Agile PM Is Appropriate When _______

question 36

Multiple Choice

Agile PM is appropriate when _______.

• A) project scope is unknown or unstable
• B) the technology to be used is well known
• C) the project scope is well known
• D) the processes to be used are well known
• E) projects of this type have been done many times before

---

Definitions:

Materials Costs

The direct costs associated with the raw materials used in the manufacturing of a product.

Weighted-Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in inventory valuation.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed equivalent units.

Conversion Costs

Costs incurred to convert raw materials into finished products, which include direct labor and manufacturing overhead.