PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconCost Management

You have been assigned to a project to develop security application for a fish farm. The leadership team has schedule as the highest-priority constraint, while the owners of the farm are more concerned about the quality and cost of the application. As the best way to balance these competing priorities and deliver a working application, adaptive approach to the project life cycle was used. However, there are concerns from the stakeholders about what the impact will be to the bottom line and whether the system will be ready for launch. These questions were anticipated in planning and they will be managed with cost performance measurement. Cost performance measurement is done through: