PMP Test – C07_01 01. One common way to compute

Profesor:
Francisco Javier Sanz Pérez
© by fjspsv, 2011
PMP Test – C07_01
01.
One common way to compute estimate at completion (EAC) is to take the budget at
completion (BAC) and:
A.
B.
C.
D.
02.
Estimate at completion (EAC) is a periodic evaluation of:
A.
B.
C.
D.
03.
Fixed cost.
Sunk cost.
Net present value (NPV).
Opportunity cost.
The main focus of life cycle costing is to:
A.
B.
C.
D.
08.
Uses bottom-up estimating techniques.
Is used most frequently during the executing processes of the project.
Uses top-down estimating techniques.
Allways uses actual detailed historical costs.
The cost of choosing one project and giving up another is called:
A.
B.
C.
D.
07.
Decelerated depreciation.
Straight line depreciation.
Accelerated depreciation.
Life cycle costing.
Analogous estimating:
A.
B.
C.
D.
06.
350.
-75.
400.
-50.
Double declining balance is a form of:
A.
B.
C.
D.
05.
Cost of work completed.
Value of work performed.
Anticipated total cost at project completion.
What it will cost to finish the job.
If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is
cost variance (CV)?
A.
B.
C.
D.
04.
Divide by SPI.
Multiply by SPI.
Multiply by CPI.
Divide by CPI.
Estimate installation costs.
Estimate the cost of operations and maintenance.
Consider installation costs when planning the project costs.
Consider operations and maintenance costs in making project decisions.
Cost performance measurement is best done through which of the following?
A.
B.
Asking for a percent complete from each team member and reporting that in the
monthly progress report.
Calculating earned value and using the indexes and other calculations to report
past performance and forecast future performance.
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Profesor:
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C.
D.
09.
A cost performance index (CPI) of 0.89 means:
A.
B.
C.
D.
10.
-75 percent to +25 percent.
-10 percent to +15 percent.
+10 percent to -25 percent.
-15 percent to +20 percent.
Which factor would not be considered when choosing between two projects to
undertake?
A.
B.
C.
D.
16.
Project planning.
Project closing.
Project executing.
Project initiating.
How close to actual costs should a definitive budget estimate is?
A.
B.
C.
D.
15.
Dollars per module.
Learning bend.
Bottom-up.
CPM.
A less rough order of magnitude estimate is made during which project management
process group?
A.
B.
C.
D.
14.
WBS.
Network diagram.
Risks.
Change control procedure.
Which of the following is an example of a parametric estimate?
A.
B.
C.
D.
13.
The project is over budget.
The project is ahead of schedule.
The project is only progressing at 76 percent of the rate originally planned.
The project is only progressing at 24 percent of the rate originally planned.
Which of the following is not needed in order to come up with a project estimate?
A.
B.
C.
D.
12.
At this time, we expect the total project to cost 89 percent more than planned.
When the project is completed we will have spent 89 percent more than planned.
The project is only progressing at 89 percent of that planned.
The project is only getting 89 cents value out of every dollar invested.
A project schedule performance index (SPI) of 0.76 means:
A.
B.
C.
D.
11.
Using the 50/50 rule and making sure the life cycle cost is less than the project
cost.
Focusing on the amount expended last month and what will be expended the
following month.
Net present value (NPV).
Benefit cost ratio (BCR).
Payback period.
Law of diminishing returns.
If project A has a net present value (NPV) of U.S. $30,000 and project B has an NPV of
U.S. $50,000, what is the opportunity cost if project B is selected?
A.
$23,000.
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Profesor:
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B.
C.
D.
17.
Which type of cost is team training?
A.
B.
C.
D.
18.
AC + ETC.
AC + (BAC - EV).
BAC / CPI.
AC + ((BAC – EV) /CPI X SPI).
In calculating the project TCPI using the formula (BAC - EV) / (BAC - AC), we obtain a
value of 1. 6 How should we interpret this result?
A.
B.
C.
D.
23.
Team.
Buyer.
Seller.
Management.
What formula is used to calculate the EAC, when deciding that the future will be able to
meet the approved plan for the project?
A.
B.
C.
D.
22.
More value from the cost analysis.
Management to buy into the project.
The team to buy into the project.
A less costly way of doing the same work.
Who has the cost risk in a fixed price (FP) contract?
A.
B.
C.
D.
21.
Variable costs.
Fixed costs.
Overhead costs.
Opportunity costs.
Value analysis is performed to get:
A.
B.
C.
D.
20.
Direct.
NPV.
Indirect.
Fixed.
Project setup costs are an example of:
A.
B.
C.
D.
19.
$30,000.
$20,000.
$50,000.
Because the index is greater than one, the project goes well, both in cost and on
time.
The project is well on cost, because the index is greater than one
Because the index is greater than one, the project goes well to the deadline.
There is not enough budget to complete the work to be done.
Meet the project scope required to submit a photocopy machine to the customer. A
model costs € 10,000 and 5 years. The B model costs 16,000 € and lasts 10 years.
Maintenance costs of the two models are similar. Following the approach of life cycle
cost, which photocopy machine you would choose.
A.
B.
C.
D.
Model A, the criterion we should deliver the cheapest.
Model B, because it has a cost closer to his life.
Model A, because the project budget must be as low as possible.
Model B, since you always have to deliver the highest quality components.
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Profesor:
Francisco Javier Sanz Pérez
© by fjspsv, 2011
24.
What better expresses the difference between management reserve and contingency
reserve?
A.
B.
C.
D.
25.
The management reserve is made for known risks and contingency reserve for
unknown hazards.
The management reserve belongs to the project manager and the contingency
reserve to the project sponsor.
The contingency reserve is made for known risks and management reserve for
unknown hazards.
The management reserve is part of the baseline and the contingency reserve is
outside.
What better expresses the difference between a reserve and padding?
A.
B.
C.
D.
The reserve is known and shared by the team, while the mattress is hidden by
individuals.
The reserve is estimated to detail (bottom up) and padding at high level (top
down).
Reserve is for known risks and padding for unknown risks.
Reserve is economic and padding is temporal.
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Profesor:
Francisco Javier Sanz Pérez
© by fjspsv, 2011
PMP Test – C07_01
Solution
Question Area Answer
01
Cost
D
02
Cost
C
03
Cost
D
04
Cost
C
05
Cost
C
06
Cost
D
07
Cost
D
08
Cost
B
09
Cost
D
10
Cost
C
11
Cost
D
12
Cost
A
13
Cost
D
14
Cost
B
15
Cost
D
16
Cost
B
17
Cost
A
18
Cost
B
19
Cost
D
20
Cost
C
20
Cost
C
21
Cost
B
22
Cost
D
23
Cost
B
24
Cost
C
25
Cost
A
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