Question

Q#1) True or False statements: Circle (T) for True or (F) l) The cost of installing surveillance cameras is a non-recurring expense 2) The salary of the project manager is a recurring expense 3) Risk and uncertainty increase with time TİF Cost of making changes increase with time 5) Ideas generated during brainstorming are ranked in order of their 6) In focus group interviews, people from different segments and viewpoints TF 7) Duration is the number of workdays or work hours required to complete a TF 8) Three point estimate is need it when the activity depends on many 9) A precedence network is standard format for displaying project schedule TF TİF importance with voting process are brought together to define requirements task probabilistic factors information by listing project activities and their corresponding start and finish dates in a calendar format 10 A critical path for a project is the series of activities that determines the TF earliest time by which the project can be completed 11) The critical path is a series of activities with the least amount of float 12) Project duration is the sum of the duration of all project activities. 13 Activity on Arrow Diagram (ADM) can be used to represent all types of TF 14) The Project Charter authorize the existence of the project and gives 15) | Slack (float) İs the amount of time an activity may be delayed without 16) Project scope and product scope are the same. They define the features 17) WBS is the output of Decomposition Process", which is breaking down TF relationships authority to the Contractor to use money and starts the project delaying a succeeding activity or the project finish date and functions of project deliverables the deliverables into more manageable parts ("Work Packages") TİF T F T F 18) Fast tracking activities by doing them in parallel or overlapping them 19) Tuition fees of 40,000 SR per term is a fixed cost 20) Tuition fees of 5,000 per credit hour is a variable cost 21) Material cost is a variable cost 22) Gold Plating is giving the customer extras that add value to the project 23) Precision means that measured value is very close to the true value

Answer 1

1. True

Non-Recurring Expense is a one-time expense that is not expected to continue after a system is implemented.Non-recurring expenses can be somewhat more complex. These are expenses specifically designated on a company's financial statements as an extraordinary or one-time expense the company does not expect to continue over time, at least not on a regular basis.

Nonrecurring expenses for things such as mergers, acquisitions, purchases of real estate, purchases of equipment, large-scale facility upgrades, severance pay costs from a workforce reduction, or repair costs following a natural disaster or accident.

2. True

An ongoing cost that occurs throughout the life cycle of systems development, implementation, and maintenance is recurring expense.

Recurring general and administrative operating expenses are the normal, ongoing expenses required for operating a company in the company's chosen line of business. These expenses typically appear on a company's income statement as indirect costs and are also factored into the balance sheet and cash flow statements. Commonly, general and administrative expenses include things such as salaries for company executives and wages or salaries for employees, any research and development costs, travel and related expenses, computer support services, and depreciation that may apply to property, equipment, or other company assets over the long-term.

3. True

Risk and uncertainty depends on time and with increases with time as when knowing about risk and uncertainty wrt time and with increasing time, risk and uncertainty increases as we don't no what will happen in future.

4. True

The cost of changing of fixing increases with respect to time exponentially. The cost of making a change increases as you move from the stages of requirements analysis to architecture, design, coding, testing and deployment. A requirements mistake found and corrected while you are still defining the requirements costs almost nothing. But if you wait until after you've finished designing, coding and testing the system and delivering it to the customer, it can cost up to 100 times as much.