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NEW QUESTION: 1
You are the project manager of the NHA Project. This project is expected to last one year with quarterly milestones throughout the year. Your project is supposed to be at the third milestone today, but you are likely to be only 60 percent complete. Your project has a BAC of $745,000 and you have spent $440,000 of the budget-to-date. What is your cost variance for this project?
A. 11,667
B. $-111,750
C. $7,000
D. There is no variance.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The cost variance is the earned value minus the actual costs. In this project, you have spent less than what the project is worth, so the project has a positive cost variance. 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.
Incorrect Answers:
A: This is the variance at completion for the project.
B: -$111,750 is the cost variance of the project.
C: There is a cost variance, albeit a positive one.

NEW QUESTION: 2
Which option is the name for the overall process of monitoring and managing projects to ensure success criteria are met?
A. Implementation plan
B. Lifecycle management
C. Governance
D. Maintenance and support
Answer: C

NEW QUESTION: 3
You are planning to install a new Microsoft Visual Studio Team Foundation Server (TFS) 2012 server.
You need to ensure that the minimum supported version of Microsoft SQL Server is installed.
Which version should you install?
A. SQL Server 2012
B. SQL Server 2008 64-bit
C. SQL Server 2008 R2
D. SQL Server 2005
E. SQL Server 2008 32-bit
Answer: C