule measures track actual performance to planned performance related to:

Answer 3

1. Start and finish dates
2. Effort and duration
3. Schedule variance (SV)
4. Schedule performance index (SPI)
5. Feature completion rates

(SFD, ED, SV, SPI FCR)

Question 4

What can measure the extent to which work is accomplished as planned (or not performing to plan)?

SFDV

Answer 4

Comparing the actual start dates to the planned start dates

and the actual finish dates to the planned finish dates

Question 5

What indicates whether estimates for the amount of work and the time the work takes are valid?
EDV

Answer 5

Actual effort and duration compared to planned effort and duration

Question 6

The measure of the efficiency of a process or system - in terms of the amount of work produced per unit of time or per unit of resources.

Answer 6

Productivity = output / input

Higher productivity ratios indicate a more efficient process, while lower ratios indicate a less efficient process.

Question 7

refers to the amount of work required to complete a task or activity

Answer 7

effort

Effort is typically measured in terms of labor units, such as hours or days, and is based on the scope of the activity and influenced by factors such as complexity, repetition, and risk.

Question 8

refers to the amount of time it takes to complete the task or activity

Answer 8

duration

Question 9

Higher ratios of effort to duration indicate?

Answer 9

a less efficient process,
while lower ratios indicate a more efficient process

Question 10

What is determined by looking at performance on the critical path?

Answer 10

Schedule variance (SV) = earned value - planned value

Question 11

An earned value management measure that indicates how efficiently the scheduled work is being performed?

Answer 11

Schedule performance index (SPI) = earned value / planned value

value of 1 indicates that the project is on schedule,
a value greater than 1 indicates that the project is ahead of schedule
a value less than 1 indicates that the project is behind schedule

Question 12

What can help assess progress and estimate completion dates and costs?

Answer 12

Feature Completion Rates

Examining the rate of feature acceptance during frequent reviews

Question 13

Common cost measures include:

Answer 13

1. Burn rate ($ spent / time passed)
2. Cost variance (CV)
3. Cost performance index (CPI)

(BR, CV, CPI)

Question 14

In earned value management, what is determined by comparing the actual cost of a deliverable to the estimated cost?

Answer 14

Cost Variance (CV) = estimated cost - actual cost

Question 15

An earned value management measure that indicates how efficiently the work is being performed with regard to the budgeted cost of the work?

Answer 15

Cost performance index (CPI) = earned value / actual cost

value of 1 indicates that the project is on budget,
a value greater than 1 indicates that the project is under budget
a value less than 1 indicates that the project is over budget

Question 16

a measure used to evaluate the difference between the planned (estimated) resource utilization and the actual resource utilization

Answer 16

Usage variance = planned usage - actual usage

Question 17

compares the actual cost of resources to the estimated cost

Answer 17

Price variance = planned cost - actual cost

Question 18

What evaluates the efficiency of resource utilization?

Answer 18

Usage variance

Question 19

By measuring what, project managers can identify areas where resources are being overused or underused and take corrective action?

Answer 19

Usage variance

Question 20

What is often used in conjunction with other metrics, such as cost variance and schedule variance, to provide a comprehensive view of project performance?

Answer 20

Usage variance

Question 21

Where is usage variance calculated?

Answer 21

at any level of the project, from individual tasks to the entire project.

Question 22

This measurement compares the actual cost of resources to the estimated cost?

Answer 22

Price variance = estimated cost - actual cost