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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 is the formula for cost perfrmance index?






2. What is analogous estimating?






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






4. What is the range for a definitive estimate?






5. What is the formula for estimate to complete?






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






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






8. What are the formulas for estimate at completion?






9. Name inputs to the Estimate Costs process.






10. What is parametric estimating?






11. What does life cycle costing mean?






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






13. What is the range for a budget estimate?






14. What is the formula for TCPI?






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






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






17. What is earned value measurement?






18. What is the formula for schedule performance index?






19. What is the formula for cost variance?






20. What is the process of cost management?






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






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






23. What is value analysis?






24. What is the formula for schedule variance?






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






26. What is the formula for variance at completion?