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1.  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
   

2.  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
   

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
   

4.  Lucy is a project manager involved in the Estimate Costs process in the initiation phase of a project. Given the limited detail available to her, what would you expect the range of her estimate to be and what would you call such an estimate?

   A) -25 to +25 %, Rough Order of Magnitude
   B) -10 to +10 %, Budgetary
   C) -1 to +1 %, Definitive
   D) -50 to +50 %, Rough Order of Magnitude
   

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