Mini PMP Quiz

A hierarchical representation of resources by category and type is called

• Resource analysis
• Organization chart
• Resource Breakdown Structure
• Resource assignment chart

The following tools and techniques can be used in estimate activity resources process EXCEPT

• Bottom-up estimating
• Analogous estimating
• Parametric estimating
• Three point estimating

A process of obtaining team members, facilities, equipment, materials, supplies and other resources necessary to complete the project work is

• Estimate activity resources
• Acquire resources
• Plan resource management
• Control resources

A cost management plan can establish the following EXCEPT

• Unit of measure
• Level of precision
• Control threshold
• Three point estimating

A method of estimating a component of work, where the cost of individual work packages or activities is estimated to the greatest level of specified details is called

• Analogous estimating
• Bottom-up estimating
• Parametric estimating
• Three-point estimating

An approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures is called

• Budget planning
• Contingency reserve
• Management reserve
• Cost baseline

The below techniques that can be used to estimate the activity duration EXCEPT

• Analogous estimating
• Parametric estimating
• Three point estimating
• Resource estimating

A process of monitoring the status of the project to update the project cost and managing changes to the cost baseline is called

• Earned value management
• Monitoring and controlling process group
• Cost baseline
• Control cost

An analysis technique that compares the performance measurement baseline to the actual schedule and cost performance is called

• Earned value management
• Monitoring and controlling process group
• Cost baseline
• Control cost

An amount of the project budget or project schedule held outside of the performance measurement baseline for management control purposes, that is reserved for unforeseen work that is within the scope of the project is called

• Contingency reserve
• Management reserve
• Cost baseline
• Cost of risk