Measuring the value of work performed expressed in terms of the money spent on that work is referred to as what?

• Cost control
• Earned Value (EV)
• Funds outflow tracking
• Scope Management

Under what circumstances should a cost or schedule baseline be changed?

• If the customer approves the change
• If the change has been approved
• If the approved change has gone through the Perform Integration Change Control process.
• If a cost of schedule status update is required

How many knowledge areas are part of the Monitoring and Controlling Processes Group?

• 49
• 1
• 10
• 7

What is the activity that verifies project requirements are technically met?

• Direct and Manage Project Work
• Control Scope
• Validate Scope
• Quality Control

What is the activity of comparing actual performance to planned performance, analyzing variances, and recommending preventive or corrective action?

• Monitoring
• Controlling
• Verifying
• Validating.