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Monitoring & Controlling Processes Flashcards

7 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 7 Monitoring & Controlling Processes flashcards as text

  1. A project manager notices that the cost performance index (CPI) is 0.82 after three months. What does this indicate?

    Answer: The project is 18% over budget for work completed

    A CPI below 1.0 means the project is spending more than planned for the value of work completed — specifically 18% over budget in this case.

  2. Which technique involves comparing actual project performance against the performance measurement baseline at regular intervals?

    Answer: Performance reviews

    Performance reviews are structured meetings or assessments that compare actual results to the baseline to measure and analyze project performance.

  3. During project execution, the team discovers scope creep occurring. What is the FIRST action the project manager should take?

    Answer: Document and assess the impact of the additional scope

    The first step is to document and assess the impact before deciding whether to accept, reject, or escalate the scope change through integrated change control.

  4. What is the primary purpose of a control chart in project quality monitoring?

    Answer: To determine whether a process is stable and in control

    Control charts display process data over time and use control limits to determine whether variation is within acceptable bounds, indicating process stability.

  5. A project manager calculates an Estimate at Completion (EAC) of $950,000 against a Budget at Completion (BAC) of $800,000. What does this forecast?

    Answer: The project is expected to overrun by $150,000

    EAC > BAC means the project is forecasted to exceed its original budget by the difference, in this case a $150,000 overrun.

  6. Which document is updated as a result of the Control Schedule process when corrective actions are approved?

    Answer: Project schedule forecasts

    Approved corrective actions and schedule data updates result in revised project schedule forecasts, which reflect expected future performance.

  7. A stakeholder requests a change that falls within the project manager's authority to approve. What should the PM do NEXT after approving the change?

    Answer: Update relevant project documents and communicate the change

    After approving a change, the PM must update affected project documents and notify stakeholders to ensure everyone is aligned with the new direction.