PJMT 2203: Week 6: PM Cost Management

Quiz
•
Business
•
University
•
Medium

Jennifer Labatte
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Chloe is managing a school project and Samuel and Benjamin are part of her team. What should be Chloe's primary concern in terms of project cost management?
D. Managing the risks associated with the project
C. Ensuring the quality of the project outcomes
B. The cost of the resources needed to complete the project activities
A. Managing the time required to complete the project
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Lily, Arjun, and Amelia are working on a school project. What does their resource planning involve?
D. Identifying potential risks for the project
C. Determining the physical resources and quantities needed for project activities
B. Identifying the best time to start the project
A. Determining the best location for the project
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Grace, Aarav, and Rohan are planning to start a new project. Which of the following would be a common cost category they should consider?
D. Development of their product
C. Providing customer service
B. Hiring team members
A. Implementing a marketing strategy
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is included in the direct costs of a project?
D. Indirect costs
C. Equipment costs
A. Operating costs
B. Human resources costs
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Abigail, William, and Ishaan are working on a school project. They are trying to estimate the cost of their project. What does this process involve?
D. Managing the actual changes in cost
A. Identifying and considering various costing alternatives
C. Monitoring cost performance
B. Allocating cost estimates to individual activities
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of cost budgeting in project management?
B. To establish a cost baseline for measuring project performance
A. To identify potential risks for the project
C. To determine the best location for the project
D. To forecast future conditions of the project
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Aiden, Abigail, and Anaya are working on a school project. What should be their main concern regarding cost control in their project management?
A. Influencing factors that create changes to their project schedule
B. Managing the actual changes in their project scope
C. Monitoring their cost performance to detect variances from their plan
D. Identifying potential risks for their project
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Cost Volume Profit Analysis

Quiz
•
University
15 questions
Understanding Business Physical Resources

Quiz
•
12th Grade - University
10 questions
PESTEL Analysis Quiz

Quiz
•
University
13 questions
MCQ OF APPLYING MANAGERIAL ACCOUNTING

Quiz
•
University
15 questions
Introduction to Business

Quiz
•
University
15 questions
Topic 4: Cash flow

Quiz
•
University
10 questions
ACMB333 - T3

Quiz
•
University
15 questions
Unemployment and Inflation

Quiz
•
University
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade