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BMGT 1309 Final Exam 2025 Questions and Answers Reserves - ....ANSWER ...-Contingency costs in the project costs estimate, also referred to as Have enough money - ....ANSWER ...-Making sure that sufficient payments are received from the customer in time so that you... Corrective action can be taken - ....ANSWER ...-Its crucial that cost variances and inefficiencies be identified early so that... CEV - ....ANSWER ...-The product of the percent complete and the sum of the estimated costs of all the specific activities actual cost, cumulative budgeted cost - ....ANSWER ...-As data is collected _____, they can be compared to ____ The CV is positive - ....ANSWER ...-If the cumulative earned value is greater than the cumulative actual costs, then... CAC - ....ANSWER ...-the amount that was actually spent to accomplish the work that was scheduled to be performed up to that point in time. $13,000 - ....ANSWER ...-if the total budgeted cost is $15,000, the cumulative actual cost is $10,000, and the cumulative earned value is $12,000 …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1