Question

In: Operations Management

13. Actual costs must be captured at the control account level. True False 14. The safety...

13. Actual costs must be captured at the control account level.

True

False

14. The safety inspector is testing 10 car seats for every 1000 car seats being produced. What earned value technique is the project using for this aspect of the project? (no multiple choice)

15. The 0/100 earned value technique has earned value when the task

has started

has been apportioned

has been completed

has some actual cost that can be associated with it

16. Which is true of earned value?

It is the actual cost plus the planned cost.

It is usually equal to the actual cost.

It is the work performed when compared to the actual cost of the work.

It is 100% of the completed tasks's budget

17. The software development work package starts on March 1st and will end during September of the same year. What earned value technique would not be advisable for this work package,

Percent complete

50/50 technique

Units complete

Equivalent units

Expert Solution

13. True

Explanation - To enable smmarization of WBS and OBS, Actual costs must be collected at the control account level.

14. Since, 10 is a sample from 1000 car seats, and 10 are being tested, it can be identified that units completion earned value assessment can be used for the same.

15. Correct answer - has been completed

Explanation - The 0/100 earned value technique suggests that no value is earned in the activities are not completed. Hence, it is the correct answer

16. Correct answer - It is the work performed when compared to the actual cost of the work

Explanation - Earned value is defined as the work that has been completed to date. It actually shows the value that has been produced by the project if the project is terminated today.

17. Equivalent units cannot measure the earned value for the software development project.

Explanation - In a software, there are no equivalent units. There are only units which produce desired results on being completed.

It can be calculated on the basis of percentage, 50/50 or the units completion but not the equivalent units.

keosha answered 11 hours ago

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