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41 Free Project Cost Management Questions from Information Technology Project Management 6th Edition by Schwalbe

05/08/2015 Marie Hall 0 Comment

Free Project Cost Management Questions from Information Technology Project Management 6th Edition by Schwalbe Review

Information is traveling faster and being shared by more individuals than ever before. Information Technology Project Management, Revised Sixth Edition, offers the “behind-the-scene” aspect of technology. Although project management has been an established field for many years, managing information technology requires ideas and information that go beyond standard project management. By weaving together theory and practice, this text presents an understandable, integrated view of the many concepts skills, tools, and techniques involved in project management. Because the project management field and the technology industry change rapidly, you cannot assume that what worked even five years ago is still the best approach today. This text provides up-to-date information on how good project management and effective use of software can help you manage projects, especially information technology projects. Information Technology Project Management, Revised Sixth Edition, is still the only textbook to apply all nine project management knowledge areas (project integration, scope, time, cost, quality, human resource, communications, risk, and procurement management) and all five process groups (initiating, planning, executing, monitoring and controlling, and closing) to information technology projects. MS Project 2010 CD comes with the Revised Sixth Edition of Schwalbe.

Free Project Cost Management Questions from Information Technology Project Management 6th Edition by Schwalbe show laser focus on project cost management and address such terms and concepts as actual cost (AC), analogous estimates, baseline, bottom-up estimates,budget at completion (BAC), budgetary estimate, among others throughout authentic PMP practice test questions. Hope you enjoy and benefit from using it.

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About Author

As a professor in the Department of Business Administration at Augsburg College in Minneapolis, Dr. Kathy Schwalbe teaches courses in project management, problem solving for business, systems analysis and design, information systems projects, and strategic technology. She has also served as an adjunct faculty member at the University of Minnesota, where she taught a graduate-level course in project management in the engineering department. A frequently requested speaker and consultant, Dr. Schwalbe provides training and consulting services to numerous organizations and addresses professionals at several conferences each year. She worked for ten years in industry before entering academia in 1991. She has served as an Air Force officer, systems analyst, project manager, senior engineer, and information technology consultant. Dr. Schwalbe is an active member of PMI, having served as the Director of Communications and Editor for the Information Systems Specific Interest Group (ISSIG), VP of Education and Student Chapter Liaison for the Minnesota chapter of PMI, and member of PMI’s test-writing team. Kathy was named Educator of the Year in 2011 by the Association of IT Professionals. She earned her Ph.D. in Higher Education at the University of Minnesota, her M.B.A. at Northeastern University’s High Technology MBA program, and her B.S. in mathematics at the University of Notre Dame. (Source: amazon.com)

41 Free Project Cost Management Questions from Information Technology Project Management 6th Edition by Schwalbe

Now comes another free PMP question bank by knowledge area that benefits a lot those who desire to get hold of PMP certification. 41 free project cost management questions from Information Technology Project Management 6th Edition by Schwalbe are designed in a way geared towards cementing your knowledge gaps, deepening comprehension on the subject. Also, the friendly format allows your more comforting PMP practice experience and makes most of your exam study time. In completion of this sample test, you just need select the best response to each question, and hit submit at the bottom of the page to have your results automatically checked and scored. Hope you reach your best result on the upcoming PMP exam.

41 Free Project Cost Management Questions from Information Technology Project Management 6th Edition by Schwalbe

costs or benefits that can be easily measured in dollars.
a cost estimating technique based on estimating individual work items and summing them to get a project total.
money that has been spent in the pats.
controlling changes to the project budget.
an estimate of the value of the physical work actually completed.
a time-phased budget that project managers use to measure and monitor cost performance.
the original project plan plus approved changes.
a cost estimate prepared very early in the life of a project to provide a rough idea of what a project will cost.
dollars included in a cost estimate to allow for future situations that may be partially planned for (sometimes called contingency reserves) and are included in the project cost baseline.
a cost estimating the technique that uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project, also called analogous estimates.
the total of direct and indirect costs incurred in accomplishing work on an activity during a given period.
dollars included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict.
the original total budget for a project.
the ratio of earned value to actual cost; can be used to estimate the projected cost to complete the project.
dollars included in a cost estimate to allow for future situations that are unpredictable (sometimes called unknown unknowns)
costs that can be directly related to producing the products and services of the project.
revenues minus expenses.
a document that describes how cost variances will be managed on the project.
a project performance measurement technique that integrates scope, time, and cost data.
costs that are not directly related to the projects or services of the project, but are indirectly related to performing the project.
allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.
the additional percentage or dollar amount by which actual costs exceed estimates.
the earned value minus the planned value.
the ration between revenues and profits.
considers the total cost of ownership, or development plus support costs, for a project.
developing an approximation or estimate of the costs of the resources needed to complete the project.
the processes required to ensure that the project is completed within the approved budget.
the ration of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity.
a theory that states that when many items are produced repetitively, the unite cost of those items normally decreases in a regular pattern as more unties are produced.
an estimate of what it will cost to complete the project based on performance to date.
costs or benefits that are difficult to measure in monetary terms.
a cost estimate used to allocate money into an organization's budget.
a cost estimating technique that uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project, also called top-down estimates.
a cost-estimating technique that uses project characteristics (parameters) in a mathematical model to estimate project costs.
the earned value minus the actual cost.
a method for determining the estimated annual costs and benefits for a project.
dollars included in a cost estimate to allow for future situation that are unpredictable (sometimes called management reserves).
the ration of earned value to planned value; can be used to estimate the projected time to complete a project.
dollars included in a cost estimate to allow for future situations that may be partially planned for (sometimes called known unknowns) and are included in the project cost baseline.
a cost estimate that provides an accurate estimate of project costs.
that portion of the approved total cost estimate planned to be spent on an activity during a given period.

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Category: PMP Practice Exam/ PMP Sample Questions Tags: free PMP question bank by knowledge area/ information technology project management/ information technology project management 6th edition/ information technology project management kathy schwalbe/ pmp exam sample questions/ pmp question bank/ project cost management/ sample pmp questions

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