Choose the right answer for these four question Which of the

Choose the right answer for these four question

Which of the following is the earned value?

a.the budgeted cost of work performed

b.the actual cost of work performed

c.the budgeted cost of work scheduled

d.none of the above

2) Quality assurance and configuration management are examples of this.

a.project management processes

b.phase-specific processes

c.project planning processes

d.Umbrella processes

3) Which of the following values of cost variance indicate that a project appears to be on budget?

a. A value of one

b. A value of zero

c. a positive value

d. a negative value

4)Which of the following is the most accurate estimating technique?

a.Algorithmic models

b.Activity-bassed

c.Expert judgment

d.delphi method

Solution

1) Which of the following is the earned value?

Ans : a) the budgeted cost of work performed (BCWP)

2) Quality assurance and configuration management are examples of this.

Ans: d.Umbrella processes

3) Which of the following values of cost variance indicate that a project appears to be on budget?

Ans b) . A value of zero

cost variance = Earned value - actual cost

positive value : under budget the project

negative value : over budget the project

4)Which of the following is the most accurate estimating technique?

Ans a) Algorithmic models

            Its also know as parametric model. example of Algorithmic (Parametric) model is COCOMO (COnstructive COst       MOdel) which most accurate esimation technique