196 New PMP Cost Questions & Answers with explanation
161.
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:
Select one
162.
Which of the following indicates the required cost performance in order to complete the project on budget?
Select one
163.
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
164.
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
165.
Which of the following estimating techniques will cost less but is also typically less accurate?
Select one
166.
Variance analysis refers to cost performance measurements used to determine the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses?
Select one
167.
As part of earned value management (EVM), a project manager is calculating the to-complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?
Select one
168.
In the earned value management technique, the cost performance baseline is:
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169.
While managing a large project, the project manager decided to include indirect costs as part of his cost estimate. If indirect costs are included in an estimate, which of the following is true?
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170.
Which of the following structures helps track project costs and can align with the organization’s accounting system?
Select one