41. Determining what resources and quantities will be used for the project is part of A. Cost budgeting B. Cost estimating C. Resource planning D. Cost control
42. The Scope Statement is used in which process A. Resource Planning B. Cost Estimating C. Cost Control D. Cost Planning
43. Inputs into Resource Planning include: A. Staffing requirements, procurement policies, Work Breakdown Structure B. Work Breakdown Structure, Scope Statement, historical information, resource pool description, organizational policies C. Work Breakdown Structure, Scope definition, resource pool description D. Expert judgement, historical information, Work Breakdown Structure, Scope Statement
44. The term resource planning refers to: A. Labor B. Capital equipment C. Materials D. All of the above
45. Cost estimating includes all of the following except: A. Identifying and considering various costing alternatives B. Pricing strategy C. Developing an assessment of the likely quantitative result D. Baselining
46. Cost Estimating is most closely linked with which other process? A. Procurement, Risk B. Scope, Procurement C. Time, Scope D. Risk, Time, Integration
47. Parametric Modeling and Analogous Estimating are used in what process: A. Cost Control Tools and Techniques B. Cost Estimating Tools and Techniques C. Risk Analysis Tools and Techniques D. Risk Analysis Outputs
48. You are building the budget for your project. You dont have detailed requirements for the project yet. However, a fellow project manager completed a similar project A year ago, and has his budget assumptions and final costs documented. You decide to use this information as the basis of your cost estimating. This is called: A. Analogous estimating B. Parametric modeling C. Bottom-up estimating D. Spreadsheeting
49. As the Project Cost Engineer on a high rise development you are preparing your budget. You have developed a template, based on similar projects that can be used for buildings with 3-25 tories. It breaks out cost per square foot for plumbing, wiring, HVAC, dry wall, floors etc. This type of cost estimating is called: A. Analogous estimating B. Parametric modeling C. Bottom up estimating D. Spreadsheeting
50. Before you begin the cost budgeting process for building a new school you should make sure your cost engineer has given you: A. Cost estimates, chart of accounts, cost baseline B. Supporting detail, estimate at completion C. Cost estimates and supporting detail, D. Cost management plan, cost change control plan, cost baseline