CPSM Project Monitoring, Control & Reporting Flashcards
7 cards from real CPSM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 CPSM Project Monitoring, Control & Reporting flashcards as text
What is the first step in the project control cycle?
Answer: Measure actual performance against the baseline
The control cycle begins with measuring actual performance, which is then compared to the baseline plan before determining whether corrective actions are needed.
Which technique predicts future project cost and completion date based on current earned value performance trends?
Answer: Earned Value forecasting (EAC/ETC)
Earned Value forecasting uses EAC (Estimate at Completion) and ETC (Estimate to Complete) to project the final cost and schedule outcome based on current performance indices.
After implementing a corrective action, what is the project manager's most important next step?
Answer: Monitor performance to verify the corrective action was effective
The control loop is only complete when the corrective action has been verified as effective through continued performance monitoring.
What does 'integrated change control' in software project management encompass?
Answer: Reviewing, approving, and managing changes across all project knowledge areas
Integrated change control ensures every change is formally reviewed for impact across scope, schedule, cost, and quality before approval, maintaining baseline integrity.
A project manager's EVM forecast shows the project will finish 3 weeks late. Which proactive approach best addresses this?
Answer: Analyze schedule compression options such as crashing or fast-tracking
Proactive control requires evaluating schedule compression techniques — crashing (adding resources) or fast-tracking (overlapping activities) — to recover the schedule.
What is the purpose of a 'lessons learned' review as a project control activity?
Answer: To capture process improvements and best practices for application on future projects
Lessons learned reviews identify what worked and what did not, enabling organizational learning and continuous improvement on future projects.
Which of the following best defines a 'control account' in project management?
Answer: A WBS management point where scope, budget, and schedule are integrated for EVM
A control account is a specific point within the WBS where scope, schedule, and budget are integrated and actual performance is measured using earned value techniques.