Major disruptions in the project caused by hurricane

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1. James is a project manager for Red, Inc. He needs to hire a computer programmer to help complete the project. He estimates that James will work 20 hours at an hourly rate of $20 per hour. This cost is an example of:

a. administrative cost.

b. managerial cost.

c. cost estimate.

d. all of the above.

2. A designated amount of time and money to account for parts of the project that cannot be predicted such as major disruptions in the project caused by a hurricane. This is known as a(n):

a. indirect cost.

b. management reserve.

c. biased budget.

d. none of the above.

Reference no: EM131393579

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