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21.It important for project managers to understand that every cost

Question : 21.It important for project managers to understand that every cost : 1525103

 

 

21.It is important for project managers to understand that every cost estimate is unique.

a.True

b.False

22.Determining the budget involves allocating the project cost estimate to individual work items over time.

a.True

b.False

23.The project management plan and project funding requirements are inputs of the process of controlling costs.

a.True

b.False

24.The formulas for variances and indexes start with EV, the earned value.

a.True

b.False

25.If cost variance is a positive number, it means that performing the work costs more than planned.

a.True

b.False

26.A negative schedule variance means that it took lesser than planned to perform the work.

a.True

b.False

27.If the cost performance index (CPI) is less than 100 percent, the project is under budget.

a.True

b.False

28.A schedule performance index of one means that the project is on schedule.

a.True

b.False

29.In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned.

a.True

b.False

30.Spreadsheets are a common tool for cost estimating, cost budgeting, and cost control.

a.True

b.False

 

 

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