Project Management: Achieving Competitive Advantage, Fifth Edition

Answers

1. 8.31. b—A computer purchase would be an example of a direct cost for the project.

2. 8.32. a—The cost of using a site building varies to the degree it is used and is charged as a direct cost to the project.

3. 8.33. c—The overrun of $450 would be referred to as a positive variance to the budget.

4. 8.34. d—The process of asking senior project managers for their best estimates of project costs is part of the cost estimation process.

5. 8.35. b—Susan is using a top-down method in which she, as the senior manager, is providing the project budget estimate.

6. 8.36. c—The project life-cycle teaches us that project ­expenditures are highest during the execution phase.

7. 8.37. a—Deliverables do not need to be produced before the budget has been created.

8. 8.38. ...