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Control Process
Baseline it!
Vari-what?
Status
Taking Action
100
The key to managing scope creep.
What is change management?
100
A set of stored values including original scheduled start and end dates, planned effort, and budgeted costs.
What is a project baseline?
100
This is the percent complete times the original budget for a task.
What is Earned Value?
100
Status is monitored using this view in MS Project.
What is Tracking Gantt?
100
If your project is time constrained, you may do this.
What is add resources, crash the schedule, or assign overtime?
200
To know how far along the project is, you collect information about the ____.
What is current status?
200
One benefit of having a project baseline is to ____.
What is assess project performance, calculate earned value and improve future estimating accuracy?
200
EAC
What is estimate at completion.
200
The Control Chart is used to track ______.
What is trends?
200
If your project is resource constrained, and you are behind schedule, you may elect to do this.
What is reduce scope, delay schedule, fast-track tasks.
300
Three items that a PM monitors on an ongoing basis are _____, _____ and _____.
What are cost, schedule and potential problems?
300
You set a project baseline under the _____ tab in MS Project.
What is the Project Tab?
300
Indirect costs for a project include _____ and ______.
What is overhead and profit?
300
Positive variance indicates a ______ condition.
What is desirable?
300
When reporting status, these three things should always be included.
What is 1) major accomplishments of the period, 2) identify objectives for the next period, and 3) identify any issues/challenges for project success.
400
Before you can report on a project, you must set this so that you can measure the progress.
What is a project baseline?
400
True or False, a project baseline is set just once at the end of the project?
What is False. A project baseline is first set when you initially complete the plan and then another one is set each time a change is made to the plan.
400
______ = EV - AC, while _____= EV – PV
What is cost variance, schedule variance?
400
Establishing frequent checkpoints, assign completion percentages in units (lines of code, hours, drawings complete, etc.) are the best method for assigning costs under this RULE.
What is Percent Complete Rule? This adds "objectivity" into estimating.
400
In Agile, a ___ report is a good tool for relaying status information because the red, yellow and green colors help to quickly show where there are potential problems.
What is a stop-light report? Stoplight highlights the three main components: a) Budget, b) Scope, and c) Schedule Milestones/Activities, Risks and Mitigation Strategies
500
The four steps of the Project Control Process are ______, ______, _____, and ______.
What are: a) set plan baseline, b) measure progress against performance, c) compare plan against actual, d)take action.
500
Three direct costs are typically included in project baselines: _____, ______, and ______.
What is labor, equipment and materials?
500
Assessing current status requires you to have the numbers for _____, ______, and ______.
What is Planned cost (PV), Budgeted cost (EV), and Actual cost (AC)
500
_______ variance indicates that problems or changes have occurred
What is Negative?
500
Name the three main benefits of doing regular status reporting.
What is keeping stakeholders informed, authorizing changes and/or making decisions. Basically, you want to be sure the project is headed in the right direction.