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