1. Give answers for the following questions: (20)

i. What are the administrative costs of a project? ii. Describe the inputs of resource planning. iii. Name various resources of expert judgment. iv. What are the inputs of cost estimating? v. Describe the inputs of the cost control process.

2. Project costs can be broken down roughly into three areas; (2)

a) Administrative costs, labour costs and equipment costs b) Administrative costs, resource or project costs and human resource costs c) Human resource costs, labour costs and material costs.

3. What is 'learning curve'? And how does it affect the total cost of a project? (8)