What Is a Project Manager

question 128

Multiple Choice

What is a project manager?

• A) The application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project
• B) Any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project
• C) Represent key dates when a certain group of activities must be performed
• D) An individual who is an expert in project planning and management

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Definitions:

Indirect Cost

Expenses that are not directly attributable to a specific product or service, such as administrative and facility costs.

Direct Cost

Expenses that can be directly traced to the production of a specific good or service, such as materials and labor.

Period Cost

Costs that are expensed in the period in which they are incurred; often administrative or selling expenses, not directly tied to production.

Product Cost

The total costs incurred to create a product, including direct materials, direct labor, and manufacturing overhead expenses.