In some cases, conditions or scope can change, which, in turn, will require a ch

Question

In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information.___Schedule variance measures progress in time units.___Earned value is defined as the budgeted cost of the actual work performed.___The PV, AC and CV are all required to assess the current status of the project.____Baseline costs typically include labor, equipment, materials and direct overhead cost._____When a project starts as a high priority but its rank erodes or crashes during its project life cycle resulting in closure of the project, this is an example of changed priority project closure.____Retrospectives of lessons learned are designed to improve performance on current and future projects.____Project managers should wait to give feedback to the project team and team members until the project has been completed. Giving feedback throughout the project can disturb project teams.___A project closure where the project is completed early with some parts of the project eliminated would be classified as a failed project.___The final report typically includes profit made on the project.___The constraints imposed by national anti local laws are part of the environmental factor termed infrastructure.___Culture shock is generally considered a positive sign that the professional is becoming involved in the new culture.

Explanation / Answer

1. True

2. False. SV measures progress in dollars

3. True. Earned Value is defined as Budgeted cost of work performed (BCWP)

4. True.

5. False, direct overhead cost is not included in baseline costs

6. True

7. True

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