Project Monitoring and Close-Out Quiz

What is the main purpose of project monitoring?

• To assign tasks to team members

• To celebrate project milestones

• To communicate status and changes

• To increase budget flexibility

Monitoring helps stakeholders by:

• Delaying expectations

• Ignoring project risks

• Managing their expectations

• Increasing project complexity

Which of the following is NOT typically monitored during a project?

• Scope of work

• Quality of work

• Team hobbies

• Costs and expenditures

Earned Value Analysis (EVA) is used to assess:

• Only team performance

• Future investments

• Both schedule and cost performance

• Human resource planning

What does BCWS stand for?

• Budgeted Cost of Work Scheduled

• Best Case Work Strategy

• Basic Control Workflow Standard

• Balanced Cost and Work Structure

If BCWP is less than BCWS, the project is:

• On schedule

• Ahead of schedule

• Under budget

• Behind schedule

The actual cost incurred to date is represented by:

• BCWS

• BCWP

• ACWP

• SV

A positive Cost Variance (CV) indicates the project is:

• Over budget

• Under budget

• Behind schedule

• Ahead of schedule

What formula calculates Schedule Variance (SV)?

• BCWP - ACWP

• BCWS - BCWP

• BCWP - BCWS

• ACWP - BCWP

Monitoring team attitude is important because:

• It increases vacation days

• It affects group morale and efficiency

• It controls stakeholder budgets

• It replaces technical skills