Project Management Assignment 11 Answers:- Every student is requested to submit their assignments on the knowledge of their own, we do not promote copying answers. We are providing answers just as a reference.
Q1. Which of the technique uses a statistical relationship between historical data and other variables to calculate a cost estimate for a schedule activity resource?
(A) Parametric Estimating
(B) Bottom-up Estimating
(C) Vendor Bid Analysis
(D) Reserve Analysis
Ans:- (A) Parametric Estimating
Q2. Which of the following is not a cost control technique?
(A) Reserve analysis
(B) Project performance reviews
(C) Forecasting
(D) Variance management
Ans:- (A) Reserve analysis
Q3. Which of the following is a cost estimating technique?
(A) Variance management
(B) Cost aggregation
(C) Parametric estimating
(D) Cost change control system
Ans:- (C) Parametric estimating
Q4. Estimating the cost of individual work packages or individual schedule activities with the lowest level of detail is called.
(A) Parametric Estimating
(B) Bottom-up Estimating
(C) Vendor Bid Analysis
(D) Reserve Analysis
Ans:- For Answer Click Here
Q5. Which of the following is not a cost budgeting input?
(A) Project scope statement
(B) Project schedule
(C) Work breakdown structure
(D) Performance reports
Ans:- (D) Performance reports
Q6. Which of the following is not used to provide performance measurement of any work at given point of time.
(A) Planned value
(B) Budgeted cost at completion
(C) Earned value
(D) Actual cost
Ans:- (B) Budgeted cost at completion
Q7. Cost variance (CV) can be calculated as:
(A) Earned value – Actual cost
(B) Earned value – Planned value
(C) Planned value – Actual cost
(D) Planned value – Earned value
Ans:- (A) Earned value – Actual cost
Q8. Schedule variance (SV) is termed as:
(A) Earned value – Actual value
(B) Earned value – Planned value
(C) Actual cost – planned value
(D) Actual cost – Earned value
Ans:- (B) Earned value – Planned value
Q9. Cost performance index is calculated by using:
(A) Actual cost / Planned value
(B) Planned value / Earned value
(C) Budget cost at completion / Actual cost
(D) Earned value / Actual cost
Ans:- (D) Earned value / Actual cost
Q10. A cost performance index value greater than 1.0 signifies:
(A) Cost underrun
(B) Cost overrun
(C) Cost run equal
(D) None of the above
Ans:- For Answer Click Here
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Project Management Assignment 11 Answers:- Every student is requested to submit their assignments on the knowledge of their own, we do not promote copying answers. We are providing answers just as a reference.