PMI-SP Progress Tracking 3

Question 1

Which progress reporting element provides a narrative explanation of deviations from the baseline schedule?

Accepted Answer

Variance analysis report

Answer

A variance analysis report explains the causes of deviations and includes corrective actions, going beyond just the numerical variances.

Question 2

A project has EV = $300K, PV = $350K, and AC = $280K. What is the cost variance (CV)?

Accepted Answer

+$20K

Answer

CV = EV - AC = $300K - $280K = +$20K, indicating the project is under budget by $20K.

Question 3

When a project uses a 'rolling wave' planning approach, how does progress tracking adapt?

Accepted Answer

Only near-term work is tracked; far-future work is excluded

Answer

Rolling wave planning progressively elaborates detail, so tracking is applied rigorously to near-term planned activities while future work remains at summary level.

Question 4

Which document formally captures the approved changes to the project schedule baseline for progress comparison purposes?

Accepted Answer

Schedule baseline (revised)

Answer

An approved and revised schedule baseline replaces the previous baseline and becomes the new reference for measuring progress and variance.

Question 5

A scheduler uses an S-curve to show cumulative planned versus actual progress. What does a gap between the two curves indicate?

Accepted Answer

A schedule or cost variance

Answer

A gap between planned and actual S-curves visually represents variance—either the project is ahead or behind in terms of work accomplished or money spent.

(PMI-SP) PMI Scheduling Professional Practice Test

(PMI-SP) PMI Scheduling Professional Practice Test

PMI-SP Progress Tracking 3