MCQs > Finance & Management > Project Management MCQs > Assessing Project Progress MCQs

Assessing Project Progress MCQ

Special Cause Variation refers to changes in a task’s performance due to systematic or environmental changes that are likely to have long-term impacts.

Answer

Correct Answer: True

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Difference between the value of the completed work and the value of the planned work in a task or project at any point in time is known as:

Answer

Correct Answer: Schedule Variance (SV)

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______________ is a methodology used to assess performance in ongoing tasks and projects.

Answer

Correct Answer: Both

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Cost Variance (CV) is the difference between the amount representing the value of the completed work in a task or project and the actual costs incurred at any point in time.

Answer

Correct Answer: True

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Refers to variation in the performance of a task that is caused by short-term transitory factors are called ____________.

Answer

Correct Answer: Common Cause Variation

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More Project Management Subjects
An Introduction to Project Management
Project Initiation and Selection
Project Planning
Agile Project Management
Project Content
Probability and Distribution Functions
Scheduling a Deterministic Project
Project Trade-offs and Risk Mitigation
Scheduling Stochastic Projects
Monte Carlo Simulation
Managing Project Resources
Project Teams
Managing Decentralized Projects
Managing a Multi-Project Environment
Software Management
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Project Management Skill Assessment
Project Management PDF
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