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NEW QUESTION: 1
Jane works as a project manager for HRM Inc. Various projects are running under her administration.
Holly, the team leader of a project, provides Jane the performance indexes of her project. The schedule variance (SV) of her project is 15. What does this figure illustrate?
A. Holly's project is ahead of the schedule.
B. Holly's project is behind the schedule.
C. Holly's project is right on target.
D. Holly's project has costs that are higher than planned.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Answer option B is correct.
According to the question, the schedule variance (SV) of the project is 15, which is a positive value. The positive SV depicts that the project is ahead of the planned schedule.
Schedule variance (SV)
Schedule variance (SV) is a earned value technique used for measuring the schedule performance on a project. The variance signifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula:
SV = Earned value (EV) - Planned value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.
Answer option A is incorrect. The negative SV means that the project is behind the schedule.
Answer option C is incorrect. The zero SV means that the project is right on target.
Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the project.
Cost variance (CV)
Cost variance (CV) is a measure of cost performance of 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.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting

NEW QUESTION: 2
If the cosine of angle ϕ is, what is the secant of the same angle?

A. Option A
B. Option D
C. Option C
D. Option E
E. Option B
Answer: E
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 3
A company recently experienced a break-in whereby a number of hardware assets were stolen through unauthorized access at the back of the building. Which of the following would BEST prevent this type of theft from occurring in the future?
A. Monitored security cameras
B. Badged entry
C. Perimeter fencing
D. Motion detection
Answer: D

NEW QUESTION: 4
Which of the following is the primary reason that many auditors hesitate to use embedded audit modules?
A. Embedded audit modules can easily be modified through management tampering.
B. Auditors are required to monitor embedded audit modules continuously to obtain valid results.
C. Embedded audit modules cannot be protected from computer viruses.
D. Auditors are required to be involved in the system design of the application to be monitored.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Embedded audit modules are sections of the application program code that collect
transaction data for the auditor. Embedded audit modules are usually built into the application program
when the program is developed. This would require that the auditors be involved in the system design of
the application to be monitored.
Choice "A" is incorrect. Embedded audit modules can be protected from computer viruses the same way
any other application program would be protected.
Choice "B" is incorrect. Auditors are not required to monitor embedded audit modules continuously to
obtain valid results.
Choice "C" is incorrect. As long as there are appropriate controls in place, embedded audit modules
cannot easily be modified through management tampering.

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