Question 1

Contractual agreements with vendors can be managed more conveniently if the unit of measure for partial completion is the same as that used for _____.

Accepted Answer

A)  resource planning 
B)  cost control 
C)  cost budgeting 
D)  cost aggregation 
E)  cost estimating 
A)  resource planning 
B)  cost control 
C)  cost budgeting 
D)  cost aggregation 
E)  cost estimating

Question 2

Define the terms budgeted cost of work performed BCWP), earned value EV), and actual cost AC).

Accepted Answer

The budgeted cost of work performed BCWP

Question 3

If estimates are rarely exceeded, the estimating method need not be reviewed.

Accepted Answer

A) True 
 B)False

Question 4

A positive cost variance indicates the project is under budget.

Accepted Answer

A) True 
 B)False

Question 5

What is a request for proposal RFP)?

Accepted Answer

If services or products will be provided

Contractual agreements with vendors can be managed more conveniently if the unit of measure for partial completion is the same as that used for _____.

Define the terms budgeted cost of work performed BCWP), earned value EV), and actual cost AC).

If estimates are rarely exceeded, the estimating method need not be reviewed.

A positive cost variance indicates the project is under budget.

What is a request for proposal RFP)?

Introduction to Project Management

Project Profiling

Project Phases and Organization

Understanding and Meeting Client Expectations

Working With People on Projects

Communication Technologies

Starting a Project

Project Time Management

Managing Project Quality

Managing Project Risk

Project Procurement and Closure

Filters

Exam 9: Estimating and Managing Costs

Contractual agreements with vendors can be managed more conveniently if the unit of measure for partial completion is the same as that used for _____.

Define the terms budgeted cost of work performed BCWP), earned value EV), and actual cost AC).

If estimates are rarely exceeded, the estimating method need not be reviewed.

A positive cost variance indicates the project is under budget.

What is a request for proposal RFP)?

Introduction to Project Management

Project Profiling

Project Phases and Organization

Understanding and Meeting Client Expectations

Working With People on Projects

Communication Technologies

Starting a Project

Project Time Management

Managing Project Quality

Managing Project Risk

Project Procurement and Closure

Filters