同步训练5-项目成本管理

1.You provide a project cost estimate to the project sponsor. He is unhappy with the estimate, because he thinks the price should be lower. He asks you to cut 15 percent off the project estimate. What should you do?

2. The difference between the cost baseline and the cost budget can be BEST described as?

3. You are a project manager for a large consulting firm. Your superior has just asked for your input on a decision about which project your company should pursue. Project A has an internal rate of return (IRR) of 12 percent. Project B has a predicted benefit cost ratio (BCR) of 1.3. Project C has an opportunity cost of U.S. $75,000. Project D has a payback period of six months. If you had to choose based on this data, which project would you select?

4. Although the stakeholders thought there was enough money in the budget,halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the "estimate was completed. Which of the following describes what was missing?

5. To accommodate a new project in your department, you need to move resources from one project to another. Because your department is currently working at capacity, moving resources will inevitably delay the project from which you move the resources. It would cause the LEAST negative impact if you move resources from which of the following projects?

6. You are asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the budget EXCEPT?

7. The project manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What process is this?

8.You have just completed the initiating processes of a small project and are moving into the planning processes when a project stakeholder asks you for the project s budget and cost baseline. What should you tell her?

9. Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

10. The seller tells you that your activities have resulted in an increase in their costs. You should:

11. Your company can accept one of three possible projects. Project A has a net present value (NPV) of U.S. $30,000 and will take six years to complete.Project B has an NPV of U.S. $60,000 and will take three years to complete.Project C has an NPV of U.S. $90,000 and will take four years to complete.Based on this information, which project would you pick?

12.As a project manager, you are presented with the following information on the net present value (NPV) of several potential projects. Which project is your BEST choice?

13. Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of 19 percent. Which of these would be the BEST project?

14. Which of the following represents the estimated value of the work actually accomplished?

15. Value analysis is performed to get:

16. A project manager for a small construction company has a project that was budgeted for U.S. $130,000 over a six week period. According to her schedule, the project should have cost U.S. $60,000 to date. However, it has cost U.S. $90,0oo to date. The project is also behind schedule, because the original estimates were not accurate. Who has the PRIMARY responsibility to solve this problem?

17. The ___ can be used to assess outlays and funding requirements

18. You are project manager for a project with a multi-million value assigned by a company that is listed at a US stock exchange. Recent Earned value analysis after app. 25% completion told you that your project has a CPI of 0.76. What should you do right now?

19.You are running a project which was budgeted based on some Rough order of magnitude (ROM) estimates with a precision of -50% /+100%. Meanwhile, with new estimates made on detail level and some work already finished, you found out that these estimates were consistently too low and the budget will not be sufficient to successfully run and finish the project. What should you do?

20. A project underwent a major Scope change, which increased cost and work levels. What does this mean for Earned value data?

21. Post mortem Earned value analysis of a project which is going to be closed showed the following data: SPI: 0.72 CPI: 1.00 What is this telling you?

22. A project manager reported the following Earned value data: PV:$12,400,000;EV: $14,500,000;AC: $14,500,000 What does this mean?

23.Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: $1,200,000, EV: $1,000,000, AC:$1,200,000 You expect the underestimation to influence the future as much as it did in the past.If the BTC (Budget to complete) is at $1,000,000, what should be your new EAC (Estimate at Completion)?

24. ___are not necessarily used to establish the Cost baseline of a project?

25. A project was budgeted at $1,000,000. The project is meanwhile being executed,and the following current figures have been assessed: PV: $500,000 EV:$450,000 AC: $550,000 Assuming that the Cost variance was caused by one-time cost drivers, which are no more effective, what Estimate at completion (EaC) can you derive from these figures?

26. You are assigned as a project manager for an internal project. During cost planning and budgeting you found out, that there are peak times of costs during the project and other times when costs are fairly low. What could this mean for the project?

27. Your management applies the 10 percent solution: It has requested that you reduce the budget for the project which you are currently initiating by 10%. What will this probably mean for your project?

28. During which process is the Cost baseline developed?

29. If cost variance is negative, but schedule variance is positive, then this indicates:

30. Project setup costs are an example of:

31. Which factor would NOT be considered when choosing between two projects to undertake?

32. How close to actual costs should a definitive budget estimate be?

33. Which of the following is an example of a parametric estimate?

34. A schedule performance index (SPI) of 0.76 means:

35. The main focus of life cycle costing is to:

36. The cost of choosing one project and giving up another is called:

37. Double declining balance is a form of:

38. If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) =325, what is cost variance (CV)?

39. Which of the following techniques uses statistical relationship between historical data and other variables to calculate a cost estimate for a schedule activity resource?

40. In which project management process group is the detailed project budget created?

41. In your project, you are using project files, records and closed contracts to determine the cost of many categories of resources. This will help you to estimate the cost of the resources needed to complete the project activities. This information is available to you as a part of :

42. Which type of costing is team training?

43. Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline: PV: $1,200,000, EV: $1,000,000,AC:$1,200,000 You expect the underestimation to influence the future as much as it did in the past. If the BTC (Budget to complete) is at $1,000,000, what should be your new EAC (Estimate at Completion)?

44.1f you have Estimate at Completion(EAC) and Budget at Completion(BAC),How will you compute Cost Performance Index(CPI)?

45. You are arranging a big company get together and you are expecting 1000 participants. You have rented a large hall and due to heavy rain only 800 people turned up for the event You have spent $1,000 for the hall. Which of the following is true?

46. You are talking to the project manager of Alpha Networks. He was talking about his prestigeous project Starnet which he executed last year and said the payback period is ended. What do you understand from this?

47. You are performing Earned value technique on your project. After budget approval, an additional and unexpected cost item has been identified, which made the project more expensive some weeks ago. The item has meanwhile been paid by the project team, and it is expected that for the remaining duration of the project, costs will be as budgeted. In this case, which is the best formula to calculate EAC (Estimate at Completion)?

48. An organization is considering a project opinion which will cost $100,000 and take 6 months to deliver. It is forseen that benifits will start being delivered at month 7 providing $ 20,000 per month. What is the payback period?

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

50. Which type of cost estimate is based on individual activities?