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CAPM Practice: Determine how to document project controls of predictive, plan-based projects

Question 82 of 85 in Determine how to document project controls of predictive, plan-based projects

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A project manager wants to measure both schedule and cost performance using a single integrated system. The BEST approach is:
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Correct answer: Using Earned Value Management (EVM) which integrates scope, schedule, and cost in one performance measurement system

Explanation

Earned Value Management uniquely integrates scope (what work was planned vs. done), schedule (when it was planned vs. when it was done), and cost (how much was planned vs. spent) in one system. EVM metrics (SPI, CPI, SV, CV) provide an integrated view of project health that separate schedule and cost tools cannot achieve.

**Why not A:** Using a Gantt chart for schedule and a pie chart for cost provides separate views that are not integrated. This approach requires manual correlation between two tools and does not provide the unified performance measurement that EVM offers.

**Why not B:** Creating separate reports and comparing them manually is inefficient and error-prone. Without integration, it is difficult to understand whether cost variances are caused by schedule delays, scope changes, or inefficiency. EVM provides this integration automatically.

**Why not C:** Tracking actual dates and costs separately provides raw data without integrated analysis. Without a common framework like EVM that links scope, schedule, and cost, separate tracking cannot answer questions about cost efficiency relative to work accomplished.

Key Concept

This question covers Determine how to document project controls of predictive, plan-based projects under Determine how to document project controls of predictive, plan-based projects (Predictive, Plan-Based Methodologies).

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