Question 1

Unquantifiable costs relating to an identifiable source best defines

Accepted Answer

A) variable costs. 
B) unspecified costs. 
C) flexible costs. 
D) intangible costs. 
A) variable costs. 
B) unspecified costs. 
C) flexible costs. 
D) intangible costs.

Question 2

ROME provides a rough estimate of what a project costs before the actual project has started.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following compares actual and baseline duration?

Accepted Answer

A) cost variance 
B) resource variance 
C) duration variance 
D) work variance 
A) cost variance 
B) resource variance 
C) duration variance 
D) work variance

Question 4

The process of determining the cost of a project best defines

Accepted Answer

A) procurement management. 
B) cost decomposition. 
C) quality control. 
D) cost estimation. 
A) procurement management. 
B) cost decomposition. 
C) quality control. 
D) cost estimation.

Question 5

In fixed duration,the amount of work is a fixed value.

Accepted Answer

A) True 
 B)False

Question 6

The cost resource variance is the schedule variance due to the difference between budgeted and actual units of resource.

Accepted Answer

A) True 
 B)False

Question 7

The ratio of earned value to planned value best defines

Accepted Answer

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

Question 8

If the SPI is equal to 1.5,then the project is behind schedule.

Accepted Answer

A) True 
 B)False

Question 9

Management plan updates are inputs to project control.

Accepted Answer

A) True 
 B)False

Question 10

Every aspect of a project has a technical dimension and a human dimension.

Accepted Answer

A) True 
 B)False

Question 11

A resource schedule specifies

Accepted Answer

A) resources required to complete the project. 
B) timeframes for the consumption of each resource. 
C) quantity of each resource required per week. 
D) all of the above. 
A) resources required to complete the project. 
B) timeframes for the consumption of each resource. 
C) quantity of each resource required per week. 
D) all of the above.

Question 12

An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs.

Accepted Answer

A) True 
 B)False

Question 13

Describe three common methods employed in estimating costs.

Accepted Answer

ROME,AHE,and DE are three common methods

Question 14

Laboratories used for multiple projects,expendable equipment,and depreciation of laboratory capital equipment are examples of

Accepted Answer

A) overhead costs. 
B) general and administrative costs. 
C) investigative costs. 
D) intangible costs. 
A) overhead costs. 
B) general and administrative costs. 
C) investigative costs. 
D) intangible costs.

Question 15

Which of the following provides the efficiency of the utilization of the resources allocated to the project?

Accepted Answer

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

Question 16

The best estimate of the total cost at the completion of the project best defines

Accepted Answer

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

Question 17

Baseline management focuses on identifying,evaluating,documenting,and managing changes.

Accepted Answer

A) True 
 B)False

Question 18

CPI is the most important tracking metric in EVA.

Accepted Answer

A) True 
 B)False

Question 19

Incurred costs that cannot be changed by any decision and that cannot be recovered best defines

Accepted Answer

A) fixed costs. 
B) sunk costs. 
C) failure costs. 
D) designated costs. 
A) fixed costs. 
B) sunk costs. 
C) failure costs. 
D) designated costs.

Question 20

If schedule variance is negative,it means it took longer to perform the activity than planned.

Accepted Answer

A) True 
 B)False

Unquantifiable costs relating to an identifiable source best defines

ROME provides a rough estimate of what a project costs before the actual project has started.

Which of the following compares actual and baseline duration?

The process of determining the cost of a project best defines

In fixed duration,the amount of work is a fixed value.

The cost resource variance is the schedule variance due to the difference between budgeted and actual units of resource.

The ratio of earned value to planned value best defines

If the SPI is equal to 1.5,then the project is behind schedule.

Management plan updates are inputs to project control.

Every aspect of a project has a technical dimension and a human dimension.

A resource schedule specifies

An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs.

Describe three common methods employed in estimating costs.

Laboratories used for multiple projects,expendable equipment,and depreciation of laboratory capital equipment are examples of

Which of the following provides the efficiency of the utilization of the resources allocated to the project?

The best estimate of the total cost at the completion of the project best defines

Baseline management focuses on identifying,evaluating,documenting,and managing changes.

CPI is the most important tracking metric in EVA.

Incurred costs that cannot be changed by any decision and that cannot be recovered best defines

If schedule variance is negative,it means it took longer to perform the activity than planned.

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

Unquantifiable costs relating to an identifiable source best defines

ROME provides a rough estimate of what a project costs before the actual project has started.

Which of the following compares actual and baseline duration?

The process of determining the cost of a project best defines

In fixed duration,the amount of work is a fixed value.

The cost resource variance is the schedule variance due to the difference between budgeted and actual units of resource.

The ratio of earned value to planned value best defines

If the SPI is equal to 1.5,then the project is behind schedule.

Management plan updates are inputs to project control.

Every aspect of a project has a technical dimension and a human dimension.

A resource schedule specifies

An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs.

Describe three common methods employed in estimating costs.

Laboratories used for multiple projects,expendable equipment,and depreciation of laboratory capital equipment are examples of

Which of the following provides the efficiency of the utilization of the resources allocated to the project?

The best estimate of the total cost at the completion of the project best defines

Baseline management focuses on identifying,evaluating,documenting,and managing changes.

CPI is the most important tracking metric in EVA.

Incurred costs that cannot be changed by any decision and that cannot be recovered best defines

If schedule variance is negative,it means it took longer to perform the activity than planned.

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