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Monitoring & Controlling Processes Flashcards

9 cards from real CPM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 9 Monitoring & Controlling Processes flashcards as text

  1. What is the main objective of project monitoring?

    Answer: Track progress and performance

    The main objective of project monitoring is to continuously track, review, and regulate the progress and performance of the project against the project management plan. This involves collecting data, analyzing variances, and identifying any deviations from the plan to enable timely corrective actions and keep the project on track.

  2. What is Earned Value Management (EVM) used for?

    Answer: Assess schedule and cost performance

    Earned Value Management (EVM) is a project management methodology used to objectively measure project performance and progress in an integrated way. It combines scope, schedule, and cost data to assess how much work has been completed relative to the budget and schedule, providing early warnings of potential issues and enabling proactive management.

  3. What tool compares actual progress with planned progress?

    Answer: Variance analysis

    Variance analysis helps identify deviations from the plan and supports corrective actions.

  4. What is a key component of integrated change control?

    Answer: Change approval and documentation

    It ensures all changes are reviewed, approved, and documented properly.

  5. What is the purpose of performance reporting?

    Answer: Communicate project status

    Performance reporting keeps stakeholders informed about the project’s health and progress.

  6. What is the purpose of a control chart?

    Answer: Plot data over time for trends

    Control charts identify process variations and help determine if a process is in control.

  7. What does a schedule baseline provide?

    Answer: Approved project timeline

    The schedule baseline serves as the standard for measuring project time performance.

  8. Why are corrective actions necessary?

    Answer: To realign project progress

    Corrective actions address project deviations and align outcomes with the plan.

  9. What metric helps forecast future project performance?

    Answer: Estimate at Completion (EAC)

    Estimate at Completion (EAC) predicts total project costs based on current trends.