Performance Management & Metrics Flashcards
7 cards from real CPL practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Performance Management & Metrics flashcards as text
A program leader notices that a key performance indicator has been consistently below target for three consecutive reporting periods. What is the FIRST action they should take?
Answer: Conduct a root cause analysis to understand why the KPI is underperforming
Root cause analysis is the foundational step before any corrective action, ensuring responses address the actual problem rather than symptoms.
Which metric best reflects whether a program is delivering value relative to its cost?
Answer: Benefit-Cost Ratio (BCR)
The Benefit-Cost Ratio directly compares the total benefits of a program to its total costs, showing value delivered per dollar spent.
In a program performance dashboard, a 'lagging indicator' is best described as:
Answer: A metric that reflects past program results
Lagging indicators measure outcomes that have already occurred, such as completed deliverables or realized benefits.
A program's Earned Value is $450,000 and its Actual Cost is $500,000. What does this indicate?
Answer: The program is over budget
When Actual Cost exceeds Earned Value, the Cost Variance is negative, indicating the program has spent more than the value of work completed.
Which approach to setting performance targets ensures they align with organizational strategic objectives?
Answer: Cascading targets down from organizational goals to program-level metrics
Cascading targets ensures that program-level metrics are directly linked to and support higher-level organizational strategy.
A program leader wants to measure stakeholder satisfaction. Which method provides the most actionable data?
Answer: Conducting structured surveys with specific satisfaction dimensions
Structured surveys with specific dimensions (e.g., communication, responsiveness, outcomes) yield targeted data that directly informs improvement actions.
When a program's Schedule Variance (SV) is positive, it means:
Answer: The program is ahead of schedule
A positive Schedule Variance (EV − PV > 0) means more work has been earned than was planned, indicating the program is ahead of schedule.