Exam (elaborations)
QSO 340 Module 6 Part 1 Questions And Answers Latest Update
- Course
- QSO 420
- Institution
- Southern New Hampshire University
QSO 340 Module 6 Part 1 Questions And Answers Latest Update
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Solution 2024/2025Pepper
QSO 340: Module 6 Part 1 Questions And
Answers Latest Update
Earned Value Management (EVM) ANS✔✔ A management methodology for
integrating scope, schedule, and resources, and for objectively measuring
project performance and progress.
Performance is measured by determining the budgeted cost of work
performed (i.e., earned value) and comparing it to the actual cost of work
performed (i.e., actual cost).
Performance Report ANS✔✔ Physical or electronic representation of work
performance info compiled in project documents, intended to generate
decisions, actions, or awareness
Monitoring and Controlling ANS✔✔ This project process group is where
activities are performed to monitor the progress of the project and
determine whether there are variances from the project plan.
Corrective actions are taken during this process to get the project back on
course.
Monitoring and Controlling phase responsibilities ANS✔✔ Comparing actual
project performance against the project management plan
Assessing performance to determine whether actions are necessary to keep
the project on course
, Solution 2024/2025
Pepper
Monitoring changes as they are implemented
Tracking and analyzing existing risks (and identifying new risks) to ensure
that risks do not threaten the project or its deliverables
Updating project plans and baselines
Communicating performance reports to appropriate project participants
Developing and maintaining an info base of project successes and
challeneges
Corrective Action ANS✔✔ An intentional activity that realigns the
performance of the project work with the project management plan.
Activity Duration ANS✔✔ The time in calendar units between the start and
finish of a schedule activity.
Project Team Responsibilities for tracking progress ANS✔✔ Compare the
work produced, effort, cost, and schedule to the project baselines
Use milestones, the project schedule, and the WBS to check performance
and to select times for monitoring efforts
Review responsibility assignment matrix to ensure that the work produced
compiles with the agreements signed
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