Budget variance - Study guides, Class notes & Summaries

NAB Study Guide Questions REVIEWED 2024 Education and training programs. - ANSWER To obtain more accurate cost estimates and more control over costs (participatory budget making process - others are more likely to consider the budget legitimate). A change in which one of the following is not likely to be the cause of a budget variance? - ANSWER The personal needs allowance. "Assets are always equal to the sum of liabil...

FIN 320F Unit 11, 12 & 13 Working Words and Application Problems Graded A+ What is "economic value added" (EVA) and how is it calculated? Economic value added (EVA) is calculated by subtracting the company's cost of capital from its net operating profit after taxes (NOPAT). It measures a company's financial performance and value creation. How does "debt-to-equity ratio" impact financial risk? The debt-to-equity ratio compares a company's total debt to its shareholders' equit...

5 process groups - Initiating Planning Executing Monitoring and Controlling Closing ten knowledge areas - Integration Scope Time Cost Quality HR Communications Risk Procurement Stakeholder management total float formula - total float = late finish - early finish normal distribution - bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%) triangular distribution...

5 process groups - Initiating Planning Executing Monitoring and Controlling Closing ten knowledge areas - Integration Scope Time Cost Quality HR Communications Risk Procurement Stakeholder management total float formula - total float = late finish - early finish normal distribution - bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%) triangular distribution...

CAPM Test Bank with 100% Correct Solutions. 5 process groups ️ Initiating Planning Executing Monitoring and Controlling Closing Ten knowledge areas ️ Integration Scope Time Cost Quality HR Communications Risk Procurement Stakeholder management total float formula ️ total float = late finish - early finish normal distribution ️ bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = ...

PMI Prep Exam #2 Questions & Answers 2024/2025 Planned Value (PV) - ANSWERSis the amount of the budget that was allocated to the work that was planned to be completed by a specific date. So today's planned value is the value of the work that should have been accomplished by now. Earned Value (EV) - ANSWERSis the actual value of the work that has been completed so far, based on the budgeted funds assigned to that work. In other words, it's the approved cost estimate of an activity multi...

CNML Test with Complete Solutions 2024/2025 DRGs - Correct Answer Diagnostic-Related Groups: payment rate based on specific diagnoses Prospective Payment System - Correct Answer Used by Medicare-participating hospitals: pretreatment diagnosis billings based on DRGs; rate decided ahead of time between insurance companies and hospitals Exclusive Provider - Correct Answer Used by HMO's: insurance coverage for contracted providers or institutions HMOs - Correct Answer Health maintenance o...

1-1. Which key components make up the bookkeeping process? (1-2&4) Is the process of recording and classifying transactions (a financial event that is shown within a financial statement/report) 1-1a. What is budgeting (1-2)? It is an ongoing process coordinating resources and expenditures. It is comprised of: • Analysis of the past • Benchmarking (reviewing performance metrics) • Future Projections 1-1b. What does a budget reflect (1-2)? A business' priorities a...

EVM 101 Module 5 Assessment and Management Action Exam 2023 | Verified Answers. What are some typical management actions integrated analysis using Earned Value Management (EVM) data can support? [Recognize the steps and sub-steps of a three-step Integrated Analysis Model] Making tradeoff decisions to reduce cost, adjusting budget requests Determining requirements for the warfighter Helping the Government decide to withhold some of the contractor management reserve for Government us...

Wise Practice Test Questions and Answers Graded A+ What does "budget variance" refer to? It represents the difference between the amount planned for a budget and the actual expenditure. How is the debt ratio defined? It illustrates the proportion of debt relative to an individual's net worth. What does a lower debt ratio indicate about a person's financial situation? It generally suggests that the individual is in a more stable financial position. How is the debt rati...