1- Controlling cost is the process of comparing planned performance against deviations, evaluate possible alternative courses of actions, and take appropriate corrective action. (True or False)

2- Project control steps for measuring and evaluating project performance are comprised of the following steps

1.Setting a baseline plan

2.Measuring progress and performance

3.Comparing plan against actual

4.Taking action

(True or False)

3- Setting Baseline (first step in Control costs) begins with an accurate work breakdown structure (WBS) (True or False)

4- Monitoring project progress only involves quantitative measures(True or False)

5- Actual project performance is often found to be in accordance with the original baseline plan within projects in general(True or False)

6- In cases where the deviations between the plan and actual performance are large and obvious, some form of corrective action is necessary to bring the project back on track (True or False)

7- Gantt charts, control charts, and milestones are tools that are often used to monitor project performance. (True or False)

8- One of the mechanisms that monitor both time and cost dimensions is called time-cost analysis (True or False)

9- Which of the statements below are false about time- cost analysis?

A-In this method, the project's progress is plotted against time for actual amounts only.

B-In this method, the project's progress is monitored as a function of the cumulative costs

C-In this method, the project's progress is plotted against time for both budgeted and actual amounts.

10- Which of the statements is false about the S-curve?

A- S- curve is used at the project initiation phase only, as it provides a clear visual picture of the project's historic data

B- S- curve is a proactive control mechanism, as information can be represented immediately and updated continuously.

C- S-curves provide a clear visual picture of the project's status that is available in a timely manner and easy to read