With the Aid of Computer Software, Managers Can Vary Assumptions

question 54

Multiple Choice

With the aid of computer software, managers can vary assumptions regarding selling prices, costs, and volume and can immediately see the effects of each change on the break-even point and profit. This is called

• A) "what if" or sensitivity analysis
• B) vary the data analysis
• C) computer-aided analysis
• D) data gathering

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Definitions:

Schedule Variance

A project management metric that measures the difference between the planned and actual progress of a project.

Earned Value

A project management technique that measures project performance and progress in an objective manner.

Planned Value

In project management, it refers to the estimated monetary value of the work planned to be completed at a certain point in the project's timeline.

Earned Value Management

A project management technique that integrates scope, cost, and schedule to assess project performance and progress.