Project cost management establishes authorized cost baseline

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Reference no: EM132250513

1. Which part of Project Cost Management establishes an authorized cost baseline?

Plan Cost Management

Estimate Costs

Determine Budget

Control Costs

2. A route is a common movement lane from a source to an end destination. In shipping by air or ocean these start or end at a port, so multiple companies can use the route.

A route is a shipping term for aircraft movement

A route is a port of departure

A route is comprised of multiple entities linked together from the point where goods are accumulated, to where they start to be distributed

Routes are only for one shipping company

3. From a "Total Cost of Ownership" perspective, all of the following can be viewed as significant Logistics Cost Variables except?

Value-Added Taxes

Packaging

Spares Obsolescence and Maintenance

Ocean freight

Customs/Duties per shipment

4. Identify challenges that could occur as you attempt to build out a measurement system. Some areas of consideration:

Challenges encountered in trying to obtain data

Challenges in obtain an appropriate amount of data (sample size)

Challenges in regards to the measurement device

Challenges in regards to the data variability (season, people, environmental changes)

Reference no: EM132250513

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