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BUS 419 Strayer Calculate Cost Variance for The Given Cumulative Earned Value Ques

BUS 419 Strayer Calculate Cost Variance for The Given Cumulative Earned Value Ques

Question Description

I’m working on a business test / quiz prep and need support to help me study.

QUESTION 1

  1. If the total slack for a project is 4 days, this means
    a.
    b.
    c.
    d.

4 points

QUESTION 2

  1. The development team develops, delivers, and demonstrates ____ during a sprint.
    a.
    b.
    c.
    d.

4 points

QUESTION 3

  1. The earliest finish time for an activity
    a.
    b.
    c.
    d.

4 points

QUESTION 4

  1. The ____ time is the shortest estimated length of time in which the activity can be completed.
    a.
    b.
    c.
    d.

4 points

QUESTION 5

  1. During which phase of the SDLC does the development team define the scope of the system to be developed, interview potential users, study the existing system, and define user requirements?
    a.
    b.
    c.
    d.

4 points

QUESTION 6

  1. The estimated duration for each activity is indicated by a bar spanning the period
    a.
    b.
    c.
    d.

4 points

QUESTION 7

  1. The activity bars in a bar chart are drawn in proportion to
    a.
    b.
    c.
    d.

4 points

QUESTION 8

  1. Which of the following is likely not to be a process in a project management information system?
    a.
    b.
    c.
    d.

4 points

QUESTION 9

  1. Resource utilization charts based on each activity’s earliest start time are said to be based on an ____ schedule.
    a.
    b.
    c.
    d.

4 points

QUESTION 10

  1. Resource requirements graphs based on an as-late-as-possible schedule are drawn
    a.
    b.
    c.
    d.

4 points

QUESTION 11

  1. ___ is a method for developing the shortest schedule when the number or amount of available resources is fixed.
    a.
    b.
    c.
    d.

4 points

QUESTION 12

  1. Resource leveling, or smoothing, is a method for
    a.
    b.
    c.
    d.

4 points

QUESTION 13

  1. In ____, when several activities need the same limited resource at the same time, the activities with the least slack have first priority.
    a.
    b.
    c.
    d.

4 points

QUESTION 14

  1. Resource-limited scheduling is a method for
    a.
    b.
    c.
    d.

4 points

QUESTION 15

  1. Resource leveling uses a trial-and-error method to test delaying
    a.
    b.
    c.
    d.

4 points

QUESTION 16

  1. Calculate the forecasted cost at completion if the total budgeted cost = $10,000, the CEV is $8,000, and the CAC is $4,000.
    a.
    b.
    c.
    d.

3 points

QUESTION 17

  1. It may be easier to estimate the costs for ____, but as the project progresses, the project team can progressively elaborate the estimated costs as more information is known or becomes clear to allow for more accurate estimated costs.
    a.
    b.
    c.
    d.

3 points

QUESTION 18

  1. Once a total budgeted cost has been established for each work package, the second step in the project budgeting process is to
    a.
    b.
    c.
    d.

3 points

QUESTION 19

  1. Earned value, the value of ____, is a key parameter that must be determined throughout the project.
    a.
    b.
    c.
    d.

3 points

QUESTION 20

  1. Calculate the cost variance if the cumulative earned value is $10 and the cumulative actual costs are $20.
    a.
    b.
    c.
    d.

3 points

QUESTION 21

  1. This involves taking action to reduce the likelihood that the risk event will occur or reducing the potential impact.
    a.
    b.
    c.
    d.

3 points

QUESTION 22

  1. A good forum for regularly reviewing, updating, and addressing risks is
    a.
    b.
    c.
    d.

3 points

QUESTION 23

  1. To be able to communicate risks to the contractor, sometimes a sponsor identifies major risks for the project in
    a.
    b.
    c.
    d.

3 points

QUESTION 24

  1. When assigning responsibility for a risk, it is best to
    a.
    b.
    c.
    d.

3 points

QUESTION 25

  1. A contingency or management reserve to pay for additional costs associated with implementing response plans should be
    a.
    b.
    c.
    d.

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