While Balancing Assignments, a Project Manager Must Also Balance

question 60

Multiple Choice

While balancing assignments, a project manager must also balance:

• A)Overall project cost.
• B)Talent development.
• C)Earned value.
• D)Work package slack.

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Definitions:

Indirect Costs

Expenses not directly tied to a specific product or service, such as overheads, that are necessary for running a business.

Variable Costs

Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor.

Manufacturing Overhead

All indirect costs associated with the production of goods, such as utilities, maintenance, and manager salaries.

Committed Fixed Costs

Investments in facilities, equipment, and basic organizational structure that can’t be significantly reduced even for short periods of time without making fundamental changes.