____ Involves the Following: Analyzing Cost Performance to Determine Which

question 77

Multiple Choice

____ involves the following: Analyzing cost performance to determine which work packages may require corrective action; Deciding what specific corrective action should be taken; and Revising the project plan, including time and cost estimates, to incorporate the planned corrective action.

• A) Resource analysis
• B) CPI monitoring
• C) Cost control
• D) Problem solving

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Definitions:

Standard Deviation

A tool used to assess the range or variability of data values.

6-Sided Dice

A cube-shaped object with each of its six faces bearing a number from one to six, used in various games to generate random numbers.

Histogram

A graphical representation of data distribution, showing frequencies or occurrences of data within consecutive intervals.

Simulation

A method for modeling the operation of real-world processes or systems over time using computers or other technologies.