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Cos 1

Enrique Gomez 10 questions

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Questions in this quiz (10)

  1. 1Earned Value Management(EVM) is commonly used to :
    1. Aa. Analysis of the value of the equipment that has been installed as of the status date.
    2. Bb. Analysis of the sum of the labor costs, which have been incurred on the project to date.
    3. Cc. A method of project performance measurement.
    4. Dd. A method of measuring the amount of money that has been spent to date.
  2. 2An 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:
    1. Aa. Parametric Estimating
    2. Bb. Analogous Estimating
    3. Cc. Bottom-up Estimating
    4. Dd. Historical Analysis
  3. 3Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:?
    1. Aa. Inadequacies in the original estimate
    2. Bb. Anticipated but not certain events
    3. Cc. Unanticipated events
    4. Dd. Anticipated and certain events
  4. 4Activity cost estimates are used as an input into which process??
    1. Aa. Estimate Costs
    2. Bb. Determine Budget
    3. Cc. Cost Analysis
    4. Dd. Control Costs
  5. 5As a project manager, your BEST use of the project cost baseline would be to:?
    1. Aa. Measure and monitor cost performance on the project.
    2. Bb. Track approved changes.
    3. Cc. Calculate team performance bonuses.
    4. Dd. Measure and report on variable project costs.
  6. 6An activity cost estimate includes all of the following resource categories EXCEPT:?
    1. Aa. Labor
    2. Bb. Materials
    3. Cc. Equipment
    4. Dd. Time shortages.
  7. 7All of the following are true about estimate costs, EXCEPT:?
    1. Aa. 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.
    2. Bb. The costs are estimated for all resources that will be charged to the project.
    3. Cc. Information in the risk register should not be used to adjust cost estimates.
    4. Dd. Cost estimates are quantitative assessments of the likely costs for resources required to complete project activities.
  8. 8The Project Manager is in the process of estimate costs. What will he get?
    1. Aa. The budget of the project
    2. Bb. Basis of estimates, cost estimates and project documents updates
    3. Cc. Cost estimates of the work packages
    4. Dd. Entire costs of the deliverables
  9. 9Analogous estimating:?
    1. Aa. Integrated bottom-up estimating techniques with relevant statistical relationship to estimate the cost of the current project
    2. Bb. Relies on the actual cost of previous, similar projects as the basis for estimating the cost of the current project.
    3. Cc. Is used most frequently in the later stages of a project.
    4. Dd. Summarizes estimates for individual work packages to estimate the cost of the current project.
  10. 10All of the following are required to establish cost baseline EXCEPT:?
    1. Aa. Plan Resources of everything xxxxxx
    2. Bb. Control Cost
    3. Cc. Estimate Cost
    4. Dd. Determine Budget

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Cos 1
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