COST CONTROL PLANNING

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University of California, Davis *

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Information Systems

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Dec 6, 2023

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COST CONTROL PLANNING According to the PMBOK ® Guide , the project manager manages which items of a project? Dependencies Schedule linking Baseline Cost SCHEDULE Which term signifies a contract reimbursable cost? SPI CPPC AC CPI Determining the costs incurred to ensure quality is known as which of the following? Cost estimating Cost plus fixed fee Cost baseline COQ Identify a tool or technique for controlling the cost. Project management software Electronic readers Computers Development software When attempting to complete the budget, which of the following tools is used most often? Project EXCEL WBS view Status report Calendar What is the document that sets out the format and establishes activities? Schedule Cost management plan COST PLAN Time line Decisions The process of influencing the factors that create variance is known as cost control . According to the Project Management Institute, which project documents should be updated during the cost planning process?

Budget Work performance data Calendars Communication plan Which of the following is a type of reimbursement contract? Cost budgeting Cost baselining CPFF Cost Identify a tool or technique for controlling the cost. Development software Critical path methods Tablets Computers What is the formula ? Adding tasks to earned value Any viable solution to make the critical path longer Cost performance index Assigning tasks to actual cost How does knowing the CPI help a project manager? Helps to communicate to stakeholders Delays the project Helps to assign resources Helps with scheduling A measure of cost performance on a project is known as cost variance When purchasing one e-mail system, the contract should be taken into consideration before signing. SCHEDULE PLANNING Identify a tool or technique for controlling the schedule. Lead and lag times, Resource optimization techniques Computers Electronic readers Tablets When using a project management software program, which report is most utilized to show time lines? Percentage complete Status report Gantt Chart Resource allocations Tasks time line

Calendar Which elements are used in earned value management? Cost performance index Schedule performance index/variance CPI Multiplication What terms are used in the definition of critical chain methods? Feeding buffers, finish Tasks Decisions Complete The risk register reflects opportunities or threats perceived through scheduling assumptions. According to the Project Management Institute, which project documents should be updated during the schedule planning process? Budget Status reports Work performance data Risk register, calendar Which of the following is an example of crashing? Any activity on the critical path Adding tasks Any viable solution to make the critical path longer Removing resources from the time line What terms are used in the definition of critical chain methods? Complete Tasks Critical Start activity Which of the following is an alternative schedule for project managers? Finish to start schedule Schedule linking Not resource leveled, worse case Baseline What data are updated and compiled into the schedule mode to reflect actual progress of the project? status reports

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risks time line, staffing budget What is the effect of the project manager not keeping the schedule current? Proper resource allocation On-time tasks Pushed time line on dependencies Accurate critical path identificatio When can fast tracking be used for an e-mail project? Initiation phase Close out phase During conversion During budget consolidation Download the attachment and answer the following question. Open file: PBL_U1 Which of the following is an example of crashing? Any viable solution to make the critical path longer Assigning tasks Approving overtime Removing resources from the time line

COST CONTROL PLANNING

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