QUEST When comparing the cost of competing projects, which of the following is typically NOT considered?
A Opportunity costs.
B Direct costs.
C Sunk costs.
D Indirect costs.
E Burden rates.
C
QUEST The Cost Performance Index (CPI) measures:
A cost of work performed vs planned costs.
B work performed vs cost of work performed.
C work performed vs planned work.
D direct costs vs indirect costs.
E floating costs vs. sunk costs.
B
QUEST Parametric estimates are based on variables such as:
A Detailed planning and cost restraints.
B Physical characteristics and historical data.
C The WBS and similar projects.
D Project objectives and manpower allocations.
E Precise measurements and multiple inputs.
B
QUEST Cost and schedule data are usually integrated because:
A optimized project cash flow can affect financial requirements
B they provide MIS with an integrated system to produce reports
C they control escalation allowances
D they account for omissions in the definitive estimate
E they predict future performance
E
QUEST Continually measuring and monitoring the actual cost versus the budget is done to _____.
A analyze the reasons for variances
B establish the variances
C identify the problems
D All of the above.
E None of the above.
D
QUEST Using the cumulative cost curve in the special window, height B represents
A actual cost to date
B total budgeted costs for the project
C planned cost for month 6
D cost variance
E earned value
B
QUEST Value engineering/Analysis is the systematic use of techniques which does not include _____.
A establishing values for required functions
B provide the required functions at the lowest overall cost.
C identifies the required function of an item
D seeks to trade performance for cost
E None of the above.
D
QUEST The ability to achieve cost savings is inversely proportional to _____.
A the earned value achieved to date
B the estimated costs to complete
C empowerment to the P.M.
D productivity
E None of the above.
A
