Considered most critical earned value management metric

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Reference no: EM132250509

1. What does Project Cost Control NOT include?

Ensuring that cost expenditures exceed the authorized funding

Ensuring all change requests are acted on in a timely manner

Monitoring work performance against funds expended

Managing actual changes as and when they occur

2. What is Planned Value also known as?

Performance Measurement Baseline

Budget at Completion

Management reserve

Authorized Budget

3. What is Schedule Variance equal to?

Earned Value minus Planned Value

Planned Value minus Earned Value

Planned Value divided by Earned Value

Earned Value divided by Planned Value

4. What is considered the most critical Earned Value Management Metric?

Schedule Variance

Schedule Performance Index

Actual Cost

Cost Performance Index

5. Customs departments for most countries today have two main purposes, which are:

Revenue and Data Collection

Security with programs like AEO

Revenue generation from Import Duties and Security of Imports and Exports

Revenue collection and Compliance

6. In a TCO there is a need to add the economic cost of the goods while in transit for a full accounting. What is the formula for the Economic Cost?

15% * Value of Goods * Days in Transit

WACC * Value of Goods * Days in Transit / 365

WACA * Value of Goods * Days in Transit

WACC * Value of Goods * 365 / Days in Transit

7. The United States export policy is mostly concerned about

preventing the spread of agricultural diseases and pests outside of the U.S.

preventing the sale of intellectual property to countries that do not protect it.

stopping exports of non-essential items to countries that cannot afford them.

keeping some military technologies away from some countries.

regulating exports to countries that have strong import regulations.

Reference no: EM132250509

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