PMP Questions ID 2125 a project manager has just been notified of a cost increase by a seller he looks at the contract

A project manager has just been notified of a cost increase by a seller. He looks at the contract and determines that the seller has the right to pass along this cost increase. The project manager should fist determine if

Select one

There is a reserve to handle the change

The activity is on the critical path

Another seller can provide it at the orginal cost

Another activity can save money

PMP Question No 2124 - Cost

What does estimate at completion (EAC) mean

Select one

The anticipated total cost at project completion.

Each anticipated cost for the project

Estimated average cost at project completion

Anticipated expenses at project completion

Answer

PMP Question No 2123 - Cost

The project sponsors have asked you to assess the feasibility of meeting the objectives and cost constraints. .why should you use analogous estimating

Select one

It gains buy-in from the team because the team creates the estimates

It is more accurate than bottom-up estimating

It provides a basis for monitoring and controlling and performance measurement

It is faster

Answer

PMP Question No 2122 - Cost

Company abc is evaluating three consulting companies to find a consultant to perform professional services. They request information on how the three consulting companies allocate fringe benefits to their clients. What type of cost is company abc asking about

Select one

Indirect

Variable

Direct

Fixed

Answer

PMP Question No 2121 - Cost

Your company is in competition to win a major project for the government of a country. Your contacts in that country inform you that you must make a large payment to the foreign minister to be considered for the project. What should you do

Select one

Have the local contact make the payment

Do not make the payment

Infrom your company's management, and ask for direction

Make the payment

Answer