A Project Consists of Four Activities with Information as Shown

question 55

Multiple Choice

A project consists of four activities with information as shown in the table. What is the overall variance of the project?

• A) 4.24
• B) 8.41
• C) 18
• D) 24

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Definitions:

MRP II

Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, expanding on Material Requirements Planning (MRP).

MRP

Material Requirements Planning, a system for calculating the materials and components needed to manufacture a product.

ERP

A kind of software known as Enterprise Resource Planning is employed by organizations to oversee routine business functions like accounting, procurement, project management, and manufacturing.

SCM

The administration of the process by which materials, information, and financial assets move from suppliers to producers, followed by wholesalers and retailers, and concluding with the consumer, is what constitutes Supply Chain Management.