CAPM Cost Management MCQs
CAPM Cost Management MCQs
Our team has conducted extensive research to compile a set of CAPM Cost Management MCQs. We encourage you to test your CAPM Cost Management knowledge by answering these 20 multiple-choice questions provided below.
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1: What is the formula for cost variance?
A. EV-AC
B. Scope baseline; Project schedule; Human resource plan; Enterprise environmental factors; Organizational process assests; Risk register
C. Calculating estimates using historical information
D. EV/AC
2: What is earned value measurement?
A. Estimate costs; Determine Budget; Control Costs
B. A cost directly attributable to the project; overhead costs
C. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
D. EV-PV
3: What is the formula for schedule performance index?
A. Calculating estimates using historical information
B. The cost budget adds management reserve to the cost baseline
C. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
D. EV/PV
4: What is the formula for variance at completion?
A. Considering the furture cost of operating and maintaining the project or deliverable over its life when planning and managing the project
B. Estimate costs; Determine Budget; Control Costs
C. BAC-EAC
D. A cost that varies with the amoutn of work done on the project; a cost that does not vary with the amount of work done on the project
5: What is the difference between a cost budget and a cost baseline?
A. AC + Bottom-up ETC - BAC/CPI - AC + (BAC-EV) - AC + (BAC - EV) / (CPI x SPI)
B. The cost budget adds management reserve to the cost baseline
C. EAC-AC
D. EV/PV
6: What is analogous estimating?
A. EV-AC
B. Calculating estimates using historical information
C. Creating estimates based on the details of the projects which are then rolled up into project estimates
D. BAC-EAC
7: What are the main approaches to cost or schedule estimating?
A. EAC-AC
B. Calculating estimates using historical information
C. Finding a less costly way of doing essentially the same work.
D. Analogous estimationg; bottom-up estimating; parametric estimating; three-point estimates; one time estimates
8: What does life cycle costing mean?
A. Estimate costs; Determine Budget; Control Costs
B. Finding a less costly way of doing essentially the same work.
C. Considering the furture cost of operating and maintaining the project or deliverable over its life when planning and managing the project
D. Calculating estimates using historical information
9: What are key outputs of the Determine Budget process?
A. Activity cost estimates; Updates to the project management plan and project documents
B. Analogous estimationg; bottom-up estimating; parametric estimating; three-point estimates; one time estimates
C. EV/AC
D. Cost baseline; funding requirements
10: What is parametric estimating?
A. +/- 50 percent from actual
B. Activity cost estimates; Updates to the project management plan and project documents
C. Calculating estimates using historical information
D. -10 percent to +25 percent from actual
11: Name inputs to the Estimate Costs process.
A. EV-AC
B. A cost that varies with the amoutn of work done on the project; a cost that does not vary with the amount of work done on the project
C. Scope baseline; Project schedule; Human resource plan; Enterprise environmental factors; Organizational process assests; Risk register
D. EV/PV
12: What are the formulas for estimate at completion?
A. AC + Bottom-up ETC - BAC/CPI - AC + (BAC-EV) - AC + (BAC - EV) / (CPI x SPI)
B. +/- 10 percent from actual
C. Work performance measurements; budget forecasts; change requests; updatse to the project management plan and project documents
D. Cost baseline; funding requirements
13: In which process is the cost management plan created?
A. In integration management as part of the Develop Project Management Plan process
B. Activity cost estimates; Updates to the project management plan and project documents
C. Calculating estimates using historical information
D. Cost baseline; funding requirements
14: Describe a varable cost and a fixed cost chargeable to the project.
A. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
B. EV/AC
C. A cost that varies with the amoutn of work done on the project; a cost that does not vary with the amount of work done on the project
D. AC + Bottom-up ETC - BAC/CPI - AC + (BAC-EV) - AC + (BAC - EV) / (CPI x SPI)
15: What is the formula for schedule variance?
A. -10 percent to +25 percent from actual
B. EV-PV
C. (BAC-EV)/(BAC-AC)
D. Cost baseline; funding requirements
16: What is the range for a rough order of magnitude estimate?
A. +/- 50 percent from actual
B. EAC-AC
C. Work performance measurements; budget forecasts; change requests; updatse to the project management plan and project documents
D. Analogous estimationg; bottom-up estimating; parametric estimating; three-point estimates; one time estimates
17: What is the range for a definitive estimate?
A. +/- 10 percent from actual
B. Cost baseline; funding requirements
C. Activity cost estimates; Updates to the project management plan and project documents
D. EAC-AC
18: What is the formula for estimate to complete?
A. A cost directly attributable to the project; overhead costs
B. EV/PV
C. EAC-AC
D. Considering the furture cost of operating and maintaining the project or deliverable over its life when planning and managing the project
19: What is the range for a budget estimate?
A. The cost budget adds management reserve to the cost baseline
B. Work performance measurements; budget forecasts; change requests; updatse to the project management plan and project documents
C. -10 percent to +25 percent from actual
D. BAC-EAC
20: What is value analysis?
A. Analogous estimationg; bottom-up estimating; parametric estimating; three-point estimates; one time estimates
B. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
C. Calculating estimates using historical information
D. Finding a less costly way of doing essentially the same work.
21: What is the formula for cost perfrmance index?
A. EV/AC
B. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
C. Activity cost estimates; Updates to the project management plan and project documents
D. EV/PV
22: What is the process of cost management?
A. EV-PV
B. Estimate costs; Determine Budget; Control Costs
C. A cost that varies with the amoutn of work done on the project; a cost that does not vary with the amount of work done on the project
D. EAC-AC
23: What is the formula for TCPI?
A. Scope baseline; Project schedule; Human resource plan; Enterprise environmental factors; Organizational process assests; Risk register
B. A method of measuring project performance that looks at the value earned for work accomplished. It can be used to predict future cost performance and project completion dates.
C. Considering the furture cost of operating and maintaining the project or deliverable over its life when planning and managing the project
D. (BAC-EV)/(BAC-AC)
24: What are key outputs of the Control Costs process?
A. Finding a less costly way of doing essentially the same work.
B. EV-PV
C. Work performance measurements; budget forecasts; change requests; updatse to the project management plan and project documents
D. Creating estimates based on the details of the projects which are then rolled up into project estimates
25: Describe a direct cost and and indirect cost chargeable to the project
A. In integration management as part of the Develop Project Management Plan process
B. A cost directly attributable to the project; overhead costs
C. EV/AC
D. -10 percent to +25 percent from actual
26: What are key outputs of the Estimate Costs process?
A. Activity cost estimates; Updates to the project management plan and project documents
B. AC + Bottom-up ETC - BAC/CPI - AC + (BAC-EV) - AC + (BAC - EV) / (CPI x SPI)
C. Scope baseline; Project schedule; Human resource plan; Enterprise environmental factors; Organizational process assests; Risk register
D. Finding a less costly way of doing essentially the same work.
27: When the sales price per unit decreases, the contribution margin per unit ________.
A. Decreases
B. Remains same
C. Increases
D. Increases proportionally
28: According to the capital asset pricing model, fairly priced securities have _________.
A. Negative betas
B. Positive alphas
C. Positive betas
D. Zero alphas
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CAPM Cost Management MCQs
