For a Project, the TBC = $200,000, the CEV =

question 5

Multiple Choice

For a project, the TBC = $200,000, the CEV = $120,000, the CAC = $100,000.Which of the following statements is true?

• A) The project has a negative cost variance and corrective action is needed.
• B) The FCAC is greater than the budget and the project scope should be adjusted.
• C) The project is progressing well and should be continued.
• D) The CPI is less than 1.0.

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Definitions:

Type A Personality

A personality type characterized by high levels of competitiveness, self-motivation, and a sense of urgency.

Determined to Achieve

A strong will or resolve to reach specific goals or outcomes, often in the face of challenges.

Calm and Composed

A state of being relaxed and in control of one's emotions, often in stressful situations.

Type A Behaviors

Personality traits characterized by high levels of competitiveness, self-imposed stress, impatience, and aggression, often associated with a higher risk of heart disease.