Project Control: Master Project Monitoring and Control Techniques

Question 1

Which of the following is **not** a core aspect of project control?

Accepted Answer

Managing risks

Answer

Tracking progress

Answer

Identifying deviations

Answer

Implementing corrective actions

Question 2

What is the primary purpose of earned value management?

Accepted Answer

Evaluating the schedule and cost performance of a project

Answer

Identifying changes in the project scope

Answer

Managing risks and uncertainties

Answer

Forecasting the project completion date

Question 3

In project control, distinguish between earned value and actual cost. Explain the significance of each metric in evaluating project performance.

Accepted Answer

Earned Value: Budgeted cost of work performed; Actual Cost: Actual cost spent.

Answer

Earned Value and Actual Cost are the same.

Answer

Earned Value: Percentage of work completed multiplied by actual cost.

Answer

Actual Cost is irrelevant in project control.

Question 4

How does change management contribute to project control? Describe the key steps involved in managing change requests.

Accepted Answer

Change management enhances project control by providing a structured process for assessing and implementing changes.

Answer

Change management is solely responsible for managing changes in project scope.

Answer

Project control should automatically reject all change requests during project execution.

Answer

Change management processes are optional and not essential for effective project control.

Question 5

In project control, ethical change management involves considering the impact of changes on stakeholders, project goals, and resource allocation. Discuss the ethical considerations in change management, emphasizing the importance of transparent communication and stakeholder involvement in decision-making.

Accepted Answer

Ethical change management involves open communication and stakeholder engagement to facilitate informed decision-making.

Answer

Ethical change management prioritizes stakeholder satisfaction above all else.

Answer

Project managers have no ethical responsibility to consider resource implications of project changes.

Answer

Ethical change management mandates unanimous stakeholder approval before implementing changes.

Question 6

What is the primary objective of change management in project management?

Accepted Answer

To proactively identify, assess, and control changes to the project to minimize their impact

Answer

To prevent any changes from occurring

Answer

To ensure that all changes are approved by the project manager

Answer

To document all changes made to the project

Question 7

What is the purpose of a project baseline?

Accepted Answer

To establish a reference point for measuring project performance and progress

Answer

To identify potential risks and opportunities

Answer

To develop corrective action plans

Answer

To document project assumptions and constraints

Question 8

What is the purpose of variance analysis in project management?

Accepted Answer

To analyze deviations from the project baseline and identify their causes

Answer

To predict future project outcomes

Answer

To develop corrective action plans

Answer

To improve project communication

Question 9

What is the name of the performance measure that tracks the percentage of work completed on a project?

Accepted Answer

Percent Complete

Answer

Productivity Index

Answer

Schedule Variance

Answer

Cost Performance Index

Question 10

What is the main purpose of change management in project control?

Accepted Answer

To identify and manage changes to the project's scope, schedule, or budget.

Answer

To ensure that all project tasks are completed on time and within budget.

Answer

To monitor project progress and identify potential risks.

Question 11

What is the name of the technique used to compare the planned schedule with the actual schedule?

Accepted Answer

Schedule Variance Analysis

Answer

Cost Variance Analysis

Answer

Performance Measurement Review

Answer

Earned Value Analysis

Question 12

What is the purpose of a Project Control Plan?

Accepted Answer

To establish the methods, tools, and roles for project control activities.

Answer

To identify and mitigate project risks.

Answer

To formalize the project's scope, schedule, and budget.

Question 13

What is the metric that measures the efficiency of a project team?

Accepted Answer

Productivity Index

Answer

Percent Complete

Answer

Schedule Variance

Question 14

What is the primary purpose of a project performance measurement baseline?

Accepted Answer

To establish a reference point against which project progress can be measured

Answer

To track project progress against the schedule

Answer

To identify areas of potential deviation from the plan

Question 15

Which of the following is a primary benefit of using change management in project control?

Accepted Answer

Mitigating the impact of project changes on project outcomes

Answer

Reducing the cost of project changes

Answer

Accelerating project completion

Answer

Eliminating project changes

Question 16

What is the primary purpose of a project control plan?

Accepted Answer

To establish how project performance will be monitored and controlled

Answer

To document project estimates

Answer

To manage project risks

Question 17

Which of the following is a tool commonly used for project control?

Accepted Answer

Performance reviews

Answer

Risk matrix

Answer

Decision trees

Answer

Brainstorming sessions

Question 18

What is the main objective of project control in a waterfall methodology?

Accepted Answer

To ensure strict adherence to project requirements and specifications

Answer

To facilitate rapid project changes

Answer

To encourage project team innovation

Question 19

What is the purpose of calculating an earned value variance?

Accepted Answer

To measure the difference between planned and actual results

Answer

To identify project risks

Answer

To forecast project completion date