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Cost Management Interview Question:

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All of the following are outputs of the Estimate Costs process EXCEPT:

A. An understanding of the cost risk in the work that has been estimated
B. The prevention of inappropriate changes from being induded in the cost baseline
C. An indication of the range of possible costs for the project
D. Documentation of any assumptions made during the Estimate Costs process

Submitted by: Administrator

B. The prevention of inappropriate changes from being induded in the cost baseline
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Top Cost Management Questions

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

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You have been asked to select between three projects. Project A has a net present value of $54,750 and will take six months to complete. Project B has a net present value of $85,100 and will take two years to complete. Project C has a net present value or $15,000 and a benefit-cost ratio of 5:2. Which project should you choose?

A. Project A
B. Project B
C. Project C
D. There is not enough information to decide.

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

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

☺	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

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