What Is Effort Variance?

What Is Effort Variance?
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Answer :

Effort Variance = (Actual effort – Estimated Effort) / Estimated Effort.
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Related questions

Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.

Last Answer : a. All variance to the project scope is evaluated.

. If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : . If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at completion is $75,000. What is the estimate at completion value for this project? Select one: a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

Description : Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at  completion is $75,000. What is the estimate at completion value ... : a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

Last Answer : d. $875,000

Which of the following represents the estimated value of the work actually accomplished? A. Earned value (EV) B. Planned value (PV) C. Actual cost (AC D. Cost variance (CV)

Description : Which of the following represents the estimated value of the work actually  accomplished?  A. Earned value (EV)  B. Planned value (PV)  C. Actual cost (AC  D. Cost variance (CV)

Last Answer : A. Earned value (EV)

. If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : . If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term  can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

Last Answer : C. Management Contingency Reserve

Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected

Description : Which one of the following does project change control primarily seek to ensure?  a. All variance to the project scope is evaluated.  b. No reduction in the perceived quality of the project outcome ... project do not increase.  d. Any decrease in the scoped deliverable of the project is rejected

Last Answer : a. All variance to the project scope is evaluated.

The BCWS = $250, the ACWP = $350, and the BCWP = $200. Calculate the Cost Variance. 1. -$150 2. $150 3. -$50 4. $50

Description : The BCWS = $250, the ACWP = $350, and the BCWP = $200. Calculate the Cost Variance. 1. -$150  2. $150  3. -$50  4. $50

Last Answer : 1. -$150

Cost Variance (CV) is which of the following equations? 1. CV = BCWP - BCWS 2. CV = BCWP - ACWP 3. CV = SV / BCWS 4. A and c

Description : Cost Variance (CV) is which of the following equations? 1. CV = BCWP - BCWS  2. CV = BCWP - ACWP  3. CV = SV / BCWS  4. A and c

Last Answer : 2. CV = BCWP - ACWP

A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Description :  A time-phased budget that project managers use to measure and monitor cost performance. A. Cost Baseline B. Cost Budgeting C. Cost Estimating D. Cost Variance

Last Answer : A. Cost Baseline

If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Description : If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

Last Answer : D. There is no cost variance

Price movement between two Information Technology stocks would generally have a co-variance. A. zero B. positive C. negative

Description : Price movement between two Information Technology stocks would generally have a  co-variance. A. zero B. positive C. negative

Last Answer : B. positive

What is effort variance?

Description : What is effort variance?

Last Answer : It is the difference in estimated effort and the effort actually needed. Work performance is monitored periodically to find if there is any variance in efforts so that corrective actions could be taken.

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Description : Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Last Answer : d) all of the mentioned

During project estimation, project manager estimates following A. project cost B. project duration C. project effort D. all of the above

Description : During project estimation, project manager estimates following A. project cost B. project duration C. project effort D. all of the above

Last Answer : D. all of the above

In the project planning, which of the following is considered as the most basic parameter based on which all other estimates are made? A. project size B. project effort C. project duration D. project schedule

Description : In the project planning, which of the following is considered as the most basic parameter  based on which all other estimates are made? A. project size B. project effort C. project duration D. project schedule

Last Answer : A. project size

Which of the following is/are main parameters that you should use when computing the costs of a software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Description : Which of the following is/are main parameters that you should use when computing the costs of a  software development project? a) travel and training costs b) hardware and software costs c) effort costs (the costs of paying software engineers and managers) d) all of the mentioned

Last Answer : d) all of the mentioned

Complete the following statement. In a weak matrix environment, the project manager, Eric, has to constantly make an effort to influence his project team and stakeholders to ensure project success. This is because: Select one: a. Eric has a lot of authority. b. Eric has no or little authority. c. Eric is controlled by his functional managers. d. there are no functional managers. e. Eric has flexibility on authority.

Description : Complete the following statement. In a weak matrix environment, the  project manager, Eric, has to constantly make an effort to influence his  project team and stakeholders to ensure project success. ... managers. d. there are no functional managers. e. Eric has flexibility on authority.

Last Answer : b. Eric has no or little authority.

Project management is a rationally planned and organised effort to achieve a specific goal. (True/False)

Description : Project management is a rationally planned and organised effort to achieve a specific  goal. (True/False)

Last Answer : Ans. True

Problems with using Lines of Code to measure the size of a product include(s) a) The creation of source code is only part of the development effort b) The Lines of Code (LOC) will differ between languages and cannot bemeasured for some languages c) Should comments, data definitions etc (i.e. non-executable LOC) be includedas well? D) The final size (kLOC) can only be determined once the product is delivered e) All of the above.

Description : Problems with using Lines of Code to measure the size of a product include(s) a) The creation of source code is only part of the development effort b) The Lines of Code (LOC) will differ between ... The final size (kLOC) can only be determined once the product is delivered e) All of the above.

Last Answer : e) All of the above.

Which model is used to compute the effort required to integrate reusable components or program code that is automatically generated by design or program translation tools? a) An application-composition model b) A post-architecture model c) A reuse model d) An early design model

Description : Which model is used to compute the effort required to  integrate reusable components or program code that is  automatically generated by design or program translation  tools? a) An application-composition model b) A post-architecture model c) A reuse model d) An early design model

Last Answer : c) A reuse model

Which of the following are parameters involved in computing the total cost of a development project? a) Hardware and costs b) Effort costs c) Travel and training costs d) All of the mentioned

Description : Which of the following are parameters involved in  computing the total cost of a development project? a) Hardware and costs b) Effort costs c) Travel and training costs d) All of the mentioned

Last Answer : d) All of the mentioned

computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

Description : computing the costs of a development project? (A)travel and training costs (B) hardware and costs (C) effort costs (the costs of paying engineers and managers) (D)All of the mention

Last Answer : (D)All of the mention

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Description : Which is the Estimation size should be known? a. Time estimation b. Effort estimation c. Cost estimation d. size estimation

Last Answer : b. Effort estimation

Scope creep is only a minor factor in projects running over schedule, and every effort should be made to incorporate any changes into the present system if they would truly be beneficial.

Description : Scope creep is only a minor factor in projects running over schedule, and every effort  should be made to incorporate any changes into the present system if they would truly be  beneficial.

Last Answer : Ans: False

When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____. a. data communications, time tradeoffs, and estimated effort b. end-user efficiency, data communications, and reusability c. performance and programming language d. reports printed and PCA e. x-rays, extensibility, and operational conversion

Description : When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____.  a. data communications, time tradeoffs, and ... programming language  d. reports printed and PCA  e. x-rays, extensibility, and operational conversion

Last Answer : b. end-user efficiency, data communications, and reusability

Assume a systems development project effort calculation determines that the system will require 240 function points. If the developers choose to implement this system in the C programming language, approximately 31,200 lines of code will have to be written. If the developers choose Visual Basic to implement the system, the number of lines of code will be _____. a. about the same b. can't tell without more information c. exactly the same d. much greater e. much less

Description : Assume a systems development project effort calculation determines that the system  will require 240 function points. If the developers choose to implement this system in the  C programming language, approximately ... without more information  c. exactly the same  d. much greater  e. much less

Last Answer : e. much less

Function points are used to measure the estimated _____ of a project. a. complexity b. effort required c. program size d. time required

Description : Function points are used to measure the estimated _____ of a project.  a. complexity  b. effort required  c. program size  d. time required

Last Answer : c. program size

The process of assigning values for the time and effort needed to perform a system project is called _____. a. analysis b. estimation c. identifying d. planning

Description : The process of assigning values for the time and effort needed to perform a system  project is called _____.  a. analysis  b. estimation  c. identifying  d. planning

Last Answer : b. estimation

A Communications Management Plan does the following: A. Coordinates an effort to communicate in meetings effectively B. Lays out a plan on how to communicate with your Project Sponsor and other organizations C. Lays out the approach and method for delivering information effectively and efficiently. D. Coordinates the communication between project leaders and uninterested project members

Description : A Communications Management Plan does the following:  A. Coordinates an effort to communicate in meetings effectively B. Lays out a plan on how to communicate with your Project ... and  efficiently. D. Coordinates the communication between project leaders and uninterested project  members

Last Answer : C. Lays out the approach and method for delivering information effectively and  efficiently.

How does a project differ from an ongoing work effort? A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures (Ans.)

Description : How does a project differ from an ongoing work effort?  A. It is unique B. It involves more than one person C. It has a project manager D. It is not a repetitive process that follows an organization’s existing procedures  (Ans.)

Last Answer : D. It is not a repetitive process that follows an organization’s existing procedures  (Ans.)

To assist in budget control, it is suggested that the estimate occur at the _____ ____ ______ level of the WBS 1. Highest 2. Lowest 3. Major work effort 4. Third

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Last Answer : 2. Lowest

Are there any cases where an average value can be maximized only at the cost of increasing variance?

Description : Are there any cases where an average value can be maximized only at the cost of increasing variance?

Last Answer : answer:Are you looking for real world examples? Assuming so You would probably like your income from work to be as high as possible, and would like to keep the value above a certain level where you ... does, since it's a much simpler set of rules if you can identify the likelihood of winning.

Do women have wider variance in the people they find attractive then men do?

Description : Do women have wider variance in the people they find attractive then men do?

Last Answer : I’ve been attracted to, or at least found attractive just about every size and shape.

Why are your nose and chin always at variance? -Riddles

Description : Why are your nose and chin always at variance? -Riddles

Last Answer : Because words are passing between them.

Fill in the blank with appropriate numpy method to calculate and print the variance of an array. -Technology

Description : Fill in the blank with appropriate numpy method to calculate and print the variance of an array. -Technology

Last Answer : print(np.var(data,ddof=0))

If a sample of 132 customers were taken from a population of 2340 customers s2 could refer to the variance of how many of the customers' ages?

Description : If a sample of 132 customers were taken from a population of 2340 customers s2 could refer to the variance of how many of the customers' ages?

Last Answer : Feel Free to Answer

Is The variance is the mean of the sum of the squared deviation between each observation and the median?

Description : Is The variance is the mean of the sum of the squared deviation between each observation and the median?

Last Answer : Feel Free to Answer

How many no. of error variance are applied in Strip Plot Design

Description : How many no. of error variance are applied in Strip Plot Design

Last Answer : Ans. 3

Which transformation is applied when mean a variance

Description : Which transformation is applied when mean a variance

Last Answer : Ans. Square root

To test the proportions and variance, we use

Description : To test the proportions and variance, we use

Last Answer : Ans. ‘F’ test

The distribution in which Mean = Variance

Description : The distribution in which Mean = Variance

Last Answer : Ans. Poison distribution

The distribution in which Mean > Variance

Description : The distribution in which Mean > Variance

Last Answer : Ans. Bionomial distribution

MD, SD and Variance are

Description : MD, SD and Variance are

Last Answer : Ans. Measures of Disperson/Spread

One method of troubleshooting digital circuits in a console is to ___________. A. supply alternate logic levels at the input(s) and test for change of state conditions at the output B. ground all inputs and test for a logic '1' at the output C. open all inputs and test for a logic '0' at the output D. vary each input smoothly from 0-10 volts and test for similar variance at the output

Description : One method of troubleshooting digital circuits in a console is to ___________. A. supply alternate logic levels at the input(s) and test for change of state conditions at the output B. ground all ... output D. vary each input smoothly from 0-10 volts and test for similar variance at the output

Last Answer : Answer: A

The basic operating principle of a transformer is attributed to ______________. A. electromagnetic induction B. variance of a conductor in a magnetic field C. mutual reaction D. thermionic emission

Description : The basic operating principle of a transformer is attributed to ______________. A. electromagnetic induction B. variance of a conductor in a magnetic field C. mutual reaction D. thermionic emission

Last Answer : Answer: A

Test between two population variance is done by (A) F – test (B) Z test (C) t – test (D) Arithmetic mean

Description : Test between two population variance is done by (A) F – test (B) Z test (C) t – test (D) Arithmetic mean

Last Answer : (A) F – test

The square of standard deviation is (A) Coefficient of variance (B) Standard deviation (C)Variance (D) Mean deviation

Description : The square of standard deviation is (A) Coefficient of variance (B) Standard deviation (C)Variance (D) Mean deviation

Last Answer : (C)Variance

The response curve for a step input signal from a reactor is called C￾curve. The variance of C-curve in a 'tanks in series model' comprising of 'm' tanks is equal to (A) m (B) 1/m (C) √m (D) m2

Description : The response curve for a step input signal from a reactor is called C￾curve. The variance of C-curve in a 'tanks in series model' comprising of 'm' tanks is equal to (A) m (B) 1/m (C) √m (D) m2

Last Answer : (B) 1/m