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“Cost Management related Frequently Asked Questions in various Cost Management job Interviews by interviewer. The set of questions here ensures that you offer a perfect answer posed to you. So get preparation for your new job hunting”

49 Cost Management Questions And Answers

41⟩ Which of the following are ALL items included in the cost management plan? A. The level of accuracy needed for estimates, rules for measuring cost performance, specifications for how duration estimates should be stated B. Specifications for how estimates should be stated, rules for measuring cost performance, the level of accuracy needed for estimates C. Rules for measuring team performance, the level of accuracy needed for estimates, specifications for how estimates should be stated D. Specifications for how estimates should be stated, the level of risk needed for estimates, rules for measuring cost performance

B. Specifications for how estimates should be stated, rules for measuring cost performance, the level of accuracy needed for estimates

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42⟩ Which of the following represents the estimated value of the work actually accomplished? A. Earned value (EV) B. Planned value (PV) C. Actual cost (AC) D. Cost variance (CV)

A. Earned value (EV)

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43⟩ Which type of cost is team training? A. Direct B. NPV C. Indirect D. Fixed

A. Direct

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44⟩ Value analysis is performed to get A. More value from the cost analysis B. Management to buy into the project C. The team to buy into the project D. A less costly way of doing the same work

D. A less costly way of doing the same work

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45⟩ Project setup costs are an example of A. Variable costs B. Fixed costs C. Overhead costs D. Opportunity costs

B. Fixed costs

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46⟩ During which project management process group are budget forecasts created? A. Monitoring and controlling B. Planning C. Initiating D. Executing

A. Monitoring and controlling

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47⟩ A cost baseline is an output of which cost management process? A. Estimate Activity Resources B. Estimate Costs C. Determine Budget D. Control Costs

C. Determine Budget

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48⟩ A rough order of magnitude estimate is made during which project management process group? A. Planning B. Closing C. Executing D. Initiating

D. Initiating

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49⟩ Which of the following is an example of a parametric estimate? A. Dollars per module B. Learning bend C. Bottom-up D. CPM

A. Dollars per module

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