A Sponsor Requests That the Project Team Shorten the Completion

question 201

Multiple Choice

A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000. Which of the following represents the cost variance for both project completions?

• A) -$4.8K and -$7K
• B) -$4.9K and $7K
• C) $4.8K and -$7K
• D) $4.8K and $7K

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Definitions:

Impression Formation

The process by which individuals integrate various pieces of information about another person to form a global impression of them.

Social Loafing

A situation in which people put in less effort towards reaching a goal when they are part of a group compared to when they are working solo.

Conformity

is the behavioral change to align with the norms or standards of a group, often influenced by peer pressure or the desire to fit in.

Unusual

Deviating from what is typical or expected, often attracting attention because of its distinctiveness or strangeness.