Project Management & Documentation Flashcards

In Earned Value Management (EVM), what does SPI stand for?

Answer: Schedule Performance Index

SPI (Schedule Performance Index) equals Earned Value divided by Planned Value and indicates schedule efficiency.

A project has a CPI of 0.85. What does this indicate?

Answer: The project is spending 15% more than planned per unit of work

A CPI less than 1.0 means the project is over budget — spending more than planned for the work accomplished.

Which scheduling technique calculates the longest path through a project network to determine the minimum project duration?

Answer: Critical Path Method (CPM)

The Critical Path Method identifies the longest sequence of dependent tasks, determining the shortest possible project duration.

What is the purpose of a change control board (CCB) in project management?

Answer: To review and approve or reject proposed changes

A CCB is a formally constituted group responsible for evaluating, approving, deferring, or rejecting changes to the project.

Which document type provides a detailed written description of work to be performed by a contractor or vendor?

Answer: Statement of Work (SOW)

A Statement of Work (SOW) describes in detail the work to be delivered by a vendor or contractor under a contract.

In project documentation, what is the primary purpose of a lessons learned register?

Answer: To capture knowledge for improving future projects

A lessons learned register captures knowledge gained during the project so future projects can benefit from past experiences.

When a project manager compresses the schedule by overlapping activities that were originally planned in sequence, this technique is called:

Answer: Fast tracking

Fast tracking overlaps or parallels tasks that were originally planned in sequence, which can shorten the schedule but increases risk.