The Principal Reason Why a Project Manager Is Surprised by Resource

question 5

Multiple Choice

The principal reason why a project manager is surprised by resource constraints on a project is the failure to include __________ in risk identification activities.

• A)resource availability
• B)resource cost
• C)resource mobility
• D)resource skill

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Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark for measuring performance.

Pounds

A unit of weight commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, valued at the standard cost.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.