PART 2 TRUIFALSEMULTI CHOICE SHORT ANSWER 15 points cost monitoring should be pe

Question

PART 2 TRUIFALSEMULTI CHOICE SHORT ANSWER 15 points cost monitoring should be performed atsast Daily b. Twice Daily Monthly d Weekly Basic Cost Monitoring simply looks at Oosts vs_ eosts a Planned, Actual b Planned, Future Budgeted, Actual d Both a and c 3 In Earned Value-BCWP is also known as? a Planned Value b. Earned Value Future Value d. None of the above FOR QUESTIONS 5 AND 6-REFER TO THIS GRAPHIC: 4. What does A represent? Cost Variance a. b. Actual Cost c. Schedule Variance ACW d. None of the above Valuc Completed 5. What does B represent? Earned Value Chart a. Planned Value b. Schedule Variance c. Cost Variance d. None of the above

Explanation / Answer

1. Job cost monitoring should be performed at least weekly
Answer: d

2. Basic cost monitoring simply looks at
Answer : d.both a and c

3. In earned value BCWP is also known as Earned value
Answer: b. Earned value

4. What does A represent ?
Answer: a. Cost variance

5. What does B represent?
Answer: b. schedule variance

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