Test
Chapter 7 T/F
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Preguntas del test (30)
11. Overrun is the additional percentage amount by which estimates exceed actual costs.
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22. The primary output of the planning cost management process is a change request.
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33. IT project managers must be able to present and discuss project information both in financial and technical terms
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44. Project managers must conduct cash flow analysis to determine net present value.
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55. Intangible costs can be easily measured in monetary terms.
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66. When deciding what projects to invest in or continue, one should include sunk costs
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77. It is important for project managers to focus on indirect costs because they can be easily controlled.
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88. If an important supplier goes out of business, management reserves can be set aside to cover the resulting costs.
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99. Contingency reserves are also known as unknown unknowns.
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1010. A cost management plan can include organizational procedures links, control thresholds, and process descriptions.
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1111. A budgetary estimate is the most accurate of the three types of estimates
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1212. Budgetary estimates are made even before a project is officially started
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1313. Definitive estimates are made one year or less prior to project completion.
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1414. Estimates should become more accurate as time progresses.
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1515. Supporting details for an estimate include the ground rules and assumptions used in creating the estimate.
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1616. Analogous estimates are called activity-based costing.
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1717. Analogous estimates are the most accurate technique to estimate costs.
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1818. In a bottom-up estimate, the size of the individual work items is one of the factors that drives the accuracy of the
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1919. Parametric models are reliable when the models are flexible in terms of the project’s size.
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2020. One of the reasons why project cost estimates are inaccurate is because human beings are biased toward
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2121. It is important for project managers to understand that every cost estimate is unique
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2222. Determining the budget involves allocating the project cost estimate to individual work items over time.
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2323. The project management plan and project funding requirements are inputs of the process of controlling costs.
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2424. The formulas for variances and indexes start with EV, the earned value.
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2525. If cost variance is a positive number, it means that performing the work costs more than planned.
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2626. A negative schedule variance means that it took lesser than planned to perform the work.
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2727. If the cost performance index (CPI) is less than 100 percent, the project is under budget.
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2828. A schedule performance index of one means that the project is on schedule.
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2929. In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are
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3030. Spreadsheets are a common tool for cost estimating, cost budgeting, and cost control.
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Información
- Descripción
- CIS 4375 Test sobre Chapter 7 T/F, creado por . . el 27/09/2017.
- Autor
- . .
- Idioma
- English
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- 3
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