Project Controls PC 09 Rev 03

Contingency Reserves are not included in the Project Baseline.

• True

• False

Tasks, Work Packages, Contingency Reserves and which option provides the Project Cost Baseline?

• Risk Audit

• WBS Coding Structure

• Control Accounts

• Change Control Process

Management Reserves are included in which option?

• Employee Group Bonding Sessions.

• The Cost Baseline

• To Provide the Work Christmas Party

• Project Budget

Known Unknowns and Unknown Unknowns in respect of Project Risk and Tolerance are mitigated with the provision of which options?

• WBS & Project Management Plan

• Management Reserves and Change Control Processes

• Management and Contingency Reserves

• WBS, CBS, OBS Iterations

The normal payment process means that certain types of costs must be tracked, which option is correct?

• committed costs

• accruals

• actual costs

• All options Listed

Work involved in creating the deliverables and the processes used to create them is called what?

• Change Request Elaboration.

• Integration Management.

• Monitoring and Controlling Process

• Project Scope Management.

Product scope is the deliverable where as the Project scope is how you will deliver this using knowledge areas and processes!

• True

• False

Cost of debt ratio is ?

• Loses to date within a Project.

• Interest rates increases against loans.

• measures leverage by a company in terms of total debt against total assets.

• All options listed.

A conclusive test of the success or value of something is known as what?

• Go no Go.

• Win Win

• Acid Test

• None of the options listed.

What is considered the meaning of a profit and loss account ?

• The meaning does not exist within Project Controls.

• An overview of the Market Share Price for you business.

• Pension High, medium and low risk investment.

• An overview of company revenue and expenses over a given period of time.