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which metric quantifies the delta between estimated resource cost and a…

Question

which metric quantifies the delta between estimated resource cost and actual resource cost?

price variance

planned resource utilization

usage variance

resource allocation ratio

question 4
1 pts

which metric assesses the likelihood that a stakeholder feels satisfied and may be willing to recommend the project to others?

morale

turnover

net promoter score (nps)

mood chart

Explanation:

Response
First Question (Metric for delta between estimated and actual resource cost)
Brief Explanations
  • Price Variance measures the difference between the estimated (standard) cost and actual cost of resources (like materials or labor) based on price differences.
  • Planned Resource Utilization is about how planned resources are used, not cost differences.
  • Usage Variance is about the difference in the quantity of resources used, not cost.
  • Resource Allocation Ratio is about how resources are allocated, not cost variance.
Brief Explanations
  • Net Promoter Score (NPS) specifically measures the likelihood of a stakeholder (customer, project stakeholder) recommending a product, service, or project to others, based on their satisfaction.
  • Morale is about team or individual motivation, not stakeholder recommendation.
  • Turnover is about employee retention/attrition, not stakeholder satisfaction.
  • Mood Chart is for tracking moods, not stakeholder recommendation likelihood.

Answer:

A. Price Variance

Second Question (Metric for stakeholder satisfaction and recommendation likelihood)