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NEW QUESTION: 1
You work as a project manager for BlueWell Inc. You are calculating the performance indexes of your project. The cost variance (CV) of your project is 30. What does this figure depict?
A. Project is behind the schedule.
B. Costs are lower than planned.
C. Costs are higher than planned.
D. Costs are right on target.
Answer: B
Explanation:
According to the question, the cost variance of the project is 30, which is a positive figure. A positive value means that cost is less than planned. What is CV? Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project. Answer option C is incorrect. If the CV is zero, it shows that cost is right on target. Answer option A is incorrect. This result is depicted by viewing the schedule variance (SV), not the
CV.
Answer option B is incorrect. If the CV is a negative value, it depicts that the costs are higher than
planned.

NEW QUESTION: 2

A. Option B
B. Option C
C. Option D
D. Option A
Answer: B
Explanation:

NEW QUESTION: 3
In computing skewness, which of the following is true?
I. It uses the cubed deviation from the mean.
II. It raises the deviation from the mean to the third power.
III. The formula preserves the direction of the deviation.
A. II and III
B. None of these answers is correct.
C. I and III
D. I, II, and III
Answer: D
Explanation:
Explanation/Reference:
Explanation:
I and II are true and equivalent. III is true because the cube of a negative number is still a negative number: -2 * -2 * -2 = -8.