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(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis

(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis (13) The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline is called A Determine Budget B. Control Costs C. Estimate Costs D. Plan Cost Manag ement (14) Cost Variance (CV) is which of the following equations? A CV = EV - PV B. CV = EV - AC C. CV = EV / AC D. A and c (15) To assist in budget control, it is suggested that an estimate be created at the level of the WBS A Highest B. Lowest C. Major work effort D. Third (16) A risk is defined as negative effect on one or more project_ event or condition that, if it occurs, has a positive or A indefinite, probabilities B. uncertain, objectives C. sure, goals D. definite, uncerta inties (17) When is the risk and uncertainty in a project's life cycle at the highest? A Start B. design C. closing D. implementation (18) The process under Risk Management that prioritizes risks for further analysis or ac tion by assessing and combining their probability of occurrence and impact is called A Perform Qualitative Risks Analysis B. Perform Quantitative Risk Analysis C. Plan Risk Management D. Plan Risk Responses 编辑 曰适应屏幕 凹导长图/PDF
Transcribed Image Text:(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis (13) The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline is called A Determine Budget B. Control Costs C. Estimate Costs D. Plan Cost Manag ement (14) Cost Variance (CV) is which of the following equations? A CV = EV - PV B. CV = EV - AC C. CV = EV / AC D. A and c (15) To assist in budget control, it is suggested that an estimate be created at the level of the WBS A Highest B. Lowest C. Major work effort D. Third (16) A risk is defined as negative effect on one or more project_ event or condition that, if it occurs, has a positive or A indefinite, probabilities B. uncertain, objectives C. sure, goals D. definite, uncerta inties (17) When is the risk and uncertainty in a project's life cycle at the highest? A Start B. design C. closing D. implementation (18) The process under Risk Management that prioritizes risks for further analysis or ac tion by assessing and combining their probability of occurrence and impact is called A Perform Qualitative Risks Analysis B. Perform Quantitative Risk Analysis C. Plan Risk Management D. Plan Risk Responses 编辑 曰适应屏幕 凹导长图/PDF
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