CPM Monitoring & Controlling Processes 2

Question 1

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

Accepted Answer

The project is 18% over budget for work completed

Answer

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.

Question 2

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

Accepted Answer

Performance reviews

Answer

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

Question 3

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

Accepted Answer

Document and assess the impact of the additional scope

Answer

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.

Question 4

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

Accepted Answer

To determine whether a process is stable and in control

Answer

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

Question 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?

Accepted Answer

The project is expected to overrun by $150,000

Answer

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

(CPM) Certified Project Manager Practice Test

(CPM) Certified Project Manager Practice Test

CPM Monitoring & Controlling Processes 2