Therefore they are usually separated from overhead costs. Identify and briefly describe the two major classifications of estimating project time and costs.
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They establish low-cost efficient methods for completing activities.
. Applied fixed overhead 4. Investment cost of the project can be measured and managed 4. C Direct project overhead.
Both labor and materials. A Only labor B Only materials C Only equipment D Both. General and administrative overhead E.
Question 6 1 point Which of the following would best represent direct project costs Only labor Only materials Only project specific equipment Both labor and materials Labor materials and project specific equipment Question 7 1 point Tony has realized that two activities in his project cannot be. Which of the following would best represent direct project costs. 1 Top-down estimates are made for the project as a whole and typically made by top management.
Both labor and materials. For an activity in a CPM analysis the early Finish time is 13 and the late Finish time is 13. Represent only equipment and materials needed for the project d.
Which of the following represents an activity on an activity-on-node AON project network. These costs represent real cash outflows as the project progresses. Represent only direct labor costs c.
Arrows on an activity-on-node AON project network represent. It will vary with the complexity of the project B. The salary of the project manager would be an example of what type of cost found in a project.
Lighting and heating for the corporate office 2. Which of the following statements is true. Are usually beyond the project managers control.
They typically comes from the people actually doing the work and who are most knowledgeable about the task at hand. The process of gathering accumulating analyzing reporting and managing the costs on an on-going basis AnswerB Hint. They are made by someone who uses experience andor information from someone else to determine overall project cost and duration.
Therefore an effort should be made to make estimates as detailed as possible for all projects C. In Project crashing rent and overheads are treated as ASignificant Cost BInsignificant costs CDirect Costs DIndirect Costs 19. Are handled on a project-by-project basis b.
A Only labor B Only materials C Only equipment D Both labor and materials E Labor materials and equipment. General and administrative overhead E. Both labor and materials.
Duration of activity is 6. They include direct costs and indirect overhead costs. Labor materials and equipment Feedback.
Operations Management questions and answers. Detailed estimates are crucial to project success. The special order would allow the use of a slightly lower grade of direct material thereby lowering the price per unit by 1 and selling expenses would be decreased by 1.
Your firm has the following average-total-cost schedule. Which of the following would best represent direct project costs. Direct project costs can be clearly chargeable to a specific work package.
And variable selling expenses 2. Project flow and dependency. Accounting would be an example of which of the following costs typically found in a project.
Janet is forecasting how much money her department needs to support a new project. Which of the following is NOT true in regard to the level of detail estimates should contain. Read more determine the exact product cost Product Cost Product cost refers to all those costs which are incurred by the company in.
Estimates are made at the work package. Direct project overhead D. View Test Prep - business 375 project management midterm B from BUSINESS 375 at Strayer University.
You have found that managing overhead costs is particularly difficult because they a. AThe early start is 6. The salary of the project manager would be an example of what type of cost found in a project.
Costs objects pertaining to direct expense are output costs and operational costs. Page 193 PMBOK 5 6 Which of the following is a direct project cost. A Labor B Direct C Direct project overhead D General and administrative overhead.
Which of the following would best represent direct project costs. Labor materials and equipment. Which of the following would best represent direct project costs.
Cost objects Cost Objects A cost object is a method that measures product segment and customer cost separately to determine the exact cost and selling price. She estimates that two people and 25000 in expenses will cover her needs. Direct project overhead D.
Your current level of production is 600 devices Search for. Course Test Started Submitted Due Date Status Attempt Score. The more detailed the estimate is the more the estimate will cost to create D.
Both labor and materials E. Which of the following would best represent direct project costs. 2 Bottom-up estimates are made at the work package level and by those responsible for completing the work packages.
Costs associated with the product are. Because management typically insists on reducing forecasts by 20 percent she increases her estimates to allow for that reduction. They include labor materials and equipment costs.
Both labor and materials E. A Labor B Direct C Direct project overhead D General and administrative overhead E Salary. Accounting would be an example of which of the following costs typically found in a project.
Which of the following would best represent direct project costs. Workers Compensation insurance 3. Which of the following would best represent direct project costs.
12 CORRECT Which of the following would best represent direct project costs.
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