Multiple Choice Project Management with All Correct
& 100% Verified Answers |Latest Update |Already
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Project cost management includes all of the following functions except ✔Correct Answer-Resource
leveling
What is a sunk cost? ✔Correct Answer-The cost of a failed project
Life cycle costing: ✔Correct Answer-Is a method of including all of the costs associated with the
project over its entire life
A parametric cost estimate: ✔Correct Answer-b and c (Is a top down estimating technique & Is a
statistical estimating technique)
"Earned value" can best be defined as: ✔Correct Answer-The actual cost of work performed
(ACWP) minus the budgeted cost of work performed (BCWP)
The cost performance index (CPI) is: ✔Correct Answer-Earned value divided by actual cost
The project is considered on schedule if: ✔Correct Answer-Schedule performance index (SPI) is
one or 100 percent
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000, and the
actual cost (AC) was 71,00, what is the schedule variance (SV)? ✔Correct Answer--5,000
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000 and the
actual cost (AC) was 71,000, what is the cost performance index? ✔Correct Answer-1.056
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000 and the
actual cost (AC) was 71,000, what is the cost variance (CV)? ✔Correct Answer-+4,000
Quality management deals with the following except: ✔Correct Answer-Making the product more
desirable and luxurious
Quality assurance: ✔Correct Answer-Is an auditing function that provides feedback to the project
team and client about the quality of the output being produced
Following the methods used in Japan for quality control, Japan has improved quality dramatically in
the last thirty years. Which of the following is not one of the reasons for this improvement?
✔Correct Answer-Focusing quality control effort on system output
Fishbone diagrams are used to: ✔Correct Answer-Help find the root cause of quality problems
One of the fundamental belief of quality management is that quality: ✔Correct Answer-Is planned
in, not inspected in
& 100% Verified Answers |Latest Update |Already
Graded A+
Project cost management includes all of the following functions except ✔Correct Answer-Resource
leveling
What is a sunk cost? ✔Correct Answer-The cost of a failed project
Life cycle costing: ✔Correct Answer-Is a method of including all of the costs associated with the
project over its entire life
A parametric cost estimate: ✔Correct Answer-b and c (Is a top down estimating technique & Is a
statistical estimating technique)
"Earned value" can best be defined as: ✔Correct Answer-The actual cost of work performed
(ACWP) minus the budgeted cost of work performed (BCWP)
The cost performance index (CPI) is: ✔Correct Answer-Earned value divided by actual cost
The project is considered on schedule if: ✔Correct Answer-Schedule performance index (SPI) is
one or 100 percent
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000, and the
actual cost (AC) was 71,00, what is the schedule variance (SV)? ✔Correct Answer--5,000
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000 and the
actual cost (AC) was 71,000, what is the cost performance index? ✔Correct Answer-1.056
In a software project, the planned value (PV) was 80,000, the earned value (EV) was 75,000 and the
actual cost (AC) was 71,000, what is the cost variance (CV)? ✔Correct Answer-+4,000
Quality management deals with the following except: ✔Correct Answer-Making the product more
desirable and luxurious
Quality assurance: ✔Correct Answer-Is an auditing function that provides feedback to the project
team and client about the quality of the output being produced
Following the methods used in Japan for quality control, Japan has improved quality dramatically in
the last thirty years. Which of the following is not one of the reasons for this improvement?
✔Correct Answer-Focusing quality control effort on system output
Fishbone diagrams are used to: ✔Correct Answer-Help find the root cause of quality problems
One of the fundamental belief of quality management is that quality: ✔Correct Answer-Is planned
in, not inspected in
