Question

For MS Project to cost your project, it needs to know:

A) Resource hourly costs
B) Activity fixed costs
C) Stakeholder charges
D) All of the above
E) A and B only

Answer 1

To cost a project in MS Project, information on both resource hourly costs and activity fixed costs is essential. The correct answer is E) A and B only, as MS Project does not directly account for stakeholder charges in project costing.

Step-by-step explanation:

For MS Project to cost your project, it requires information on both Resource hourly costs and Activity fixed costs. Option A is correct as resources, such as labor or materials, often have hourly rates associated with them, and these figures are essential for accurately estimating project costs. Option B is also valid since fixed costs related to specific tasks or activities, regardless of time taken, need to be considered. However, Stakeholder charges are not typically accounted for in the direct costing within MS Project. Therefore, the correct answer to this question is E) A and B only.