
Control cost
Quiz by Marina
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3 questions
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- Q1You 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 ReservesWorkaroundManagement ReservesCost Estimates60s
- Q2A 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 CompletionCost performance indexTo complete Performance indexEstimate to Complete60s
- Q3You are a project manager and your project has CPI of 1.02 and SPI of 0.89.What does this meanThe 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 schedule60s