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NEW QUESTION: 1
You work as a project manager for HRM Inc. Your project has a schedule variance of -$35,500 and a schedule performance index of 0.92. What do these values mean in regard to project performance?
A. The project is likely to be late and over budget.
B. The project is eight percent off schedule and has a considerable schedule variance.
C. The project is performing well.
D. The project has a planned value of $600,000.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Answer option A is correct.
A schedule variance is found by subtracting the planned value from the earned value. A -$35,500 schedule variance is considerable for most projects, but combined with a schedule that is eight percent off schedule is more serious. The size of the project, however, and the defined project budget, needs to be determined to evaluate how serious the variance is.
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.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting

NEW QUESTION: 2
Rotational speed measures the number of revolutions that an object travels in a time interval. In the diagram of a clock below, there are minute and hour hands, and the time interval is one hour.
The minute hand travels in a clockwise direction around the clock, returning to the twelve after 60 minutes have passed. The hour hand also travels in a clockwise direction from 5 to 6 in 60 minutes.

Based on the information and diagram, which statement is most accurate?
A. The minute hand's rotational speed increases each minute.
B. The minute hand has a greater rotational speed than the hour hand.
C. The hour hand's rotational speed increases each hour.
D. The hour hand has a greater rotational speed than the minute hand.
E. The minute hand and hour hand have identical rotational speeds.
Answer: B

NEW QUESTION: 3
Which of the following statements best describes the Requirements Management process?
A. It is used to develop requirements for Transition Architectures that deliver business value
B. It is used to establish requirements for Phase A
C. It is used to dispose of, address and prioritize architecture requirements
D. It is used to manage architecture requirements throughout the ADM cycle
E. It is used to review business requirements
Answer: D

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