Project Cost Management | PMP Quiz

 



PMP Quiz contain set of 10 MCQ questions for Project Cost Management MCQ which will help you to clear beginner level quiz.

1. Reserve Analysis a technique NOT used in:
   1. Estimate Costs
   2. Determine Budget
   3. Control Costs
   4. Estimate Activity Duration
2. A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000?
   1. Cost Variance
   2. Management Overhead
   3. Management Contingency Reserve
   4. Schedule Variance
3. Project Cost Management Plan is created as a part of:
   1. Develop Project Management Plan process
   2. Estimate Costs process
   3. Determine Budget process
   4. Control Costs process
4. A particular project in the domain of civil construction requires that every on-site worker be insured. Which of the following inputs BEST conveys this requirement to the Estimate Costs process so that the insurance cost is estimated and subsequently budgeted:
   1. Enterprise Environmental Factor
   2. Organizational Process Assets
   3. Project Scope Statement
   4. Project Management Plan
5. _____________ is not a part of the project cost baseline but is included in the project budget:
   1. Activity Cost Contingency Reserve
   2. Management Contingency Reserve
   3. Management Overheads
   4. Project Management Planing
6. _____________ is not part of the Earned Value calculations.
   1. Known Unknowns
   2. Unknown Unknowns
   3. Project Budget
   4. Amount of work completed
7. What is the BEST way to make an accurate forecasting of ETC?
   1. Manual Forecasting of cost of remaining work.
   2. BAC – EV
   3. (BAC – EV)/CPI
   4. EAC – AC
8. If the Earned Value is equal to Actual Cost, it means:
   1. Project is on budget and on schedule
   2. Schedule Variance Index is 1
   3. There is no schedule variance
   4. There is no cost variance
      
9. Trend Analysis is BEST described as:
   1. Analyzing performance of similar projects over time
   2. Examining project performance over time
   3. Calculating Earned Value
   4. Calculating Cost Variance
10. Which of the following is not done as part of Performance Measurements?
    1. Calculating Planned Value
    2. Calculating Earned Value
    3. Calculating ETC
    4. Calculating Cost Variance