Chapter 14 Flashcards
1
Q
Which of the following is a cost estimating relationship?
Mathematical equations based upon regression analysis
Cost-quantity relationships
Cost-Cost relationships
All of the above
A
All of the above
2
Q
Which of the following standard project estimating techniques is usually accomplished in weeks? Parametric Analogy Engineering Grassroots
A
Analogy
3
Q
Pricing out the construction cost of a home by a cost per square foot would be representative of a \_\_\_\_\_ estimate. Parametric Analogy Engineering Grassroots
A
Parametric
4
Q
When a functional manager tells you that your project is 10% more difficult than the standard project, the functional manager is providing you with a \_\_\_\_\_ estimate. Parametric Analogy Engineering Grassroots
A
Analogy
5
Q
Which of the following projects would most likely have reasonably good estimating techniques? Construction R & D Software development New product development
A
Construction
6
Q
Material provided in a proposal to justify one’s estimates are called: Supporting pricing Back-up data Risk justification Proprietary pricing
A
Back-up data
7
Q
An employee earning $40/hour works in a department where the overhead is 125%. A billable or charge back hour to this department would be: $ 40 $ 50 $ 90 $ 100
A
$ 90
8
Q
Which of the following is an estimating pitfall?
Misinterpretation of the statement of work
Inaccurate work breakdown structure
Failure to use correct estimating techniques.
All of the above
A
All of the above
9
Q
Which of the following components of life cycle costing incurs the largest cost? R & D Production Operational and Support Disposal
A
Operational and Support
10
Q
Which of the following is generally not part of capital budgeting? Life cycle cost estimating Net present value Internal rate of return Discounted cash flow
A
Life cycle cost estimating
