Parcial 3

Question 1

¿What is Earned Value?

Answer 1

progress is measured by how much of the project value (its cost) you’ve EARNED so far

Question 2

¿Who is interested in EV?

Answer 2

Project Costumers
Project sponsors
Project Stake-holders

Question 3

¿What Earned value tells you?

Answer 3

How much of the project cost you have earned

Question 4

Which are the requirements for earned value analysis?

Answer 4

Setting up a base-line
Enter actual values as the project progresses
Establishing a status date

Question 5

Which is the acronym of BCWS?

Answer 5

Budgeted Cost of work scheduled

Question 6

Explain what is BCWS

Answer 6

The cost you expect to incur for the work scheduled through the status date

Question 7

Which is the acronym of BCWP?

Answer 7

Budgeted cost of work performed

Question 8

What represents BCWP

Answer 8

the base-line cost you’ve earned by completing work as of the status date

Question 9

Which is the acronym of ACWP?

Answer 9

Actual cost of work performed

Question 10

What is happening when more PV than EV

Answer 10

Less work is complete than you expected.

Question 11

What is happening is more EV than PV

Answer 11

More work is complete than you expected

Question 12

Earned value < actual cost

Answer 12

worked performed costed more than expected

Question 13

Earned value > actual cost

Answer 13

worked performed costed less than expected

Question 14

Mention the components of effective monitoring

Answer 14

Representative Perfomance Metrics
Costs & Schedule Milestones
Reporting Schedule
Managemente Scheme  
Involvement of responsible and knowledgeable people
Project Reviews
Project Audits

Question 15

Which is the most effective progress measurements?

Answer 15

Project Outputs

Goal: Meausres progresses towards completion

Question 16

How do we measure outputs

Answer 16

Where possible, divide activities into stages – Define clear-cut milestones – Keep track of costs, labor, time on per-activity basis

Question 17

Characteristics of Well Defined Milestone

Answer 17

Clearly Defined Entity
•Verifiable Parameters for Each Delivery Item
• Clear Relationship to Program Management Plan
• Well Defined Responsible Organization or Individual

Question 18

What is the goal of CCM

Answer 18

Is to avoid project cracshing by planning for the variance inherent in each task duration

Question 19

Main points of CCM

Answer 19

Dont waste safety time
Aggregate safety time into project and feeder buffers
Monitor the buffers to know when to control
Concentrate in the longest chain of dependent tasks or resources

Question 20

Which is the critical chain definition

Answer 20

is the set of activities for which there is no slack after resource de-confliction

Question 21

Cultural Keys to a succesful implementation

Answer 21

Evaluate your team as a unit
Management must hold up their end of the bargain
Need support from the top
All key team members must be trained and participate in putting together the schedule
Clear communicaction between the schedule keeper and team mebers

Question 22

Which are the phases in monitoring using buffer method

Answer 22

OK- green
Watch and plan- yellow
Act- Red

Question 23

For longer projects, we implement…

Answer 23

buffered schedule within each phase or stage.

Question 24

What is SOW?

Answer 24

Sample Statement of Work

Question 25

What is Goal?

Answer 25

Is to detect and correct deviation from desired budget, schedule and quality

Question 26

Detection is :

Answer 26

Monitoring

Question 27

Correction is :

Answer 27

Control

Question 28

Wich is harder

Monitoring or control

Answer 28

Control

Question 29

What does control do?

Answer 29

Bring projects performance back in line with plans

Question 30

What is monitoring?

Answer 30

Is the set of procedures and management practices used to collect information about the performance achieved to help the organization

Question 31

What is Performance Analysis?

Answer 31

The process of determining performance variances based on monitored or forecasted performance.

Question 32

What is the purpose of project control

Answer 32

To adjust the project to achieve the goals
To analyze the causes of the problems
To implemente changes that project need

Question 33

How project control is distinguished from project planning?

Answer 33

yields a set of redesigns, decisions, and actions, whereas project planning yields a design, and 2) project control is a real time process during the implementation, not before the implementation begins.

Question 34

Why is important a Feedback system?

Answer 34

Because they are many factors that can change the conditions of the project, in which, even with slack, the project could be delayed.

Question 35

Why is important scheduling in monitoring?

Answer 35

Because without schedule it doesnt exists nothing to compare the progress

Question 36

And why is important to update the schedule?

Answer 36

Because the activities are changing and you have to see the new things. 
Costs 
durations 
Resources
Also a new critical Path

Question 37

Before you can see how the project is doing and make corrections…

Answer 37

KNOW WHERE THE PROJECT STANDS, therefore you need to TRACK PROGRESS AS THE ACTIVITIES ARE BEING WORKED ON.

Question 38

What is tracking progess?

Answer 38

Collect the data from your team and enter data into your PM software

Question 39

Which are the ways to track progress

Answer 39

Quick and dirty

Detailed and time-consuming

Question 40

Diferencia entre agile y dirección clásica

Answer 40

LA DIFERENCIA ESTRIBA EN QUE NO ATACAS TODAS LAS CARACTERISTICAS DEL PROYECTO EN SIMULTANEO…. DESCOMPONES EL PROYECTO EN ITERACIONES PEQUEÑAS a.k.a. “SPRINTS”

Question 41

METODO DE CONTROL EMPIRICO

Answer 41

– Toma de decisiones basada en las observaciones REALES Y AL MOMENTO