Tom DeMarco, a well-known author on software development, suggests ____ reasons for the inaccuracies of many information technology project cost estimates and some ways to overcome them.
a. three
b. four
c. five
d. six
Answer: b. four
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Jaycee Auto Repair has the following budgeted costs for the next year:
Time Charges Material Charges Shop employees' wages and benefits $120,000 $- Parts manager's salary and benefits - 45,000 Office employee's salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 The material loading charge to be used next year assuming a 40% markup on material cost is a) 40%. b) 80%. c) 65%. d) 20%.
The expertise or skills acquired by a project team member through experience, education, or association; it is also awareness or familiarity of a situation gained by experience derived from information, which in turn is derived from data
This description best defines A) knowledge. B) awareness. C) expertise. D) conceptualization.