PMP - Performance

Question 1

Examples of Performance reports

Answer 1

Milestone - Updated milestone charts and activity sequences
Dashboards -
Work performance reports
Variance analysis reports
Quality reports
Earned value Graphs management (EVM) reports

Question 2

Burndown Chart

Answer 2

shows the amount of work left/remaining vs. the work done
tracks the work to be completed in the iteration, used to analyze variance to ideal
keep it at the end date
Parkinson’s law - people are motivated closer to end of a project

Question 3

Burnup Chart

Answer 3

aka feature complete graph
show accumulated progress of completed work
update after each iteration
another line with the total backlog

Question 4

velocity chart

Answer 4

team’s estimate rate of work compared to actual completed work
goal to achieve constant velocity
limiting work in process to make sur we dont get behind
* never compare teams

Question 5

task board (agile)

Answer 5

to do, work in progress, done
move stickies across the three columns

Question 6

continous/cummulative flow diagram

Answer 6

shows backlog, WIP, and done over time

Question 7

Earned Value Management

Answer 7

planned value
earned value
actual cost
budget at comparison – bac
graph that can show that even if you are underbudget you might be underproducing.

Question 8

Schedule Variance Forumula

Answer 8

schedule variance = Earned value - planned value
SV = EV - PV
SV = 0 – project on schedule
negative – behind
positive ahead

Question 9

schedule performance index

Answer 9

Schedule Performance index = earned value / planned value
SPI = EV - PV
SPI = 1 – project on schedule
less than 1 - behind schedule
more than 1 - ahead of schedule

Question 10

estimate at completion (EAC)

Answer 10

EAC = BAC/CPI
estimate at completion = budget at completion / current spending efficiency

what will the project cost in total?

Question 11

estimate to completion (ETC)

Answer 11

ETC = EAC - AC
estimate to completion = estimate at completion - actual cost

how much more money you need from today to end of the project

Question 12

Data representation for quality control

Answer 12

cause and affect diagram
scatter diagrams
control charts
histograms
pareto chart - 80/20 rule

Question 13

4 change request types

Answer 13

corrective action plan
preventive action
defect repair
update

Question 14

contract change control system

Answer 14

separate system just for changing contracts
separate organizational system