Page 222 - Project+

B. Work effort estimate

C. Bottom-up estimate

D. Parametric estimate

4. A discretionary fund used by the project manager to cover the cost of possible
adverse events during the project is known as which of the following?

A. Management reserve

B. Chart of accounts

C. Contingency fund

D. Cost baseline

5. You are in the process of determining the cost baseline. All of the following are used

in the cost baseline except for which one?

A. Management reserves

B. Chart of accounts

C. Human resource cost estimates

D. Materials and equipment estimates

6. You are developing a bottom-up estimate for the first phase of your project. Which
of the following is the most important input to complete this task?

A. Historic data from a similar project

B. Chart of accounts

C. The WBS

D. The scope statement

7. What is considered the most accurate estimate?

A. Analogous estimate

B. Bottom-up estimate

C. Estimates based on expert judgment

D. Parametric estimate

8. You are asked to present and explain your project cost baseline. All of the following
are true except which one?

A. The baseline will be used to track actual spending against the cost estimates.

B. The baseline can be used to predict future project costs.

C. The baseline is calculated and approved by the project manager.

D. The baseline is the total expected cost for the project.

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