Barring a Change in Project Scope and Given a Schedule

question 41

Multiple Choice

Barring a change in project scope and given a Schedule Performance Index (SPI) that is greater than 1, the most reasonable inference to draw is that:

• A) The project will likely finish earlier than planned.
• B) The project will likely finish later than planned.
• C) The project will likely cost more than planned.
• D) The project will likely cost less than planned.
• E) The project will likely be on time and on budget.

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Definitions:

Consumer Surplus

The variation between the price consumers are willing to offer for a product or service and the actual payment made.

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market, intended to protect consumers from high prices.

Pounds of Berries

A unit of measure indicating the quantity of berries, communicated in terms of their total weight in pounds.

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.