WorksheetsProject Cost Management (PM 4) Level 2 (VILT) - Cost Est S2
Total questions: 6
Worksheet time: 3mins
Unit cost refers to…
A. The cost of one unit where “unit” refers to a dwelling unit such as an apartment
B. The cost of a given unit of a product or service
C. The cost of labor, materials, equipment, and overhead, “united”
D. The cost of one “unit” of labor
Which of the following shall be considered as indirect resources?
A. Pipes
B. Welders
C. Insurances and freights
D. All of the above
"Cost - Capacity Factor” method also known as
A. Six-tenth rules
B. Cost Curve Factor
C. Location Index
D. Productivity Index
The documents needed for a Material Take Off, quantity include:
A. Project drawings
B. General conditions
C. Project specifications
D. All of the above
Management reserve is…
A. An amount outside the project scope and cost baseline to allow for discretionary management purposes
B. Another term for "contingency"
C. Reserved for work outside the original scope
D. Usually under the control of the project team
Which of the following would increase the accuracy of estimating the project cost?
A. Pricing out the work at lower levels in the work breakdown structure
B. Using historical data
C. Talking to people who have worked on similar projects
D. All of the above
