Describe How the Test of Control Procedure Was Performed

question 79

Essay

Describe how the test of control procedure was performed.

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Definitions:

Schedule Variance

A project management metric that compares the amount of work performed against the work scheduled.

Earned Value

Earned Value is a project management technique that measures project performance and progress using scope, schedule, and cost measurements.

Planned Value

An estimate of the expected monetary value of the work scheduled to be performed on a project at any given time.

Cost Variance

A measure of the cost performance of a project, calculated by the difference between the budgeted and actual expenses.