Question 1 Haley is budgeting for a project that will involve travel costs for p

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Question 1

Haley is budgeting for a project that will involve travel costs for project staff involved in the quality inspections of deliverables. The travel is exclusively for the project, so which of the following describes this cost?

Select one:

a. Indirect cost

b. Cost of nonconformance

c. Flexible cost

d. Direct cost

Question 2

Project L involves 2,000 hours of scheduled work at $15 per hour. At period three, it was scheduled to be 80% complete, but actual work completed is 85%, and $25,000 has been spent. What is this project's CPI?

Select one:

a. 1.02

b. 0.96

c. 1.06

d. 0.98

[IMG 7.13] In period one, Project J had an EV of $12,000 and a CPI of 1.2; in period two it had an EV of $21,000 and a CPI of 1.2; in period three it had an EV of $28,500 and a CPI of 0.95. What is the project's cumulative CPI?

Select one:

a. 0.94

b. 1.07

c. 1.12

d. 1.0

Question 4

Jamee is developing activity cost estimates for a multi-national project using parametric estimating. Where should look to find out what currency the estimates should be reported in?

Select one:

a. Cost management plan

b. Marketplace conditions

c. Commercial databases

d. Historical information

Question 5

Laria is describing why the schedule is necessary to develop the project cost baseline. What is the best reason she can provide?

Select one:

a. The schedule is used to aggregate estimated activity costs by time period.

b. The schedule provides estimated work package costs by resource.

c. The schedule provides estimated activity costs by work package.

d. The schedule provides estimated resource costs by work package.

Explanation / Answer

1. The travel costs of staff to the working site for quality inspection of deliverables are DiRECTcosts to the company. These costs are directly attributable to the project as employees will travel exclusively for the project. Indirect costs are not directly related to a project but are related to the project as cost object.

So the travel costs exclusively for the project will be Direct Costs.

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