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 is designing a Balanced Scorecard for their program. Which four perspectives does the classic Balanced Scorecard framework include?
Answer: Financial, Customer, Internal Processes, Learning & Growth
Kaplan and Norton's Balanced Scorecard framework uses Financial, Customer, Internal Process, and Learning & Growth perspectives to provide a holistic performance view.
Which metric would be MOST useful for tracking whether program benefits are being realized post-delivery?
Answer: Benefits Realization Rate
Benefits Realization Rate measures the extent to which expected program benefits have actually been achieved after delivery, which is the core of post-delivery performance tracking.
A program leader discovers that two component projects are reporting the same metrics in conflicting ways. The BEST corrective action is to:
Answer: Establish a standardized metrics reporting framework across all components
Standardizing reporting frameworks ensures consistency, comparability, and accuracy of performance data across all program components.
What is the primary purpose of a performance baseline in program management?
Answer: To provide a reference point for measuring actual program performance
A performance baseline (scope, schedule, cost) provides the approved reference against which actual program performance is compared and variances identified.
A program's CPI is 0.85. Using Estimate at Completion (EAC) = BAC/CPI, if the Budget at Completion is $2,000,000, what is the forecasted total cost?
Answer: $2,352,941
EAC = BAC / CPI = $2,000,000 / 0.85 ≈ $2,352,941, indicating the program will cost more than originally budgeted.
In performance reporting, 'traffic light' (Red/Amber/Green) status indicators are most useful because they:
Answer: Provide an immediate, intuitive overview of program health to stakeholders
RAG (Red/Amber/Green) status indicators give stakeholders a fast, visual summary of performance, enabling quick identification of areas needing attention.
Which statement BEST describes the difference between efficiency and effectiveness in program performance?
Answer: Efficiency measures resource use relative to output; effectiveness measures whether goals are achieved
Efficiency relates to doing things right (output per input), while effectiveness relates to doing the right things (achieving intended goals).