Mary is the project manager of the H1QZ Project. This project is a subproject of the HQZ Project
and the project schedule is fixed and cannot vary. Stephen, a project team member, reports that
he’s having trouble completing his project assignment and will likely be at least two days late.
Examine the figure given below:
If Stephen’s assignment is Activity B, what impact will his two days of lateness have on the project
end date?
A.
The project will complete on time.
Team members profile
B.
The project will be late by one day.
Benefit-cost ratio
C.
The project will be late by two days.
Schedule baseline
D.
The project will be early by two days.
QUESTION 322
Which of the following provides a method to track project progress during project execution
against what was planned?
Detailed project budget
A.
The project will complete on time.
Team members profile
B.
The project will be late by one day.
Benefit-cost ratio
C.
The project will be late by two days.
Schedule baseline
D.
The project will be early by two days.
QUESTION 322
Which of the following provides a method to track project progress during project execution
against what was planned?
Detailed project budget
Explanation:
A schedule baseline provides a method to track project progress during project execution against
what was planned. What is schedule baseline? Schedule baseline is a project schedule used in
measuring project progress. It helps provide a comparison with the actual progress of work against
the schedule and to determine if performance to date is within acceptable parameters. Any change
caused by change in scope of the project invalidates the original schedule and requires a new
baseline schedule.
Answer options D, A, and B are incorrect. A detailed project budget, team members profile, and
benefit-cost ratio will not help you track project progress. What is BCR? A benefit-cost ratio (BCR)
is an indicator, used in the formal discipline of cost-benefit analysis, that attempts to summarize
the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project
or proposal, expressed in monetary terms, relative to its costs, also expressed in monetary terms.
All benefits and costs should be expressed in discounted present values. For e.g., a BCR of $3.8
indicates a payback of $3.8 for each dollar expended.