“Elliot, a project manager at an IT firm, needs to monitor the costs of a project and wants to know the source of any variances. Elliot should.Incorrect. Using EVA allows the project manager to compare the actual WBS work activities completed to the actual expenditures. Monitoring project costs should be based on actual expenditures rather than estimates.”

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“During the execution of a project, which of the following would be an effective activity for monitoring project risk?Forming risk assessment teams to execute appropriate solutionsDeveloping a risk register to identify and document potential risksRemoving risks from the risk register if they are no longer a threatBrainstorming and documenting solutions for solving potential risksIncorrect. During project planning, potential project risks are identified and solutions are documented. This information should be in the risk register before a project begins.”

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