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NEW QUESTION: 1
Your project has a budget of $75,000 and is 60 percent complete though are supposed to be 75 percent done at this time. You have spent $50,000 to reach this point of the project. If management wanted to know your cost variance for this project what formula would you want Microsoft Project to calculate for you?
A. Earned value - planned value
B. Earned value - actual cost
C. Earned value/actual cost
D. Earned value - budget at completion
Answer: B
Explanation:
You would want Microsoft Project through, Project Center, to calculate and show the results of your earned
value minus the actual costs. In this instance, your earned value is $45,000 and your actual cost is $50,000.
Therefore, cost variance will be -$5,000. Answer option C is incorrect. Earned value - planned value is the
formula for finding the schedule variance using earned value management.
Answer option B is incorrect. Earned value/actual cost is the formula for finding the cost performance index.
Answer option D is incorrect. Earned value - budget at completion is the formula for finding the project
variance at the end of the project.
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.

NEW QUESTION: 2
Which service component in the wireless design phase develops a plan that identifies the necessary steps to move from the existing system to the proposed system? Select exactly 1 answer(s) from the following:
A. Business Requirements Development
B. Staging Plan
C. Implementation Plan Development
D. Business Plan
Answer: B
Explanation:
Explanation

NEW QUESTION: 3
What are the factors determining if a FX transaction can be settled through the CLS Bank?
A. currency pair, counterparty, time
B. currency pair, price
C. counterparty, price
D. currency pair, price, counterparty
Answer: A

NEW QUESTION: 4
The SOC is reviewing process and procedures after a recent incident. The review indicates it took more than
30 minutes to determine that quarantining an infected host was the best course of action. The allowed the malware to spread to additional hosts before it was contained. Which of the following would be BEST to improve the incident response process?
A. Providing additional end-user training on acceptable use
B. Dividing the network into trusted and untrusted zones
C. Updating the playbooks with better decision points
D. Implementing manual quarantining of infected hosts
Answer: C