Unit 5 Test 2 of 2

Front

Felicia averages three quoted costs and determines that she will need to put an extra $20,000 into the project budget. What cost estimating technique did Felicia use?

Back

vendor bid analysis

Front

Mary is using which tool to manage the cost of the project when she refines the scope, changes her timeline, and adjusts costs?

Back

funding limit reconciliation

Front

Liz looks at the activity costs that must be incurred to complete all project deliverables. Liz is determining the:

Back

project funding requirements.

Front

The project manager would like to show the rate at which the project is progressing compared to what was planned. What indicator should she reference?

Back

schedule performance index

Front

Which metric should Carol use to determine her project's future cost efficiency? Options: cost performance index, schedule variance index, schedule performance index, to-complete performance index

Back

to-complete performance index

Front

The project manager would like to determine the aggregate estimated costs from the individual work packages to create a detailed breakdown of projected costs. In which process is the project manager most likely participating?

Back

determine budget

Front

Tucker is the construction project manager for a new school building. With six months left on the project, he is able to determine whether the project is on target by using:

Back

forecasting.

Front

What is the project's earned value at the end of the second day if Ed is adding a home theater room that costs $2,500 and is 50% complete after two days?

Back

$1,250

Front

Emily is adding a garden to her yard. She estimates the work to build a raised garden will be $250 per day and will take six days to complete. What is the project's budget at completion?

Back

$1,500

Front

A project manager has a number of experts approximating the expense of completing the project's activities. This process is known as:

Back

estimating costs.