Information Technology Project Management 8th edition Kathy Schwalbe

This Test Bank is specifically for the 8th edition of “Information Technology Project Management” written by Kathy Schwalbe. The ISBN-10 is 1285452348 and the ISBN-13 is 978-1285452340.

Chapter 7: Project Price Management

True / False

1. Overrun is the extra proportion quantity by which estimates exceed precise prices.
– True
– False
ANSWER: False
RATIONALE: Overrun is the extra proportion or greenback quantity by which precise prices exceed estimates.
POINTS: 1
DIFFICULTY: Problem: Simple
REFERENCES: p.264
KEYWORDS: Bloom’s: Information

2. The first output of the planning value administration course of is a change request.
– True
– False
ANSWER: False
RATIONALE: The primary output of the planning value administration course of course of is a price administration plan, which includes figuring out the insurance policies, procedures, and documentation for managing project costs.
POINTS: 1
DIFFICULTY: Problem: Simple
REFERENCES: p.266
KEYWORDS: Bloom’s: Information

3. IT project managers should be capable of present and discuss project information both in financial and technical terms.
– True
– False
ANSWER: True
RATIONALE: IT project managers need to communicate project information effectively in financial and technical terms to cater to the understanding of various stakeholders, especially those more inclined towards financial aspects.
POINTS: 1
DIFFICULTY: Problem: Simple
REFERENCES: p.266
KEYWORDS: Bloom’s: Information

FAQs

Q: What is included in the IT Project Management 8th edition Test Bank?
A: The Test Bank for the IT Project Management 8th edition by Kathy Schwalbe includes a variety of True/False questions related to project price management.

Q: Are the answers provided for each question in the Test Bank?
A: Yes, each question in the Test Bank is followed by the correct answer and a rationale to explain the answer.

Q: How can IT project managers benefit from using this Test Bank?
A: IT project managers can use this Test Bank to assess their knowledge and understanding of project price management concepts, helping them prepare for exams and improve their project management skills.

Conclusion

In conclusion, the Test Bank for “Information Technology Project Management 8th Edition” by Kathy Schwalbe serves as a valuable resource for testing and enhancing knowledge in project price management within the IT sector. It covers essential topics and provides insightful questions for IT project managers to reinforce their understanding and skills in managing project costs effectively.Introducing our comprehensive collection of Test Banks for textbooks, designed to enhance your learning experience and challenge your understanding of the subject matter. Our Test Banks provide accurate estimates of project costs and help you fine-tune your estimating skills.

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