AACE-INTERNATIONAL-PSP practice question 27 of 30
Project schedules help control all of the following EXCEPT for_____________________.
Full set: 211 questionsA project schedule is a primary tool for managing and controlling time, resources, and costs. It controls time by tracking progress against a baseline. It controls resources through resource loading and leveling. It helps control cost by providing the basis for cash flow projections and earned value management (EVM), where schedule performance is directly linked to cost performance. Quality, however, is controlled through separate processes like inspections, testing, and adherence to technical specifications, as defined in a Quality Management Plan. The schedule may contain quality-related activities, but it does not control the quality of the outcome itself.
B. Cost: Schedules are integral to cost control through earned value management, progress payment validation, and cash flow forecasting.
C. Resources: Resource-loaded schedules are used to plan, forecast, and control the allocation and usage of labor, materials, and equipment.
D. Time: The fundamental purpose of a schedule is to model, monitor, and control the project's timeline and progress.
1. AACE International. (2015). Total Cost Management Framework. Chapter 7.3, Project Control Plan Implementation, pp. 243-244. This chapter describes the integration of scope, cost, and schedule for control, while quality management is discussed as a related but distinct process.
2. AACE International. (2016). Skills & Knowledge of Cost Engineering (6th ed.). Section 2.4, Project Control, p. 2.4.1. The text defines project control as managing cost and schedule, with quality being a separate but related project management function.
3. Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). Section 6.6 Control Schedule. The outputs focus on schedule forecasts and change requests, not quality metrics. Control Quality (Section 8.3) is a separate process.
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