answers to HW mcq_ch07 - Chapter 7 Project Cost Management...

This preview shows page 1 - 2 out of 5 pages.

Chapter 7: Project Cost Management MULTIPLE CHOICE 1 . _____ includes the processes required to ensure that a project team completes a project within an ap- proved budget. a. Project scope management c. Project time management b. Project quality management d. Project cost management
2 . Which of the following involves developing an approximation of the costs of resources needed to com- plete a project?
3 . _____ involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.
4 . One of the main outputs of the _____ process is a cost baseline.
5 . The process of controlling costs primarily involves: a. determining the policies for project costs. c. finalising the procedures for project costs. b. managing changes to the project budget . d. determining a basis for estimates.
6 . Work performance information and cost forecasts are main outputs of the _____ process.
7 . Profits may be defined as:
8 . _____ helps develop an accurate projection of a project’s financial expenses and benefits.
9 . _____ is a method for determining the estimated annual costs and benefits for a project. a. Critical path analysis c. Present value analysis b. Cash flow analysis d. Requirements analysis

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture