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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

    Your answer=, Correct answer= , Work Sheet:

  2.  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=, Correct answer= , Work Sheet:

  3.  A variance threshold for costs or other indicators to indicate the agreed amount of variation allowed is called:

    A) Variance limits
    B) Control threshold
    C) Cost limit
    D) Acceptable threshold

    Your answer=, Correct answer= , Work Sheet:

  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

    Your answer=, Correct answer= , Work Sheet:

  5.  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=, Correct answer= , Work Sheet:


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