Interview Questions on Project Management

According to a dictionary, “A is a way of systematic monitoring and evaluation of aspects of a project, service or facility to ensure that standards of quality are met”. Thus, whatever ensures products meet customer expectations are part of A efforts. Ensuring quality of everything that goes into making a product and that no mistakes … Read more

At every monitoring point the planned value (PV), earned value (EV) and actual cost (AC) are monitored. PMB, performance measurement baseline is the aggregation of all planned values. Variances from baselines are determined and Schedule variance (SV) and cost variance (CV) are calculated. If earned value is equal to the planned value then the project … Read more

It is the difference in estimated effort and the effort actually needed. Work performance is monitored periodically to find if there is any variance in efforts so that corrective actions could be taken. Effort variance in project management refers to the difference between the planned or budgeted effort for completing a task or project and … Read more

Crashing and fast tracking are two methods of accelerating a project time schedule. Crashing method tries to optimize the schedule making use of the time floats available while keeping costs under control. Fast tracking is to make selected activities faster by applying additional resources if necessary. It may mean paying team members overtime, paying for … Read more

When activity scheduling is done there will be activities whose start time and/or end times are not critical. It may be possible, due to dependencies, to start a task later than the date on the schedule, similarly an activity could be completed later as there are no other activity waiting for its completion. These time … Read more