Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP > Cost Management > Flashcards

Cost Management Flashcards

0
Q

What are the percentages for conceptual estimating?

A

-30% - +50%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

What are the percentages for order of magnitude estimating?

A

-50% - +100%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the percentages for preliminary estimate?

A

-20% - +30%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the percentages for definitive estimate?

A

-15% - +20%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are the percentages for control estimate?

A

-10% - +15%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are the tools used in plan cost management?

A

Expert judgement
Analytical techniques
Meetings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the outputs of plan cost management?

A

Cost management pkan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the inputs to estimate the cost?

A 
Cost management plan
Human resource management plan
Some baseline
Project schedule
Risk register
Enterprise environmental factors
Organizational process assets
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the tools used in estimate costs?

A 
Expert judgement
Analogous estimating
Parametric estimating
Bottom up estimating
Three point estimating
Reserve analysis
Cost of quality
Project management software
Vendor bid analysis
Group decision making
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the outputs of estimate costs?

A

Activity cost estimates
Basis of estimates
Project document updates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is another name for three point estimating?

A

PERT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is another name for PERT?

A

Three point estimating

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What are the group decision making techniques?

A

Unanimous
Plurality
Consensual
Dictatorship

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the inputs to the determine budget process?

A 
Cost management plan
Scope baseline
Activity cost estimates
Basis of estimates
Project schedule
Resource calendars
Risk register
Agreements
Organizational process assets
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the tools used in the determine budget process?

A 
Cost aggregation
Reserve analysis
Expert judgement
Historical relationships
Funding limit reconciliation
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the outputs to the determine budget process?

A

Cost performance baseline
Project funding requirements
Project document updates

16
Q

What are the inputs to the Control costs process?

A

Project management plan
Project funding requirements
Work performance ata
Organizational process assets

17
Q

What are the tools used in the control costs process?

A 
Earned value management
Forecasting
TCPI
Performance reviews
Project management software
Reserve analysis
18
Q

What are the outputs of the control costs process?

A 
Work performance information
Cost forecast
Change requests
Project management plan updates
Project document updates
Organizational process asset updates

PMP (11 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions