144 Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:A.

There are two major types of reserves used on projects. The _____ is for (usually major) scope changes that were not considered as part of the original plan, whereas the _____ is to compensate for minor changes in estimating, escalation factors.

A . Management reserve, unplanned allowance fund.

B . Management reserve, contingency.

C . Contingency fund, management reserve.

D . Unplanned allowance fund, budgetary reserve.

E . Unplanned reserve, planned reserve.

The purpose of project Risk Management is to:

A Identify those factors that will adversely impact project objectives.

B Assess the impact of adverse project factors.

C Assess the probability of adverse project factors.

D A and C

E All of the above.

85 The purpose of project Risk Management is to:

A. Identify those factors that will adversely impact project objectives.

B. Assess the impact of adverse project factors.

C. Assess the probability of adverse project factors.

D. A and C

E. All of the above

26 Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:

A. Overhead rates, labor rates and material costs.

B. Overhead rates, schedule slippages, and rework.

C. Rework, cost-of-living adjustments, and overtime.

D. Material costs, shipping cost, and scope changes.

E. Labor rates, material costs, and cost reporting

61 Cost and schedule data are usually integrated because:

A. optimized project cash flow can affect financial requirements

B. they provide MIS with an integrated system to produce reports

C. they control escalation allowances

D. they account for omissions in the definitive estimate

E. they predict future performance

● The "rolling wave" or "moving window" concept is used most frequently on projects where:

A The baseline is frozen for the duration of the project and no scope changes are permitted

B Marketing is unsure of what the customer actually wants and reserves the right to make major scope changes

C The low levels of the work breakdown structure are known with certainty for the next three to six months, but the remaining tasks are based upon the results of the first three to six months of work

D Networking techniques are not appropriate

E All of the above

● Changes may be requested by any stakeholder involved with the project, but changes can be authorized only by (73)．

（73）

A．executive IT manager

B．project manger

C．change control board

D．project sponsor

（ ）is the approved version of the time-phased project budget，excluding any management reserves，which can only be changed through formal change control precedures and is used as a basis for comparison to actual results.

A.The control accounts

B.Funding requirement

C.The cost estimates

D.The cost baseline

Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:

A . Overhead rates, labor rates and material costs.

B . Overhead rates, schedule slippages, and rework.

C . Rework, cost-of-living adjustments, and overtime.

D . Material costs, shipping cost, and scope changes.

E . Labor rates, material costs, and cost reporting.

19 It is argumentative whether project managers actually control costs. Which of the following is the most common element over which the project manager may have some degree of control?

A. Direct labor dollars

B. Direct labor hours.

C. Overhead rates.

D. Procurement costs.

E. None of the above

120 The Work Breakdown Structure (WBS) is the basis for communicating:

A. Project scope, cost control, schedule, quality

B. Project objectives, dependencies, plan, cost control

C. Project scope, schedule, staffing, cost control

D. Project scope, quality, schedule, dependencies

E. Project budget, schedule, risk factors, work assignments

27 The "rolling wave" or "moving window" concept is used most frequently on projects where:

A. The baseline is frozen for the duration of the project and no scope changes are permitted

B. Marketing is unsure of what the customer actually wants and reserves the right to make major scope changes

C. The low levels of the work breakdown structure are known with certainty for the next three to six months, but the remaining tasks are based upon the results of the first three to six months of work D. Networking techniques are not appropriate

E. All of the above

A.Benefitcontribution

B.Expertjudgment

C.Scoringmodels

D.Flowcharting

● The Work Breakdown Structure (WBS) is the basis for communicating:

A Project scope, cost control, schedule, quality

B Project objectives, dependencies, plan, cost control

C Project scope, schedule, staffing, cost control

D Project scope, quality, schedule, dependencies

E Project budget, schedule, risk factors, work assignments.

Project selection methods involve measuring value or attractiveness to the project owner or sponsor and may include other organizational decision criteria. __(71)__ is not a project selection method.

A.Benefit contribution

B.Expert judgment

C.Scoring models

D.Flowcharting

● Project selection methods involve measuring value or attractiveness to the project owner or sponsor and may include other organizational decision criteria. __(74)__ is not a project selection method.

（74）

A．Benefit contribution

B．Expert judgment

C．Scoring models

D．Flowcharting