About This Quiz & Worksheet
This quiz and worksheet are used to determine the depth of your knowledge regarding terms used to describe project management practices relating to cost and budget.
You will be quizzed on definitions of relevant terms used in the corresponding lesson addressing this topic.
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How do you answer a cost controller interview question?
This question can help interviewers understand your perspective on the role of a cost controller and how you might contribute to an organization.
When answering this question, it can be helpful to think about what you enjoy most about being a cost controller and how that contributes to the success of your company.
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Quiz & Worksheet Goals
You will have the opportunity to assess your knowledge of:.
1) The principle explaining the relationship between cost, schedule and scope.
2) How to monitor cost performance in Earned Value Management.
3) Link between actual cost to date and estimated cost to complete 4.
Cost Performance Index and the total budget of the project.
5) When a project budg.
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Skills Practiced
Reading comprehension- ensure that you draw the most important information regarding cost control systems and how to apply them to project management
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What do cost controllers need to know?
Cost controllers need to be familiar with a variety of regulations and standards in order to effectively track and manage company costs.
This question is a great way to get a sense of how well a candidate understands the audit process and whether they have the experience necessary to ensure compliance.
