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Self Quiz
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1

The process of forecasting or approximating the time and cost of completing project deliverables is called
A)budgeting
B)predicting
C)estimating
D)planning
E)guesstimating
2

A good starting point for developing time and cost estimates is
A)past experience
B)work packages
C)task analysis
D)time and motion studies
E)work breakdown structure
3

Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing?
A)padding estimates
B)planning horizon
C)project structure
D)people
E)organization culture
4

Which of the following is a good condition for micro estimating?
A)strategic decision making
B)internal, small project
C)fixed price contract
D)high uncertainty
E)both C and D are good conditions for micro estimating
5

Macro estimates are most likely to occur during the ______ phase.
A)concept
B)planning
C)execution
D)delivery
E)all of these are equally likely
6

Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?
A)ratio
B)template
C)apportion
D)function point
E)learning curve
7

Sean is forecasting the time and cost of developing a customized software program by looking at the number of inputs, outputs, inquires, files, and interfaces. Which of the following methods is he using?
A)ratio
B)template
C)apportion
D)function point
E)learning curve
8

Learning curves are more likely to apply in situations where most of the costs are
A)materials
B)labor
C)overhead
D)evenly spread over materials, labor, and overhead
E)all of these are equally likely situations for learning curves
9

The approach that begins with a macro estimate for the project and then refines estimates as the project is implemented is known as ______method.
A)function point
B)template
C)learning curve
D)phase estimating
E)apportion
10

Typical kinds of costs found in a project include
A)direct costs
B)project overhead costs
C)general and administrative costs
D)only A and B are included
E)A, B, and C are all included
11

Reasons why estimating time and cost are important include all of the following except
A)to schedule work
B)to determine how long the project should take and cost
C)to develop cash flow needs
D)to determine how well the project is progressing
E)all of the above are valid reasons
12

Which of the follow macro methods is used when projects closely follow past projects in features and costs and result in costs being assigned by percentages to major segments of the project?
A)apportion
B)function point
C)phase estimating
D)learning curve
E)consensus





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