INF3708 - Software Project Management Exam Questions and Answers 100% Correct
INF3708 - Software Project Management Exam Questions and Answers 100% CorrectINF3708 - Software Project Management Exam Questions and Answers 100% CorrectINF3708 - Software Project Management Exam Questions and Answers 100% Correct What is Earned Value (EV) and its formula: - ANSWER-Earned Value (EV) is the total value credited to the project at anytime EV = % of work completed x PV What is Schedule Variance (SV) and its formula , also what does a negative or positive SV indicate: - ANSWER-Schedule Variance (SV) is an indicator as to whether the project schedule is behind or ahead. SV = EV - PV Negative SV indicates = project behind schedule Positive SV indicates = project is ahead of schedule What is Cost Variance (CV) and its formula , also what does a negative or positive CV indicate: - ANSWER-Cost Variance (CV) is used to indicate the degree to which the value of completed work differs from the planned. CV = EV - AC Negative CV indicates = project over budget Positive CV indicates = project under budget What is Schedule Performance Index (SPI) and its formula
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