COST CONTROL PLANNING

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University of California, Davis *

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600

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Information Systems

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Dec 6, 2023

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docx

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4

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COST CONTROL PLANNING According to the PMBOK ® Guide , the project manager manages which items of a project? Dependencies Schedule linking Baseline Cost SCHEDULE Which term signifies a contract reimbursable cost? SPI CPPC AC CPI Determining the costs incurred to ensure quality is known as which of the following? Cost estimating Cost plus fixed fee Cost baseline COQ Identify a tool or technique for controlling the cost. Project management software Electronic readers Computers Development software When attempting to complete the budget, which of the following tools is used most often? Project EXCEL WBS view Status report Calendar What is the document that sets out the format and establishes activities? Schedule Cost management plan COST PLAN Time line Decisions The process of influencing the factors that create variance is known as cost control . According to the Project Management Institute, which project documents should be updated during the cost planning process?
Budget Work performance data Calendars Communication plan Which of the following is a type of reimbursement contract? Cost budgeting Cost baselining CPFF Cost Identify a tool or technique for controlling the cost. Development software Critical path methods Tablets Computers What is the formula ? Adding tasks to earned value Any viable solution to make the critical path longer Cost performance index Assigning tasks to actual cost How does knowing the CPI help a project manager? Helps to communicate to stakeholders Delays the project Helps to assign resources Helps with scheduling A measure of cost performance on a project is known as cost variance When purchasing one e-mail system, the contract should be taken into consideration before signing. SCHEDULE PLANNING Identify a tool or technique for controlling the schedule. Lead and lag times, Resource optimization techniques Computers Electronic readers Tablets When using a project management software program, which report is most utilized to show time lines? Percentage complete Status report Gantt Chart Resource allocations Tasks time line
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