Project Controls PC 09 Rev 02

Top Down or Bottom Up estimates are as a result of the creation and confirmation of which processes?

• Change Requests

• Stakeholder Requirements

• Risk Analysis

• WBS

• All options Listed

A WBS specifically generates the work to be done on the project which can then be scheduled.

• True

• False

The CBS specifically assigns monetary values to complete the work generated within the WBS.

• True

• False

Which Break Down Structure once created and verified allows the project to assign responsibilities?

• WBS

• CBS

• OBS

• PBS

Benchmarking is the term used for what within Projects?

• Recognition of Bad Practice.

• Recognition of Ignorance in respect of Project Processes.

• Recognition of Good Practice.

• None of the options listed.

What does the project term EVM translate to?

• Early Variation Management.

• Earned Variation Management.

• Early Value Management.

• Earned Value Management.

If Time is shown on a" X axis" and Cost on a "Y axis" what type of graphical line should we see showing the variations against the baselines.

• Straight Vertical Line.

• Straight Horizontal Line.

• Bell Curve.

• S Curve.

Planned Value (PV) - Actual Cost (AC) = ?

• Cost Value.

• Coding Variance.

• Cost Volume.

• Cost Variance.

Which description sums up Earned Value (EV)?

• This is the approved budget for the work scheduled to be completed by a set date.

• This is the approved budget for the work actually completed by the specified date.​

• The costs actually incurred for the work completed by the specified date.​

• None of the options listed.

(CPI) Cost Performance Index and (SPI) Schedule Performance Index show their respective variations as what?

• " % " Percentage

• Decimal interpretation (+ or -) using (1) as the MEAN for measuring.

• Written Report Document

• None of the options listed.