The Design Activity of a Project Has the Following Cost

question 313

Multiple Choice

The design activity of a project has the following cost attributes: PV = 100,000 EV = 20,000 AC = 90,000 Based on this scenario, calculate the schedule variance.

• A) -80,000
• B) -70,000
• C) 10,000
• D) 120,000

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Definitions:

Normally Distributed

Describes a symmetrical, bell-shaped distribution of data where most of the observations cluster around the central peak and the probabilities for values farther away from the mean taper off equally in both directions.

Mean

The arithmetic average of a set of values or distribution, calculated by summing the values and dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values deviate from the mean.

Exponential Random Variable

A type of random variable that represents the time between events in a Poisson point process, characterized by a constant mean rate.