1. What type of estimate did the developer use to provide this information?
A. Parametric estimating.
B. Bottom-up- estimating.
C. Analogues estimating.
D. PERTestmating .
2. A definitive estimate is:
A. Top-down estimating.
B. Created during initiation.
C. Within a range of -10% to +25% of actual.
D. The most expensive to create.
3. all of the following are inputs to the cross-budgeting process expect?
A. cost estimate.
B. project schedule.
C. risk management plan.
Deactivate duration estimates.
4. Analogues estimating is a tool technique used in both Time and Cost management
process. What is the best description of how analogues estimating is performed?
A. by-buttom-up estimating techniques.
B. obtaining management option’s of the estimate of each task.
C. by-top-down estimating techniques.
D. based on historical costs.
5. Cost budgeting is defined as
A. the estimated total cost of the Project when done.
B. allocating the cost estimates to the individual work items.
C. developing estimates of the cost of the resources needed to complete project activities.
D. the sum of the approved cost estimates.
6. Due to recent company downsizing u can only authorize 1 of the 2 projects u really
planed to complete this year. You have decided to select the project with the NPV of $95k
and proceed to cancel the other project which had an NPV of $37k what are the
opportunity costs associated with this new decision?
A. $37k
B. $95k
C. $123k
D. $58k
7. Analogues estimating is a form of
A. earned value.
B. expert judgment.
C. cost planning
D. parametric modeling.
8. Two projects have exactly the same pay back period but project A has a smaller IRR than project B.You should choose
A. project A.
B. project B
C. there is no difference
D. there is not enough information available
9. The expected accuracy level of estimates during the initiation phase of project should be:
A. -25% to +75%
B. -10% to +25%
C. -35%to +75%
D. -10%to +10%
10. Analogues estimating is most accurate when:
A. previous projects are similar in fact not just appearance.
B. there is a relationship between the cost being estimated and known parameter.
C. the historical information used to develop the model is accurate.
D. work items are very small.
ANSWERS
1-A
2-D
3-D
4-C
5-B
6-A
7-B
8-B
9-A
10-A
