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Direct and Indirect Costs in Project Management

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Karl is in charge of a construction project for a residential home. Which of the following is not a direct cost of the project?

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1. Amelia is in charge of the research and development of one of many new medications the company is currently working on. Which of the following is not an indirect cost of the project?

2. What's another term used to describe an indirect cost?

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About This Quiz & Worksheet

The quiz/worksheet combo is a tool that can be used to assess your knowledge of direct and indirect costs in project management. Examples of these costs are on the quiz.

Quiz & Worksheet Goals

In these assets, you will be quizzed on:

  • Another term used to describe an indirect cost
  • Examples of an indirect cost of a project
  • Components of the burden rate formula
  • Examples of direct costs of a project

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the business lesson on cost types in project management
  • Information recall - access the knowledge you have gained regarding another term to describe an indirect cost
  • Knowledge application - use your knowledge to identify examples of direct and indirect costs

Additional Learning

Gain more knowledge about these costs using the lesson Direct and Indirect Costs in Project Management. This lesson helps you cover these additional topics:

  • Meaning of indirect cost
  • Differences between indirect costs and direct costs
  • Calculating the burden rate
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