NEVER post copyrighted questions. Always state where questions come from. We take copyright violations very serious. Any copyrighted materials will be removed and the posters account will be deactivated.
Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.
____________ is the total cost to produce the product or service of the project while meeting the quality standards plus the operating cost.
A. Total Cost of Ownership
B. Estimated Cost
C. Cost of Quality
D. Budgeted Cost
HINT: What is the total cost of a product?
All our questions are updated to the latest PMBOK® Guide standard. Stop by at
and try the PMP Exam Simulator free for 3 days. We also offer 110 free questions at
. We are a PMI Registered Education Provider.
Answer and Explanation:
The correct answer is A.
Total Cost of Ownership is the total cost of a product including the development cost, quality activities cost, and operating costs. Cost of Quality means the Cost of Quality activities only. Neither Budgeted Cost nor Estimated Cost are the actual costs to produce the product.
The following user(s) said Thank You: Jideofor Ebeogu
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.