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NEW QUESTION: 1
You work as a project manager for HRM Inc. Your project has a schedule variance of -$35,500 and a schedule performance index of 0.92. What do these values mean in regard to project performance?
A. The project has a planned value of $600,000.
B. The project is likely to be late and over budget.
C. The project is performing well.
D. The project is eight percent off schedule and has a considerable schedule variance.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Answer option A is correct.
A schedule variance is found by subtracting the planned value from the earned value. A -$35,500 schedule variance is considerable for most projects, but combined with a schedule that is eight percent off schedule is more serious. The size of the project, however, and the defined project budget, needs to be determined to evaluate how serious the variance is.
Schedule variance (SV) is a earned value technique used for measuring the schedule performance on a project. The variance signifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula:
SV = Earned value (EV) - Planned value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting

NEW QUESTION: 2
Which two statements describe a RESTful web service? (Select two.)
A. A group of software and services subscriptions, which together provide productivity software and related services to the subscriber.
B. A web service that can be shut down when not in use to save per use costs.
C. An architecture style for building services that are lightweight and maintainable.
D. Allows processes running on different operating systems to communicate using Extensible Markup Language (XML).
E. A service exposed via HTTP to perform a certain function.
Answer: D,E

NEW QUESTION: 3

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

NEW QUESTION: 4
Which type of invoice is automatically created to pay for a monthly car service from a lease/rental/warranty contract?
A. ROUTINE
B. SERVICE
C. LEASED
D. SCHED
Answer: D