CPSM CSPM Time, Cost & Resource Management 4

Question 1

Which type of project cost is directly tied to the amount of work performed, such as hourly labor costs?

Accepted Answer

Variable costs

Answer

Variable costs change in proportion to the work performed, such as labor charged by the hour.

Question 2

A project manager wants to shorten the schedule by adding resources to critical path tasks. This technique is called:

Accepted Answer

Crashing

Answer

Crashing adds resources (people, equipment, overtime) to critical path tasks to shorten duration, typically at increased cost.

Question 3

What term describes the costs already spent on a project that cannot be recovered regardless of future decisions?

Accepted Answer

Sunk costs

Answer

Sunk costs are past expenditures that are irrelevant to future decision-making because they cannot be recovered.

Question 4

A Responsibility Assignment Matrix (RAM) maps project roles to work packages. What does a RACI chart specifically track?

Accepted Answer

Responsible, Accountable, Consulted, Informed for each task

Answer

A RACI chart clarifies who is Responsible, Accountable, Consulted, and Informed for each project task or deliverable.

Question 5

What is the primary difference between 'free float' and 'total float' in schedule management?

Accepted Answer

Free float is the delay allowed before impacting a successor; total float is the delay allowed before impacting the project end

Answer

Free float is how long a task can be delayed without delaying its immediate successor, while total float is how long it can be delayed without delaying the project end date.

(CPSM) Certified Software Project Manager Practice Test

(CPSM) Certified Software Project Manager Practice Test

CPSM CSPM Time, Cost & Resource Management 4