Exam PMP topic 1 question 1128 discussion

Control chart is a tool used to show the correlation between different factors and the trend.

Option B is the best answer, as S-curve analysis provides the cost and trend monitoring approach the project manager is employing to track the study’s expenditures.

B. S-curve analysis

D. Control chart. Control charts are tools used to monitor process performance over time, allowing for the identification of trends and variations against set thresholds or triggers. In this scenario, the project manager has established cost triggers and trend analyses, which align with the principles of control charts to keep track of costs and ensure they remain within the established limits.

Cost triggers and trend analyses are often set within an S-curve to identify when a project’s costs deviate significantly from the planned budget, allowing for corrective actions. The S-curve is useful in tracking project progression and identifying any cost overruns early in the project timeline.

B. S-curve analysis: The tool that best fits this description is the S-curve analysis. Cost Monitoring: S-curve analysis is commonly used in project management to monitor the cumulative cost of a project over time. It helps in tracking actual expenditure against planned expenditure and identifying any deviations early. Trend Analysis: S-curve analysis involves plotting cumulative costs over time, which allows the project manager to perform trend analysis and understand the progression of costs. This can help in forecasting future expenditures and identifying potential cost overruns. Cost Triggers: By establishing cost triggers, the project manager can set specific points on the S-curve where actions need to be taken if costs exceed certain thresholds. This proactive approach helps in maintaining control over the project budget.

Contrat de temps et de matériaux (T&M) : C'est un type de contrat de projet qui permet de payer le fournisseur en fonction du temps travaillé et des matériaux utilisés, plutôt qu'un outil de gestion de projet pour surveiller les coûts et les tendances. Analyse de la courbe en S : Cette analyse est utilisée pour visualiser la progression du projet par rapport au temps et au budget, mais elle ne traite pas spécifiquement des déclencheurs de coûts ou des analyses de tendances en tant que méthodologie complète. Carte de contrôle : Utilisée principalement dans la gestion de la qualité pour surveiller les variations de processus, elle ne traite pas de la gestion des coûts de projet ou des tendances globales du projet.

Le chef de projet utilise l'outil "Valeur acquise (EV)" (option C). La valeur acquise est une méthodologie de gestion de projet qui mesure la performance et l'avancement d'un projet en termes de coûts et de calendrier. Elle permet au chef de projet de comparer le travail effectivement accompli par rapport au plan initial et de déterminer si le projet est en avance, en retard, en dessous ou au-dessus du budget. Les déclencheurs de coûts et les analyses de tendances mentionnés dans la question sont des éléments typiques de cette approche, qui utilise des indicateurs comme le Coût Réel (CR), la Valeur Planifiée (VP), et la Valeur Acquise (VA) pour fournir une vision claire de l'état du projet en temps réel.

S-curve shows if the project is over or under budget

Tracking Cost Performance, Triggers and Trend Analysis. Control Cost is not a core tool it can be used in conjunction with EV.

A control chart is a statistical tool used for monitoring and controlling processes. It helps identify trends, patterns, and variations in a process over time. In this case, the project manager is using cost triggers and trend analyses, which align with the purpose of control charts to monitor and control the cost aspects of the project.

S-Curve is used to track costs.

Time and Material Contract as Control chart is sued to control quality and not budget

With a time and materials contract, instead of quoting a fixed price for the entire project, a contract will describe the rough scope of the job along with a quote for a fixed hourly wage plus the cost of materials. The contractor might also include a maximum price for the project — commonly called a “not-to-exceed” clause — as a guarantee to protect the client against runaway costs.

A control chart is a tool used in project management for monitoring and controlling the performance of a process. It is particularly useful for managing costs and other project variables. Control charts help project managers identify trends, variations, and potential issues in the project, allowing them to take timely corrective actions. The use of cost triggers and trend analyses aligns with the principles of control charts in tracking and managing project costs.