Question $1(1$ point$)$

$$

A work element in a project plan requires $25$ labour hours each by $3$ carpenters. $$The carpenters are paid $$25$ an hour and incur benefit and overhead costs of $70\%$ of their direct labour cost. The total carpenter cost assigned to the work element is

Question $1$ options:

over $$15,000$

between $$10,001$ and $$15,000$

less than $$5,000$

between $$5,000$ and $$10,000$

Question $2(1$ point$)$

$$

The allowance for contingencies is usually is the range of

Question $2$ options:

$1\%$ to $5\%$

$6\%$ to $9\%$

$5\%$ to $10\%$

$7\%$ to $11\%$

Question $3(1$ point$)$

$$

You have been asked to estimate the costs for a project to build an industrial power plan. Based on historical data, the steam turbine which costs $$400,000$ accounts for $25\%$ of the total costs of the plant. The expected top down estimated cost for this project would be

Question $3$ options:

$$1,600,000$

$$1,800,000$

$$600,000$

$$900,000$

Question $4(1$ point$)$

$$

The matter of what overhead costs are added and in what amounts is within the project manager's control

Question $4$ options:

TrueFalse

Question $5(1$ point$)$

$$

The project manager alone should prepare the cost estimates for the project

Question $5$ options:

TrueFalse

Question $6(1$ point$)$

$$

Suppose an individual requires $60$ minutes to complete a task on the first attempt, and $48$ minutes on the second attempt. The learning rate for this individual is

Question $6$ options:

$70$

$80$

$60$

$50$

Question $7(1$ point$)$

$$

To develop a budget the project manage must work with others to forecast...

Question $7$ options:

the cost of the resources

all of these points

when the resources are needed

the resources required

Question $8(1$ point$)$

$$

Estimating the probability and consequences of risks and the impact on project deliverables is

Question $8$ options:

qualitative risk analysis

quantitative risk analysis

risk management planning

risk identifiaction

Question $9(1$ point$)$

$$

Which of the following is not a type of quantitative risk analysis

Question $9$ options:

FMEA

simulation

expert judgement

decision tree

Question $10(1$ point$)$

$$

The first year's salary cost for a project is $$550,000$ and wages are forecasted to increase $10\%$ each year. The non$-$discounted salary cost of a $3$ year project is

Question $10$ options:

between $$1,000,000$ and $$2,000,000$

under $$1,000,000$

over $$3,000,000$

between $$2,000,001$ and $$3,000,000$