Project Management Professional (PMP) Exam Practice – Question1434

Typically, the statement "no one likes to estimate, because they know their estimate will be proven incorrect" is true. However, you have been given the challenge of estimating the costs for your nuclear reactor project. A basic assumption that you need to make
early in this is______________


A. How direct and indirect costs will be handled
B. Whether or not experts will be available to assist you in this process
C. If there will be a multiyear project budget
D. Whether the project has required delivery dates

Correct Answer: A

Explanation:

Explanation:
The scope statement, as part of the scope baseline, is a key input in the estimate costs process and should be reviewed. It provides the project description, acceptance criteria, key deliverables, boundaries, assumptions, and constraints about the project. It also
notes one basic assumption that must be made as costs are estimated is whether the estimates will be limited only to direct project costs or whether they also will include indirect project costs.