Question

Cost and schedule variances can be defined by which of the following terms?

a) Mathematical
b) index
c) resource
d) cost variance

Answer 1

Cost and schedule variances can be defined by the term mathematical. Mathematical models are used to estimate costs, predict cost alternatives, and analyze the connection between science and implementation costs.

Step-by-step explanation:

Cost and schedule variances can be defined by the term mathematical. Mathematical models are used to estimate costs, predict cost alternatives, and analyze the connection between science and implementation costs. These costs are then normalized for comparison.