1. Project goal setting includes setting a baseline plan, which is predicated on:

Select one:

a. the type of gap analysis the project team plans to use.

b. an accurate work breakdown structure.

c. the budget and schedule limitations.

d. the progress measurement.

2. The firm set aside a little extra money just in case an unforeseen element of cost pushed the project beyond what they had budgeted. This extra money is called:

Select one:

a. a sinking fund.

b. a contingency reserve.

c. an escalation clause.

d. a rainy day fund.

3. A lessons-learned analysis falls under the project closeout management element of:

Select one:

a. finishing the work.

b. handing over the product.

c. reviewing how it all went.

d. putting it all to bed.

4. Poor initial scope development and work breakdown structure often creates cost overruns that are attributable to:

Select one:

a. external factors.

b. unexpected technical difficulties.

c. lack of definition.

d. deliberate low initial estimates.