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Q1. Which from the following represents the correct project management life cycle?
A. Planning→Initiating→Executing→Monitoring & Controlling→Closing
B. Planning→Executing→Initiating→Closing→ Monitoring & Controlling
C. Initiating→Planning→ Executing→ Monitoring & Controlling→Closing
D. Initiating→Executing→Planning→ Monitoring & Controlling→Closing
Q2: A good monitoring system helps answer which of the following questions?
A. Have periodic benchmarks been met?
B. Is the project progress according to schedule?
C. Is the project under or over achieving output targets?
D. All of the above
Q3: ______________is a systematic activity should be done regularly throughout the project implementation
A. Monitoring
B. Evaluation
Q4: Evaluation is defined as systematic research to see if a program can achieve its intended outcomes and
impacts.
A. True
B. False
Q8: A project's current total Earned Value (EV) is $150,000 and the Actual Cost (AC) is $100,000. What is the
Cost Variance (CV) of the project?
A. CV is 1.5
B. CV is 50,000
C. CV = -50,000
D. CV is -1.5
Q10: A project manager expects that the project would finish one month before the planned finish date.
However he expects that the project to exceed the budgeted cost. What is true about the Schedule Performance
Index (SPI)?
A. SPI is less than 1.0
B. SPI is greater than 1.0
C. SV is less than 0
D. SPI is equal to 1.0