Test your basic knowledge |

CAPM Cost Management

Instructions:
  • Answer 26 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. What does life cycle costing mean?






2. What is value analysis?






3. What are the formulas for estimate at completion?






4. What are the main approaches to cost or schedule estimating?






5. What is the difference between a cost budget and a cost baseline?






6. What is the formula for schedule variance?






7. What is the formula for schedule performance index?






8. What is the range for a rough order of magnitude estimate?






9. What is the formula for estimate to complete?






10. What is the range for a definitive estimate?






11. What are key outputs of the Control Costs process?






12. What is parametric estimating?






13. What is the formula for TCPI?






14. What are key outputs of the Determine Budget process?






15. What is the formula for variance at completion?






16. What is earned value measurement?






17. What is analogous estimating?






18. What is the process of cost management?






19. Name inputs to the Estimate Costs process.






20. Describe a direct cost and and indirect cost chargeable to the project






21. What is the formula for cost variance?






22. What is the formula for cost perfrmance index?






23. In which process is the cost management plan created?






24. Describe a varable cost and a fixed cost chargeable to the project.






25. What is the range for a budget estimate?






26. What are key outputs of the Estimate Costs process?