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Started on Friday, 1 September 2017, 3:32 PM

State Finished
Completed on Friday, 1 September 2017, 5:40 PM
Time taken 2 hours 8 mins
Grade 99.00 out of 175.00 (57%)
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Question 1
You provide a project cost estimate for the project to the project sponsor.
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He is unhappy with the estimate, because he thinks the price should be
Mark 1.00 out lower. He asks you to cut 15 percent o the project estimate. What
of 1.00
should you do?

Select one:
a. Inform the sponsor of the activities about cost cutting.

b. Start the project and constantly look for cost savings

c. Add additional resources with low hourly rates

d. Tell all the team members to cut 15 percent from their

estimates.

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Question 2
In India, are prefabricated components costlier than those of traditional
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cast-in-situ items that the prefabricated components replace?
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of 1.00
Select one:
a. No, because of savings in site labour

b. No, because of repetitive manufacture of a number of elements

c. Yes, because of heavier overheads and handling cost

d. Yes, because of the very high order of quality control for the
factory made components

Question 3
Mobilization advance up to 10% of the cost of work is given to a
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contractor
Mark 1.00 out
of 1.00
Select one:
a. on commencement of work at site for payment of loan taken by
him.

b. for the payment of advances to labour and other sta

c. for all activities required to start the work at site on nalization of

the contract document

d. for the purchase of construction materials

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Question 4
The customer responsible for overseeing your project asks you to
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provide a written cost estimate that is 30 percent higher than your
Mark 1.00 out estimate of the project's cost. He explains that the budgeting process
of 1.00
requires managers to estimate pessimistically to ensure enough money
is allocated for projects. What is the BEST way to handle this?

Select one:
a. Add the 30 percent to your cost estimate by spreading it evenly
across all project activities

b. Create one cost baseline for budget allocation and a second one
for the actual project management plan

c. Ask for information on risks that would cause your estimate to

be too low.

d. Add the 30 percent as a lump sum contingency fund to handle

project risks.

Question 5
You are managing a project with a schedule performance index (SPI) of
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1.07 and a cost performance index (CPI) of .94. How would you BEST
Mark 0.00 out describe this project?
of 1.00

Select one:
a. The project is ahead of schedule and over its budget.

b. The project is ahead of schedule and within its budget.

c. The project is behind schedule and over its budget.

d. The project is behind schedule and within its budget.

Question 6
Who has the cost risk in a xed price (FP) contract?
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Mark 1.00 out Select one:

of 1.00
a. The team

b. Management

c. The Seller

d. The Buyer.

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Question 7
The Cost Performance Baseline is a time-phased budget and is used as a
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basis to measure, monitor, and control overall cost performance of the
Mark 1.00 out project. It is usually displayed in the form of:
of 1.00

Select one:
a. A Z curve.

b. Pie-chart

c. An inverted S curve.

d. An S-curve

Question 8
For a given size of bucket, the ideal output of a dragline will be least in
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Mark 0.00 out Select one:

of 1.00
a. Wet sticky clay

b. Moist loam

c. Good common earth

d. Sand and gravel

Question 9
The main focus of life cycle costing is to :
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Mark 1.00 out

of 1.00
Select one:
a. Estimate installation costs

b. Consider operations and maintenance costs in making project

decisions

c. Estimate the cost of operations and maintenance

d. Consider installation costs when planning the project costs

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Question 10
As a project manager, you periodically do project performance reviews to
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compare cost performance over time, schedule activities or work
Mark 1.00 out packages over-running and under-running budget, milestones due, and
of 1.00
milestones met. Which of the following is not a valid analytical technique?

Select one:
a. Trend Analysis

b. Earned Value Performance

c. Variance Analysis

d. Interpersonal skills

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