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QUESTION 1

Which of the following is an example of a direct cost?

Administrative cost

Facility cost

Security cost

Machinery cost

QUESTION 2

ALL of the following can be considered part of a project’s budget cost EXCEPT:

equipment.

materials.

proposal cost.

training.

QUESTION 3

The project budget is built on the planning foundation created by ALL of the following EXCEPT:

work breakdown structure.

resource and effort estimates.

project charter.

project schedule.

QUESTION 4

What is one of the advantages of the top-down budgeting estimation?

Budget costs can be estimated with unfair accuracy

Budget costs estimation is based solely on the project manager’s experience

Budget costs can be estimated without WBS analysis

Budget costs can be estimated with fair accuracy

QUESTION 5

What is one of the disadvantages of the bottom-up budgeting estimation?

Neglecting the estimation to be unreliable

Overlooking the cost of small costly tasks

Estimations are WBS based

Estimations has a greater fidelity

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