Question 1

Which of the following is not an example of a variable?

Options :

A : Size

B : Weight

C : Shape

D : Stamping tool

Answer: D

Question 2

External workshop moderators have all the following advantages except:

Options :

A : Big projects justify an external moderator

B : External moderators are in a better position to perform workshop follow-up

C : External moderators are a member of the project team

D : External moderators can be objective in the implementation of the risk workshop

Answer: C

Question 3

A common explanation of differences between two estimates is:

Options :

A : The estimator has made a mistake

B : Different estimating software was used in preparation of the two estimates

C : The estimates were prepared at different points in time

D : A change has been made in the scope of the project

Answer: D

Question 4

The following is the result of the range estimating analysis. If you wish to be 80% certain of not over running the estimate, how much contingency should you add?

Options :

A : ($25)

B : $80

C : It cannot be determined from the table

D : $328

Answer: D

Question 5

_______________ are associated with an asset and extend the cost management information beyond the acquisition (creation) of the asset to the use and disposal of the asset.

Options :

A : Life-Cycle Costs (LCC)

B : Indirect Costs

C : Fixed Costs

D : Variable Costs

Answer: A

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