When Evaluating Work Packages That Have a Negative Cost Variance

question 26

Multiple Choice

When evaluating work packages that have a negative cost variance, you should focus on taking corrective actions to reduce the costs of:

• A) activities that will be performed in the near term.
• B) activities that will be performed in the towards the end of the project.
• C) activities that will be performed at the end of the project.
• D) all the activities in the project.

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Definitions:

Misrepresentation Remedies

Legal solutions available to someone who has suffered loss due to false statements, including rescission of contract or damages.

Modern Business

Contemporary commercial activities characterized by innovations, digital processes, and new operational models.

Assignment

The transfer of rights or property from one party to another, often used in reference to contracts or leases.

Doctrine of Privity

A legal principle stating that only the parties to a contract can sue or be sued on the contract's terms.