ARE 5.0 Project Management Exam (2024) with Questions and Answers

ARE 5.0 Project Management Exam (2024) with Questions and Answers Net service revenue (NSR) ANSWER Net fee determined by subtracting consultant fees from the gross fee for the project Planned cost ANSWER Labor hours and dollar amounts planned at project initiation Job-to-date (JTD) ANSWER Labor hours and dollar amounts spent as of current date Estimate-at-completion (EAC) ANSWER JTD plus ETC labor hours and dollar amounts estimated at project completion Planned estimate at completion ANSWER Over/under calculation indicating labor hours and dollar amounts at project completion relative to planned estimates Percent complete ANSWER Current work in place for the project, phase, or task expressed as a subjective percent complete and not based on the percentage of labor hours or dollar amounts spent Break-even multiplier ANSWER (Direct labor + overhead)/direct labor Overhead multiplier ANSWER Overhead/direct labor Effective multiplier ANSWER Current, subjective percent complete/direct labor Target multiplier ANSWER Firm-wide standard multiplier including profit