Knowledge Assessment for Project Time Management | Desklib

Running head: KNOWLEDGE ASSESSMENT
Knowledge Assessment
National Archives of Australia
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Table of Contents
Knowledge Assessment-Written Tasks...........................................................................................2
Task 1- Project Time Management..................................................................................................9
Bibliography..................................................................................................................................25

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Knowledge Assessment-Written Tasks
1. Why do we use WBS for Project Management?
The project management is the analysis of the works dependent on the alignment of the
specific and smart alignment of the operations. The WBS stands for work breakdown structure
and it involves the development of the work and aligning the significant listing of functions. The
work breakdown structure would allow the division of the complete project into specific smaller
operations for ensuring that the implication of the works would be implied with the implication
and development. The WBS would be developed for ensuring the division of the smaller work
packages and it would allow the easy division of the works. The complete project would be
subdivided into smaller sub projects for ensuring the work division is aligned cohesively. The
division of the work would be helpful for ensuring the alignment of the specific work allocation
and development.
2. As a project manager, in which document do you track the schedule progress such as activities
completed, activities in program, actual start and finish dates, percentage complete, hours spent,
resource allocations, etc.
(a) Project Schedule
(b) Schedule Baseline
(c) Schedule Management Plan
(d) Schedule Network Diagram

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Answer: Schedule Baseline is helpful for keeping track of schedule progress by keeping
accounts of activities completed, activities in program, actual start and finish dates, percentage
complete, hours spent, resource allocations, etc.
3. What is project baseline and what does it include?
The project baseline can be defined as the implication for storing the scheduled values
estimated at the project planning method to act as a reference point.
The project baseline includes the values of schedule, cost, and resource usage that had
been estimated at the initial planning phase. It helps in keeping track of the project progress
enabling whether the project would be completed successfully.
4. Describe how to use milestone tracking as a means of measuring project progress.
The milestone tracking is helpful for enabling the use of tracking methods like checklist,
documentation, and log books for analyzing the progress of the project. The milestone
identification would be done considering the practical perspective of the work. The achievement
of the specific points would be dependent on the alignment of the works and formation of the
smart work development and alignment of the successive work development. The use of the
milestone tracking would be helpful for defining the project milestones, overseeing the project
progress, and identifying the project status. The completion of the project activities would be
implied with the listing of the activities and forming the utilization and information listing for the
operations.
5. What is the percent complete approach to measuring project progress?

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The project progress would be completed with the formation and listing the application
management. The percent complete approach would be effectively measures with the formation
of the works and allocation of the smart management works. The complete approach would be
implied with the functional listing of the works. The project progress would be effectively
implied with the continuation of the works and development of the implied management works.
The measurement of the project progress would be implied with the continuation management.
The completion of the project would be effectively managed with the utilization management
formation. The measurement of the project progress would be implied for the successful listing
of the alignment management.
6. What is cost variance?
The cost variance is the value difference between the cost’s actual management and the
budgeted amount of utilization. The cost variance calculation would be aligned with implication
management and utilization of the factors. The completion of the smart and effective
management would be implied with the listing of the cost variance calculation. The cost variance
calculation would be required for aligning the management of the information and taking care of
the conceptive management of the works. The calculation of the cost variance is done by
subtracting actual cost from earned value.
CV=EV-AC
Hence, for over budgeted projects, CV would be negative whereas under budgeted
project would have positive value. The value ‘0’ of CV would be helpful for ensuring that the
project final budget and estimated budget is same.
7. What happens during execution phase of the project?

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The execution phase is characterized by the use of the proper documents like project
charter, schedule, resource usage, cost budget, risk management plan, and design for achieving
the final output of the project. The development of the works would be effectively implied with
the continuation of the effective work experience. The execution phase involves the
simplification of the improved work experience for forming the utilization management. The
formation of the works would be supported by the utilization of the works and formation of the
smart work development. The project execution would be aligned with the formation of the
implication management. The project execution would be effectively implied for taking care of
the factors for managing the development model. The execution phase would be responsible for
executing the works and forming the successful implication of the works.
8. John is managing a project. The project is three quarters done when the site engineer reports
that due to inherent complexities in a certain task the deliverables would get delayed. This would
involve additional analysis and then implementation. He requests that this new work that was not
envisaged earlier be added to the scope and also the time be added to the schedule. You and the
site engineer have analyzed the impact of this change to cost and have written up a change
request approval from the change control board. Just today you have received approval from the
change control board – what should be the immediate course of action?
(a) Start Work immediately
(b) Ascertain the impact of this change to scope, schedule, and cost before making any change
(c) Perform Quality Assurance
(d) Make sure that the scope baseline and schedule baseline are update to reflect the approved
change before implementing the change

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Answer: (d) Make sure that the scope baseline and schedule baseline are update to reflect the
approved change before implementing the change
9. The project time management process consists of following seven processes:
a. Define Activities
b. Develop Schedule
c. Plan Schedule Activities
d. Sequence Activities
e. Estimate Activity Durations
f. Estimate Activity Resources
g. Control Schedule
The correct sequence is:
(a) a-b-c-d-e-f-g
(b) c-a-d-f-e-b-g
(c) b-a-c-d-e-f-g
(d) b-c-a-d-f-e-g
Answer: (b) c-a-d-f-e-b-g
10. The representation of the plan for executing the project’s activities including durations,
dependencies, and other planning information, used to produce project schedule along with other
scheduling artifacts is known as:

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(a) Schedule Compression
(b) Schedule Model
(c) Schedule Data
(d) None of the above
Answer: (b) Schedule Model
11. The method of estimating project duration or cost by aggregating the estimated of the lower-
level components of the WBS is known as:
(a) Alternative Analysis
(b) Bottom-up Estimating
(c) Parametric Estimating
(d) Three-point Estimating
Answer: (b) Bottom-up Estimating
12. During project execution, a work item has taken twice as long as the estimation. The
estimates were provided for by the Project Architect and an external consultant. The client has
asked if the deadline can be brought forward by a week. Which of the following actions can you
take?
(a) Use the triangle of constraints to understand and explain to the client that if the deadline is
brought forward the scope and/or cost will increase
(b) Analyze the risk and add it to the Risk Breakdown Structure