CHAP 7.PRM

The additional percentage or dollar amount by which actual costs exceed estimates is called the cost ____.

• excess
• availability
• completion
• overrun

EVM stands for ____ value management.

• excess
• earned
• eventual
• economic

Project ____ management includes the processes required to ensure that a project team completes a project within an approved budget.

• cost

• time frame

• time frame

• goal

____ planning involves determining what people, equipment, and materials a project team should use to perform project activities and the quantities of each resource.

• Scope
• Cost
• Resource
• Development

The output of the resource planning process is a list of resource ____.

• goals
• requirements
• ideas
• plans

Cost ____ involves developing an approximation of the costs of the resources needed to complete a project.

• budgeting
• control
• estimating
• planning

The main outputs of the cost estimating process are cost estimates, ____ detail, and a cost management plan.

• development
• budget
• scope
• supporting

Cost ____ involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.

• budgeting
• analysis
• control
• estimating

The main output of the cost budgeting process is a cost ____.

• graph
• baseline
• analysis
• estimate

The main outputs of the cost control process are revised cost estimates, budget ____, corrective action, estimate at completion, and lessons learned.

• charts
• timelines
• updates
• goals