A Second Method for Determining the Forecasted Cost at Completion

question 48

Multiple Choice

A second method for determining the forecasted cost at completion assumes that, regardless of the efficiency rate the project or work package has experienced in the past, the work to be performed on the remaining portion of the project or work package will be done according to budget.If the cumulative actual cost is greater than the cumulative earned value, then

• A) the FCAC is greater than the TBC.
• B) the FCAC is less than the TBC.
• C) the FCAC cannot be calculated with the values given.
• D) additional information is needed to predict the FCAC.

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Definitions:

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.

Outsourced

The practice of contracting out certain business processes or tasks to external providers rather than handling them internally.

Dignity

The state or quality of being worthy of honor or respect.

Productivity

The measure of efficiency in which resources, such as labor and capital, are converted into goods, services, or outcomes.