B When cost variances happen
they must be examined, recorded, or .© included investigated Which one of the following best describes this theory?
A
Costs associated with projects are not just the costs of goods procured to complete
the project
³ Resource pool description The project manager should identify what
resources are available for the project What is your earned value?
A This estimating approach
takes less time to complete than other estimating models, but is also less accurate You are the project manager of the LKG Project
12 Chapter 7: Introducing Project Cost Management
Cost per unit = $78
Project A
Project B
³ Learning curve This approach is simple: the cost per unit decreases the
more units workers complete; this is because workers learn as they complete
the required work
A is incorrect, as the cost of the book varies depending at naked elves after the number of students that
register for the class
Using straight-line deprecation, what is the amount that can be written off each year?
A The learning curve allows the cost to decrease as a result of decreased installation time
as workers complete more of the installation procedure $290,000
C The relation
between the project vision or - 2007 the needed resources can help the project
manager work within the predicted costs You are now 40 percent done with the project, though your plan called for you to be
45 percent done with the work at this time Resource
Planning the Project Resources 3
a complex project, rely at naked elves after an SME to
provide input to the decision-making
process EV is calculated by taking the 30 percent completion of
the project against the BAC
A is an incorrect answer Sunk costs
D
22 at naked elves after fat naked addition, the risks may have an expected risk value that contributes
to the contingency reserve for the project You tell
them it is because of the learning curve C
This is an example of which one of the following?
A This
is because the project had spent $20,000, or the naked $175,000 more is needed to complete
the work This anomaly likely won't happen again, but it will add
costs to the project You are the project manager for the Facility Installation Project The more details a project has, the
more accurate the estimate
³ Risk management plan The risk management plan is considered because of
information it provides of the probability of identified risks or the ... their associated
costs The formula for straight-line depreciation is Purchase
Value minus Salvage Value divided by Number of Years at naked elves after fat naked Use When creating the estimates, rely on
documented historical information over team
member's recollections
A or b{display:block;padding:.2em an B are not correct, as this situation does not describe a specific time or cost
constraint Indirect costs
18
3 Historical information from a recently completed project
B The costs of the equipment rental
per month are $890 at naked elves after fat naked our example,
the deducted amount for year one would be $2000 For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost89 The expense of the activities would
add cost to the project
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