PMP Questions ID 1813 a project manager is estimating project costs and needs to decide whether the estimates will incl

A project manager is estimating project costs and needs to decide whether the estimates will include direct costs only or include indirect costs, as well. In which of the following phases does this decision need to take place?

Select one

Estimate Costs

Plan Expenses

Define Scope

Determine Budget

PMP Question No 1802 - Cost

Sally, a project manager, was reconciling expenditure of funds with funding limits on the commitment of funds for the project. She found a large variance between the funding limits and planned expenditures. As a result, she decided to reschedule work to level out the rate of expenditures. This is:

Select one

Funding limit reconciliation

Funding limit constraints

Funding limit expenditure

Funding limit appropriation

Answer

PMP Question No 1770 - Cost

While managing a large project, the project manager decided to include indirect costs as part of his cost estimate. If indirect costs are included in an estimate, which of the following is true?

Select one

Include indirect costs at the activity level or higher levels

Include indirect costs at the activity level only

Include indirect costs only in earned value measurements and not in cost estimates

Exclude indirect costs in cost estimates

Answer

PMP Question No 1752 - Cost

In the earned value management technique, the cost performance baseline is:

Select one

Cost Measurement Baseline (CMB)

Performance Base Value (PBV)

Performance Measurement Baseline (PMB)

Actual Baseline (AB)

Answer

PMP Question No 1737 - Cost

The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?

Select one

$57,000

$40,000

$53,000

$60,000

Answer