Harold Washington College Ch 6 Project Time Management Quiz Questions

City Colleges of Chicago Harold Washington College

### Question Description

Need help with my Management question - I’m studying for my class.

The name of the book:Project Management Institute, A Guide to the Project Management Body of Knowledge, SIXTH Edition, PMI Publications, Pennsylvania, 2017. ISBN: 978-1-62825-184-5

The quiz on Chapter 6# only.

I attached the questions below and digram that might help

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Question 1
When using the "% Complete" field within your project schedule as a form of schedule control,
identify an industry "best practice" method for defining the "% Complete" amount. (Hint: One of
Andy's Rule of Thumb)

Use a simple method of 25% to indicate the task is in progress, 50% to indicate the task is about
half way done, 75% to indicate the task is more than half way but not finished, and 100% to

Use the SPI value calculated automatically by MS Project and identify the % complete based
upon the following: 25% if the SPI is less than or equal to .49, 50% if the SPI is between .50 and
.74, 75% if the SPI value is between .75 and .99, and 100% when the SPI value equals 1.

Calculate the number of days that have actually elapsed for that task and compare that against the
number of days it should have taken to come up with % complete for where you are at that point
in time.

Using the earned value method of calculating time expenditures, enter the value that is based
upon the % of value earned up to that point.

Use a multi-variant calculation to define the exact hours spent on the project up to that point to
ensure that everything will match exactly to the hours planned versus the actual hours used.

Question 2
Select from the list below the ONE RESPONSE that BEST describes what it means to baseline a
schedule?

A schedule baseline is the current state of the project that is frozen and nothing can be changed.

A schedule baseline is a snapshot of the project that is taken at that point so that as changes occur
and updates to the completion percen...

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