CAPM Test - Project Schedule and Cost Management

1. Which of the following is the full and correctly ordered list of processes in the Project Schedule Management Knowledge Area?

• A. Define Activities, Sequence Activities, Estimate Activity Durations, Develop Schedule, Control Schedule

• B. Define Activities, Estimate Activity Durations, Sequence Activities, Develop Schedule, Control Schedule

• C. Plan Schedule Management, Define Activities, Sequence Activities, Estimate Activity Durations, Develop Schedule, Control Schedule

• D. Plan Schedule Management, Define Activities, Sequence Activities, Estimate Activity Durations, Control Schedule, Develop Schedule

2. The Scope baseline is an input to what process in Schedule Management?

• A. The Scope baseline is an input to Plan Schedule Management

• B. The Scope baseline is an input to Define Activities

• C. The Scope baseline is an input to Estimate Activity Resource Requirements

• C. The Scope baseline is an input to Estimate Activity Resource Requirements

3. Which of the following are outputs of Define Activities?

• A. Sequenced activities

• B. Milestone chart

• C. Activity attributions

• D. None of the above

4. Which of the following are outputs of Define Activities?

• A. Activity list

• B. Milestone list

• C. Activity attributes

• D. All of the above

5. Planning is underway for a new feature to be built at an aquarium in Atlanta Georgia. The activities for this phase have all been defined within the WBS. What process will be performed next?

• A. Estimate Activity Durations

• B. Define Activities

• C. Estimate Costs

• D. Sequence Activities

6. Costs are being estimated a new project. Funding limits will be set based on these cost estimates, and if they're too low, it could cause serious delays and adverse management attention. What type of estimating will be most appropriate and why?

• A. Analogous estimating because this will capture previous project experience.

• B. Parametric estimating because nearly 80 percent of project cost is concrete, which has a predictable cost per square foot.

• C. Bottom-up estimating, because this will be most thorough

• D. Top-down estimating because the estimates need to be aligned with historical costs.

7. Which of the following is an accurate description of the Cost baseline?

• A. The cost baseline is compared against plan to calculate cost variances and CPI

• B. The cost baseline is an output of Determine Budget, is subject to formal change control and does not include any management reserves

• C. The Cost baseline is an input to Determine Budget

• D. The Cost baseline is an output of Determine Budget, and includes contingency and management reserves

8. The restaurant redesign project has incurred costs of $675,000, while the work completed was expected to cost $525,000. What is the CPI?

• A. 0.778

• B. 1.29

• C. 0.286

• D. $150,000

9. Which of the following is the correct list of processes in the Cost Management Knowledge Area?

• A. Estimate Costs; Create Budget; Control Costs

• B. Plan Cost Management, Estimate Costs, Determine Budget, Minimize Costs

• C. Plan Cost Management, Estimate Costs, Secure Funding, Minimize Costs

• D. Plan Cost Management, Estimate Costs, Determine Budget, Control Costs

10. The Atlanta aquarium Penguin expansion project has delays and cost over-runs in the past. The project manager's EVM report today is showing a CPI of 1.1 and an SPI of 0.9. What should we understand from this?

• A. Cost controls need to be tightened

• B. The project is over budget and ahead of schedule

• C. The project is ahead of schedule

• D. The project is under budget and behind schedule