Project Scheduling and Budget Pre Test BIT

What factors determine the project schedule and budget?

• Tasks and estimated time only

• Sequencing of activities and estimated time

• Activities, estimated time, and resource costs

• Sequencing of activities, estimated time, and iterations

Which factor might still be required despite meticulous planning in project scheduling and budgeting?

• Task Sequencing

• Iterations

• Resource Allocations

• Cost Estimation

What is the primary goal when creating a project schedule and budget?

• Maximizing resource allocation

• Minimizing the number of activities

• Focusing solely on task sequencing

• Achieving a realistic schedule and budget

This chart is an example of project scheduling tools, what name of this chart?

• Pie Chart

• Line Chart

• Gantt Chart

• Bar Chart

What type relationship of Precedence Diagramming Method (PDM) of this picture :

• Finish-to-Start

• Start-to-Start

• Finish-to-Finish

• Start-to-Finish

What type relationship of Precedence Diagramming Method (PDM) of this picture :

• Finish-to-Start

• Start-to-Start

• Finish-to-Finish

• Start-to-Finish

Which cost category includes expenses for rent, utilities, and insurance?

• Direct Cost

• Indirect Cost

• Sunk Cost

• Learning Curve

What type of costs are incurred prior to the project and may result from restarting a failed attempt?

• Direct Cost

• Indirect Cost

• Sunk Cost

• Learning Curve

What defines the direct cost of labor or other resources?

• Direct Cost

• Indirect Cost

• Sunk Cost

• Learning Curve

Which cost concept emphasizes the idea that there is a cost associated with the utilization of a resource?

• Prorated Cost

• Indirect Cost

• Sunk Cost

• Learning Curve