What Is a Schedule Variance

question 77

Multiple Choice

What is a schedule variance?

• A)The budgeted cost of work performed during a specific time period (BCWP)
• B)The budgeted cost of work scheduled during a specific time period (BCWS)
• C)The difference between the budged cost of work performed and the budget cost of work scheduled for a specific time period (BCWP-BCWS)
• D)The amount of time by which a project is behind schedule when no slack exists in the schedule budget
• E)The difference between the money spent and the money projected to be spent on a project

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Definitions:

Ethical Leadership

A leadership philosophy that is characterized by decision-making and actions guided by values, morality, and respect for stakeholders.

Providing Direction

Offering guidance, instructions, or pathways for action to achieve specified goals or objectives.

Stewardship

The responsible overseeing and protection of something considered worth caring for and preserving.

Authenticity

The quality of being genuine, honest, and true to one's own personality, spirit, or character.