An Unfavorable Materials Usage Variance May Be Caused by

question 64

Multiple Choice

An unfavorable materials usage variance may be caused by

• A) excessive rework
• B) a special price offered by suppliers
• C) use of experienced workers
• D) none of the above

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Definitions:

Network Charts

Graphical representations of a project's activities and their sequences, showing the interdependencies and the critical path of the project.

Project Portfolio Management

A method used by organizations to prioritize and manage a collection of projects or programs to achieve strategic objectives and maximize value.

Document Management

The process of handling documents in a way that ensures their accessibility, reliability, and security throughout their lifecycle, especially important in project management for maintaining records and compliance.

Vendor Schedule

A comprehensive timetable provided by a vendor detailing when specific goods or services will be delivered or completed.