8/13/2019 Ch7 - Cost Q and A

1/5

Questions and Answers

Project Cost Management

1. The current project performance report indicates that the Schedule Performance Index(SPI) is 1.25. This information indicates that the project is:A. Ahead of schedule. ehind schedule!. Performin" poorl# $ith respect to the schedule%. 25& 'ehind schedule

2. hich S element (in the ta'le "ien 'elo$) has a faora'le cost ariance of *15+,

S -lement !S !P A!P

P * 1+++ * 11++ * 115+

/ * 2+++ * 10++ * 21++

* 1+++ * 12++ * 1+5+

S * 2+++ * 1++ * 10++

A. -lement P. -lement /!. -lement %. -lement S

3. The four t#pes of cost data that are normall# accumulated and reported as part of a costcontrol s#stem areA. 4a'or material other direct char"es mana"ement resere. 4a'or material mana"ement resere oerhead

!. ana"ement resere la'or other direct char"es oerhead%. 4a'or material other direct char"es oerhead

6. 4oo7in" across the majorit# of industries durin" $hich phase in a project life c#cle aremost of the project expenses incurred,A. !oncept phase. %eelopment or desi"n phase!. -xecution phase%. Termination phase

5. An inte"rated cost 8 schedule s#stem can "raphicall# depict all of the follo$in" except:A. ud"eted cost of $or7 scheduled (!S). Actual cost of $or7 scheduled (A!S)!. ud"eted cost of $or7 performed (!P)

%. Actual cost of $or7 performed (A!P)

9. hich of the follo$in" is referred as a pa#'ac7 period,A. The num'er of periods reuired to recoer the initial inestment. The rate of return on the inestment!. The num'er of periods reuired to 'rin" project cost 'ac7 to the ori"inal 'ud"et

'ased on current performance%. 4oan pa#ment schedule

;. hat tool must project mana"ers rel# upon to accuratel# identif# the costs associated$ith a project,

8/13/2019 Ch7 - Cost Q and A

2/5

/

8/13/2019 Ch7 - Cost Q and A

3/5

/

8/13/2019 Ch7 - Cost Q and A

4/5

/

8/13/2019 Ch7 - Cost Q and A

5/5

Answers

Project Cost Management

1. A

2. !3. %

6. !5.

9. A;. %0. %. %1+. A

11. 12. A13. %

16. 15. %

19. %1;. 10. A1. !2+. %21. !