Bus 375 Week 9 Chapter 15,16 Quiz - Strayer

BUS 375 WK 9 Chapter 15,16 Quiz

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(E) 1. If the schedule variance is positive and the cost variance is negative, the project’s status is:

A. Over budget and behind schedule

B. Over budget and ahead of schedule

C. Under budget and behind schedule

D. Under budget and ahead of schedule

(E) 2. The EVMS term that represents the value of work actually accomplished is:

A. PV

B. EV

C. AC

D. BAC

(M) 3. Which of the following terms is used to determine the trend on cost?

A. CV

B. EAC

C. CPI

D. AC

(M) 4. If PV = $100, EV = $200 and AC = $300, the status is:

A. Over budget and behind schedule

B. Over budget and ahead of schedule

C. Under budget and behind schedule

D. Under budget and ahead of schedule

(H) 5. If SPI = 1.05 and CPI = 0.96, the project’s trend is:

A. Over budget and behind schedule

B. Over budget and ahead of schedule

C. Under budget and behind schedule

D. Under budget and ahead of schedule

(H) 6. Consider the following: BAC = $1000, VAC = <$200>, and AC = $400. Therefore EV = _____.

A. $ 480

B. $ 600

C. $ 800

D. Cannot be determined

(H) 7. Consider the following: BAC = $1000, VAC = <$200>, and AC = $400. Therefore, SV = _____.

A. $ 480

B. $ 600

C. $ 800

D. Cannot be determined

(M) 8. The difference between the cost baseline and the contracted cost is the:

A. Cost at completion

B. Management reserve

C. Profit

D. Cost of scope changes

(M) 9. The best source of revenue for a customer-requested scope change is:

A. A customer-funded contract amendment

B. Management...