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Control cost

Quiz by Marina

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3 questions
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  • Q1
    You are a project manager in a construction company. Rework is anticipated in the project, while the amount of rework in unknown. Which of the following will be estimated to account for this unknown amount of rework.
    Contingency Reserves
    Workaround
    Management Reserves
    Cost Estimates
    60s
  • Q2
    A measure of the cost performance that must be achieved with the remaining resources in order to meet a specified management goal, expressed as the ration of the cost to finish the outstanding work to the budget available is known as:
    Estimate at Completion
    Cost performance index
    To complete Performance index
    Estimate to Complete
    60s
  • Q3
    You are a project manager and your project has CPI of 1.02 and SPI of 0.89.What does this mean
    The project is within budget and is behind schedule.
    the project is over budget and is ahead of schedule.
    The project is under budget and is ahead of schedule.
    The project is over budget and is behind schedule
    60s

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