Instructions: Identify the Following

question 86

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Arsenal of Democracy

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Definitions:

Cost Variance

A measure of the cost performance of a project, calculated by the difference between the budgeted and actual expenses.

Cost Performance Index

A measure used in project management to calculate the efficiency of budgeted resources by dividing the earned value by the actual cost.

RFP

RFP stands for Request for Proposal, which is a document issued by an organization to solicit proposals from potential suppliers or service providers.

Reliability

The consistency of a test, measurement, or system’s performance over time.