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WorksheetsChapter 07 Cost Management
Total questions: 20
Worksheet time: 26mins
Name
Class
Date
1.
Which of the following deprecistion methods depreciates the same amount (or percent) each year by dividing the assets cost by the number of years it is expected to be in service?
a)
Straight line
b)
Declining Balance
c)
Sum-of-Years Digits
d)
Units of Time
2.
Diana is the project manager for a complex project. Diana suspects that some of her project team members are filling false claims and having false invoices reimbursed. The invoice charges are being charged to the project budget. During which of the following processes can Diana confirm her suspicious regarding her project teams actions?
a)
Validate Scope
b)
Control Scope
c)
Control Costs
d)
Control Schedule
3.
Which of the following is not part of Project Cost Management?
a)
Estimating
b)
Budgeting
c)
Controlling
d)
Sequencing
4.
Which of the following statements regarding the Budget at Completion (BAC) and the Estimate at Completin (EAC) is correct for any project?
a)
The BAC is always greater than the EAC
b)
The EAC is always greater than the BAC
c)
he BAC is always equal to the EAC
d)
The BAC is not dependent on the EAC
5.
What is the total approved plan for the project work to which the project execution is compared known as?
a)
Earned Value (EV)
b)
Cost Variance
c)
Management Reserves
d)
Performance Measurement Baseline
6.
According to the approved plan, Flora should have completed the site inspection, site excavation, lay foundation, and assemble tower tasks. What is the projects current Cost Variance (CV)[Gambar Chapter 7 No 6]
a)
-1200
b)
1200
c)
-7500
d)
7500
7.
Crystal is making a presentation on her projects during a board meeting. Although Crystal knows that the project is behind schedule and will be at least a month late, she announces that by the end of her project, her projects total schedule variance will be zero. As the board members do not understand Earned Value Management (EVM) Crystal explains that the schedule variance is calculated by subtracting the projects total planned values from the projects total earned value. What can be concluded from this information?
a)
Crystal is an ethical project manager
b)
Crystal is stating the facts
c)
Crystal is lying
d)
Crystal is trying to deceive the board members
8.
In Kims current project, some of the activity costs deviated from the baseline by $150. This seems to be low but she wants to verify the project documents to see if the deviation is within the threshold. Where should she look for control threshold information?
a)
Cost Management Plan
b)
Performance Measurment Baseline
c)
Coast Performance Baseline
d)
Organizational Process Assets
9.
Which of the following components of the Project Management Plan is/are specifically considered during the Contol Costs process?
a)
Cost Performance Baseline
b)
Cost Management Plan
c)
oth Cost Performance Baseline and Cost Management Plan
d)
Cost Perfoemance Baseline, Cost Management Plan and Activity Cost Estimates
10.
Which of the following statements regarding Earned Vale (EV) is correct?
a)
The EV being measured is always greater than 1
b)
The EV is not used to measure the Cost Performance Index (CPI)
c)
The EV measure is always greater than the authorized Planned Value Budget for a component
d)
The term EV is often used to describe the percentage completion of project
11.
Which of the following processes develops an approximation of the monetary resources needed to complete project activities?
a)
Estimate Costs
b)
Determine Budget
c)
Control Costs
d)
Approve Costs
12.
Which of the following is not a tool or technique of the Determine Budget process?
a)
Planning Meetings and Analysis
b)
Cost Aggregation
c)
Historical Relationships
d)
Funding Limit Reconciliation
13.
Which of the following formulas is used to calculate the EAC forecast for ETC work performed at the present CPI?
a)
AC + bottom-up ETC
b)
AC + BAC – EV
c)
BAC / cumulative CPI
d)
AC + [(BAC – EV) / (cumulative CPI x cumulative SPI))]
14.
What is a Sunk Cost?
a)
Unrecoverable cost
b)
Hidden cost
c)
Depreciated cost
d)
Discounted cost
15.
The following Gantt chart displays the schedule for telecom site construction project. It contains seven activities and a hammock activity. The chart also displays various activity metrics. According to the original plan the first two activities should have been completed along with 50% of the work on the third activity, Perform Civil Works. However, only the first two activities have been completed and for some reason, no work has been performed on the third activity. What is the projects current SPI? [Gambar Chapter 7 No 15]
a)
0.5
b)
2
c)
1
d)
0
16.
Which of the following indicates the relationship among the Direct and Manage Project Work, Control Cost and Determine Budget processes?
a)
Both the Direct and Manage Project Work and the Determine Budget processes provide inputs to the Control Cost process
b)
The Direct and Manage Project Work process provides inputs to the Control Costs process which then provides inputs to the Determine Budget process
c)
The Determine Budget process provides inputs to the Control Costs process which then provides inputs to the Direct and Manage Project Work process
d)
The Determine Budget process provides inputs to the Control Costs process but these processes are not related to the Direct and Manage Project Work process
17.
hich of the following is not an input to the Determine Budget process?
a)
Resource Calendars
b)
Activity Cost Estimates
c)
Approved Change Request
d)
Agreements
18.
Which of the following Earned Value measurements is project cost trend indicator?
a)
Cost Performance Index (CPI)
b)
Schedule Variance (SV)
c)
ost Variance (CV)
d)
stimate at Completion (EAC)
19.
Which of the following will be true about the value of the CPI at the end of any project?
a)
It would be zero
b)
t would be negative
c)
It would be positive
d)
Cannot be determined
20.
Which of the following Depreciation Methods provides for a higher write-off early on as compared to other methods?
a)
Straight-Line Depreciation
b)
Declining Balance
c)
Sum-of-Years Digits
d)
Units of Time Depreciation
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