PM W5 C4.1

Travel is part of the elements in Estimate Activity Costs

• True

• False

Tick (/) 3 elements for Estimate Activity Costs

• Subcontractors and consultants

• Labors

• Facilities

• Time

Distributing the cost of the work package over the duration of the work package is actually the 1st step of the project budgeting process.

• True

• False

"Establish a TBC for each work package". The TBC mentioned is refer to

• To Be Consider

• To Be Continue

• Total Budgeted Cost

• Typical Budgeted Cost

Tick (/) 2 of the correct cost-related measures to analyze Cost Performance

• CAC – cumulative actual cost

• COC – cumulative overall cost

• TCC – Total Current Cost

• CEV – cumulative earned value

The formula for Cost variance =

Cumulative earned value – Cumulative actual cost

(CV = CEV – CAC)

• True

• False