Chapter_7_Project_Cost_Management

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1、Chapter7:ProjectCostManagementTrue/False1. Overrunistheadditionalpercentageamountbywhichestimatesexceedactualcosts. a. True b. FalseANSWER:  FalseRATIONALE:  Feedback:Overrunistheadditionalpercentageordollaramountbywhichactualcostsexceedestimates.POINTS:  1DIFFICULTY:  Difficulty:EasyREFERENCES:  p.

2、264LEARNING OBJECTIVES:  INFO.SCHW.14.48-LO:7-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:TechnologyTOPICS:  TheImportanceofProjectCostManagementKEYWORDS:  Bloom's:Knowledge2. Theprimaryoutputoftheplanningcostmanagementprocessisachangerequest. a. True b. FalseANSWER:  FalseRATIONALE:  Feedback:Themai

3、noutputoftheplanningcostmanagementprocessprocessisacostmanagementplan.Planningcostmanagementinvolvesdeterminingthepolicies,procedures,anddocumentationthatwillbeusedforplanning,executing,andcontrollingprojectcost.POINTS:  1DIFFICULTY:  Difficulty:EasyREFERENCES:  p.266LEARNING OBJECTIVES:  INFO.SCHW.

4、14.48-LO:7-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:TechnologyTOPICS:  TheImportanceofProjectCostManagementKEYWORDS:  Bloom's:Knowledge3. ITprojectmanagersmustbeabletopresentanddiscussprojectinformationbothinfinancialandtechnicalterms. a. True b. FalseANSWER:  TrueRATIONALE:  Feedback:Mostmemberso

5、facompany’sexecutiveboardhaveabetterunderstandingoffinancialtermsthanITterms,andaremoreinterestedinfinance.Therefore,ITprojectmanagersneedtobeabletopresentanddiscussprojectinformationbothinfinancialtermsandtechnicalterms.POINTS:  1DIFFICULTY:  Difficulty:EasyREFERENCES:  p.266LEARNING OBJECTIVES:  I

6、NFO.SCHW.14.49-LO:7-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:TechnologyTOPICS:  BasicPrinciplesofCostManagementCengageLearningTesting,PoweredbyCogneroPage 34Chapter7:ProjectCostManagementKEYWORDS:  Bloom's:Knowledge4. Projectmanagersmustconductcashflowanalysistodeterminenetpresentvalue. a. True b.

7、 FalseANSWER:  TrueRATIONALE:  Feedback:Cashflowanalysisisamethodofdeterminingtheestimatedannualcostsandbenefitsforaprojectandtheresultingannualcashflow.Projectmanagersmustconductcashflowanalysistodet