Multiple Choice
involves the following: analysing cost performance to determine which work packages may require corrective action; deciding what specific corrective action should be taken; and revising the project plan, including time and cost estimates, to incorporate the planned corrective action.
A) Resource analysis
B) CPI monitoring
C) Cost control
D) Problem solving
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Historical data can be used as a
Q17: If you put off corrective actions until
Q19: It's crucial that cost variances and inefficiencies
Q28: When the budgets for all the work
Q39: The key to effective cost control is
Q43: Cost estimates should be unreasonable and excessive.
Q45: Often, the sum of the initial estimated
Q55: The budget for each work package is<br>A)
Q57: The is the amount that was actually
Q58: It's important that the person estimating the