multiple choice

1 Planned value is :

a.

The cumulative total costs incurred in accomplishing the various project work packages.

b.

The total budget for the project.

c.

The real budgeted value of the work that has actually been performed to date.

d.

A cost estimate of the budgeted resources across the project's life cycle.

2 Cost estimates that are based as a guideline on real numbers, or figures derived after the completion of preliminary design work, are:

a.

Parametric estimates.

b.

Definitive estimates.

c.

Order of magnitude estimates.

d.

Feasibility estimates.

3 Which of the following is NOT contained in a typical time-phased budget?

a.

Total expenses for each activity

b.

Cumulative expenses for each time unit

c.

Total expenses for each time unit

d.

Cumulative time for each expense

4 Earned value is:

a.

The total budget for the project.

b.

The real budgeted value of the work that has actually been performed to date.

c.

The cumulative total costs incurred in accomplishing the various project work packages.

d.

A cost estimate of the budgeted resources across the project's life cycle.

5 Material is an example of a cost that is recurring, fixed and indirect.

a.

False

b.

True