196 New PMP Cost Questions & Answers with explanation
191.
Although the business value is unique to each organization, each organization strives to attain business value for its activities. Which of the following does NOT create value for an organization?
Select one
192.
Analogous Cost Estimating is which of the following?
Select one
193.
John, a project manager for Code Crashers, Inc., has a project with a group of inexperienced programmers that will develop a software package that creates Material Safety Data Sheets (MSDS) for a chemical company. This situation strongly resembles a project his colleague, Peter, worked on in 2006. If John needs to come up with a rough order of magnitude estimate, what tool or technique should he use?
Select one
194.
You are the Project Manager for JT's Lumber Yard. You are trying to forecast estimates for the final phase of the project you are currently working on. Based on the performance of the project to date, which formula can be used to estimate the total value of the project when completed, assuming similar variances will not occur?
Select one
195.
Which of the following is incorrect?
Select one
196.
As part of the Estimate Costs process, a project manager obtained access to certain commercially available databases to get resource cost rate information. Such published commercial information is considered what type of input?
Select one