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Solved: The three legs of the "magic triangle" of earned value management analysis are: Specifications

stored next to the wall near you r desk. Phones must be turned off or to the silent mode. The number of points for each question is in parentheses at the beginning of each problem; the exam is worth a total of 100 points. 1. (3 pts) The three legs of the magic triangle of earned value management analysis are: a. Specifications, Deliverables, Schedule b. Cost, quality, management c. Schedule, risk, budget d Cost, Schedule, Technical Performance e. None of the Above 2. (3 pts) Below are a list of options that may describe a project. Pick the best list of options from the list below. a. A defined budget, a start date, difficult tasks, a one-time effort, flexible specifications. b. A defined budget, time limitations, easy tasks, experienced staff. Routine ta A defined set of resources, time limitations, a first time efforts, an open budget, numerous customers. A complex effort, start and stop dates, defined resources, a unique effort, specifications. None of the above. c. d. e. (3 pts) Which of the options below best describes Earned Value Management? a. 3. Managing the Values of the after tax earned income Managing the cost of the technical requirements c. Managing the earnings of the companys employees d. None of the above e. a, b & c 4. (3 pts) Which of the list below is not considered part of EVM (Earned Value Management)? a. Technical requirements b. The Integrated Master Schedule c. The Project Budget d. The Staffing Plar e The CEOs financial challenge to the CFO f. All of the above A program is defined as (pick the best answer from the list below) a. A collection of projects defined and budgeted by the US Government b. A collections of projects with budget defined by a company. c. An integrated collection of random, independent projects each with a budget and deadlines. d. A group of coordinated and related projects with deadlines and budgets that have an overall goal e. An office that manages some common tasks such as a Highway Repair Program Office. 5. (3 pts) Page 1 of Please ASAP。thanks！
The three legs of the “magic triangle” of earned value management analysis are: Specifications, Deliverables, Schedule Cost, quality, management Schedule, risk, budget Cost, Schedule, Technical Performance None of the Above Below are a list of options that may describe a project. Pick the best list of options from the list below. A defined budget, a start date, difficult tasks, a one-time effort, flexible specifications. A defined budget, time limitations, easy tasks, experienced staff. Routine tasks. A defined set of resources, time limitations, a first time efforts, an open budget, numerous customers. A complex effort, start and stop dates, defined resources, a unique effort, specifications. None of the above. Which of the options below “best” describes Earned Value Management? Managing the Values of the after tax earned income Managing the cost of the technical requirements Managing the earnings of the company’s employees None of the above a, b & c. Which of the list below is not considered part of EVM (Earned Value Management)? Technical requirements The Integrated Master Schedule The Project Budget The Staffing Plan The CEO’s financial challenge to the CFO All of the above A “program” is defined as (pick the best answer from the list below): A collection of projects defined and budgeted by the US Government. A collections of projects with budget defined by a company. An integrated collection of random, independent projects each with a budget and deadlines. A group of coordinated and related projects with deadlines and budgets that have an overall goal. An office that manages some common tasks such as a Highway Repair Program Office.

Expert Answer

1) Option E

None of the above

Earned value management analysis is a project management technique which is used to measure the performance and progress of the project.The parameters of magic triangle considered in measuring the performance are Time, Cost and Quality. all the other options given does not include these parameters. Technical performance does not completily represent Quality parameter.

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