1.
What does a project's 'management reserve' account for?
2.
Which technique involves estimating costs by looking at the cost of similar previous projects?
3.
What is the function of 'reserve analysis' in project cost management?
4.
What is the main purpose of reserve analysis in project cost management?
5.
Which of the following is a common method used to estimate project costs in the 'bottom-up' approach?
6.
In cost estimation, which term refers to a preliminary estimate made with minimal information?
7.
What is the primary purpose of contingency reserves in a project budget?
8.
What is the role of 'cost performance index' (CPI) in project cost management?
9.
What is the primary purpose of a 'cost management plan'?
10.
Which of the following is NOT a tool or technique used in the 'Determine Budget' process?
11.
Which term refers to the approved version of the project budget, used for comparison with actual results?
12.
Which cost estimating technique uses historical data to forecast future costs based on the cost per unit of measure?
13.
Which of the following is a method used to calculate the cost variance of a project?
14.
Which of the following is a common tool used in cost management to predict future project costs based on historical data and trends?
15.
Which process involves managing changes to the project budget and cost performance?
16.
Which process is used to monitor project expenditures and manage changes to the cost baseline?
17.
Which of the following is NOT a factor considered in the 'Determine Budget' process?
18.
The cost management plan defines the management and control of costs. Which of the following is NOT a component of the cost management plan?
19.
What is the primary purpose of creating a cost baseline in project budgeting?
20.
In cost control, what is the primary purpose of using performance measurement baselines?
21.
Which technique involves breaking down project work into smaller, more manageable components to estimate costs?
22.
What is the primary use of 'trend analysis' in project cost management?
23.
What type of cost estimate is developed during the early stages of the project, with a high level of uncertainty?
24.
Which document is used to measure the performance of a project against the approved baseline?
25.
Which document specifies the amount of funds needed to complete project activities and is used to manage and control costs?
26.
In the context of cost management, what does 'variance' refer to?
27.
Which process involves estimating the costs of resources needed to complete project activities?
28.
The cost baseline is an essential component of project cost management. What does it represent?
29.
Earned Value Management (EVM) is used to assess project performance. Which of the following EVM metrics indicates the cost performance of a project?
30.
What does 'Cost Control' involve in project management?
31.
What technique involves assessing the effect of changes in project costs due to variations in project scope, schedule, or resources?
32.
Which process involves monitoring the status of the project and comparing the actual performance with the planned performance?
33.
What is the primary goal of 'cost-benefit analysis' in project management?
34.
What is the primary objective of using 'earned value management' (EVM) in cost control?
35.
Which of the following is an example of a direct project cost?
36.
A project's cost performance is expressed as a ratio of the earned value to the actual cost. Which formula represents this?
37.
Which of the following techniques is used to determine the cost of project work by comparing it with past similar projects?
38.
Which of the following is NOT typically included in the project budget?
39.
Which method involves estimating project costs based on optimistic, pessimistic, and most likely values?
40.
What is the definition of 'contingency reserve' in project cost management?
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