Schedule variance - Study guides, Class notes & Summaries

Jumpstart: Construction Management Ch 3 Questions and Answers 100% Pass What is the function of a work breakdown structure (WBS) in project scheduling? To break down the project into manageable tasks and sub-tasks, making it easier to estimate time and resources required. How can a construction manager address schedule risks? By identifying potential risks early, developing mitigation strategies, and incorporating them into the project schedule. What is the difference between pro...

Three-point estimate Correct Answer-(most likely estimate + optimistic estimate + pessimistic estimate)/3 = (40 + 24 + 65)/3 = 43 hours formula for SV (schedule variance) Correct Answer-SV = EV - PV project scope documents Correct Answer-product description, key deliverables, success and acceptance criteria, key performance indicators, exclusions, assumptions, and constraints scope statement Correct Answer-The scope statement is used as a baseline for future project decisions. The scope...

(According to Goldratt...) Team players put too much ____ into their estimated durations - Safety A task has a budget of $20,000 and a schedule duration of 5 days. Given an EV of $6,000 and a PV of $12,000 What is the task's SV (schedule variance)? Is the task ahead or behind schedule? - - $6,000 - The task is deeply behind schedule A task has a budget of $20,000 and a scheduled duration of 5 days If day 3 has just transpired, what is the PV, the BCWS? - $12,000 A task has a budget of ...

CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified). A001. All the following statements about time and materials contracts are true except: a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements b. the seller receives a profit in addition to being reimbursed for allowable costs c. the full value of the agreement is not defined at contract award d. the exact quantity of items to be delivered is not defined at contr...

An elderly client with a fractured left hip is on strict bedrest. Which nursing measure is essential to the client's nursing care? A. Massage any reddened areas for at least five minutes. B. Encourage active range of motion exercises on extremities. C. Position the client laterally, prone, and dorsally in sequence. D. Gently lift the client when moving into a desired position. D. Gently lift the client when moving into a desired position. To avoid shearing forces when repositioning, the ...

ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025 BAC Budget at completion - No formula—it's the project budget - How much money you'll spend on the project PV Planned value - BAC * Planned % complete - What your schedule says you should have spent (planned) EV Earned value - BAC * Actual % complete - How much of the project's value you've really earned AV Actual cost - What you've actually spent on the project - How much you've actually spent so ...

APM PMQ EXAM STUDY GUIDE What should a business case include? - B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the PRAM? - Initiate Identify Assess Plan responses Implement responses What are the 5 phases in the extended project life cycle? - Concept Definition Development Handover and Closure Operations Who are potential stakeholders within a project? - Project Sponsor Project Team Users Suppl...

ITPM - Cost Management Exam Questions And Answers 100% Verified 2024/2025 BAC Budget at completion - No formula—it's the project budget - How much money you'll spend on the project PV Planned value - BAC * Planned % complete - What your schedule says you should have spent (planned) EV Earned value - BAC * Actual % complete - How much of the project's value you've really earned AV Actual cost - What you've actually spent on the project - How much you've actually spent so ...

Hesi Fundamentals Practice Test Questions and Answers 2023 An elderly client with a fractured left hip is on strict bedrest. Which nursing measure is essential to the client's nursing care? A. Massage any reddened areas for at least five minutes. B. Encourage active range of motion exercises on extremities. C. Position the client laterally, prone, and dorsally in sequence. D. Gently lift the client when moving into a desired position. To avoid shearing forces when repositioning, the clien...

2023 /2024 PMP CERTIFICATION EXAM ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ 1. Vocal inflection accounts for how much understanding of verbal communication? a. 55 percent b. 38 percent c. 100 percent d. 7 percent B - Vocal inflection contributes approximately 38 percent of our understanding of a verbal communication. From Hidden Messages by Albert Mehrabian, 1972. 2. On your current project, EV = $45,000, AC = $5...