multiple choice

1 A point in a network, that shows the activity and the precedence lines is :

a. Path.

b. Node.

c. Event.

d. Burst.

2 The budget variance is calculated as:

a. Earned value minus actual cost.

b. Cost minus planned value.

c. Planned value minus actual cost.

d. Earned value minus planned value.

3 One of these costs is considered a direct cost?

a. Rent

b. Health benefits

c. Labor

d. Depreciation on equipment

4 The difference between earned value analysis and Gantt charts is :

a. Cost and schedule.

b. Performance.

c. Cost.

d. Schedule and performance.

5 Contingency budget is:

a. Not usually a part of the activity-based costing process.

b. Money that is spent first to lock-in all contract guarantees.

c. The money that must be received before any project work can begin.

d. Valued at a higher rate than non-contingency money when determining project costs.