Let B = Budgeted Total Cost for a Work Package

question 49

Multiple Choice

Let B = budgeted total cost for a work package T = estimated completion time for a work package
P = percent complete
A = actual expenses to date
M = time used to date
What is the definition of cost overrun, C?

• A)C = A - PB
• B)C = A - (1 - P)TB
• C)C = A - PTB
• D)C = A - MB/T

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Definitions:

Assault

Any word or action intended to make another person apprehensive or fearful of immediate physical harm. A reasonably believable threat.

Battery

The intentional and offensive touching of another without lawful justification beyond a reasonable doubt. The standard used to determine the guilt or innocence of a person charged with a crime. To be guilty of a crime, a suspect must be proved guilty beyond and to the exclusion of every reasonable doubt.

Elements

Fundamental components or parts that together form a whole, often used in contexts such as scientific elements or legal requirements for proving a case.

Tort

An act that is wrongful under civil law, leading to harm or loss for another individual, which results in the perpetrator being legally responsible.