Project Management & Planning Flashcards

A project has BAC of $200,000, EV of $80,000, and AC of $100,000. Assuming current cost performance continues, what is the EAC?

Answer: $250,000

CPI = 80,000/100,000 = 0.8, so EAC = BAC/CPI = 200,000/0.8 = $250,000.

In Agile consulting engagements, who is primarily responsible for prioritizing the product backlog?

Answer: Product Owner

The Product Owner orders the backlog to maximize value delivered to the client.

What is the main purpose of a lessons-learned session at project closeout?

Answer: To capture knowledge that improves future engagements

Lessons learned document what worked and what didn't so future projects benefit from the experience.

Which chart displays project activities as horizontal bars against a timeline?

Answer: Gantt chart

A Gantt chart shows activity start dates, durations, and end dates as bars on a calendar scale.

Which item is typically considered a key component of the project baseline used for performance measurement?

Answer: Scope, schedule, and cost baselines

The performance measurement baseline integrates the approved scope, schedule, and cost baselines.

A consultant reallocates staff so no one exceeds 40 hours per week, which extends the critical path. What technique was used?

Answer: Resource leveling

Resource leveling adjusts dates to address resource limits and can change the critical path, unlike smoothing.

Which SMART criterion ensures a project objective has a defined deadline?

Answer: Time-bound

Time-bound means the objective includes a target date for completion.