If a Project Is Expected to Be Completed in 68

question 78

Multiple Choice

If a project is expected to be completed in 68 days with a project variance of 21 days,what is the probability that the project will be completed within 50 days?

• A)less than 1%
• B)between 5% and 10%
• C)between 15% and 30%
• D)over 35%

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Definitions:

Support Department Costs

Expenses associated with functions that benefit the entire organization, such as human resources and IT services.

Indirect Costs

Costs that are not identified with or traced to a cost object.

Cost Drivers

Factors that cause a change in the cost of an activity, ultimately affecting the overall expenses associated with production or operations.

Janitorial Services

Professional cleaning and maintenance services performed in office buildings, schools, hospitals, and other facilities.