A Negative Cost Variance Combined with a Negative Schedule Variance

question 64

Multiple Choice

A negative cost variance combined with a negative schedule variance is an indicator of

• A) actual cost exceeding earned value.
• B) planned value exceeding earned value.
• C) budget over-runs.
• D) behind schedule.
• E) All of these alternatives are correct.

Recognize the role and structure of corporate social responsibility (CSR) and sustainability reporting.

Distinguish between the types of costs associated with quality in a manufacturing process, including prevention, appraisal, internal failure, and external failure costs.

Calculate throughput time, manufacturing cycle efficiency (MCE), and delivery cycle time in the context of quality and performance management.

Identify non-value added activities in manufacturing and propose methods to reduce them.

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