Performance Reporting

Correct Answer: Schedule Variance (SV)

The 'Schedule Variance (SV)' is the correct tool to use when a stakeholder is interested in the rate of progress according to the plan. This tool measures the difference between the work that was planned and the work actually performed in terms of time. It's a valuable tool for identifying whether a project is ahead or behind its proposed schedule. The 'Cost Performance Index (CPI)' is a measure of the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost, not the rate of progress according to the plan. 'Risk Management Plan' is a strategic document, not a tool that provides reporting on a project's progress. The 'Milestone List' tracks important dates and significant occurrences within the project but do not help in comparing the project's current progress against the planned progress.

Correct Answer: Earned Value Management (EVM) report

In this case, the correct answer is the 'Earned Value Management (EVM) report'. An EVM report takes into account the project's scope, time, and costs, and it provides a calculated prediction of future performance trends. This makes it a valuable tool when trying to analyze inconsistent velocities within a software project. On the other hand, the 'Actual Cost (AC) report' is mainly used to report on actual expenditures, without making any allowance for the quality or value of work performed - hence this is not most suitable in this context. The 'Project Charter' is a document which gives an overview of the project, including the responsibilities, objectives, and stakeholders. However, it does not provide trending and prediction abilities regarding future performance of the software project. Finally, a 'Risk Analysis report' identifies, assesses and prioritizes risks according to their potential impacts on a project. Although it provides crucial information about risk management, it also does not include trending and prediction abilitiesTherefore, the 'Earned Value Management (EVM) report' is the most appropriate choice for providing trends and predictions about future performance to stakeholders.

Correct Answer: Schedule Variance (SV) and Schedule Performance Index (SPI)

The best report to provide when a project is falling behind schedule would be the Schedule Variance (SV) and Schedule Performance Index (SPI). These metrics give a clear picture of where the project stands in terms of its schedule performance. They provide quantified data on how much the project is deviating from the planned schedule and can enable stakeholders to make informed decisions on how to rectify the situation. A Risk Register, on the other hand, is a document that outlines the potential risks and how they can be managed. It wouldn't necessarily give you the current status of the project schedule. A Work Breakdown Structure (WBS) is a project management tool that breaks down a project into manageable chunks, it does not provide performance report. A Resource Calendar, while vital for resource planning and management, does not provide information on the project's schedule performance.