- Questions:
- An estimate that is obtained by scaling up an estimate from a similar project is a(n) ___________ estimate.
- Describe the following terms;
- Analogous Estimate technique
- Parametric Estimating technique
- Bottom-up Estimating technique
- Questions:
- An estimate that uses standard costs per unit such as price per square foot or price per cubic yard is a ____________ estimate.
- Matching the transfer of funds into the project account with the money spent is called __________________.
- Questions:
- Money that is allocated for dealing with unplanned but predictable expenses is _________ reserve.
- What is a budget timeline?
- Questions:
- The formula used to calculate the cost performance index is ____________.
- What is the budgeted cost of work performed?
- Questions:
- What is cost performance index?
- What is a variance index?
- Questions:
- T/F – Schedule variance is the difference between the part of the budget that has been done so far (EV) versus the part that was planned by now.
- The formula used to calculate the estimate to complete for atypical cost variances is _________________________.
- Questions:
- The sum of the budgeted amounts for the tasks that have been performed is the _______ _______ (two words).
- Schedule variance is the ____ minus the _____ and cost variance is the ____ minus the _____ (use acronyms).
- Questions:
- Schedule performance index is ____ / _____ and the cost performance index is _____ / ______ (use acronyms).
- The revised final budget is the ____ plus the _____ (use acronyms).
- Questions:
- What is Earned Value and how is it used to measure project progress?
- What is schedule variance – provide examples
- Questions:
- T/F – The schedule performance index (SPI) is the ratio of the earned value and the cost value.
- T/F – The final budget is the actual (AC) to this point plus the estimate to complete (ETC).
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