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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
ANS: C
You are the program manager for a new commercial jet. A new robotic technology has
just emerged that will improve the accuracy of machining connectors to within 3 microns.
This technology will also result in a savings from the previous method. As a result of this,
all program managers are being asked to come up with a new estimate at completion for their
in-process projects. The most accurate method to develop the new estimate is to:
A. Complete and earned value analysis to determine the cost index
B. Take the actuals to date and add the remaining budget modified by a performance factor
C. Take the actuals to date and develop a new estimate for all remaining work
D. Add the remaining budget to what has already been spent
ANS: C
Which of the following is not an input to cost budgeting?
A. Cost estimates
B. Work breakdown schedule
C. Project schedule
D. Risk management plan
ANS: D |
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