The EVM measure which best shows the difference between budgeted cost and actual cost is:
A. cost variance.
B. percentage over or under.
C. SPI.
D. this is not a valid measure.
During project execution, a large number of changes are made to the project. The project manager should: A. wait until all changes are known and print out a new schedule.
B. make approved changes as needed, but retain the schedule baseline.
C. make only the changes approved by management.
D. talk to management before any changes are made.
At a given point in time, a project has CV = 700, CPI = 0.7, SV = -1,300 and SPI = 1.3. the project is:
A. over budget and ahead of schedule.
B. over budget and behind schedule.
C. below budget and ahead of schedule.
D. these measures are contradictory.
In which of the following items are the contents of the VOA used in SAP?
A. Sales order.
B. Service order.
C. Quantity contract.
D. Customer invoice.
What of the following cost components is NOT included in the CBL?
A. Non conformance costs.
B. Sub-contracting costs.
C. Risk contingency.
D. Base costs.
Who has the responsibility of maintaining subcontractor contracts in SAP?
A. Logistics coordinator.
B. Project controller.
C. Customer business controller.
D. Cost and progress manager.
Your project is ongoing. All partner contracts have been renegotiated and new prices (higher by 8%) came into effect immediately. If all the other circumstances in your project remain unchanged, your ETC value will:
A. Increase by 8%.
B. Increase by a certain % dependent on other project costs in ETC.
C. Decrease by 8%.
D. Decrease by a certain % dependent on other project costs in ETC.
What is a Project WBS?
A. Division of the project into cost centers for proper cost allocation.
B. Definition of the GICs which will be applicable to the project scope.
C. Division of the project scope into hierarchical and manageable packages of work.
D. A structure showing the product configurations.
Which of the following cost components are allocated to a non-site level WBS element?
A. External site services (Subcontracting).
B. Resource and project office costs.
C. Global material costs.
D. Local material costs.
A Project is:
A. An ongoing endeavor to create repetitive products, services, or results.
B. A unique service undertaken to create a temporary product or results.
C. A unique endeavor undertaken to create a temporary product, service, or result.
D. A temporary endeavor undertaken to create a unique product, service, or result.
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