Is the charge of labor for the project. For each task or work package, an estimate is made as to the number of people needed in each labor grade, and the number of hours or days for each. This gives the distribution of labor hours or days required for each labor grade.*A. Direct Labor ExpenseB. Direct Nonlabor ExpenseC. General and Administrative Expense

Estimates and budgets typically include most or all of the following elements, except for:*A. Direct Labor ExpenseB. Direct Nonlabor ExpenseC. Indirect Costs (Overhead)D. Cost Of QualityE. General and Administrative ExpenseF. Profit and Total Billing

These are part of the Techniques for Estimating Project Costs, except:*A. Three-Point EstimationB. Analogous EstimationC. Direct Labor Expense

Which of the following statements does not describes cost estimation? A. Cost estimation establishes a relationship between total cost and activity level B. Cost estimation assumes a linear relationship between total costs and the cost drivers C. A cost function can be used to estimate the total cost for any level of activity in the organization D. Cost is segregated into fixed and variable based on their behavior

An estimation of revenue and expenses over a specified period of time is known as a budget. True False

Which piece of information below is included in a resource agreement?Effort estimatesTime estimatesDependenciesContingencies