jgh
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Although information technology projects have a poor track record in meeting project goals, they have a good track record in meeting budget goals.Answer
Selected Answer:False
Correct Answer:False
Question 20 out of 0 points
When deciding what projects to invest in or continue, you should include sunk costs.Answer
Selected Answer:True
Correct Answer:False
Question 30 out of 0 points
____ involves developing an approximation or estimate of the costs of the resources needed to complete a project.Answer
Selected Answer: Consolidation of costs
Correct Answer: Estimating costs
Question 40 out of 0 points
Parametric models are least reliable when historical information was used to create the model.Answer
Selected Answer:[None Given]
Correct Answer:False
Question 50 out of 0 points
Since organizations depend on reliable information technology, there are also huge costs associated with ____.Answer
Selected Answer: downtime
Correct Answer: downtime
Question 60 out of 0 points
The ____ is an estimate of what it will cost to complete the project based on performance to date.Answer
Selected Answer: [None Given]
Correct Answer: EAC
Question 70 out of 0 points
A ____ is used for making many purchasing decisions for which accurate estimates are required and for estimating final project costs.Answer
Selected Answer: [None Given]
Correct Answer: definitive estimate
Question 80 out of 0 points
If the cost estimate will be the basis for contract awards and performance reporting, it should be a ____ and as accurate as possible.Answer
Selected Answer: [None Given]
Correct Answer: definitive estimate
Question 90 out of 0 points
The cost management plan is part of the overall project management plan.Answer
Selected Answer:[None Given]
Correct Answer:True
Question 100 out of 0 points
____ involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.Answer
Selected Answer: [None Given]
Correct Answer: Determining the budget
Question 110 out of 0 points
Project managers should focus on ____, since they can control them.Answer
Selected Answer: [None Given]
Correct Answer: direct costs
Question 120 out of 0 points
There does not need to be a change control system to define procedures for changing the cost baseline.Answer
Selected Answer:[None Given]
Correct Answer:False
Question 130 out of 0 points
____ allow for future situations that are unpredictable.Answer
Selected Answer: [None Given]
Correct Answer: Management reserves
Question 140 out of 0 points
____ includes the processes required to ensure that a project team completes a project within an approved budget.Answer
Selected Answer: [None Given]
Correct Answer: Project cost management