PMP Questions ID 1486 the accuracy of estimates of the cost of a project will over the life of a project

The accuracy of estimates of the cost of a project will _________ over the life of a project.

Select one

Be mitigated

Improve

Decrease

Remain neutral

A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be an incorrect way to plan for contingency reserves?

Select one

Use quantitative analysis methods to arrive at the contingency reserve.

Start the project with a zero value for contingency reserve.

Plan for contingency reserve as a fixed number.

Plan for contingency reserve as a percentage of the estimated cost.

As the project manager of a large project, you have just completed the Estimate Costs process. As you begin the Determine Budget process, which of the following would you require as inputs to the process from the Estimate Costs process?

Select one

Activity cost estimates, basis of estimates

Activity cost estimates, activity resource estimates

Resource breakdown structure, agreements

Activity cost estimates, staff management plan

A project manager presented earned value analysis data in a tabular format in a performance report. Another way the project manager could have presented the earned value analysis data is with:

Select one

A linear graph

An S-curve

A logarithmic curve

An Epsilon graph

The most recent analysis of Microcorp's new fabrication facility renovation project shows a CPI value of less than 1.0. What does this indicate?

Select one

The cost has overrun estimates.

The cost has underrun estimates.

The project is running ahead of schedule.

The schedule has slipped.

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