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6. One of the most condition reasons why projects undergo scope change is
a. Poorly defined statement of work
b. Lack of Funding
c. Poor Work breakdown structure
d. Lack of resources
12 The Bottom-up Approach for time and cost estimating is used when
a. Fixed price contract
b. Unstable Scope
c. High uncertainty in project
d. Strategic and decision-making
13 One of your contractors sends you an e-mail request to use high quality raw materials in your
project stating that this will be value-added and improve quality. What should be the project manager
do first?
a. Ask the contractor to put forth a change request
b. Change the work break down structure
c. Ask your sponsor for his or her opinion
d. Change the scope baseline
14 Delphi Method is used in the following estimating methods
a. Function Points
b. Consensus Method
c. Ratio Method
d. Apportion Method
15. Increase in unsecured loans and deposits will be tabulated under
a. Disposition of Funds
b. None of the above
c. Sources of Funds
d. All of the above
21. Top - down approach is used for time and cost estimating when
a. Fixed - price contract
b. Customer wants details
c. Cost and time are important
d. Unstable scope
22. For a project, if Net Benefit cost ratio is greater than 0
a. Indifferent
b. Postpone the project
c. Accept the project
d. Reject the project
23. A significant event in a project that occurs at a point in time is called
a. Milestones
b. Objective
c. Exclusions
d. Deliverables
24. Which of the following generally cannot be validated using a work breakdown structure
a. Quality control
b. Risk Management
c. Cost control
d. Schedule control
25. When an unusual amount of uncertainty surrounds a project, we use
a. Top-down approach
b. Range Estimating
c. Phase Estimating
d. Bottom-up approach