Week 6 Assignment

Week6Assignment-Quiz.docx

Question 1

If the schedule variance is positive and the cost variance is negative, the project’s status is:

	a.	Under budget and behind schedule
	b.	Under budget and ahead of schedule
	c.	Over budget and behind schedule
	d.	Over budget and ahead of schedule

Question 2

If PV = $100, EV = $200, and AC = $300, the status is:

	a.	Over budget and ahead of schedule
	b.	Under budget and ahead of schedule
	c.	Under budget and behind schedule
	d.	Over budget and behind schedule

Question 3

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

Question 4

The form that is used to establish charge numbers is the:

	a.	Cost account change notice
	b.	Work package
	c.	Work authorization form
	d.	Responsibility assignment matrix

Question 5

The best method to price out a work package is to use the:

	a.	Statistical data from the Payroll Department
	b.	Actual salaries of the workers, assuming they are known
	c.	Average departmental labor rate
	d.	Average pay grade labor rate

Question 6

Earned value measurement systems must be capable of:

	a.	Measuring resources consumed
	b.	Measuring status and accomplishment
	c.	Provide a basis for diagnosis and replanning
	d.	All of the above

Question 7

The 50-50 rule is a technique used to determine:

Question 8

Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:

Question 9