CAPM - Project Cost Management Sample Questions

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* 1. The Cost Performance Baseline is a time-phased budget and is used as a basis to measure, monitor, and control overall cost performance of the project. It is usually displayed in the form of:

An inverted S-curve.

Pie-chart

An S-curve

A Z curve

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* 2. Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:

Anticipated but not certain events

Unanticipated events

Anticipated and certain events

Scope creep

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* 3. A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50 percent of the project is complete and actual costs are $50,000. What is the Cost Performance Index (CPI)?

The CPI is 0.5

The CPI is 1

The CPI is 2

The CPI is 1.5

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* 4. Your project is midway through a delivery schedule. As the project manager, you want to determine how much work remains. Which is the most accurate way to determine the remaining work the project team must carry out?

A Manual forecast

Future analysis

Earned Value Technique

Rolling wave method

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* 5. An estimating technique that uses a statistical relationship between historical data and other variables (such as square footage in construction or lines of code in software development) is known as:

Bottom-up Estimating

Parametric Estimating

Analogous Estimating

Historical Analysis