Which tool or technique measures performance of the project as it moves from project initiation through project closure?

Question

Options

• AResource leveling
• BParametric measuring
• CPareto chart
• DEarned value

• A
  3% (2)
• B
  10% (7)
• C
  4% (3)
• D
  83% (58)

Explanation

Earned Value (D) integrates scope, schedule, and cost data to measure project performance at any point during the project lifecycle - from initiation through closure - giving a quantitative snapshot of how much work is done versus how much was planned and what it cost.

Why the distractors are wrong:

• Resource leveling (A) is a scheduling technique that adjusts resource assignments to resolve over-allocation; it manages resources, not performance measurement.
• Parametric measuring (B) is not a standard PMI term; parametric estimating uses statistical relationships to estimate costs or durations, but it's an estimating technique, not a performance tracking tool.
• Pareto chart (C) is a quality management tool that ranks defects or problems by frequency; it analyzes causes of issues, not ongoing project performance against a baseline.

Memory tip: Think of EV as your project's "report card" - just as a report card tracks your progress from the first day of school to the last, Earned Value tracks project performance from start to finish using three key metrics: Planned Value (PV), Earned Value (EV), and Actual Cost (AC).

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