Work power information and also cost forecast are main outputs that the _____ process. Price budgeting cost estimatingcost regulate cost pricing
Newtech Inc. Hires man for the place of a software application programmer to occupational on their new project. Salary payment to man by Newtech Inc. Would be an example of _____ costs.direct indirect sunk intangible
Soles is a footwear company which has actually recently set up its save in Ambrosia. To manufacture its products, Soles incurs a range of various costs. I beg your pardon of the complying with would be an example of an indirect cost? expense of equipments to produce shoes Salary paid to manufacturing facility workersElectricity used to operation its factories price of leather offered to manufacture shoes
Good Earth, a agency manufacturing packaged food products, sets up its shop in Baltonia. However, a year later, the firm closes the save down due to high operating costs. In such a scenario, the money invested in paying because that the rent of the save in Baltonia would certainly be an example of _____ costs. Recurring directsunk intangible
Which the the complying with is true the contingency reserves?They enable for future situations that can be partly planned for. Lock are also known as unknown unknowns. They space not had in a price baseline. They permit for dollar quantities to be offered to covering existing, addressed costs.

You are watching: The budget is one of the three values of earned value management and is also known as _____.


The an initial step in project cost management is: to allocate project cost estimates to individual material resources.to plan how prices will it is in managed. To manage project costs and also monitor cost performance. To build several approximates of expenses for different species of resources.
_____ uses project characteristics in a mathematical design to estimate task costs. Rough order of magnitude estimatingParametric estimating Bottom-up estimating Analogous estimating
Which that the adhering to is most most likely to it is in a reason for inaccuracies in information technology cost estimates? estimates take a lengthy time to be worked out.People absence estimating experience. Humans are biased towards overestimation. Only software advance provides the scope for estimates to it is in accurate.
If the cost estimate because that a task is a basis for contract awards and performance reporting, it have to be a(n) _____ estimate and also as accurate as possible. Budgetarydefinitive turbulent order of magnitude analogous
The main goal that the _____ procedure is to create a cost baseline because that measuring project performance and also project funding requirements.cost budgeting price planning cost regulating cost estimating
Which that the complying with is an calculation of the process of controlling costs?Cost forecasts Project funding requirements basis of approximates Scope baselines
Which the the complying with is an intake of the procedure of managing costs?Cost forecastsWork performance data change requests border baseline
The budget is among the three values of earned value management and also is likewise known as _____. Earned value actual price indirect costplanned value
Which that the complying with is true of deserve value? the is the actual cost plus the to plan cost. That is based solely on the total cost estimate to be spent on an activity.It is an estimate of the worth of the physical job-related actually completed. The is additionally known as the planned value.
Variances room calculated by individually the actual price from _____.earned worth schedule variance to plan value rate of performance
Cost variance is: the planned value plus actual costs.the earned worth minus the actual cost. The rate of power minus earn value. The planned worth minus the price of performance.
Schedule variance is:the earned worth minus the planned value. The earned value minus the really cost. The planned worth plus the earned value. The planned worth plus the rate of performance.
The expense performance table of contents (CPI): suggests that a task is under budget plan if CPI is less than one.can be used to estimate the projected price of perfect the project. Shows that the planned and also actual prices are same if CPI is more than one. Is the proportion of earned value to plan value.
Which of the adhering to is true that the schedule power index (SPI)?It deserve to be offered to estimate the projected time to complete the project. It way that a job is behind schedule if an SPI is higher than one. It way that a job is front of schedule if SPI is lesser than one or hundred percent. The is the ratio of planned value to actual costs.

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Which the the complying with is true that analogous estimates? Their main disadvantage is the they cost much more than various other techniques. They space the only an approach which do not require skilled judgement.They are most reliable as soon as previous jobs are comparable in truth with current projects. They usage project attributes in a mathematical model to estimate task costs.
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Intermediate Accounting, + WileyPLUS it is registered Card16th EditionDonald E. Kieso, Jerry J. Weygandt, terrycloth D. Warfield
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