QUIZ: PRICING AND ESTIMATING

________ consist of those materials required by engineering and operations to support the manufacture of end-items

The __________ is the person who has management authority within a

business unit/department with direct supervision over one or more resources on the project team.

Project plans are known as “living documents” because they are subject to change.

• TRUE

• FALSE

Net Present Value Method is often considered as the worst approach.

• TRUE

• FALSE

Payback period is the least precise of all capital budgeting methods.

• TRUE

• FALSE

IRR is more difficult to calculate than NPV.

• TRUE

• FALSE

_______ refers to the amount of money that a company pays to its

employees for the time they spend working directly on the production of goods or

services.

_________ is the ability to maintain or acquire the necessary human and nonhuman resources to support the system.

_______ refers to the chance that the selection of this project will prove to be

unacceptable.

The process of identifying the financial benefits is called _________.