Large IT Projects,especially Ones That Involve Infrastructure,are Developed According to the __________

question 84

Short Answer

Large IT projects,especially ones that involve infrastructure,are developed according to the __________ methodology using several tools.

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Definitions:

Standard Rate Per Hour

The set amount paid for an hour of work, often used in budgeting labor costs for projects or operations.

Direct Materials Quantity Variance

The variance between the real amount of direct materials consumed in manufacturing and the anticipated standard amount, multiplied by the predetermined cost for each unit.

Actual Quantity

The real or measured amount of inputs used in the production of goods or services, often compared against budgeted or standard quantities for analysis.

Standard Price

A predetermined cost assigned to materials, labor, and overhead, used in budgeting and variance analysis.