1. The labor costs (cost of personnel) of a project are considered to be which of the following type of cost?

Group of answer choices

(G&A) overhead costs

direct project overhead costs

contingency cost

direct cost

Flag question: Question 2Question 21 pts

2. Given the following scenario, which type of estimating are you using?

You are painting your living room which is twice as large as your bedroom. Last year the cost to paint your bedroom was $200. You will be using the same type of paint for your living room so you estimate the cost to be $400.

Group of answer choices

parametric estimating

iterative estimating

top-down estimates

phase estimating

Flag question: Question 3Question 31 pts

3. In the traditional budget process, the project's value and associated budget determines the project's design.

Group of answer choices

True

False

Flag question: Question 4Question 41 pts

4. A typical contingency fund is _________ of the total budget but depends on the risks associated with the project.

Group of answer choices

1/3

25%

at least half

10% to 15%