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CIP is:
Option 1: Continuous improvement process
Option 2: A sustained, gradual change
Option 3: Includes constancy of purpose and commitment to quality as part of its focus
Option 4: a and b
Option 5: all of the above
Formal acceptance by the client or sponsor of the project should be preapred and distributed during which process?
Option 1: Information Distribution
Option 2: Administrative Closeout
Option 3: Organizational Planning
Option 4: Performance Reporting
Option 5:
_______________________ is the sum of the total budget for a project.
Option 1: Budgeted cost of work performed (earned value)
Option 2: Actual cost of work performed (actual costs)
Option 3: Budgeted cost of work scheduled (planned value)
Option 4: Budget at completion
Option 5: Estimate at completion
__________________ is the sum of the budgets for all work packages scheduled to be accomplished in a given period of time.
Option 1: Budgeted cost of work performed (earned value)
Option 2: Actual cost of work performed (actual costs)
Option 3: Budgeted cost of work scheduled (planned value)
Option 4: Budget at completion
Option 5: Estimate at completion
_______________________ is the expected cost of a project based on actual project performance to date.
Option 1: Budgeted cost of work performed (earned value)
Option 2: Actual cost of work performed (actual costs)
Option 3: Budgeted cost of work scheduled (planned value)
Option 4: Budget at completion
Option 5: Estimate at completion
Cost control is concerned with:
Option 1: Managing changes when they occur
Option 2: Resource rates
Option 3: Chart of accounts
Option 4: Organizational policies
Option 5: Expert judgment
Which process is used cost budgeting to allocate overall cost estimates to individual work items?
Option 1: Cost-estimating tools and techniques
Option 2: Cost estimates
Option 3: Resource planning
Option 4: Cost budgeting
Option 5: Cost control
Cost estimating is:
Option 1: Assessing how much the organization will charge for the product or service
Option 2: Developing an approximation of the cost of the resources needed to complete project activities
Option 3: Establishing a baseline to use in measuring project performance
Option 4: Analyzing positive and negative variances
Option 5: None of the above
The future value of $3000 invested for 5 years at 12 interest is:
Option 1: $ 1,702.00
Option 2: $ 4,702.00
Option 3: $ 4,982.00
Option 4: $ 5,287.00
Option 5: $ 5,394.00
What does a benefit cost ratio of 2.1 mean?
Option 1: The costs are 2.1 times the benefits
Option 2: The profit is 2.1 times the costs
Option 3: The payback is 2.1 times the costs.
Option 4: The cost is 2.1 times the profit.
Option 5:
Cost Variance (CV) is which of the following equations?
Option 1: CV = BCWP - BCWS
Option 2: CV = BCWP - ACWP
Option 3: CV = SV / BCWS
Option 4: A and c
Option 5:
Which of the following is a direct project cost?
Option 1: Lighting and heating for the corporate office
Option 2: Workers Compensation insurance
Option 3: Piping for an irrigation project
Option 4: A and B
Option 5:
The networking vendor has contacted the project manager to inform her that the recent earthquake will impact the delivery of critical components. The project team must meet to determine the impact to the overall project. It is determined that staffing will not be affected, but that changes will need to be made in the areas of risk and cost management. It is too soon to tell if quality baselines will be affected by this schedule change, What is the project team involved in here?
Option 1: Configuration management
Option 2: Work authorization analysis
Option 3: Status review meeting
Option 4: Integrated change control
Option 5:
One of the types of cost estimation is Order of Magnitude. This estimate:
Option 1: is performed when detailed information is available
Option 2: is performed when detailed information is available
Option 3: is used in the beginning of the project conceptualization
Option 4: Uses mostly information from past projects
Option 5: Usually made before the project is designed, and must therefore rely on the cost data of similar projects built in the past
Which of the following should be determined before project plan development?
Option 1: Project plan updates
Option 2: Stakeholder skills and knowledge
Option 3: Work authorization system
Option 4: Constraints and assumptions
Option 5:
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