Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project Which of the following items are most typically considered to be indirect costs a costs associated with material and purchased parts b the cost of labor provided by projected team members, consultants, and subcontractors c executive salaries, utilities, and insurance d travel cost for the project team Which party to a contract absorbs the majority of cost risk when a Firm Fixed Price (FFP) contract is used a the seller b the buyer c the cost risk is equally shared d the insurer

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Question: Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project. Which of the following

Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project. Which of the following items are most typically considered to be indirect costs?

	a.	costs associated with material and purchased parts
	b.	the cost of labor provided by projected team members, consultants, and subcontractors
	c.	executive salaries, utilities, and insurance
	d.	travel cost for the project team

Which party to a contract absorbs the majority of cost risk when a Firm-Fixed-Price (FFP) contract is used?

	a.	the seller
	b.	the buyer
	c.	the cost risk is equally shared
	d.	the insurer

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