A program manager needs to assess performance by comparing the work completed and resources used against the plan. Which approach uses numerical indicators of both activity progress and resource consumption to reveal variances between actual outcomes and planned targets?
An approach that extrapolates past performance to predict future outcomes without a primary focus on integrating current cost and schedule variances.
An approach that prioritizes investigating the foundational reasons for delays but excludes integrated financial performance indicators.
An approach that applies quantitative measures to both completed work and resource utilization to highlight variances from the performance baseline.
An approach that organizes tasks in evolving phases for gradual definition but lacks an integrated cost-schedule performance view.
The correct option describes Earned Value Analysis (EVA), a method that measures performance by integrating scope, schedule, and cost baselines. EVA uses metrics like Cost Performance Index (CPI) and Schedule Performance Index (SPI) to quantify variances from planned targets. A root cause analysis focuses on identifying the underlying reasons for problems rather than quantifying performance with integrated metrics. Progressive elaboration is a planning technique for refining detail over time and does not inherently provide an integrated cost-schedule performance view. Trend analysis focuses on performance over time to predict future outcomes but is a broader concept, whereas EVA provides a specific, integrated set of metrics for cost and schedule.
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PgMP
Governance
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