Equipment costs in the project costs estimate are for

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PROJ 600 QUIZ

Question 11   1 .
 When the budgets for all the work packages are summed , they should exceed the amount of funds available .
 they can not exceed the total project budgeted cost .
 if the total is too high then the amounts should be force - fitted into the customer 's budget .
 if the total is too low then extra non-project expenses should be added .
Question 12   1 . Equipment costs in the
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Question 13   1 . The budget for each work package is
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Question 14   1 . Labor costs in the project costs estimate are the estimated costs for the various types or classifications of ___________ and are based on the estimated work time ( not necessarily the same as the activity estimated duration ) and the dollar labor rate for each .
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Question 15   1 . There are two approaches to establishing the total budgeted cost for each work package :
 top - down and bottom - up .
 horizontal and vertical .
 committed and actual .
 aggregated and disaggregated .
Question 16   1 . 1 . The major of the project budget is expended upon :
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1 .   The major of the project budget is expended upon :
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Question 17   1 . The _ ____ is the sum of the estimated costs of all the specific activities that make up a work package or the project .
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Question 12 1.Equipment costs in the project costs estimate are for equipment that the organization wants to have.that is the latest upgrade, even if not needed for the project.that must be purchased as part of the project.needed by others in the organization that may not be assigned to the project.
10 points Question 13 1.The budget for each work package is
10 points
Question 14 1.Labor costs in the project costs estimate are the estimated costs for the various types or classifications of ___________ and are based on the estimated work time (not necessarily the same as the activity estimated duration) and the dollar labor rate for each.
10 points Question 15 1.There are two approaches to establishing the total budgeted cost for each work package:
10 points Question 16 1.1. The major of the project budget is expended upon: A. Project plan developmentB. Project plan executionC. Project terminationD. Project communication
10 points
Question 17 1.The _____ is the sum of the estimated costs of all the specific activities that make up a work package or the project.

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