Agile Management in Virtual Environments

What are the benefits of the cost/schedule model?

• Measures accomplishments against plan and deliverables.

• Provides a method for tracking directly to a problem work package and organization unit responsible.

• Alerts all stakeholders to early identification of problems, and allows for quick, proactive corrective action.

• Improves communication because all stakeholders are using the same database.

What is the purpose of a baseline in project management?

• To measure performance against a planned cost and schedule.

• To track the actual cost and schedule of a project.

• To determine the remaining cost to complete a project.

• To identify potential problems and take corrective action.

What is the process of comparing actual performance against plan to identify deviations and take corrective action called?

• Control

• Measurement

• Evaluation

• Analysis

What is the purpose of a control chart in project management?

• To measure cost and schedule variances.

• To track the progress of a project.

• To identify out-of-control activities requiring intervention.

• To compare actual performance against plan.

What is the formula for calculating the Cost Performance Index (CPI)?

• CPI = EV/AC

• CPI = EV/PV

• CPI = EV/BAC

• CPI = AC/EAC

What is the purpose of a Gantt chart in project management?

• To measure cost and schedule variances.

• To track the progress of a project.

• To identify out-of-control activities requiring intervention.

• To compare actual performance against plan.

What is the purpose of a tracking Gantt chart in project management?

• To measure cost and schedule variances.

• To track the progress of a project.

• To identify out-of-control activities requiring intervention.

• To compare actual performance against plan.

What is the formula for calculating the Schedule Performance Index (SPI)?

• SPI = EV/AC

• SPI = EV/PV

• SPI = EV/BAC

• SPI = AC/EAC

What is the purpose of a control system in project management?

• To measure cost and schedule variances.

• To track the progress of a project.

• To identify out-of-control activities requiring intervention.

• To compare actual performance against plan.

What is the purpose of a project monitoring information system?

• To measure cost and schedule variances.

• To track the progress of a project.

• To identify out-of-control activities requiring intervention.

• To provide current status and potential problems of a project.