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Q & As for the PMBOK® Guide Sixth Edition by Project Management Institute

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Project Cost Management

(Section 7 of the PMBOK® Guide)

101.Project Cost Management includes all of the following processes EXCEPT:

A.Plan cost management.

B.Level resources.

C.Determine budget.

D.Control costs.

102.The cost management plan has all of the following characteristics EXCEPT:

A.It is based on project cost estimates and is separate from the project management plan.

B.It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken.

C.It may specify the level of precision, which is the degree to which activity cost estimates will be rounded up or down.

D.It describes how the project costs will be planned, structured, and controlled. ...

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