Status Finished
Started Tuesday, 15 April 2025, 3:57 PM
Completed Tuesday, 15 April 2025, 4:07 PM
Duration 10 mins 23 secs
Grade 10.0 out of 10.0 (100%)
Feedback Well done. You have answered all of the questions correctly. This outcome has been noted and will form a part of your
participation score.
Question 1
Complete
Mark 2.0 out of 2.0
Within the context related to this question within the Topic 5 lecture, select the option that is most correct.
Select one:
1.
'TC' is an acronym for Turnover Costs, which refer to general costs related to transitioning equipment from the testing to the
operational environment, whereas 'IC' is used to define specific Installation Costs related to Set To Work (STW) activities.
2. 'TC' is a term used to define the Transfer Costs, which are related to transferring equipment between projects, whereas 'IC' stands for
Internal Costs, such as those related to hiring staff from within the company to complete the project.
3. 'TC' refers to Tangible Costs, which are costs that are readily measured, whereas 'IC' stands for Intangible Costs (such as many of the
costs associated with creating good morale), which are often difficult to quantify.
4.
'TC' refers to Termination Costs, which is the money that has already been spent at the time of project termination, whereas the term
'IC' is used to define Initial Costs, which refers to the money that has been spent for initiating the project.
Your answer is correct. Well done. Please remember these terms. They are widely used in the industry.
Question 2
Complete
Mark 1.0 out of 1.0
Within the context specified in the presentation, answer True or False to the question that was posed.
Select one:
True
False
You are correct. The statement in Question 2 is True. It is common to include contingency as a percentage within the project cost baseline.
On the other hand, Management reserves are most often kept separate.
Started Tuesday, 15 April 2025, 3:57 PM
Completed Tuesday, 15 April 2025, 4:07 PM
Duration 10 mins 23 secs
Grade 10.0 out of 10.0 (100%)
Feedback Well done. You have answered all of the questions correctly. This outcome has been noted and will form a part of your
participation score.
Question 1
Complete
Mark 2.0 out of 2.0
Within the context related to this question within the Topic 5 lecture, select the option that is most correct.
Select one:
1.
'TC' is an acronym for Turnover Costs, which refer to general costs related to transitioning equipment from the testing to the
operational environment, whereas 'IC' is used to define specific Installation Costs related to Set To Work (STW) activities.
2. 'TC' is a term used to define the Transfer Costs, which are related to transferring equipment between projects, whereas 'IC' stands for
Internal Costs, such as those related to hiring staff from within the company to complete the project.
3. 'TC' refers to Tangible Costs, which are costs that are readily measured, whereas 'IC' stands for Intangible Costs (such as many of the
costs associated with creating good morale), which are often difficult to quantify.
4.
'TC' refers to Termination Costs, which is the money that has already been spent at the time of project termination, whereas the term
'IC' is used to define Initial Costs, which refers to the money that has been spent for initiating the project.
Your answer is correct. Well done. Please remember these terms. They are widely used in the industry.
Question 2
Complete
Mark 1.0 out of 1.0
Within the context specified in the presentation, answer True or False to the question that was posed.
Select one:
True
False
You are correct. The statement in Question 2 is True. It is common to include contingency as a percentage within the project cost baseline.
On the other hand, Management reserves are most often kept separate.
