Related Questions

• What is an input to "estimate costs"?
• Bill is asked to do provide an Earned Value of his project to the Executive Team by next week. In his calculation he has used both the anticipated work completed as well as the actual work completed and finds that the results for SPI is 1.5 and CV is +100. What does this tell him and how should he prepare for his meeting with Executive Team next week:
• True or False: In general, a positive variance indicates performance is better than expected?
• Which is better, a cost variance of 0, -1, -100, or -1000?
• Rachel was asked by her Supervisor to provide an update to her project, currently it is on track or ahead of the plan, as part of this she will include her estimate at completion: AC=$700,000, BAC= $750,000, and CPI=1.07. Which is the correct EAC calculation result for her project?
• Fred is currently managing a project that is that is significantly behind schedule, he started to calculate his estimate to completion. The following parameters were used: EAC=$500,000, AC= $750,000, and CPI not expected to be the same for remainder of project. Which is the correct ETC calculation for his project?
• What indicates the cost performance that needs to be achieved to reach a target project cost?
• If variance is outside of the pre-defined variance threshold, what should be done to re-baseline?
• Which is not an input for control costs?
• What are inputs to Control Costs process?