Multiple Choice
A method for calculating the forecasted cost at completion assumes that the work to be performed on the remaining portion of the project or work package will be done at the same rate of efficiency as the work performed so far.If the cost performance index is greater than 1.0, then
A) the FCAC is greater than the TBC.
B) the FCAC is less than the TBC.
C) the FCAC cannot be calculated with CPI.
D) additional information is needed to predict the FCAC.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: It's important that the person estimating the
Q2: The key to effective cost control is
Q3: Materials costs in the project costs estimate
Q4: The _ is the sum of the
Q5: For a project, the TBC = $200,000,
Q7: When evaluating work packages that have a
Q8: The key to managing _ is to
Q9: The _ for the entire project or
Q10: In many projects, when large dollar amounts
Q11: Historical data can be used as a