Measurement and evaluation of project performance

Assignment Help Accounting Basics
Reference no: EM13916697

Question 1. The first step in the project control process of the measurement and evaluation of project performance is to
Answer
Set a baseline plan
Determine the project objectives
Determine the project deliverables
Analyze the project budget
Review the project priority matrix

Question 2. The third step in the project control process of the measurement and evaluation of project performance is to:
Answer
Review the baseline plan with top management
Analyze inputs to the control system
Compare the plan against actual performance
Measure both progress and performance
Review spending with team members

Question 3. A project monitoring system involves all of the following except:
Answer
Determining what date to collect
Determining how, when, and who will collect the data
Adjusting the data
Analysis of the data
Reporting current progress

Question 4. The last step in the project control process of the measurement and evaluation of project performance is to:
Answer
Take appropriate action
Prepare a report to top management
Follow up on corrective action
Measure progress and performance
Review spending with team members

Question 5. The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?
Answer
EV/BAC
(EV-PV)/BAC
AC/EAC
(EV-AC)/BAC
(EV-PV)/EAC

Question 6. The second step in the project control process of the measurement and evaluation of project performance is to:
Answer
Review the baseline plan with top management
Analyze inputs to control system
Compare plan against actual
Measure progress and performance
Review spending with team members

Question 7. Small refinements that eventually build to be major changes are known as:
Project erosion
Scope creep
Specification adjustments
Specification refinements
Continuous improvements

Question 8. In monitoring project time (schedule) performance actual performance should be compared to:
Answer
Budgets for the current year
Top management's targets
Project network schedule derived from the WBS/OBS
Progress on similar past projects
Previous status reports

Question 9. Implementing closedown includes the following major activities except:
Answer
Getting delivery acceptance from the customer.
Shutting down resources and releasing to new uses.
Closing accounts and seeing all bills are paid.
E-mail the project team that the project is complete.
Creating a final report.

Question 10. In the Snapshot from Practice, New Balls Goes Flat in NBA, is an example of a project gone wrong when the _______ is/are not consulted.
Answer
Manufacture
Equipment and facilities managers
End-users
The Fans
Project manager

Question 11. __________ of lessons learned are designed to improve performance on current and future projects.
Answer
Retrospectives
Corrective action plans
Introspective
Culmination
Evolution

Question 12. Many projects will fail because of circumstances beyond the control of the project team is called:
Answer
Normal
Premature
Perpetual
Failed Project
Changed Priority

Question 13. The section of the final project report that new project teams are likely to find most useful is the:
Answer
Analysis
Recommendations
Classification of project
Lessons learned
Strategic objectives

Question 14. When the project may be completed early with some parts of the project eliminated this is considered to be ___________ closure.
Answer
Normal
Premature
Perpetual
Changed Priority
Failed Project

Question 15. Items technical in nature and focus on solutions to problems that surfaced would typically appear in the _____ section of the final project report.
Answer
Analysis
Recommendations
Classification of project
Lessons learned
Strategic objectives

Question 16. When a project may start with a high priority but see its rank erode or crash during its project life cycle as conditions change this is an example of:
Answer
Normal
Premature
Perpetual
Failed Project
Changed Priority

Question 17. Which of the following is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers and continued improvement and use of best practices?
Answer
Portfolio Project Management
Project Office Management
Project Management Optimization
Project Priority Matrix Management
Resource Allocation Optimization

Question 18. Which of the following is not one of the techniques to insure that projects meet the needs of the organization?
Answer
Standards
Procedures
Accountability
Controls

Question 19. The use of an organization-wide project management system tailored to specific needs of the organization is established in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System

Question 20. The importance of the increase in project oversight to today's project manager includes all of the following except:
Answer
Increase in expected profits from projects
Increased interest in supporting and helping the project manager
Impact on the environment in which the project will be implemented
Impact on how the project manager's performance will be measured
The reporting of project progress to an oversight group

Question 21. Which of the following is not one of the four performance goals measures in the scorecard model?
Answer
customer
internal
financial measures
industry standards
innovation and learning

Question 22. The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System

Question 23. The focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods is established in which of the following Maturity Model Levels?
Answer
Ad Hoc Project Management
Formal Application of Project Management
Institutionalization of Project Management
Management of Project Management System
Optimization of Project Management System

Question 24. Which of the follow percentages is the authors' estimate of project-driven organizations that have been implementing some form of oversight for several years?
Answer
95%
90%
85%
80%
75%

Question 25. During which of the following phase gates would the question of "Are time, costs, and scope performances within acceptable limits?" be answered?
Answer
Proposal
Screening and selection
Implementation
Progress evaluation
Closure

Reference no: EM13916697

Questions Cloud

Why is it important to regain the confidence of a customer : Why is it important to regain the confidence of a customer in an adjustment message? How can it be done? How are American business letters different from those written in other countries? Why do you suppose this is so?
What impact has it had on competitive dynamics of industry : What aspects of Nintendo's strategy made it a game-changer in the video game industry? What impact has it had on the competitive dynamics of the industry?
What is the minimum score an applicant must have : The School of Engineering has decided to accept those students whose scores fall within the top 15%. What is the minimum score an applicant must have in order to be accepted into the Engineering School
Control environment : Define what is meant by a company's control environment. Comment on the impact that BFA's related party disclosure practices would have on an auditor's assess- ment of BFA's control environment. (The Baptist Foundation of Arizona (BFA) )
Measurement and evaluation of project performance : The first step in the project control process of the measurement and evaluation of project performance is to
Given that the dominant isotope mass for copper metal : Given that the dominant isotope mass for copper metal is 62.94 amu (g/mol) how many atoms of copper metal are in a pure copper coin that weighs 2.15g
Advantages and disadvantages of quasi-experiments : Describe the advantages and disadvantages of quasi-experiments? What is the fundamental weakness of a quasi-experimental design? Why is it a weakness? Does its weakness always matter?
Compute the margin of error : Consider a population with a known standard deviation of 26.8. In order to compute an interval estimate for the population mean, a sample of 64 observations is drawn. Is the condition that is normally distributed satisfied? Explain
What is a claim and when should it be straightforward : What is a claim? When should it be straightforward? Why should a direct claim be made by letter rather than by e-mail or a telephone call?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd