Test Cost

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Test Cost – 20 de intrebari, 25 de minute

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Întrebarea 1 din 20

1. Întrebare
While reviewing project performance, the project manager determines that the schedule variance is -500. What is the best thing to do?
- Determine the cost variance
- Let the sponsor know
- Move resources from the project to one that is not falling
- Look for activities that can be done in parallel
Întrebarea 2 din 20

2. Întrebare
Identified risks are:
- An output of the Estimate Costs process
- An input to the Estimate Costs process
- No related to the Estimate Costs process
- Both an input to and an output of the Estimate Costs process
Întrebarea 3 din 20

3. Întrebare
Which of the following represents the value of work we have actually completed?
- Earned Value
- Estimate to complete
- Planned value
- Actual Cost
Întrebarea 4 din 20

4. Întrebare
A schedule performance index (SPI) of 0.76 means:
- You are over budget
- You are progressing at 24 percent of the rate originally planned
- You are ahead of schedule
- You are progressing at 76 percent of the rate originally planned
Întrebarea 5 din 20

5. Întrebare
Payment for any decision made or encouraged by a foreign offical with respect to whether a company will be awarded a project is best described as:
- A bribe
- A progress fee
- A sunk cost
- A common practice
Întrebarea 6 din 20

6. Întrebare
A cost baseline is an output of which cost management process?
- Control Costs
- Estimate Costs
- Plan Cost Management
- Determine Budget
Întrebarea 7 din 20

7. Întrebare
An estimate at completion (EAC) is an output of which of the following?
- Performance measurement analysis
- Control Costs
- Project performance review
- Variance management
Întrebarea 8 din 20

8. Întrebare
Aggregation, reserve analysis and expert judgement are all tools of which process?
- Quantitative Risk Analysis
- Control Schedule
- Determine Schedule
- Determine Budget
Întrebarea 9 din 20

9. Întrebare
During which project management process group are budget forecasts created?
- Initiating
- Planning
- Monitoring and controlling
- Executing
Întrebarea 10 din 20

10. Întrebare
A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. generally, what is the best explanation for why this occurred?
- Additional equipment needed to be purchased
- The scope was changed
- A critical path activity took longer and needed more labor hours to complete
- A supplier went out of business and a new one needed to be found
Întrebarea 11 din 20

11. Întrebare
All of the following are inputs to he Determine Budget process except:
- Cost management plan and project schedule
- Activity cost estimates and work breakdown structure
- Basis of estimates and project scope statement
- Project funding requirements and funding limit reconciliation
Întrebarea 12 din 20

12. Întrebare
A cost management plan contains a description of:
- The project costs
- The estimation technique which will be used
- How resources are allocated
- The budget and how they were calculated
Întrebarea 13 din 20

13. Întrebare
The difference between the cost baseline and the budget can be best described as:
- The contingency reserves
- The project cost estimate
- The management reserves
- The cost account
Întrebarea 14 din 20

14. Întrebare
A rough order a magnitude estimate is made during which project management process group?
- Executing
- Initiating
- Closing
- Planning
Întrebarea 15 din 20

15. Întrebare
The cost contingency reserve should be:
- Hidden to prevent management from disallowing the reserve
- Added to each activity to provide the customer with a shorter critical path
- Maintained by management to cover cost overruns
- Added to the costs of the project to account for risks
Întrebarea 16 din 20

16. Întrebare
A project manager has run into cost difficulties. The project scope must be completed, but at less cost. The project manager should:
- Evaluate benefit cost ratio
- Perform a value analysis
- Recover some sunk costs
- Change the depreciation method for the equipment used on the project
Întrebarea 17 din 20

17. Întrebare
You take over a project that is US $100,000 over budget. You know the team has completed US $500,000 worth of work. Your sponsor has been calling all day leaving messages while you were in meetings asking for a quick update on the project status. What will you tell him when you return his call?
- The CPI is 0,83
- The CPI is 0,90
- The SPI is 0,83
- The SPI is 1,10
Întrebarea 18 din 20

18. Întrebare
You are in the middle of project executing and find you are running out of money due to unanticipated changes. What is the best thing to do?
- Reevaluate the risk analysis and contingency funding
- Use resources that do not charge against the project
- Crash or fast track the project
- Ask for a change to the project budget
Întrebarea 19 din 20

19. Întrebare
Which part of the cost budget does the project manager not have control over?
- Cost baseline
- Management reserves
- Control account estimates
- Contingency reserves
Întrebarea 20 din 20

20. Întrebare
Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would best provide that information?
- Net present Value
- Life Cycle cost
- Estimate at completion
- Earned value

Cost

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