1 The utility of network-based schedules:

　　A Reveals interdependencies.

　　B Facilitates “what if” exercises.

　　C Highlights critical activities.

　　D Provides information on resource requirements, time requirements and tradeoffs.

　　E All of the above.

　　ans:E

　　2 The major disadvantage of a bar chart is:

　　A Lack of time-phasing.

　　B Cannot be related to calendar dates.

　　C does not show activity interrelationships.

　　D Cannot be related to manpower planning.

　　E Cannot be related to cost estimates.

　　ans:C

　　3 The most common types of schedules are Gantt charts, milestone charts, line of balance, and:

　　A Networks.

　　B Time phased events.

　　C Calendar integrated activities.

　　D A and C only.

　　E B and C only.

　　ans:A

　　4 Scheduling is the process by which decisions are made concerning:

　　A Tasks to be accomplished.

　　B Personnel/organization that will be assigned to accomplish the task.

　　C Time when the tasks are to be completed.

　　D All of the above.

　　E A and C only.

　　ans:E

　　5 Time management is the allocation of time in a project's life cycle through the process of:

　　A Planning

　　B Estimating.

　　C Scheduling.

　　D Controlling

　　E All of the above.

　　ans:E

　　6 Using the situation shown in the Special window and assuming continues efficiency for work-in-progress and fixed price contract for task four. The estimate at completion is:

　　A $19K

　　B $21K

　　C $26K

　　D $29K

　　E indeterminate

　　ans:C

　　7 Using the situation stated in the Special window, a comparison of the cost variance of August as compared to July shows that the magnitude （$ value） of the variance has _____ and the percentage change has _____.

　　A Become worse, become worse

　　B Become worse, improved

　　C Improved, increased

　　D Improved, become worse

　　E None of the above are correct

　　ans:B

　　8 The computation for Cost Performance Index is:

　　A BCWP/ACWP

　　B BCWP-ACWP

　　C BCWP-BCWS

　　D ACWP/BCWP

　　E ACWP-BCWS

　　ans:A

　　9 When comparing the cost of competing projects, which of the following is typically NOT nsidered?

　　A Opportunity costs.

　　B Direct costs.

　　C Sunk costs.

　　D Indirect costs.

　　E Burden rates.

　　ans:C

　　10 The Cost Performance Index （CPI） measures:

　　A cost of work performed vs planned costs.

　　B work performed vs cost of work performed.

　　C work performed vs planned work.

　　D direct costs vs indirect costs.

　　E floating costs vs. sunk costs.

　　ans:B

　　11 Parametric estimates are based on variables such as:

　　A Detailed planning and cost restraints.

　　B Physical characteristics and historical data.

　　C The WBS and similar projects.

　　D Project objectives and manpower allocations.

　　E Precise measurements and multiple inputs.

　　ans:B

　　12 Cost and schedule data are usually integrated because:

　　A optimized project cash flow can affect financial requirements

　　B they provide MIS with an integrated system to produce reports

　　C they control escalation allowances

　　D they account for omissions in the definitive estimate

　　E they predict future performance

　　ans:E

　　13 Continually measuring and monitoring the actual cost versus the budget is done to _____.

　　A analyze the reasons for variances

　　B establish the variances

　　C identify the problems

　　D All of the above.

　　E None of the above.

　　ans:D

　　14 Using the cumulative cost curve in the special window, height B represents

　　A actual cost to date

　　B total budgeted costs for the project

　　C planned cost for month 6

　　D cost variance

　　E earned value

　　ans:B

　　15 Value engineering/Analysis is the systematic use of techniques which does not include _____.

　　A establishing values for required functions

　　B provide the required functions at the lowest overall cost.

　　C identifies the required function of an item

　　D seeks to trade performance for cost

　　E None of the above.

　　ans:D

　　16 The ability to achieve cost savings is inversely proportional to _____.

　　A the earned value achieved to date

　　B the estimated costs to complete

　　C empowerment to the P.M.

　　D productivity

　　E None of the above.

　　ans:A

　　17 The estimated cost to complete （ETC） is _____.

　　A BCWP/ACWP

　　B the forecasted and final cost - cost to date

　　C （ACWP-BCWP）/BCWP * 100

　　D Total estimate - ACWP

　　E None of the above.

　　ans:B

　　18 Considering alternate suppliers is a form of _____.

　　A Value engineering.

　　B Risk Analysis

　　C Contract Management

　　D Project integration

　　E All of the above.

　　ans:A

　　19 You have summarized the project and note that 28,000 hours have been scheduled, 25,000 hours have been earned and 26,000 hours paid. The correct onclusion is:

　　A The project is operating at a favorable cost efficiency ratio.

　　B the project is spending more than planned

　　C the project is behind schedule

　　D the project is ahead of schedule

　　E B and C

　　ans:C

　　20 Cost forecasting calculations include:

　　A EAC = ACWP + （BAC - BCWP）

　　B EAC = BAC/CPI

　　C EAC = ACWP + （BAC/CPI）

　　D All of the above.

　　E A and B

　　ans:E