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2  (40%) 13 Sec

  1.  Which of these are not inputs to the Determine Budgets process?

    A) Cost baseline, Requirements traceability matrix
    B) Project schedule, contracts
    C) Basis of estimates, Activity cost estimates
    D) Project schedule, Resource calendars

    Your answer=A, Correct answer= , Work Sheet:

  2.  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

    Your answer=B, Correct answer= , Work Sheet:

  3.  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

    Your answer=A, Correct answer= , Work Sheet:

  4.  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

    Your answer=B, Correct answer= , Work Sheet:

  5.  A project is estimated to cost $ 50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50% of the project is complete and Actual costs are $ 50,000. What is the Cost Performance Index (CPI) ?

    A) The CPI is 1
    B) The CPI is 1.5
    C) The CPI is 2
    D) The CPI is 0.5

    Your answer=C, Correct answer= , Work Sheet:

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