Effective Monitoring and Information Systems in Project Management

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 1/17 Mini PMP - Ch 10 - Monitoring and Information Systems Due Apr 1 at 11:59pm Points 45 Questions 45 Available until Apr 1 at 11:59pm Time Limit 90 Minutes This quiz was locked Apr 1 at 11:59pm. Attempt History Attempt Time Score LATEST Attempt 1 81 minutes 27 out of 45 Score for this quiz: 27 out of 45 Submitted Apr 1 at 11:57pm This attempt took 81 minutes. 0 / 1 pts Question 1 _____: To keep watch in order to take action when progress fails to match plans. Monitoring ou Answered ou Answered orrect Answers orrect Answers Monitor 1 / 1 pts Question 2 BAC stands for _____.

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 2/17 Budget at Completion Correct! Correct! orrect Answers orrect Answers budget at completion 1 / 1 pts Question 3 According to the authors, the key items to be planned, monitored, and controlled are what? Schedule, budget, and feasibility Schedule, budget, and performance Correct! Correct! Schedule, quality, performance, and customer satisfaction Schedule, budget, and financial stability 1 / 1 pts Question 4 In earned value analysis, the 50-50 rule assumes what? 50 percent is earned when the task begins and 50 percent is earned at the halfway stage 50 percent is earned when the task begins and 50 percent is earned at completion Correct! Correct! 50 percent is earned when the project is planned and 50 percent is earned when the project is over

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 3/17 50 percent is earned when the task is half done and 50 percent is earned at completion 0 / 1 pts Question 5 There are several conventions used to aid in estimating percentage completion. Which of the following is the most conservative? 0-100 percent rule orrect Answer orrect Answer Proportionality Critical input use 50-50 rule ou Answered ou Answered 0 / 1 pts Question 6 (BAC + EV) / CPI = _____. Estimated cost to Complete (ETC) ou Answered ou Answered orrect Answers orrect Answers ETC 1 / 1 pts Question 7 ETC + AC = _____.

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4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 4/17 EAC Correct! Correct! orrect Answers orrect Answers EAC 1 / 1 pts Question 8 _____ is collecting, recording, and reporting information concerning any and all aspects of project performance that the stakeholders wish to know. monitoring Correct! Correct! orrect Answers orrect Answers Monitoring 1 / 1 pts Question 9 The most common mistake made when monitoring data is to gather information that is clearly related to project performance but what? Cannot be captured in the mechanized PMIS Has little or no probability of changing significantly between collection periods Correct! Correct! Is too unusual to use Is so volatile that trends cannot be detected 0 / 1 pts Question 10

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 5/17 A negative variance is undesirable. True orrect Answer orrect Answer False ou Answered ou Answered 1 / 1 pts Question 11 An appropriate and common secondary user for monitoring includes what? Exercising effective control over the project Evaluating current status of the project Fixing the blame when things go wrong Auditing, learning from mistakes, and reporting progress and status Correct! Correct! 1 / 1 pts Question 12 Alderton suggests telltale signs of project trouble. The following description is for which one? The scope is not well defined or well understood." Vague or incomplete project requirements are a major red flag. Discord and drama Suspicious status reports Muddy waters Correct! Correct!

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 6/17 Unconstrained constraints 1 / 1 pts Question 13 Which of the following is not a common difficulty in the design of project reports? Providing too much detail Poor correspondence between the planning and monitoring systems Having too many interface modules Correct! Correct! Poor correspondence to the parent firmÍs reporting system 0 / 1 pts Question 14 In earned value analysis, (CPI)(SPI) = _____. CSI ( cost - schedule index ) ou Answered ou Answered orrect Answers orrect Answers CSI 0 / 1 pts Question 15 _____: Having an excess of information so that the information desired is difficult to locate.

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4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 7/17 Monitoring ou Answered ou Answered orrect Answers orrect Answers Information Overload 1 / 1 pts Question 16 Vague or incomplete project requirements are an example of which telltale sign that a project is in trouble? Scope creep Mysterious stakeholders Unconstrained constraints Muddy waters Correct! Correct! 1 / 1 pts Question 17 The project control process should be viewed as this, with revised plans and schedules (if warranted) following corrective actions. The project control process should run continuously until the project is completed. Open environment Earned value plan Closed loop system Correct! Correct! Open loop system

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 8/17 0 / 1 pts Question 18 In earned value analysis, (EV/AC)(EV/PV) = _____. CSI (Cost-Schedule Index) ou Answered ou Answered orrect Answers orrect Answers CSI 1 / 1 pts Question 19 In earned value analysis, BAC refers to the what? Budgeted annual cost Budget at completion Correct! Correct! Budget at close-out Big annual cost 1 / 1 pts Question 20 In earned value analysis, which variance is computed as the earned value minus the actual cost of work performed? Time variance Schedule variance Cost variance Correct! Correct!

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 9/17 CPI 0 / 1 pts Question 21 There is a strong tendency to let project _____ serve as surrogate measures for output. brand awareness ou Answered ou Answered orrect Answers orrect Answers inputs 1 / 1 pts Question 22 _____: A deviation from plan or expectation. Variance Correct! Correct! orrect Answers orrect Answers Variance 0 / 1 pts Question 23 Variances cannot be negative. True ou Answered ou Answered False orrect Answer orrect Answer

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4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 10/17 1 / 1 pts Question 24 _____: Excessive fascination or activity with the computer rather than the project itself such that the project suffers. computer paralysis Correct! Correct! orrect Answers orrect Answers Computer Paralysis 1 / 1 pts Question 25 CSI stands for _____. Cost-Schedule Index Correct! Correct! orrect Answers orrect Answers cost-schedule index 1 / 1 pts Question 26 If CSI is less than 1, it is indicative of a what? Efficient project Problem Correct! Correct! Budget error Good project

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 11/17 0 / 1 pts Question 27 What is the relationship between management level and report details? Senior management receives more reports than lower levels ou Answered ou Answered There is no relationship Senior management receives fewer reports than lower levels orrect Answer orrect Answer Senior management receives the reports as lower levels 1 / 1 pts Question 28 SV stands for _____. Schedule Variance Correct! Correct! orrect Answers orrect Answers schedule variance 0 / 1 pts Question 29 Indices (CPI, SPI, and TPI) can be negative. True ou Answered ou Answered False orrect Answer orrect Answer

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 12/17 1 / 1 pts Question 30 CV stands for _____. Cost Variance Correct! Correct! orrect Answers orrect Answers cost variance spending variance 1 / 1 pts Question 31 There are several conventions used to aid in estimating percent completion. Which does the following describe? Fifty percent completion is assumed when the task is begun, and the remaining 50 percent when the work is complete. Critical input use 50-50 rule Correct! Correct! Proportionality 0-100 percent rule 1 / 1 pts Question 32 WBS stands for _____. work breakdown structure Correct! Correct!

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4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 13/17 orrect Answers orrect Answers work breakdown structure 1 / 1 pts Question 33 For each factor to be measured during monitoring; performance criteria, standards, and what should be established? Automated systems Audit checks Data collection procedures Correct! Correct! Mechanized systems 0 / 1 pts Question 34 The project _____ describes what is being done, when and the planned level of resource usage for each task, work-package or element in the project. WBS (work breakdown structure) ou Answered ou Answered orrect Answers orrect Answers WBS 0 / 1 pts Question 35 _____: An Agile visual tool for monitoring the progress made during a sprint. Shows the status of the tasks associated with each user story to be

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 14/17 completed during a sprint as To Do, In Progress, or Done. burndown chart ou Answered ou Answered orrect Answers orrect Answers Task Board 0 / 1 pts Question 36 ST-AT = _____. TV ( Time Variance) ou Answered ou Answered orrect Answers orrect Answers TV 1 / 1 pts Question 37 Monitoring, as an activity, should be kept distinct from _____, which uses data supplied by monitoring to bring actual performance into approximate congruence with planned performance. controlling Correct! Correct! orrect Answers orrect Answers controlling 1 / 1 pts Question 38 CPI stands for _____.

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 15/17 Cost performance index Correct! Correct! orrect Answers orrect Answers cost performance index 0 / 1 pts Question 39 _____: The scheduled time for the work completed less the actual time. planned time-phased ou Answered ou Answered orrect Answers orrect Answers Time Variance 0 / 1 pts Question 40 The main complaints about _____ are that they are interminably long, come to no conclusions, and waste everyoneÍs time. meeting ou Answered ou Answered orrect Answers orrect Answers meetings 0 / 1 pts Question 41 EAC stands for _____. Estimate at Completion ou Answered ou Answered

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4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 16/17 orrect Answers orrect Answers estimated cost at completion 0 / 1 pts Question 42 _____: Chart used to monitor sprint progress where the remaining work for the sprint is on the vertical axis and time is shown on the horizontal axis. Burn-down chart ou Answered ou Answered orrect Answers orrect Answers Burndown Chart 1 / 1 pts Question 43 This can often give the project manager early warning signals of potential problems in a project and help understand the relationships of individual tasks to one another and to the overall project. Scope change reports The WBS Detailed and timely reports Correct! Correct! Executive summaries 1 / 1 pts Question 44

4/27/23, 10:14 PM Mini PMP - Ch 10 - Monitoring and Information Systems : MGMT641102-Global Project Management https://njit.instructure.com/courses/27956/quizzes/88091?module_item_id=1002653 17/17 There are several conventions used to aid in estimating percentage completion. Which of the following is the most popular? Proportionality Critical input use 0-100 percent rule 50-50 rule Correct! Correct! 1 / 1 pts Question 45 In earned value analysis, EAC refers to the what? Estimated actual cost Eliminated annual cost Estimated annual cost Estimated cost at completion Correct! Correct! Quiz Score: 27 out of 45

Mini PMP - Ch 10 - Monitoring and Information Systems _ MGMT641102-Global Project Management

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