Question 1

The budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time best defines

Accepted Answer

A) variance. 
B) earned value. 
C) actual cost. 
D) planned value. 
A) variance. 
B) earned value. 
C) actual cost. 
D) planned value.

Question 2

Estimating is the process of determining the cost of a project.

Accepted Answer

A) True 
 B)False

Question 3

Steps taken to complete resource planning include

Accepted Answer

A) list the required resources. 
B) quantify the required resources. 
C) construct a resource schedule. 
D) all of the above. 
A) list the required resources. 
B) quantify the required resources. 
C) construct a resource schedule. 
D) all of the above.

Question 4

Earned value is the budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time.

Accepted Answer

A) True 
 B)False

Question 5

Resources include

Accepted Answer

A) people. 
B) facilities. 
C) equipment. 
D) all of the above. 
A) people. 
B) facilities. 
C) equipment. 
D) all of the above.

Question 6

The amount of cost budgeted for completed work of a given activity for a given period of time best defines

Accepted Answer

A) earned value. 
B) actual cost. 
C) scheduled cost. 
D) net present value. 
A) earned value. 
B) actual cost. 
C) scheduled cost. 
D) net present value.

Question 7

If cost variance is positive,it means that performing the activity cost more than the planned or budgeted cost.

Accepted Answer

A) True 
 B)False

Question 8

Office supplies,telephone,and utilities are examples of direct costs.

Accepted Answer

A) True 
 B)False

Question 9

The ratio of earned value to actual cost best defines

Accepted Answer

A) cost performance index. 
B) schedule performance index. 
C) estimate at completion. 
D) duration index. 
A) cost performance index. 
B) schedule performance index. 
C) estimate at completion. 
D) duration index.

Question 10

Which of the following compares cost deviations only and does not take schedule into account?

Accepted Answer

A) earned value 
B) actual costs 
C) cost variance 
D) variable costs 
A) earned value 
B) actual costs 
C) cost variance 
D) variable costs

Question 11

In a software project,the cost of designers,developers,and testers are examples of indirect costs.

Accepted Answer

A) True 
 B)False

Question 12

Duration is defined as the total span of active working time that is required to complete an activity.

Accepted Answer

A) True 
 B)False

Question 13

Project costs can be classified as each of the following except as

Accepted Answer

A) feasible. 
B) direct material and labor. 
C) fixed. 
D) variable. 
A) feasible. 
B) direct material and labor. 
C) fixed. 
D) variable.

Question 14

RUI is an index that indicates how the resources on the project should be utilized for the remainder of the project.

Accepted Answer

A) True 
 B)False

Question 15

The planning out of the resources used to execute the project best defines

Accepted Answer

A) systems design. 
B) capital management. 
C) feasibility analysis. 
D) resource planning. 
A) systems design. 
B) capital management. 
C) feasibility analysis. 
D) resource planning.

Question 16

The process of managing change in hardware,software,documentation,and measurements best defines

Accepted Answer

A) critical chain project management. 
B) PERT. 
C) configuration management. 
D) benchmarking. 
A) critical chain project management. 
B) PERT. 
C) configuration management. 
D) benchmarking.

Question 17

Which of the following provides a rough estimate of what a project costs before the actual project has started?

Accepted Answer

A) AHE 
B) ROME 
C) DE 
D) PARETO 
A) AHE 
B) ROME 
C) DE 
D) PARETO

Question 18

Identify five benefits of EVA.

Accepted Answer

Benefits include an accurate project sta

Question 19

A method to flatten the schedule when resources are over-allocated with a general idea to prevent team members from becoming over extended best describes

Accepted Answer

A) fast tracking. 
B) resource-leveling heuristic. 
C) crashing. 
D) thought process mapping. 
A) fast tracking. 
B) resource-leveling heuristic. 
C) crashing. 
D) thought process mapping.

Question 20

Methods employed in estimating costs include each of the following except

Accepted Answer

A) ROI. 
B) DE. 
C) AHE. 
D) ROME. 
A) ROI. 
B) DE. 
C) AHE. 
D) ROME.

The budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time best defines

Estimating is the process of determining the cost of a project.

Steps taken to complete resource planning include

Earned value is the budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time.

Resources include

The amount of cost budgeted for completed work of a given activity for a given period of time best defines

If cost variance is positive,it means that performing the activity cost more than the planned or budgeted cost.

Office supplies,telephone,and utilities are examples of direct costs.

The ratio of earned value to actual cost best defines

Which of the following compares cost deviations only and does not take schedule into account?

In a software project,the cost of designers,developers,and testers are examples of indirect costs.

Duration is defined as the total span of active working time that is required to complete an activity.

Project costs can be classified as each of the following except as

RUI is an index that indicates how the resources on the project should be utilized for the remainder of the project.

The planning out of the resources used to execute the project best defines

The process of managing change in hardware,software,documentation,and measurements best defines

Which of the following provides a rough estimate of what a project costs before the actual project has started?

Identify five benefits of EVA.

A method to flatten the schedule when resources are over-allocated with a general idea to prevent team members from becoming over extended best describes

Methods employed in estimating costs include each of the following except

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Project Planning

Risk Management

Quality, Performance and Value

Project Scheduling

Project Closure

Project Organizational Structures

Project Success

Filters

Exam 9: Resources, Costing, and Control

The budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time best defines

Estimating is the process of determining the cost of a project.

Steps taken to complete resource planning include

Earned value is the budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time.

Resources include

The amount of cost budgeted for completed work of a given activity for a given period of time best defines

If cost variance is positive,it means that performing the activity cost more than the planned or budgeted cost.

Office supplies,telephone,and utilities are examples of direct costs.

The ratio of earned value to actual cost best defines

Which of the following compares cost deviations only and does not take schedule into account?

In a software project,the cost of designers,developers,and testers are examples of indirect costs.

Duration is defined as the total span of active working time that is required to complete an activity.

Project costs can be classified as each of the following except as

RUI is an index that indicates how the resources on the project should be utilized for the remainder of the project.

The planning out of the resources used to execute the project best defines

The process of managing change in hardware,software,documentation,and measurements best defines

Which of the following provides a rough estimate of what a project costs before the actual project has started?

Identify five benefits of EVA.

A method to flatten the schedule when resources are over-allocated with a general idea to prevent team members from becoming over extended best describes

Methods employed in estimating costs include each of the following except

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Project Planning

Risk Management

Quality, Performance and Value

Project Scheduling

Project Closure

Project Organizational Structures

Project Success

Filters