CPP Performance Measurement & Reporting Flashcards

A Key Performance Indicator (KPI) is best described as:

Answer: A measurable value that tracks progress toward a strategic or project objective

KPIs are quantifiable metrics used to evaluate how effectively a project or organization is achieving its objectives.

What is the primary purpose of a project status report?

Answer: To communicate current project health, progress, and issues to stakeholders

A status report keeps stakeholders informed about where the project stands against baselines and highlights any issues requiring attention.

Which baseline is used to measure schedule performance in a project?

Answer: Schedule baseline

The schedule baseline is the approved version of the project schedule against which actual progress is compared.

A dashboard in project reporting is most useful because it:

Answer: Provides a quick visual summary of key metrics for rapid decision-making

Dashboards aggregate critical KPIs into an at-a-glance visual format that enables fast interpretation and informed decisions.

When actual cost exceeds planned cost at a reporting period, what is the financial implication?

Answer: The project is over budget for that period

Actual cost exceeding planned cost produces a negative cost variance, indicating the project is spending more than planned.

Which report would a project manager use to show trends in performance metrics over multiple reporting periods?

Answer: Trend report

A trend report plots metric data over time to reveal whether project performance is improving, deteriorating, or stable.