A Second Method for Determining the Forecasted Cost at Completion

question 48

Multiple Choice

A second method for determining the forecasted cost at completion assumes that, regardless of the efficiency rate the project or work package has experienced in the past, the work to be performed on the remaining portion of the project or work package will be done according to budget.If the cumulative actual cost is greater than the cumulative earned value, then

• A) the FCAC is greater than the TBC.
• B) the FCAC is less than the TBC.
• C) the FCAC cannot be calculated with the values given.
• D) additional information is needed to predict the FCAC.

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Definitions:

Slope

The measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Point

A specific location in space defined by coordinates in a given dimension.

Slope

The gradient of a line, described as the division of the change in height by the change in width between two points on that line.

Graph

A visual representation of data or mathematical functions typically plotted with coordinates on a two-dimensional plane.