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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
   

2.  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
   

3.  The Cost Performance Baseline is a time-phased budget and is used as a basis to measure, monitor, and control overall cost performance of the project. It is usually displayed in the form of:

   A) An S-curve
   B) An inverted S curve.
   C) Pie-chart
   D) A Z curve
   

4.  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
   

5.  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