[PM] Checking comprehension_Chap 7

Which of the following is a valid way of evaluating the financial feasibility of a project?

• Return on investment

• Net present value

• Internal rate of return

• All of the above

The three common classification systems for estimates includes all of the following except:

• Parametric estimates

• Quick-and-dirty estimates

• Analogy estimates

• Engineering estimates

The most accurate estimates are:

• Parametric estimates

• Quick-and-dirty estimates

• Analogy estimates

• Engineering estimates

Which of the following is considered to be a bottom-up estimator rather than a top-down estimate?

• Parametric estimates

• Analogy estimates

• Engineering estimates

• None of the above

Which of the following would be considered as a cost-estimating relationship (CER)?

• Mathematical equations based upon regression analysis

• Learning curves

• Cost–cost or cost–quantity relationships

• All of the above

If a worker earns $30 per hour in salary but the project is charged $75 per hour for each hour the individual works, then the overhead rate is:

• 100%

• 150%

• 250%

• None of the above

Information supplied to a customer to support the financial data provided in a proposal is commonly called:

• Backup data

• Engineering support data

• Labor justification estimates

• Legal rights estimates

Estimating pitfalls can result from:

• Poorly defined statement of work

• Failure to account for risks in the estimates

• Using the wrong estimating techniques

• All of the above

The source of many estimating risks is:

• Poorly defined requirements

• An inexperienced project manager

• Lack of management support during estimating

• All of the above

A project where the scope evolves as the work takes place is called either progressive planning or:

• Synchronous planning

• Continuous planning

• Rolling wave planning

• Continuous reestimation planning