When Evaluating Work Packages That Have a Negative Cost Variance

question 31

Multiple Choice

When evaluating work packages that have a negative cost variance, you should focus on taking corrective actions to reduce the costs of:

• A)activities that will be performed in the near term.
• B)activities that will be performed towards the end of the project.
• C)activities that will be performed at the end of the project.
• D)all the activities in the project.

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Definitions:

Compounded Semi-annually

This refers to the practice of applying interest to an existing amount plus any accumulated interest twice yearly.

Monthly Mortgage

A regularly scheduled payment which includes principal and interest owed on a mortgage.

Loan Payment

A payment made to reduce the outstanding balance of a loan, often made on a monthly basis.

Compounded Monthly

Pertains to the frequency in which interest earnings are added to the principal investment amount, occurring every month.