Chapter Quiz: Financial Management and Performance Metrics
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Question 1 of 15
1. Question
What is the primary purpose of performance metrics in project financial management?
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Question 2 of 15
2. Question
Which of the following is a key financial performance metric?
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Question 3 of 15
3. Question
What does the cost performance index (CPI) measure?
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Question 4 of 15
4. Question
If the cost performance index (CPI) is greater than 1, what does it indicate?
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Question 5 of 15
5. Question
What does the schedule performance index (SPI) measure?
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Question 6 of 15
6. Question
If the schedule performance index (SPI) is less than 1, what does it indicate?
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Question 7 of 15
7. Question
What is earned value (EV)?
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Question 8 of 15
8. Question
How can performance metrics help project managers?
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Question 9 of 15
9. Question
What should project managers do if the cost performance index (CPI) is below 1?
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Question 10 of 15
10. Question
Why is it important to adjust the financial plan based on performance metrics?
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Question 11 of 15
11. Question
The cost performance index (CPI) is used to evaluate the schedule efficiency of a project.
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Question 12 of 15
12. Question
If the schedule performance index (SPI) is greater than 1, it means the project is behind schedule.
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Question 13 of 15
13. Question
Earned value (EV) represents the value of work completed at a given point in time.
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Question 14 of 15
14. Question
Financial adjustments should only be made if the project is over budget or behind schedule.
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Question 15 of 15
15. Question
Performance metrics are used solely to track resource usage, not to manage financial performance.
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