PMP Questions ID 1390 costs incurred in one area of a project can offset costs in another area of the same project how

Costs incurred in one area of a project can offset costs in another area of the same project. However, it is not enough to consider only the costs of project execution when making project decisions. What other costs external to the project must also be considered?

Select one

Planning costs

Costs of conformance

Operating costs

Initiating costs

PMP Question No 1389 - Cost

Megawatt is estimating the expected cost of a new ERP system deployment project using the actual costs of an earlier similar ERP system deployment project as the basis for the cost. This is what type of estimating?

Select one

Analogous

Bottom-up

Expert Judgment

Parametric

Answer

PMP Question No 1361 - Cost

The Earned Value Management methodology can be used to:

Select one

Forecast future performance based on current performance

Calculate the number of days left in the project

Calculate the value provided to the customer

Calculate the profitability of the project

Answer

PMP Question No 1360 - Cost

Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:

Select one

Funding Limit Reconciliation

Disbursement Reconciliation

Expenditure Reconciliation

Budget Reconciliation

Answer

PMP Question No 1352 - Cost

Which of these are not inputs to the Determine Budget process?

Select one

Cost baseline, requirements traceability matrix

Scope baseline, agreements

Basis of estimates, cost estimates

Risk register, resource management plan

Answer