PJMT 2203: Week 6: PM Cost Management

PJMT 2203: Week 6: PM Cost Management

University

10 Qs

quiz-placeholder

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PJMT 2203: Week 6: PM Cost Management

PJMT 2203: Week 6: PM Cost Management

Assessment

Quiz

Business

University

Medium

Created by

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

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