1 Given a project salary cost of $400,000 per year and forecasted wage increases of 5 percent per year, calculate the no discounted total
salary cost over a three-year project lifecycle. (Points : 1) $400,000
$420,000
$1,261,000
$1,652,400
| 2. You have been asked to estimate the costs for a project to build an industrial power plant. Based on historical data, the steam turbine accounts for 30 percent of the total costs for the plant. If the steam turbine costs $300,000, the expected top-down estimated cost for this project would be __________. (Points : 1)$500,000 $1,000,000 $1,300,000 $1,500,000 |
| 3. A work element in the project plan requires 50 hours of labor each by four carpenters. The carpenters are paid $15 per hour and incur an overhead rate equal to 80 percent of their direct labor charges. Based on this data, the appropriate cost is __________. (Points : 1)$750 $1,500 $3,050 $5,400 |
| 4. A cost estimate for a given project activity is $6,300; this cost estimate does not factor in personal time. Assuming that an allowance for personal time is 9.5%, the total estimated cost of the project activity including personal time is approximately: (Points : 1)$6,300 $6,899 $6,990 $7,300 |