1) What is the earned value of a project? Earned Value is repots where you monitor the project plan, actual work, and work-

completed value to see if a project is on track. Earned Value shows how much of the budget and time should have been spent, with regard to the amount of work done so far.

2) What is earned value management in project management?

Earned Value Management (EVM) helps project managers to measure project performance. It is a systematic project management process used to find variances in projects based on the comparison of worked performed and work planned. EVM is used on the cost and schedule control and can be very useful in project forecasting.

3) What is SPI and CPI in project management?

The cost performance index is a ratio that measures the financial effectiveness of a project by dividing the budgeted cost of work performed by the actual cost of work performed. If the result is more than 1, as in 1.25, then the project is under budget, which is the best result.

4) What is CPM?

The critical path method (CPM) is an algorithm for scheduling a set of project activities CPM calculates the longest path of planned activities to logical end points or to the end of

the project, and the earliest and latest that each activity can start and finish without making the project longer. This process determines which activities are "critical" (i.e., on the longest path) and which have "total float" (i.e., can be delayed without making the project longer). In project management, a critical path is the sequence of project network activities which add up to the longest overall duration, regardless if that longest duration has float or not. This determines the shortest time possible to complete the project. There can be 'total float' (unused time) within the critical path. For example, if a project is testing a solar panel and task 'B' requires 'sunrise', there could be a scheduling constraint on the testing activity so that it would not start until the scheduled time for sunrise. This might insert dead time (total float) into the schedule on the activities on that path prior to the sunrise due to needing to wait for this event. This path, with the constraint-generated total float would actually make the path longer, with total float being part of the shortest possible duration for the overall project. In other words, individual tasks on the critical path prior to the constraint might be able to be delayed without elongating the critical path; this is the 'total float' of that task. However, the time added to the project duration by the constraint is actually critical path drag, the amount by which the project's duration is extended by each critical path activity and constraint.

5) What is WBS?

Work breakdown structure (WBS) is a product-oriented grouping of project elements that organizes and defines the total scope of the project

6) What is S Curve Graph?

A display of cumulative costs, labor hours or other quantities plotted against time. The name derives from the S-like shape of the curve, flatter at the beginning and end and steeper in the middle, which is typical of most projects. The beginning represents a slow, deliberate but accelerating start, while the end represents a deceleration as the work runs out." They allow the progress of a project to be tracked visually over time, and form a historical record of what has happened to date. Analyses of S-curves allow project managers to quickly identify project growth, slippage, and potential problems that could adversely impact the project if no remedial action is taken. There are a variety of S-curves that are applicable to project management applications, including:

Man Hours versus Time S-curve Costs versus Time S-curve Baseline S-curve Actual S-curve Target S-curve Value and Percentage S-curves

1. What is total float?

2. What are the difference between free float and total float?

3. What is a constraint?

4. What are the difference between MS Project and Primavera?

5. How to load cost & resource in a program?

6. What is WBS?

7. What is a milestone? What are the types of milestone?

8. What are the difference between flag and milestone activity?

9. What is a critical activity?

10. What is resource allocation and leveling?

11. What is a Baseline Program?

12. What are BSWS, BSWP, and ACWP?

13. What are SV and CV?

14. What is a Budget and how do you compare budget against Actual cost?

15. What is an S – Curve?

16. What is the difference between P3.1, P3E, and P5 etc.

17. What is an open end activity?

18. How often you update your program?