GCU MGT640 Week 4 Quiz Latest 2020/GCU MGT640 Week 4 Quiz Latest 2020

Question 1 

Each of the following is an element of the cost management plan except which one?

Level of accuracy

Reporting formats

Units of measure

Cost aggregation method

Question 2

Which of the following is used during the Project Cost Management Knowledge Area to monitor and control project costs? It is used to calculate earned value performance measures and consists of factors such as actual cost, schedule, and scope.

Control account

Code of accounts

Chart of accounts

Control thresholds

Question 3 

All of the following are true regarding the Determine Budget process except:

It assigns cost estimates to the project activities.

The cost baseline plots the sum of estimated costs in a linear graph.

Estimates in the cost baseline are used to measure variances and performance later in the project.

The cost baseline, once established, is the expected cost for the project.