Costs That Are Associated with Time Devoted to the Coordination

question 35

Multiple Choice

Costs that are associated with time devoted to the coordination in meetings and briefings as well as time necessary to resolve disconnects between tasks are known as ____________ costs.

• A) direct
• B) interaction
• C) general and administrative (G&A) overhead costs
• D) things go wrong
• E) coordination

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Definitions:

Actual Cost

The true, total expense incurred for a project, activity, or item.

Earned Value

A project management technique for measuring project performance and progress in an objective manner.

Actual Cost

The final, real amount spent on completing a specific task, project, or acquisition, as opposed to estimated or budgeted costs.

Cost Performance Index

A measure in project management that calculates the financial efficiency and cost control of a project by dividing the earned value by the actual cost.