Barring a Change in Project Scope and Given a Schedule

question 41

Multiple Choice

Barring a change in project scope and given a Schedule Performance Index (SPI) that is greater than 1, the most reasonable inference to draw is that:

• A) The project will likely finish earlier than planned.
• B) The project will likely finish later than planned.
• C) The project will likely cost more than planned.
• D) The project will likely cost less than planned.
• E) The project will likely be on time and on budget.

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Definitions:

Budget Deficit

The situation in which a government's expenditures exceed its revenues, leading to borrowing or currency issuance.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize an economy by decreasing the effects of economic fluctuations.

Aggregate Demand

Aggregate requirement for goods and services within an economic system, evaluated at a fixed comprehensive price level over a defined period.