For a project, the TBC = $200,000, the CEV = $120,000, the CAC = $100,000.Which of the following statements is true?
A) The project has a negative cost variance and corrective action is needed.
B) The FCAC is greater than the budget and the project scope should be adjusted.
C) The project is progressing well and should be continued.
D) The CPI is less than 1.0.
Correct Answer:
Verified
Q90: The key to managing a cash flow
Q91: The cumulative budgeted cost is
A) the aggregate
Q92: The actual cost on a project is
A)
Q93: If the project has a negative cost
Q94: The positive cost variance means
A) more money
Q96: The key to managing _ is to
Q97: A cost performance index greater than 1.0
Q98: The first method for determining _ assumes
Q99: Committed costs in a project are
A) those
Q100: The cost performance analysis should include identifying
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