Home » Certification » PMP Certification

The price that you charge for your project is

equal to the cost estimate plus a fixed percentage.
essentially the same as the cost estimate.
typically 1.5 - 2.5 times the cost estimate in order to account for corporate overhead costs
a business decision that considers the cost estimate together with other factors.

Correct Answer: a business decision that considers the cost estimate together with other factors.

Explanation:

Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.

← Previous Question Next Question→

More Questions from PMP Certification

A quality audit is
Project authorization is one of the processes that is associated with the initiation phase of a project. Authorization can come in many different forms, and projects are generally authorized by all of the following except
Project Life Cycle - Characteristic of Project Phases What is a deliverable?
Project Stakeholders What do you meant by project stakeholders?
Organizational Systems What are Project-based and Non project-based organizations?
Project Management Processes What is the underlying concept for the interaction among the project management processes?
Project Management Process Groups What are the Project Management Process Groups?
Initiating Process Group What are the Project Management Processes included in the Initiating Process Group ?
Planning Process Group What are the Project Management Processes included in the Planning Process Group?
Executing Process Group What are the Project Management Processes included in the Executing Process Group?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion