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1. When evaluating project performance while the project is underway, what is the standard that the performance should be measured against?
The Performance Measurement Baseline which includes the scope baseline, schedule baseline and cost baseline.
The Lessons Learned database maintained by the Project Management Office.
The Project Charter.
2. What are the components of the performance measurement baseline used in projects?
Milestones, dashboard and risk register.
Scope baseline, schedule baseline, and cost baseline.
Responsibility matrix, performance appraisals, and performance improvement plans.
3. Under what conditions would a variance between actual project performance and the performance measurement baseline cause a project change request to be initiated?
If the variance is a scope variance, a change request must be initiated. Schedule and cost variances do not require change requests.
If the project team determines that the variance cannot be recovered and the forecasted project completion will result in missing project goals or objectives.
If there is a variance, there should always be a change request initiated.
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