Progress Tracking Flashcards
7 cards from real PMI-SP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Progress Tracking flashcards as text
Which progress reporting element provides a narrative explanation of deviations from the baseline schedule?
Answer: Variance analysis report
A variance analysis report explains the causes of deviations and includes corrective actions, going beyond just the numerical variances.
A project has EV = $300K, PV = $350K, and AC = $280K. What is the cost variance (CV)?
Answer: +$20K
CV = EV - AC = $300K - $280K = +$20K, indicating the project is under budget by $20K.
When a project uses a 'rolling wave' planning approach, how does progress tracking adapt?
Answer: Only near-term work is tracked; far-future work is excluded
Rolling wave planning progressively elaborates detail, so tracking is applied rigorously to near-term planned activities while future work remains at summary level.
Which document formally captures the approved changes to the project schedule baseline for progress comparison purposes?
Answer: Schedule baseline (revised)
An approved and revised schedule baseline replaces the previous baseline and becomes the new reference for measuring progress and variance.
A scheduler uses an S-curve to show cumulative planned versus actual progress. What does a gap between the two curves indicate?
Answer: A schedule or cost variance
A gap between planned and actual S-curves visually represents variance—either the project is ahead or behind in terms of work accomplished or money spent.
In progress tracking, what is the purpose of a 'look-ahead schedule'?
Answer: To identify and plan work expected to start in the near-term window
A look-ahead schedule (typically 2–6 weeks out) focuses on upcoming activities so teams can resolve constraints, assign resources, and prepare for near-term work.
Which metric is most useful for forecasting the total cost at completion when current cost performance is expected to continue?
Answer: EAC = BAC / CPI
EAC = BAC / CPI assumes that future work will be performed at the same cost efficiency as past work, making it the best forecast when that assumption holds.