David is leading a software development project for his company. He is in the process of budgeting and needs to distinguish between real project costs and overhead costs. Which item would be considered a real project cost for David's project?David's computerThe salary of the software developers hired for David's projectThe annual licensing fee for David's project management softwareThe rent for the office space where David works

What two questions can a project manager ask to determine a project’s costs? Select all that apply.1 pointHow much time will people have to spend on the project?What are the ongoing project costs?How will the user experience be improved?What value will the project create?

Cost budgeting can be best described by which of the following?1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation thatcould occur during the project2. The process of assembling and predicting costs of a project over its life cycle3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the projectcan be measured and managed4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis

Which of the following statements below regarding the process of developing a project budget is true?The project manager should refer to the responsibility matrix when developing the budget.Overhead costs show the costs of external resources utilized by the project.The project manager may refer to budget estimates from prior projects.Budgeting for effort includes the costs for all non-people resources.

Which three of the following items are examples of direct costs for your project?1 pointWages and salaries of employees and contractors Staff trainingMaterials costsUtilitiesGeneral office equipment

The cost of capital for a project depends on:Group of answer choicesthe company's level of debt financing.the use of the capital (the project).the industry cost of capital.the company's cost of capital.