The Executive Sponsor Asks a Project Manager to Summarize the Following

question 234

Multiple Choice

The executive sponsor asks a project manager to summarize the following for a project: 1. Final capital expenditures. 2. Anticipated cost of new employee resources to support the solution. 3. Maintenance estimates. Which of the following information should the project manager provide?

• A) Cost baseline
• B) Burn rate
• C) Cost variance report
• D) Total project cost

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Definitions:

Cost Formula

An equation used to predict costs at different levels of activity. It often incorporates fixed costs, variable rate per unit of activity, and the total cost.

Administrative Expenses

Overhead or operating expenses associated with the day-to-day operations of a business, excluding production costs.

Cost Formula

An equation used to predict the total cost associated with the production or delivery of goods and services.

Administrative Expenses

Expenses related to the general operation of a company, including salaries of executives, costs of administrative facilities, and office supplies, not directly tied to production.