57. In order to develop a net present value (NPV) of a project, the project manager must find a way to conduct cash flow analysis.

a. True b. False

58. Project definitions: Intangible costs are among those that can be easily measured in monetary terms.

a. True b. False

59. Project definitions: Its vital for a project manager to pay close attention to sunk costs when deciding upon the next major course of action for a project.

a. True b. False

60. Many people use spreadsheets for common things in projects, such as cost estimating, cost budgeting, and cost control.

a. True b. False

61. The process of ______________ within a project is one which involves finding the approximate amount of many things, like the costs of resources needed.

a. determining the budget

b. finalizing the cost baseline

c. controlling costs

d. estimating costs

62. The process of ______________involves allocating the estimated overall costs back to the individual work items to establish a baseline to measure performance.

a. determining the budget

b. finalizing policies for project costs

c. controlling costs

d. estimating costs.

63. When ____________________________I am attempting to follow the process of controlling costs.

a. determining the policies for project costs

b. managing changes to the project budget

c. finalizing the procedures for project costs

d. determining a basis for estimates

64. This process is used to develop an accurate prediction of a projects expenses and benefits:

a. critical path analysis

b. fast tracking

c. life cycle costing

d. crashing

65. Project definitions: Profits are commonly defined as ___________________?

a. expenses plus net income

b. costs plus revenues

c. revenues plus expenses

d. revenues minus expenditures

66. Project definitions: This is the method used for calculating estimated annual costs and benefits:

a. Critical path analysis

b. Cash flow analysis

c. Present value analysis

d. Requirements analysis

67. Project definitions: Tangible benefits have this characteristic:

a. They cannot be calculated in monetary terms.

b. They can be easily measured.

c. They are difficult to quantify.

d. Their examples include goodwill and prestige.

68. Project definitions: Which costs are difficult to measure in financial terms?

a. Intangible costs b. Direct costs c. Tangible costs d. Fixed costs

69. The common approach for purchasing software license rights is that customers acquire these licenses to obtain the right to use software under the terms of the license agreement.

a. True b. False

70. By comparison, the security-related issues are less complex within a locally-developed onsite system environment than they are within a web-based systems, because the locally-developed onsite system operates on a private company network, rather than the Internet.

a. True b. False