ETC Project Management & Documentation 3 — Questions and Answers
Question 1: In Earned Value Management (EVM), what does SPI stand for?
- Schedule Performance Index (Correct answer)
- Scope Planning Index
- Status Progress Indicator
- Standard Project Integration
Correct answer: Schedule Performance Index
SPI (Schedule Performance Index) equals Earned Value divided by Planned Value and indicates schedule efficiency.
Question 2: A project has a CPI of 0.85. What does this indicate?
- The project is 15% ahead of schedule
- The project is spending 15% more than planned per unit of work (Correct answer)
- The project will finish 15% early
- The project has 15% more scope than originally planned
Correct answer: The project is spending 15% more than planned per unit of work
A CPI less than 1.0 means the project is over budget — spending more than planned for the work accomplished.
Question 3: Which scheduling technique calculates the longest path through a project network to determine the minimum project duration?
- PERT analysis
- Critical Path Method (CPM) (Correct answer)
- Resource leveling
- Monte Carlo simulation
Correct answer: Critical Path Method (CPM)
The Critical Path Method identifies the longest sequence of dependent tasks, determining the shortest possible project duration.
Question 4: What is the purpose of a change control board (CCB) in project management?
- To assign team members to tasks
- To review and approve or reject proposed changes (Correct answer)
- To document project risks
- To conduct performance reviews
Correct answer: To review and approve or reject proposed changes
A CCB is a formally constituted group responsible for evaluating, approving, deferring, or rejecting changes to the project.
Question 5: Which document type provides a detailed written description of work to be performed by a contractor or vendor?
- Project Charter
- Statement of Work (SOW) (Correct answer)
- Risk Register
- Procurement Plan
Correct answer: Statement of Work (SOW)
A Statement of Work (SOW) describes in detail the work to be delivered by a vendor or contractor under a contract.
Question 6: In project documentation, what is the primary purpose of a lessons learned register?
- To track pending action items
- To capture knowledge for improving future projects (Correct answer)
- To list approved vendors
- To record daily timesheets
Correct answer: To capture knowledge for improving future projects
A lessons learned register captures knowledge gained during the project so future projects can benefit from past experiences.
Question 7: When a project manager compresses the schedule by overlapping activities that were originally planned in sequence, this technique is called:
- Crashing
- Resource smoothing
- Fast tracking (Correct answer)
- Schedule baselining
Correct answer: Fast tracking
Fast tracking overlaps or parallels tasks that were originally planned in sequence, which can shorten the schedule but increases risk.
ETC Project Management & Documentation 3
In Earned Value Management (EVM), what does SPI stand for?