PMP Questions ID 1830 jackie is the project manager of a large project during the determine budget process she identi

Jackie is the project manager of a large project. During the Determine Budget process, she identifies that contingency reserves need to be set up for unplanned but potentially necessary changes that could result from realized risks identified in the risk register. Which of the following is true about reserves?

Select one

Both the Management Reserves and the Contingency Reserves are part of project cost baseline, and they are also not included in the total budget for the project

Management Reserves are not a part of project cost baseline, but will be included in the total budget for the project

Contingency Reserves are not a part of project cost baseline, but will be included in the total budget for the project

Both the Management Reserves and the Contingency Reserves are not part of project cost baseline, but they are included in the total budget for the project

PMP Question No 1813 - Cost

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

Define Scope

Estimate Costs

Plan Expenses

Determine Budget

Answer

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