Project Lesson 9 Exercises -lab
Project Lesson 9 Exercises -lab
Matching
Match the term in column 1 to its description in column 2.
Column 1 Column 2
1. actual cost (c) a. the collecting, entering, and analyzing of actual project performance data
b. the individual or organization that provides financial support and supports
2. baseline (g)
the project team
3. sponsor (b) c. the cost that has been incurred so far
4. variance (j) d. in the Gantt Chart view, shows how much of the task has been completed
5. % work
e. the total planned cost of the project when the baseline was saved
complete (h)
6. current cost (i) f. project work completed and recorded in a Microsoft Project file
7. actuals (f) g. a collection of key values in the project schedule
8. progress bar h. the amount of work that has been completed in relation to the planned
(d) work value
9. tracking (a) i. the sum of the actual and remaining cost values
10. baseline cost j. a deviation from the schedule or budget established
(e)
True / False.
T F 1. You can save up to 11 different baselines for a single project schedule.
2. You must provide Microsoft Project a remaining duration value for it to calculate a
TF
percentage complete.
T F 3. A check mark in the Indicators column for a task means that the task is on schedule.
4. You should save a project baseline when you have developed the project schedule as
TF
fully as possible.
5. Planning refers to the collecting, entering, and analyzing of actual project performance
TF
data.
T F 6. If you reschedule an in‐progress task, the delay is shown as a split on the Gantt chart.
T F 7. The only true indicator of project health is whether or not the project is on schedule.
8. The Project Statistics dialog box pinpoints the point of cost variance in a project
TF
schedule.
T F 9. You can only enter completion percentages for a task in multiples of 10.
T F 10. The remaining cost is the difference between the current cost and the actual cost.
Competency Assessment Project 9-1: Creating a Baseline
You are ready to begin entering actuals on your Insurance Claim Processing schedule. Before you
do this, you need to save a baseline for your schedule.
ONLINE
The Insurance Claim Processing 9‐1 project schedule is available on the book companion
website.
Claim Processing 9‐1 from the data files for this lesson.
GET READY. LAUNCH Microsoft Project if it is not already running. OPEN Insurance
1. On the Project tab, click the Set Baseline button and then select Set Baseline.
2. In the Set Baseline dialog box, click OK.
3. SAVE the project schedule as Insurance Processing Schedule Baseline and then
CLOSE the file.
ONLINE
The Insurance Processing Schedule Baseline 9‐2 project schedule is available on the book
companion website.
GET READY. OPEN Insurance Processing Schedule Baseline 9‐2 from the data files for this
lesson
ONLINE
The HR Interview Schedule 9‐3 project schedule is available on the book companion website.
GET READY. OPEN HR Interview Schedule 9‐3 from the data files for this lesson.
1. Switch to the Work table and adjust the Gantt chart so that the Work and % Work
Complete columns are visible.
2. Enter percentages to show that the project is 100% complete through task 10, and that task
11 is 25% complete. (Hint: Remember to make entries for the subtasks, not the summary
tasks.)
3. SAVE the project schedule as HR Interview Schedule Percentages and then CLOSE the
file.
ONLINE
The Tailspin Remote Drone 9‐4 project schedule is available on the book companion website.
GET READY. OPENTailspin Remote Drone 9‐4 from the data files for this lesson.
1. Activate the Project Statistics dialog box to view the costs for the project.
2. Display the Cost table.
3. Filter the tasks to show only the tasks that are over budget.
4. Collapse all summary tasks (hide subtasks) except for the summary task with the greatest
cost variance.
5. SAVE the project schedule as Remote Drone Overbudget and then CLOSE the file.
ONLINE
The Office Remodel 9‐5 project schedule is available on the book companion website.
GET READY. OPEN the Office Remodel 9‐5 project schedule from the data files for this
lesson.
The Tailspin Remote Drone 9‐6 project schedule is available on the book companion website.
GET READY. OPEN the Tailspin Remote Drone 9‐6 project schedule from the data files for
this lesson.
CLOSE Project.