BSIS TEST 3 QUESTIONS & DETAILED
ANSWERS 100% NEWEST VERSION
The project manager must have a clear picture of how the actual progress or work
compares to the baseline plan in order to make well-informed decisions, take
appropriate actions, or to make adjustments to the project plan. - Correct Answer ✔✔
True
If a stakeholder has been judged to adversarial and having a vested interest in the
failure of your project, it would probably be wise to keep him out of the communication
loop. - Correct Answer ✔✔ False
All of the project stakeholders should receive exactly the same information regarding
the project's progress in order to eliminate any miscommunication. - Correct Answer
✔✔ False
The project communications plan may be informal depending on the needs of the
project stakeholders and the size of the project. - Correct Answer ✔✔ True
A project metric should be obtained from observable, quantifiable data that allows the
team and other stakeholders to gauge the efficiency and effectiveness of the work being
done. - Correct Answer ✔✔ True
One attribute of a good project metric is that it should be subjective so that a
stakeholder can understand the project manager's personal opinion or insight as to how
the project is progressing. - Correct Answer ✔✔ False
A good project metric should be understandable, quantifiable, cost effective, proven,
and be effective. - Correct Answer ✔✔ True
Generally, the more metrics one adopts, the greater the project control. - Correct
Answer ✔✔ False
Planned value (PV) is the planned or budgeted cost of work scheduled for an activity or
component of the WBS. - Correct Answer ✔✔ True
Earned value provides a performance measurement that tells us how much of the
budget we really should have spent for the work completed so far. - Correct Answer ✔✔
True
Budget At Completion (BAC) is the total planned cost of a project. - Correct Answer ✔✔
True
, As a project manager, you would be pleased see a Cost Performance Index CPI less
than one (1) for your project. - Correct Answer ✔✔ False
The Schedule Performance Index (SPI) for our project is greater than one (1) and so we
would anticipate that all other things being equal, our project will finish ahead of
schedule. - Correct Answer ✔✔ True
The schedule variance (SV) shows the difference between the current progress of the
project and its original or planned value. - Correct Answer ✔✔ True
A cost variance (CV) can be positive or negative, but never zero. - Correct Answer ✔✔
False
The Expected Time Complete (ETC) provides an estimate for completing the scheduled
work that remains. - Correct Answer ✔✔ True
The Estimate At Completion (EAC) is a project metric that can be used to estimate the
most likely total or final cost of the project based on the project's performance and any
risks that should be considered. - Correct Answer ✔✔ True
The purpose of a project review is to not only show evidence that the project work is
being completed, but also that the work is being completed according to various
standards or agreed upon requirements. - Correct Answer ✔✔ True
Given the advances that have been made in telecommunications and IT technology in
general, there is little value or necessity today for Face-to-Face (F2F) meetings. -
Correct Answer ✔✔ False
Which of the following is not likely a characteristic of a good project metric?: - Correct
Answer ✔✔ d) Subjective
Earned Value tells us __________ - Correct Answer ✔✔ d) how much of the budget we
really should have spent on the work completed so far
Budget At Completion (BAC) is __________ - Correct Answer ✔✔ b) how much we
budgeted to spend at the beginning of the project
Actual Cost (AC) is __________ - Correct Answer ✔✔ a) how much we actually spent
for work completed
Cost Variance (CV) is __________ - Correct Answer ✔✔ e) the difference between the
estimated cost and how much we have actually spent
Schedule Variance (SV) is __________ - Correct Answer ✔✔ e) the difference between
the current progress and the original schedule
ANSWERS 100% NEWEST VERSION
The project manager must have a clear picture of how the actual progress or work
compares to the baseline plan in order to make well-informed decisions, take
appropriate actions, or to make adjustments to the project plan. - Correct Answer ✔✔
True
If a stakeholder has been judged to adversarial and having a vested interest in the
failure of your project, it would probably be wise to keep him out of the communication
loop. - Correct Answer ✔✔ False
All of the project stakeholders should receive exactly the same information regarding
the project's progress in order to eliminate any miscommunication. - Correct Answer
✔✔ False
The project communications plan may be informal depending on the needs of the
project stakeholders and the size of the project. - Correct Answer ✔✔ True
A project metric should be obtained from observable, quantifiable data that allows the
team and other stakeholders to gauge the efficiency and effectiveness of the work being
done. - Correct Answer ✔✔ True
One attribute of a good project metric is that it should be subjective so that a
stakeholder can understand the project manager's personal opinion or insight as to how
the project is progressing. - Correct Answer ✔✔ False
A good project metric should be understandable, quantifiable, cost effective, proven,
and be effective. - Correct Answer ✔✔ True
Generally, the more metrics one adopts, the greater the project control. - Correct
Answer ✔✔ False
Planned value (PV) is the planned or budgeted cost of work scheduled for an activity or
component of the WBS. - Correct Answer ✔✔ True
Earned value provides a performance measurement that tells us how much of the
budget we really should have spent for the work completed so far. - Correct Answer ✔✔
True
Budget At Completion (BAC) is the total planned cost of a project. - Correct Answer ✔✔
True
, As a project manager, you would be pleased see a Cost Performance Index CPI less
than one (1) for your project. - Correct Answer ✔✔ False
The Schedule Performance Index (SPI) for our project is greater than one (1) and so we
would anticipate that all other things being equal, our project will finish ahead of
schedule. - Correct Answer ✔✔ True
The schedule variance (SV) shows the difference between the current progress of the
project and its original or planned value. - Correct Answer ✔✔ True
A cost variance (CV) can be positive or negative, but never zero. - Correct Answer ✔✔
False
The Expected Time Complete (ETC) provides an estimate for completing the scheduled
work that remains. - Correct Answer ✔✔ True
The Estimate At Completion (EAC) is a project metric that can be used to estimate the
most likely total or final cost of the project based on the project's performance and any
risks that should be considered. - Correct Answer ✔✔ True
The purpose of a project review is to not only show evidence that the project work is
being completed, but also that the work is being completed according to various
standards or agreed upon requirements. - Correct Answer ✔✔ True
Given the advances that have been made in telecommunications and IT technology in
general, there is little value or necessity today for Face-to-Face (F2F) meetings. -
Correct Answer ✔✔ False
Which of the following is not likely a characteristic of a good project metric?: - Correct
Answer ✔✔ d) Subjective
Earned Value tells us __________ - Correct Answer ✔✔ d) how much of the budget we
really should have spent on the work completed so far
Budget At Completion (BAC) is __________ - Correct Answer ✔✔ b) how much we
budgeted to spend at the beginning of the project
Actual Cost (AC) is __________ - Correct Answer ✔✔ a) how much we actually spent
for work completed
Cost Variance (CV) is __________ - Correct Answer ✔✔ e) the difference between the
estimated cost and how much we have actually spent
Schedule Variance (SV) is __________ - Correct Answer ✔✔ e) the difference between
the current progress and the original schedule
