Essay on Costs and Cost Question

Submitted By bilalbress
Words: 910
Pages: 4

A cost estimating technique based on estimating individual work items and summing them to get a project total.
Select one:
a. Analogous Estimates
b. Bottom-Up Estimates
c. Definitive Estimate
d. Parametric Estimate
Question 2
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A document that describes how cost variances will be managed on the project
Select one:
a. Analogous Estimate
b. Cost Management Plan
c. Earned Value Management
d. Estimate at Completion
Question 3
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A time-phased budget that project managers use to measure and monitor cost performance.
Select one:
a. Cost Baseline
b. Cost Budgeting
c. Cost Estimating
d. Cost Variance
Question 4
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An estimate of the value of the physical work actually completed
Select one:
a. Earned Value
b. Earned Value Management
c. Direct Costs
d. Actual Cost
Question 5
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Considers the total cost of ownership, or develpment plus support costs, for a project.
Select one:
a. Learning Curve Theory
b. Life Cycle Costing
c. Parametric Modeling
d. Rate of Performance
Question 6
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Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project.
Select one:
a. Intangible Costs
b. Sunk Cost
c. Tangible Costs
d. Indirect Costs
Question 7
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Dollars included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict.
Select one:
a. Management Reserves
b. Reserves
c. Project Cost Management
d. Cash Flow Analysis
Question 8
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Money that has been spent in the past
Select one:
a. Actual Cost
b. Direct Cost
c. Sunk Cost
d. Indirect Cost
Question 9
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The processes required to ensure that the project is completed within the approved budget.
Select one:
a. Management Reserves
b. Project Cost Management
c. Rate of Performance
d. Planned Value
Question 10
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The ratio between revenues and profits
Select one:
a. Profit Margin
b. Planned Value
c. Profits
d. Actual Costs

Quiz 8th week
In the context of Project Quality Management, a scatter diagram is a
Select one:
a. Quality Control tool or technique
b. Quality Control output
c. Quality Assurance tool or technique
d. Quality Assurance output
e. Quality Planning tool or technique
Question 2
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Quality Assurance is
Select one:
a. Evaluating overall project performance to ensure the project will satisfy the relevant quality standards.
b. Identifying which quality standards are relevant to the project and how to satisfy them.
c. Monitoring specific project results to ensure that they comply with the relevant quality standards while identifying ways to improve overall quality.
d. The graphic display of data that illustrates results of a process over time.
Question 3
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Quality Control is
Select one:
a. Evaluating overall project performance to ensure the project will satisfy the relevant quality standards.
b. Identifying which quality standards are relevant to the project and how to satisfy them.
c. Monitoring specific project results to ensure that they comply with the relevant quality standards while identifying ways to improve overall quality.
d. The graphic display of data that illustrates results of a process over time.
Question 4
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The cost…