Laura is the project manager for her organization and management has requested her to create a
report on her project’s performance. Laura needs to analyze her current project performance and
then compare it against what, in order to create a performance report?
A.
Cost variances and Cost Performance Index
B.
Scope baseline
C.
Performance measurement baseline
D.
Schedule variances, planned value, and the Schedule Performance Index
Explanation:
The performance measurement baseline, which can be comprised of cost, scope, and schedule, is
the foundation for creating a performance report.
Answer option B is incorrect. The scope baseline will only reflect the performance of the scope,
whereas performance reports typically need scope, time, and cost as its foundation.
Answer option A is incorrect. Cost variances and the cost performance index are cost values that
must be considered along with the scope performance and schedule performance.
Answer option D is incorrect. Only reporting performance on the schedule is not enough for a
performance report. Laura should also report on scope and cost at a minimum.
The project management plan provides information on project baselines, communications management, and stakeholder management. Each of these areas may require updates based upon the current performance of the project against the performance measurement baseline (PMB). The performance measurement baseline is an approved plan for the project work to which the project execution is compared, and deviations are measured for management control. The performance measurement baseline typically integrates scope, schedule, and cost parameters of a project, but may also include technical and quality parameters.
The total of the PV is sometimes referred to as the performance measurement baseline
(PMB). The total planned value for the project is also known as budget at completion (BAC).
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