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1.  Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:

   A) Inadequacies in the original estimate
   B) Anticipated but not certain events.
   C) Unanticipated events
   D) Anticipated and certain events
   

2.  Your project is mid-way through a delivery schedule. As project manager, you want to understand how much work is left. Which is the most accurate way to determine the remaining work to be done by the project team?

   A) Rolling wave method
   B) Earned Value Technique
   C) A Manual forecast
   D) Future analysis
   

3.  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:

   A) Parametric Estimating
   B) Analogous Estimating
   C) Bottom-up Estimating
   D) Historical Analysis
   

4.  As a project manager, you periodically do project performance reviews to compare cost performance over time, schedule activities or work packages over-running and under-running budget, milestones due, and milestones met. Which of the following is not a valid technique that you would use for performance-reporting?

   A) Trend Analysis
   B) Earned Value Performance
   C) Variance Analysis
   D) Integration Analysis
   

5.  Funding requirements for a project are usually in incremental amounts that are not continuous, and these appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project, between funds allocated and the cost baseline and cash flow amounts represents:

   A) The amount of Management Reserve that was not used
   B) The amount of Management Reserve that was not allocated
   C) The cost overrun
   D) Ineffective utilization of funds