Performance measurement and tracking MCQs – Software Project Management
1. What is the primary goal of performance measurement in project management?
A) To define project scope
B) To assess project progress and performance
C) To allocate project resources
D) To develop project requirements
Answer: B) To assess project progress and performance
2. Which of the following metrics indicates how much work has been completed relative to what was planned?
A) Earned Value (EV)
B) Planned Value (PV)
C) Actual Cost (AC)
D) Cost Performance Index (CPI)
Answer: A) Earned Value (EV)
3. What does the Cost Performance Index (CPI) measure?
A) The ratio of earned value to actual cost
B) The ratio of planned value to earned value
C) The difference between actual cost and earned value
D) The ratio of earned value to planned value
Answer: A) The ratio of earned value to actual cost
4. What is the purpose of the Schedule Performance Index (SPI)?
A) To measure cost efficiency
B) To evaluate schedule efficiency
C) To track actual costs
D) To identify project risks
Answer: B) To evaluate schedule efficiency
5. Which metric helps determine if a project is on track according to its schedule?
A) Earned Value (EV)
B) Schedule Variance (SV)
C) Actual Cost (AC)
D) Cost Performance Index (CPI)
Answer: B) Schedule Variance (SV)
6. What does a positive Schedule Variance (SV) indicate?
A) The project is behind schedule
B) The project is ahead of schedule
C) The project is over budget
D) The project is on budget
Answer: B) The project is ahead of schedule
7. Which of the following is NOT a component of Earned Value Management (EVM)?
A) Planned Value (PV)
B) Earned Value (EV)
C) Actual Cost (AC)
D) Risk Register
Answer: D) Risk Register
8. What is the purpose of a performance baseline in project management?
A) To provide a reference for measuring project performance
B) To allocate project resources
C) To define project scope
D) To create a project charter
Answer: A) To provide a reference for measuring project performance
9. How is the Cost Variance (CV) calculated?
A) EV – PV
B) EV – AC
C) PV – EV
D) AC – EV
Answer: B) EV – AC
10. Which of the following best describes the term “project tracking”?
A) Documenting changes in project scope
B) Measuring and recording project performance and progress
C) Allocating project budget
D) Identifying project risks
Answer: B) Measuring and recording project performance and progress
11. What does a Cost Performance Index (CPI) value less than 1.0 indicate?
A) The project is under budget
B) The project is on budget
C) The project is over budget
D) The project is ahead of schedule
Answer: C) The project is over budget
12. Which performance measurement technique is used to predict future project performance?
A) Earned Value Management (EVM)
B) Monte Carlo Simulation
C) Regression Analysis
D) SWOT Analysis
Answer: C) Regression Analysis
13. What is the purpose of a project dashboard?
A) To provide real-time visibility into project performance
B) To allocate project resources
C) To develop a detailed project schedule
D) To define project scope
Answer: A) To provide real-time visibility into project performance
14. Which of the following metrics indicates how efficiently project costs are being used?
A) Cost Performance Index (CPI)
B) Schedule Performance Index (SPI)
C) Earned Value (EV)
D) Planned Value (PV)
Answer: A) Cost Performance Index (CPI)
15. What does a negative Cost Variance (CV) indicate?
A) The project is under budget
B) The project is on budget
C) The project is over budget
D) The project is ahead of schedule
Answer: C) The project is over budget
16. What is the primary purpose of “variance analysis” in project management?
A) To determine why there is a deviation from the project plan
B) To allocate project resources
C) To develop a project charter
D) To define project requirements
Answer: A) To determine why there is a deviation from the project plan
17. Which document provides a comprehensive view of project performance?
A) Performance Report
B) Risk Register
C) Project Charter
D) Change Log
Answer: A) Performance Report
18. What is “performance reporting” in project management?
A) The process of communicating project performance and status to stakeholders
B) The process of defining project scope
C) The process of developing a project schedule
D) The process of allocating project resources
Answer: A) The process of communicating project performance and status to stakeholders
19. Which of the following best describes “project performance metrics”?
A) Standards used to measure and evaluate project performance
B) Tools for managing project risks
C) Techniques for defining project scope
D) Processes for allocating project resources
Answer: A) Standards used to measure and evaluate project performance
20. How is the Schedule Performance Index (SPI) calculated?
A) EV / PV
B) PV / EV
C) AC / EV
D) EV – PV
Answer: A) EV / PV
21. What does a Schedule Performance Index (SPI) value less than 1.0 indicate?
A) The project is ahead of schedule
B) The project is behind schedule
C) The project is on budget
D) The project is over budget
Answer: B) The project is behind schedule
22. Which technique is used to forecast future project performance based on historical data?
A) Regression Analysis
B) Earned Value Management (EVM)
C) Monte Carlo Simulation
D) SWOT Analysis
Answer: A) Regression Analysis
23. What is the purpose of the “earned value” (EV) metric?
A) To measure the value of work performed compared to the planned value
B) To calculate the cost of actual work performed
C) To track project budget and schedule
D) To define project requirements
Answer: A) To measure the value of work performed compared to the planned value
24. Which document is used to track and manage project issues?
A) Issue Log
B) Risk Register
C) Change Log
D) Performance Report
Answer: A) Issue Log
25. What does “baseline performance” refer to in project management?
A) The planned performance metrics used for comparison
B) The actual performance achieved in the project
C) The performance measurement techniques used in the project
D) The changes made to the project scope
Answer: A) The planned performance metrics used for comparison
26. What is the purpose of “project tracking”?
A) To monitor project progress and compare it against the plan
B) To develop a project schedule
C) To allocate project resources
D) To define project scope
Answer: A) To monitor project progress and compare it against the plan
27. Which metric provides insight into how well the project is adhering to its budget?
A) Cost Performance Index (CPI)
B) Schedule Performance Index (SPI)
C) Earned Value (EV)
D) Planned Value (PV)
Answer: A) Cost Performance Index (CPI)
28. What does a positive Cost Performance Index (CPI) indicate?
A) The project is under budget
B) The project is on budget
C) The project is over budget
D) The project is ahead of schedule
Answer: C) The project is under budget
29. What is the role of “performance metrics” in a project?
A) To measure and evaluate project performance
B) To define project scope and objectives
C) To allocate project resources
D) To manage project risks
Answer: A) To measure and evaluate project performance
30. Which of the following is a key benefit of using performance measurement in projects?
A) Improved ability to manage and control project performance
B) Faster project initiation
C) Reduced project scope
D) Increased project budget
Answer: A) Improved ability to manage and control project performance
31. What is “performance measurement baseline”?
A) The planned scope, schedule, and cost for measuring project performance
B) The actual performance achieved in the project
C) The changes made to the project scope
D) The risk management plan
Answer: A) The planned scope, schedule, and cost for measuring project performance
32. Which metric indicates how well the project is performing in terms of time?
A) Schedule Performance Index (SPI)
B) Cost Performance Index (CPI)
C) Earned Value (EV)
D) Actual Cost (AC)
Answer: A) Schedule Performance Index (SPI)
33. What does a negative Schedule Variance (SV) indicate?
A) The project is ahead of schedule
B) The project is on schedule
C) The project is behind schedule
D) The project is over budget
Answer: C) The project is behind schedule
34. How is Actual Cost (AC) calculated in Earned Value Management?
A) The total cost of work performed
B) The value of work completed compared to the planned value
C) The difference between earned value and actual cost
D) The total budget of the project
Answer: A) The total cost of work performed
35. What does the Earned Value (EV) metric help determine?
A) The value of work performed in a project
B) The total project cost
C) The project risk level
D) The allocation of resources
Answer: A) The value of work performed in a project