TOPIC: Free PMP Exam Sample Question of the Week

Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.

Question:

____________ 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

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HINT: What is the total cost of a product?

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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.