Week 11.

1. Analogous cost estimating means?

a. Using the expected cost of previous, similar projects as the basis for estimating the cost of
the current project.
b. Using the budgeted cost of previous, similar projects as the basis for estimating the cost of
the current project.
c. Using the actual cost of competitor’s projects as the basis for estimating the cost of the
current project.
d. Using the actual cost of previous, similar projects as the basis for estimating the cost of the
current project.

2. Estimating the cost of individual work packages or individual schedule activities with the lowest level
of detail is called?

a. Parametric Estimating
b. Bottom-up Estimating
c. Vendor Bid Analysis
d. Reserve Analysis

3. _______________ is a technique that uses a statistical relationship between historical data and
other variables to calculate a cost estimate for a schedule activity resource?

a. Parametric Estimating
b. Bottom-up Estimating
c. Vendor Bid Analysis
d. Reserve Analysis

4. ____________________ is a time-phased budget that is used as a basis against which to measure,

monitor, and control overall cost performance on the project?

a. Cost Budget
b. Cost Baseline
c. Cost input
d. Cost output

5. Cost performance index value of less than 1.0 indicates?

a. cost overrun
b. cost underrun
c. Cost efficiency
d. None of the above

6. Which one is not a dimension of Quality?

1. Performance
2. Reliability
 3. Cost
4. Durability

7. Total Quality Management (TQM) focuses on

a. Employee
b. Customer
c. Both (a) and (b)
d. None of the above

8. Which of the following is responsible for quality objective?

a. Top level management

b. Middle level management
c. Frontline management
d. All of the above

9. The objective of ISO-9000 family of Quality management is

a. Customer satisfaction
b. Employee satisfaction
c. Skill enhancement
d. Environmental issues

10. TQM & ISO both focuses on

a. Customer
b. Employee
c. Supplier
d. All of the above