A document that describes how cost variances will be managed on the project. Tim O a. Analogous Estimate O b. Estimate at Completion O c. Cost Management Plan O d. Earned Value Management Which of the following is not a potential advantage of using good project management? O a. Higher profit margins O b. Higher worker morale O c. Lower cost of capital O d. Shorter development timesThere have been several variances in the cost and schedule estimates on your project, and the original estimating assumptions are no longer valid. The variances will likely continue until the end of the project. Calculate the estimate at completion (EAC) for your project based on the following data? BAC = $1,000,000 EV = $200,000 PV = $4000,000 AV = $150,000 CPI = 1.333 SPI = 0.5 O a. $1,200,120 O b. $751,879 O c. $1,425,142 O d. $1,050,000Which of the following schedule compression techniques is often the lowest risk and with the added benefit of lowering the cost? O a. Descoping O b. Outsourcing O c. Crashing O d. Overtime O e. Fast Tracking _ is a network diagramming technique used to predict total project duration. O a. Critical Path Analysis O b. Critical Chain Scheduling O c. Gantt Charts O d. Activity on Node O e. Activity on ArrowA thorough review of the following will help identify potential risks to the project. O a. The project budget O b. The project charter O c. The project's change control system O d. Risk identification checklists based on historical information and knowledge A project your company is about to invest in has a preliminary estimate of $ 60,000,000 JMD to install new pipelines to the complex. As project manager, you are aware of your company's stipulations that for a project to be viable, a pay-back period of no more than 7 years is acceptable. If the estimated monthly return from this project is $400,000 calculate the pay-back period in years. O a. 15 O b. 150 O c. 100 O d. 12.5The _ is a deliverable-oriented hierarchical decomposition of the work to be performed by the project team. O a. Organizational breakdown structure (OBS) O b. Work breakdown structure (WBS) O c. Milestone schedule O d. Master schedule