Project Control Quiz

What is the primary purpose of project control?

• To ensure projects stay within time, cost, and performance limits

• To allocate resources effectively

• To motivate participants

• To anticipate problems

Which of the following is NOT a focus of project planning?

• Anticipating issues

• Allocating resources

• Correcting problems

• Setting direction and goals

What is the first step in the project control process?

• Implementing corrective actions

• Comparing actual performance with standards

• Motivating participants

• Determining performance standards

What does ACWP stand for in project management?

• Actual Cost of Work Performed

• Allocated Cost of Work Planned

• Actual Cost of Work Planned

• Allocated Cost of Work Performed

Which software is mentioned as a project management tool?

• PowerPoint

• Word

• Excel

• MS Project

What does CPI stand for in project performance indicators?

• Cost Performance Index

• Cost Planning Index

• Cost Planning Indicator

• Cost Performance Indicator

What is the formula for Cost Variance (CV)?

• BCWS - BCWP

• ACWP - BCWS

• BCWP - ACWP

• ACWP + BCWP

What does the term 'earned value' refer to?

• Cost Performance Index

• Budgeted Cost of Work Scheduled

• Actual Cost of Work Performed

• Budgeted Cost of Work Performed

What is the purpose of the Project Cost Accounting System (PCAS)?

• To assist in project control

• To create project schedules

• To allocate resources

• To motivate participants

Which of the following is a type of cost control based on the source?

• Direct and Indirect

• Scheduled and Unscheduled

• Fixed and Variable

• Internal and External