Project Cost Management Quiz - Topic 7

Project Cost Management Quiz - Topic 7

University

73 Qs

quiz-placeholder

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Project Cost Management Quiz - Topic 7

Project Cost Management Quiz - Topic 7

Assessment

Quiz

Information Technology (IT)

University

Practice Problem

Hard

Created by

Huyền Đặng

Used 1+ times

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73 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Although information technology projects have a poor track record in meeting schedule goals, they have a great track record in meeting budget goals.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs are often measured in monetary amounts, such as dollars, that must be paid to acquire goods and services.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many principles of cost management are unique to project management.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most executives are more concerned with profits than with other issues.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Top management and project managers should never be concerned with the life cycle costs of projects when they make financial decisions.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is much more cost-effective to spend money doing early testing on information technology projects than to wait for problems to appear after implementation.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labor costs are usually a small percentage of total project costs.

True

False

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