Unit 5.0: Project Cost Management Review - Mac
Authored by Tanya McCrimmon
Business
9th - 12th Grade
Used 6+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the purpose of estimating costs for a budget?
To analyze project performance over time
To influence and manage changes related to cost
To calculate the cost estimate for each activity
To determine the total project budget amount
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the Cost of Quality (COQ) used for in preparing the activity cost estimate?
To calculate the cost estimate for each activity
To determine the total project budget amount
To analyze project performance over time
To make assumptions about costs of quality
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the Cost performance baseline used for?
To determine the total project budget amount
To analyze project performance over time
To calculate the cost estimate for each activity
To measure, monitor, and control overall cost performance on the project
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the purpose of Earned Value Management (EVM)?
To analyze project performance over time
To determine the total project budget amount
To assess and measure project performance and progress
To calculate the cost estimate for each activity
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does the Schedule Variance (SV) measure?
Schedule performance of a project
Projection of cost performance that must be achieved on the remaining work
Progress achieved compared to progress planned on a project
Cost performance on a project
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does the Cost Variance (CV) measure?
Projection of cost performance that must be achieved on the remaining work
Progress achieved compared to progress planned on a project
Cost performance on a project
Schedule performance of a project
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the purpose of Performance Reviews in cost control?
To compare the cost performance over time
To compare the schedule activities or work packages
To examine project performance over time
To compare the baseline plan to actual schedule and cost performance
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