AACE International CCP Exam With Confidence Using Practice Dumps

Productivityis defined as the measure of the number of units completed divided by the work-hours consumed. It is a key performance indicator in construction and other project-based industries, reflecting how efficiently resources are being used to produce outputs.

Key Points:

Productivity Calculation:

Productivity = Number of units completed / Work-hours consumed.

Higher productivity means more output is being generated per unit of time, indicating efficient use of resources.

Other Terms:

Lined Value:Not a standard term related to productivity.

Credit Work-Hours:A concept related to earned work-hours, not a direct measure of productivity.

Cost Performance Index (CPI):A measure in earned value management indicating the cost efficiency of budgeted resources, calculated as EV/AC.

Conclusion:The correct answer isC. Productivitybecause it directly refers to the efficiency of labor in terms of output per work-hour.

For long-term, non-production accounts (such as overhead accounts), theRatio/level of effortmeasurement technique is best suited. This technique is used to measure work that doesn’t directly produce deliverables but contributes indirectly to project progress, such as administrative tasks, support activities, and management efforts. The level of effort is typically spread evenly over a time period and is often calculated based on the passage of time rather than specific work units or milestones.

When a project plan is implemented, one of the primary objectives is to ensure that all activities are executed according to the plan. This involvesmonitoring and controllingactivities against the project baseline, which is the original plan plus any approved changes. Monitoring and control are critical processes in project management that involve tracking the progress of the project, identifying variances from the plan, and taking corrective actions when necessary.

Key Points:

Monitoring and Controlling:

Activities are monitored against the project baseline to ensure they are on track in terms of scope, time, and cost.

Control mechanisms are implemented to correct any deviations from the baseline, ensuring that the project objectives are met.

Other Options:

Formalizing Payment Applications:This is related to the financial aspect but not directly linked to the overall project monitoring and control.

Forward and Backward Pass:These are scheduling techniques used during the planning phase, not during the implementation phase.

CPI and SPI Calculation:These are performance metrics calculated during the project, but they are part of the monitoring and control process.

Conclusion:The correct answer isA. Activities are carefully monitored and controlled against the baselinebecause this is the primary focus during the implementation phase of the project plan.