18923914
Description
Quiz by Enrique Gomez, updated more than 1 year ago
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Created by Enrique Gomez
over 5 years ago
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Question 1
Question
Earned Value Management(EVM) is commonly used to :
Answer
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a. Analysis of the value of the equipment that has been installed as of the status date.
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b. Analysis of the sum of the labor costs, which have been incurred on the project to date.
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c. A method of project performance measurement.
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d. A method of measuring the amount of money that has been spent to date.
Question 2
Question
An estimating technique that uses a statistical relationship between historical data and other variables (for example, square footage in construction, lines of code in software development) is known as:
Answer
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a. Parametric Estimating
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b. Analogous Estimating
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c. Bottom-up Estimating
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d. Historical Analysis
Question 3
Question
Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:?
Answer
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a. Inadequacies in the original estimate
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b. Anticipated but not certain events
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c. Unanticipated events
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d. Anticipated and certain events
Question 4
Question
Activity cost estimates are used as an input into which process??
Answer
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a. Estimate Costs
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b. Determine Budget
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c. Cost Analysis
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d. Control Costs
Question 5
Question
As a project manager, your BEST use of the project cost baseline would be to:?
Answer
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a. Measure and monitor cost performance on the project.
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b. Track approved changes.
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c. Calculate team performance bonuses.
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d. Measure and report on variable project costs.
Question 6
Question
An activity cost estimate includes all of the following resource categories EXCEPT:?
Answer
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a. Labor
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b. Materials
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c. Equipment
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d. Time shortages.
Question 7
Question
All of the following are true about estimate costs, EXCEPT:?
Answer
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a. Are generally expressed in units of currency (dollars, euro, yen, etc.), although in some instances other units of measure, such as staff hours or staff days ares used.
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b. The costs are estimated for all resources that will be charged to the project.
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c. Information in the risk register should not be used to adjust cost estimates.
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d. Cost estimates are quantitative assessments of the likely costs for resources required to complete project activities.
Question 8
Question
The Project Manager is in the process of estimate costs. What will he get?
Answer
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a. The budget of the project
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b. Basis of estimates, cost estimates and project documents updates
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c. Cost estimates of the work packages
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d. Entire costs of the deliverables
Question 9
Question
Analogous estimating:?
Answer
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a. Integrated bottom-up estimating techniques with relevant statistical relationship to estimate the cost of the current project
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b. Relies on the actual cost of previous, similar projects as the basis for estimating the cost of the current project.
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c. Is used most frequently in the later stages of a project.
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d. Summarizes estimates for individual work packages to estimate the cost of the current project.
Question 10
Question
All of the following are required to establish cost baseline EXCEPT:?
Answer
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a. Plan Resources of everything xxxxxx
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b. Control Cost
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c. Estimate Cost
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d. Determine Budget
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