Question 1

Identify three opportunities created by embracing scope creep.

Accepted Answer

Opportunities include clients can figure

Question 2

Project costs do not contribute to the profit of an organization.

Accepted Answer

A) True 
 B)False

Question 3

A set of approval stages that are required to change the attribute of a configuration item best describes

Accepted Answer

A) quality process analysis. 
B) quality assurance. 
C) cost monitoring. 
D) configuration change control. 
A) quality process analysis. 
B) quality assurance. 
C) cost monitoring. 
D) configuration change control.

Question 4

A negative cost variance indicates the project is over budget.

Accepted Answer

A) True 
 B)False

Question 5

Sunk costs are entirely linked to the production of the final product.

Accepted Answer

A) True 
 B)False

Question 6

A process of tracking,reviewing,and regulating the progress of a project to meet the performance objectives defined in the project management plan best defines

Accepted Answer

A) monitoring and controlling of project. 
B) determining quality standards. 
C) managing and controlling quality. 
D) defining and monitoring roles and authority. 
A) monitoring and controlling of project. 
B) determining quality standards. 
C) managing and controlling quality. 
D) defining and monitoring roles and authority.

Question 7

Resource planning steps include

Accepted Answer

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

Question 8

Costs that are primarily indirect costs associated with project implementation best defines

Accepted Answer

A) fixed costs. 
B) overhead costs. 
C) implementation costs. 
D) general and administrative costs. 
A) fixed costs. 
B) overhead costs. 
C) implementation costs. 
D) general and administrative costs.

Question 9

The estimate required to complete the project if the project performance continues at this rate best defines

Accepted Answer

A) duration rate. 
B) schedule variance. 
C) variance at completion. 
D) estimate to complete. 
A) duration rate. 
B) schedule variance. 
C) variance at completion. 
D) estimate to complete.

Question 10

Any material and labor costs that are necessary to complete a project,but do not become an actual part of the final project defines

Accepted Answer

A) nonspecific costs. 
B) flexible costs. 
C) indirect costs. 
D) relaxed costs. 
A) nonspecific costs. 
B) flexible costs. 
C) indirect costs. 
D) relaxed costs.

Question 11

A RUE value above 1 indicates that the resources allocated to a project are not efficiently utilized.

Accepted Answer

A) True 
 B)False

Question 12

Costs that vary in direct proportion to changes in the level of project activities best defines

Accepted Answer

A) variable costs. 
B) fixed costs. 
C) flexible costs. 
D) nonspecific costs. 
A) variable costs. 
B) fixed costs. 
C) flexible costs. 
D) nonspecific costs.

Question 13

The total span of active working time that is required to complete an activity best defines

Accepted Answer

A) schedule variance. 
B) duration. 
C) earned value. 
D) work variance. 
A) schedule variance. 
B) duration. 
C) earned value. 
D) work variance.

Question 14

Resource allocation adjustments become less expensive later on in a project.

Accepted Answer

A) True 
 B)False

Question 15

The baseline budgeted cost best defines

Accepted Answer

A) earned value. 
B) planned value. 
C) budget at completion. 
D) cost variance. 
A) earned value. 
B) planned value. 
C) budget at completion. 
D) cost variance.

Question 16

A potential benefit given up when one activity is selected over another best defines

Accepted Answer

A) sunk costs. 
B) variable costs. 
C) opportunity costs. 
D) reflective costs. 
A) sunk costs. 
B) variable costs. 
C) opportunity costs. 
D) reflective costs.

Question 17

Losses of productivity and customer goodwill are examples of tangible costs.

Accepted Answer

A) True 
 B)False

Question 18

The actual amount spent in completing the work accomplished within a given time period best defines

Accepted Answer

A) fixed costs. 
B) actual costs. 
C) designated costs. 
D) earned value costs. 
A) fixed costs. 
B) actual costs. 
C) designated costs. 
D) earned value costs.

Question 19

Outputs from the cost management process include each of the followingexcept

Accepted Answer

A) detailed system specifications. 
B) budget updates. 
C) lessons learned. 
D) revised cost estimates. 
A) detailed system specifications. 
B) budget updates. 
C) lessons learned. 
D) revised cost estimates.

Question 20

Deviation from an original plan best defines

Accepted Answer

A) scope deviation. 
B) variance. 
C) design creep. 
D) silver bullet syndrome. 
A) scope deviation. 
B) variance. 
C) design creep. 
D) silver bullet syndrome.

Identify three opportunities created by embracing scope creep.

Project costs do not contribute to the profit of an organization.

A set of approval stages that are required to change the attribute of a configuration item best describes

A negative cost variance indicates the project is over budget.

Sunk costs are entirely linked to the production of the final product.

A process of tracking,reviewing,and regulating the progress of a project to meet the performance objectives defined in the project management plan best defines

Resource planning steps include

Costs that are primarily indirect costs associated with project implementation best defines

The estimate required to complete the project if the project performance continues at this rate best defines

Any material and labor costs that are necessary to complete a project,but do not become an actual part of the final project defines

A RUE value above 1 indicates that the resources allocated to a project are not efficiently utilized.

Costs that vary in direct proportion to changes in the level of project activities best defines

The total span of active working time that is required to complete an activity best defines

Resource allocation adjustments become less expensive later on in a project.

The baseline budgeted cost best defines

A potential benefit given up when one activity is selected over another best defines

Losses of productivity and customer goodwill are examples of tangible costs.

The actual amount spent in completing the work accomplished within a given time period best defines

Outputs from the cost management process include each of the followingexcept

Deviation from an original plan best defines

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

Identify three opportunities created by embracing scope creep.

Project costs do not contribute to the profit of an organization.

A set of approval stages that are required to change the attribute of a configuration item best describes

A negative cost variance indicates the project is over budget.

Sunk costs are entirely linked to the production of the final product.

A process of tracking,reviewing,and regulating the progress of a project to meet the performance objectives defined in the project management plan best defines

Resource planning steps include

Costs that are primarily indirect costs associated with project implementation best defines

The estimate required to complete the project if the project performance continues at this rate best defines

Any material and labor costs that are necessary to complete a project,but do not become an actual part of the final project defines

A RUE value above 1 indicates that the resources allocated to a project are not efficiently utilized.

Costs that vary in direct proportion to changes in the level of project activities best defines

The total span of active working time that is required to complete an activity best defines

Resource allocation adjustments become less expensive later on in a project.

The baseline budgeted cost best defines

A potential benefit given up when one activity is selected over another best defines

Losses of productivity and customer goodwill are examples of tangible costs.

The actual amount spent in completing the work accomplished within a given time period best defines

Outputs from the cost management process include each of the followingexcept

Deviation from an original plan best defines

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