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Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the cost of?When evaluating work packages that have a negative cost variance, focus on taking corrective actions to reduce the costs of two types of activities: Activities that will be performed in the near term. If you put off corrective actions until some point in the distant future, the negative cost variance may deteriorate.
When evaluating work packages that have a negative cost variance you should focus?Terms in this set (20) When evaluating work packages that have a negative cost variance, you should focus on taking corrective actions to reduce the costs of: activities that have a small cost estimate.
When the CPI goes below 1.0 or gradually gets smaller corrective action should not be taken the project is performing well select one True False?When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well. The key to effective cost control is waiting to address negative cost variances and cost inefficiencies after they are identified. It is important to manage the cash flow on a project.
Is the amount that was budgeted to accomplish the work that was scheduled?2. A cost is determined for each period, based on when the activities that make up the work package are scheduled to be performed. 3. The cumulative budgeted cost (CBC) is the amount that was budgeted to accomplish the work that was scheduled to be performed up to that point in time.
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When evaluating work packages that have a negative cost variance you should focus on taking corrective actions to reduce the costs of quizlet?
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