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M02 Chapter 4
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Exam of 2 pages for the course Biology 101 Ivy Tech Exam Review, Rubenstein. at Biology 101 Ivy Tech Exam Review, Rubenstein. (M02 Chapter 4)
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M02 Chapter 4Work performance information and cost forecasts are main outputs of the _____
process. - ANS-cost control
The _____ theory states that when many items are produced repetitively, the unit cost
of those items decreases in a regular pattern as more units are produced. -
ANS-learning curve
Cost variance is: - ANS-the earned value minus the actual cost.
IT project managers must be able to present and discuss project information both in
financial and technical terms. - ANS-true
Which of the following is true of tangible costs? - ANS-They can be easily measured.
A cost management plan is a subsidiary of the _____ plan. - ANS-project management
Analogous estimates are the most accurate technique to estimate costs. - ANS-false
Overrun is the additional percentage amount by which estimates exceed actual costs. -
ANS-false
One of the main outputs of the _____ process is a cost baseline. - ANS-cost budgeting
The project management plan and project funding requirements are inputs of the
process of controlling costs. - ANS-true
A(n) _____ is a time-phased budget that project managers use to measure and monitor
cost performance. - ANS-cost baseline
The process of controlling costs primarily involves: - ANS-managing changes to the
project budget.
Which of the following is true of a rough order of magnitude estimate? - ANS-It provides
an estimate of what a project will cost.
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