Question 1

The ____ is the total direct and indirect costs incurred in accomplishing work on an activity during a given period.

Accepted Answer

A) AC 
B) EV 
C) RP 
D) PV 
A) AC 
B) EV 
C) RP 
D) PV

Question 2

The main outputs of the ____________________ process are activity cost estimates,basis of estimates,and project document updates.

Accepted Answer

The answer of The main outputs of the ____________________ process...

Question 3

Although information technology projects have a poor track record in meeting project goals,they have a good track record in meeting budget goals.

Accepted Answer

A) True 
 B)False

Question 4

____ helps you develop an accurate projection of a project's financial costs and benefits.

Accepted Answer

A) Profit cycle costing 
B) Financial costing 
C) Life cycle costing 
D) Profit margin costing 
A) Profit cycle costing 
B) Financial costing 
C) Life cycle costing 
D) Profit margin costing

Question 5

Most organizations have a well-established process for preparing budgets.

Accepted Answer

A) True 
 B)False

Question 6

____ is the earned value minus the planned value.

Accepted Answer

A) SV 
B) CV 
C) CPI 
D) SPI 
A) SV 
B) CV 
C) CPI 
D) SPI

Question 7

The Standish Group's CHAOS studies reported an average cost overrun for unsuccessful IT projects ranged from 180 percent in 1994 to ____ percent in 2004.

Accepted Answer

A) 28 
B) 43 
C) 56 
D) 73 
A) 28 
B) 43 
C) 56 
D) 73

Question 8

The ____ is the ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity.

Accepted Answer

A) AC 
B) EV 
C) RP 
D) PV 
A) AC 
B) EV 
C) RP 
D) PV

Question 9

The ____ is an estimate of what it will cost to complete the project based on performance to date.

Accepted Answer

A) CPI 
B) SV 
C) EAC 
D) SPI 
A) CPI 
B) SV 
C) EAC 
D) SPI

Question 10

____ is the ratio of revenues to profits.

Accepted Answer

A) Profit 
B) Profit margin 
C) Cost structure 
D) Cost margin 
A) Profit 
B) Profit margin 
C) Cost structure 
D) Cost margin

Question 11

____ use the actual cost of a previous,similar project as the basis for estimating the cost of the current project.

Accepted Answer

A) Actual estimates 
B) Parametric estimates 
C) Bottom-up estimates 
D) Analogous estimates 
A) Actual estimates 
B) Parametric estimates 
C) Bottom-up estimates 
D) Analogous estimates

Question 12

Learning curve theory does not apply to the amount of time it takes to complete some tasks.

Accepted Answer

A) True 
 B)False

Question 13

Preparing cost estimates is a job for accountants.

Accepted Answer

A) True 
 B)False

Question 14

What are tangible,intangible,direct and indirect costs? Give examples of each.

Accepted Answer

Tangible and intangible costs and benefi

Question 15

A(n)____________________ is a document that describes how the organization will manage cost variances on the project.

Accepted Answer

cost manag

Question 16

Variances are calculated by subtracting the actual cost or planned value from ____.

Accepted Answer

A) EV 
B) AC 
C) PV 
D) RP 
A) EV 
B) AC 
C) PV 
D) RP

Question 17

A(n)____ might provide an estimate of $50 per line of code for a software development project based on the programming language the project is using,the level of expertise of the programmers,the size and complexity of the data involved,and so on.

Accepted Answer

A) analogous cost estimate 
B) parametric model 
C) bottom-up estimate 
D) reserve analysis 
A) analogous cost estimate 
B) parametric model 
C) bottom-up estimate 
D) reserve analysis

Question 18

The main goal of the ____ process is to produce a cost baseline for measuring project performance and project funding requirements.

Accepted Answer

A) cost budgeting 
B) cost consolidation 
C) cost control 
D) cost estimating 
A) cost budgeting 
B) cost consolidation 
C) cost control 
D) cost estimating

Question 19

____ is a project performance measurement technique that integrates scope,time,and cost data.

Accepted Answer

A) Cost baseline 
B) Earned value management 
C) Constructive cost modeling 
D) Parametric modeling 
A) Cost baseline 
B) Earned value management 
C) Constructive cost modeling 
D) Parametric modeling

Question 20

A large percentage of total project costs are often labor costs.

Accepted Answer

A) True 
 B)False

The ____ is the total direct and indirect costs incurred in accomplishing work on an activity during a given period.

The main outputs of the ____________________ process are activity cost estimates,basis of estimates,and project document updates.

Although information technology projects have a poor track record in meeting project goals,they have a good track record in meeting budget goals.

____ helps you develop an accurate projection of a project's financial costs and benefits.

Most organizations have a well-established process for preparing budgets.

____ is the earned value minus the planned value.

The Standish Group's CHAOS studies reported an average cost overrun for unsuccessful IT projects ranged from 180 percent in 1994 to ____ percent in 2004.

The ____ is the ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity.

The ____ is an estimate of what it will cost to complete the project based on performance to date.

____ is the ratio of revenues to profits.

____ use the actual cost of a previous,similar project as the basis for estimating the cost of the current project.

Learning curve theory does not apply to the amount of time it takes to complete some tasks.

Preparing cost estimates is a job for accountants.

What are tangible,intangible,direct and indirect costs? Give examples of each.

A(n)____________________ is a document that describes how the organization will manage cost variances on the project.

Variances are calculated by subtracting the actual cost or planned value from ____.

A(n)____ might provide an estimate of $50 per line of code for a software development project based on the programming language the project is using,the level of expertise of the programmers,the size and complexity of the data involved,and so on.

The main goal of the ____ process is to produce a cost baseline for measuring project performance and project funding requirements.

____ is a project performance measurement technique that integrates scope,time,and cost data.

A large percentage of total project costs are often labor costs.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Risk Management

Project Procurement Management

Filters

Exam 7: Project Cost Management

The ____ is the total direct and indirect costs incurred in accomplishing work on an activity during a given period.

The main outputs of the ____________________ process are activity cost estimates,basis of estimates,and project document updates.

Although information technology projects have a poor track record in meeting project goals,they have a good track record in meeting budget goals.

____ helps you develop an accurate projection of a project's financial costs and benefits.

Most organizations have a well-established process for preparing budgets.

____ is the earned value minus the planned value.

The Standish Group's CHAOS studies reported an average cost overrun for unsuccessful IT projects ranged from 180 percent in 1994 to ____ percent in 2004.

The ____ is the ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity.

The ____ is an estimate of what it will cost to complete the project based on performance to date.

____ is the ratio of revenues to profits.

____ use the actual cost of a previous,similar project as the basis for estimating the cost of the current project.

Learning curve theory does not apply to the amount of time it takes to complete some tasks.

Preparing cost estimates is a job for accountants.

What are tangible,intangible,direct and indirect costs? Give examples of each.

A(n)____________________ is a document that describes how the organization will manage cost variances on the project.

Variances are calculated by subtracting the actual cost or planned value from ____.

A(n)____ might provide an estimate of $50 per line of code for a software development project based on the programming language the project is using,the level of expertise of the programmers,the size and complexity of the data involved,and so on.

The main goal of the ____ process is to produce a cost baseline for measuring project performance and project funding requirements.

____ is a project performance measurement technique that integrates scope,time,and cost data.

A large percentage of total project costs are often labor costs.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Risk Management

Project Procurement Management

Filters