Quality metrics are an output of which process?
Answer(s): A
8.1.3.3 Quality MetricsA quality metric specifically describes a project or product attribute and how the control quality process will measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes.Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage.Process: 8.1 Plan Quality ManagementDefinition: The process of identifying quality requirements and/or standards for the project and its deliverables, and documenting how the project will demonstrate compliance with relevant quality requirements and/or standards.Key Benefit: The key benefit of this process is that it provides guidance and direction on how quality will be managed and validated throughout the project.Inputs1. Project management plan2. Stakeholder register3. Risk register4. Requirements documentation5. Enterprise environmental factors6. Organizational process assetsTools & Techniques1. Cost-benefit analysis2. Cost of quality3. Seven basic quality tools4. Benchmarking5. Design of experiments6. Statistical sampling7. Additional quality planning tools8. MeetingsOutputs1. Quality management plan2. Process improvement plan3. Quality metrics4. Quality checklists5. Project documents updates
The purpose of inspection in Perform Quality Control is to keep errors:
Answer(s): B
An input to the Perform Quantitative Risk Analysis process is the:
Answer(s): D
6.1.3.1 Schedule Management PlanA component of the project management plan that establishes the criteria and the activities for developing, monitoring, and controlling the schedule. The schedule management plan may be formal or informal, highly detailed or broadly framed, based upon the needs of the project, and includes appropriate control thresholds. For example, the schedule management plan can establish the following:Project schedule model development. The scheduling methodology and the scheduling tool to be used in the development of the project schedule model are specified.Level of accuracy. The acceptable range used in determining realistic activity duration estimates is specified and may include an amount for contingencies.Units of measure. Each unit used in measurements (such as staff hours, staff days, or weeks for time measures, or meters, liters, tons, kilometers, or cubic yards for quantity measures) is defined for each of the resources.Organizational procedures links. The WBS (Section 5.4) provides the framework for the schedule management plan, allowing for consistency with the estimates and resulting schedules.Project schedule model maintenance. The process used to update the status and record progress of the project in the schedule model during the execution of the project is defined.Control thresholds. Variance thresholds for monitoring schedule performance may be specified to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. Thresholds are typically expressed as percentage deviations from the parameters established in the baseline plan.Rules of performance measurement. Earned value management (EVM) rules or other physical measurement rules of performance measurement are set. For example, the schedule management plan may specify:○○ Rules for establishing percent complete,○○ Control accounts at which management of progress and schedule will be measured,○○ Earned value measurement techniques (e.g., baselines, fixed-formula, percent complete, etc.) to be employed (for more specific information, refer to the Practice Standard for Earned Value Management) [9], ○○ Schedule performance measurements such as schedule variance (SV) and schedule performance index (SPI) used to assess the magnitude of variation to the original schedule baseline.Reporting formats. The formats and frequency for the various schedule reports are defined.Process descriptions. Descriptions of each of the schedule management processes are documented.Process: 11.4 Perform Quantitative Risk AnalysisDefinition: The process of numerically analyzing the effect of identified risks on overall project objectives.Key Benefit: The key benefit of this process is that it produces quantitative risk information to support decision making in order to reduce project uncertainty.Inputs1. Risk management plan2. Cost management plan3. Schedule management plan4. Risk register5. Enterprise environmental factors6. Organizational process assetsTools & Techniques1. Data gathering and representation techniques2. Quantitative risk analysis and modeling techniques3. Expert judgmentOutputs1. Project documents updates
When large or complex projects are separated into distinct phases or subprojects, all of the Process Groups would normally be:
A project has a current cost performance index (CPI) of 1.25. To date, US$10,000 have been spent on performing the project work. What is the earned value of the work completed to date?
CPI = EV / AC US$12,500/US$10,000 = 1.25
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