You are creating a project plan and you are determining the methods for accounting for the project work. Which method would you use to account for quality assurance checks for each production lot?

A$.$ Apportioned Effort

B$.$Weighted Milestone

C$.$ Fixed Formula

D$.$ Percentage Complete

E$.$ Level of Effort

The method used to account for accountants and management assigned to a project.

A$.$ Fixed Formula

B$.$ Apportioned Effort

C$.$ Percentage Complete

D$.$ Weighted Milestone

E$.$ Level of Effort

The cost account manager and the planner for an apartment complex project come into your office. They tell you that you have a variance. When the project plan was being created, the plumbing subcontractor details were based on previous contracts. Now, there is a misalignment in the timing of the subcontractor and the project plan. What is the variance type that was identified?

A$.$ Cost

B$.$ Schedule

C$.$ All of the above

The earned value technique used to account for the amount of work completed at the end of the reporting period.

A$.$ Level of Effort

B$.$ Weighted Milestone

C$.$ Percentage Complete

D$.$ Fixed Formula

E$.$ Apportioned Effort

You have just concluded a meeting with your customer. The customer has decided to remove the pool from the apartment complex project contract because it was on the roof and would only be used two months out of the year. Because of the change, the project will have a variance. What type of variance has been identified?

A$.$ Cost

B$.$ Schedule

C$.$ All of the above

The $\_\_\_\_\_\_\_\_$ method counts for a specific percentage of earned value at the beginning of a task and the remainder at the close.

A$.$ Level of Effort

B$.$ Fixed Formula

C$.$ Apportioned Effort

D$.$ Percentage Complete

E$.$ Weighted Milestone

An earned value technique used to take incremental progress towards a milestone and requires judegement to determine the percent complete.

A$.$ Percentage Complete

B$.$ Weighted Milestone

C$.$ Apportioned Effort

D$.$ Level of Effort

E$.$ Fixed Formula

You are going through the data to calculate the Earned Value metrics for the monthly report. You noticed the project is not going according to plan. Upon closure investigation, you noticed that the planner didn't account for the Fourth of July holiday and employee vacation. What type of variance is has been identified?

A$.$ Schedule

B$.$ Cost

C$.$ Both

Your subcontractor for the foundation work just informed you that his estimate for the depth of the pillars and amount of reinforced concrete needed to support the apartment complex was underestimated. He told you that each pillar needed to be six feet deeper but schedule would not be effected due to the heavy equipment already being in place. What type of variance is has been identified?

A$.$ Schedule

B$.$ Cost

C$.$ Both

Half$-$way through the installation of the plumbing of your apartment complex, you were informed by the plumbers union representative that a new labor contract was signed to prevent a worker's strike. What type of variance are you expecting to see at the next reporting period?

A$.$ Schedule

B$.$ Cost

C$.$ Both