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NEW QUESTION: 1
Jane works as a project manager for HRM Inc. Various projects are running under her administration.
Holly, the team leader of a project, provides Jane the performance indexes of her project. The schedule variance (SV) of her project is 15. What does this figure illustrate?
A. Holly's project is behind the schedule.
B. Holly's project is ahead of the schedule.
C. Holly's project is right on target.
D. Holly's project has costs that are higher than planned.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
According to the question, the schedule variance (SV) of the project is 15, which is a positive value. The positive SV depicts that the project is ahead of the planned schedule.
Schedule variance (SV)
Schedule variance (SV) is a earned value technique used for measuring the schedule performance on a project. The variance signifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula:
SV = Earned value (EV) - Planned value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.
Answer option A is incorrect. The negative SV means that the project is behind the schedule.
Answer option C is incorrect. The zero SV means that the project is right on target.
Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the project.
Cost variance (CV)
Cost variance (CV) is a measure of cost performance of a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula:
CV = Earned value (EV) - Actual cost (AC)
A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting
NEW QUESTION: 2
Refer to the exhibit. Which statement is correct regarding the configuration shown?
A. The command ip route 172.16.1.0 255.255.255.0 s0/0/0 would provide similar routing functionality.
B. What is shown as being configured would be considered a default route.
C. This configuration creates a bidirectional path between RouterA and RouterB.
D. This will not work as the subnet mask on serial interfaces must be /30.
Answer: A
NEW QUESTION: 3
Measurement provides ____________ feedback to an organization about whether it is achieving its goals.
A. Subjective
B. Quantitative
C. Objective
D. Qualitative
Answer: B
NEW QUESTION: 4
Answer:
Explanation:
Explanation
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