Which is a key benefit of the Control Cost process?
Question 1.1.Which is a key benefit of the Control Cost process?
Provides the means to recognize variance from the plan in order to take corrective action
Approves changes to the budget
Assures the project will not overrun the budget
Makes changes to the Project Management Plan
Question 2.2.Actual cost is:
the authorized budget assigned to scheduled work.
the realized cost for the work performed.
the activity amount before any reserves are included.
a measure of the work performed expressed in terms of the budget authorized for that work.
Question 3.3.There is (are) _________ way(s) to calculate the EAC.
Question 4.4.What should be used if EVM is not being used?
Analysis of the cost baseline against actual costs for the work performed
Question 5.5.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is cost performance index (CPI)?