SCMA 350 Chapter 9 Questions with Correct
Answers
All of the following are among the benefits realized as a consequence of developing a
cost management plan EXCEPT:
a. It shows how to develop and share relevant, accurate and timely information that
stakeholders can use to make intelligent and ethical decisions.
b. It documents how the business case should be created
c. It helps stakeholders to focus on schedule and performance as well as cost.
d. It provides feedback that shows how the project's success is related to business
objectives.
b. It documents how the business case should be created
The process of developing an approximation of the cost of the monetary resources
needed to complete project activities is known as:
a. capital budgeting.
b. estimate resources.
c. estimate cost.
d. activity resourcing.
c. estimate cost.
Projects often include indirect costs that are not associated directly with one specific
project. Which of the following items are most typically considered to be indirect costs?
a. costs associated with material and purchased parts
, b. the cost of labor provided by project team members, consultants and subcontractors
c. executive salaries, utilities and insurance
d. travel cost for the project team
c. executive salaries, utilities and insurance
Costs that repeat as project work continues such as writing code are appropriately
classified as:
a. fixed costs.
b. indirect costs.
c. nonrecurring costs.
d. recurring costs
d. recurring costs
What type of cost is incurred when a project must be conducted faster than normal, and
overtime for workers and / or extra charges for rapid delivery from suppliers are
necessary?
a. marginal costs
b. expedited costs
c. nonrecurring costs
d. variable costs.
b. expedited costs
Which of the following terms best describes a provision in the project management plan
to mitigate cost and / or schedule risk?
Answers
All of the following are among the benefits realized as a consequence of developing a
cost management plan EXCEPT:
a. It shows how to develop and share relevant, accurate and timely information that
stakeholders can use to make intelligent and ethical decisions.
b. It documents how the business case should be created
c. It helps stakeholders to focus on schedule and performance as well as cost.
d. It provides feedback that shows how the project's success is related to business
objectives.
b. It documents how the business case should be created
The process of developing an approximation of the cost of the monetary resources
needed to complete project activities is known as:
a. capital budgeting.
b. estimate resources.
c. estimate cost.
d. activity resourcing.
c. estimate cost.
Projects often include indirect costs that are not associated directly with one specific
project. Which of the following items are most typically considered to be indirect costs?
a. costs associated with material and purchased parts
, b. the cost of labor provided by project team members, consultants and subcontractors
c. executive salaries, utilities and insurance
d. travel cost for the project team
c. executive salaries, utilities and insurance
Costs that repeat as project work continues such as writing code are appropriately
classified as:
a. fixed costs.
b. indirect costs.
c. nonrecurring costs.
d. recurring costs
d. recurring costs
What type of cost is incurred when a project must be conducted faster than normal, and
overtime for workers and / or extra charges for rapid delivery from suppliers are
necessary?
a. marginal costs
b. expedited costs
c. nonrecurring costs
d. variable costs.
b. expedited costs
Which of the following terms best describes a provision in the project management plan
to mitigate cost and / or schedule risk?
