APMP FOUNDATION CERTIFICATION
CONCLUDING REVIEW SHEET PRACTICE
SOLUTION BUNDLED FULLY VERIFIED
ONE HUNDRED PERCENT PASS
GUARANTEED
⩥ risk register.
Answer: a list of potential project-derailing events, how those
they will be monitored, and what action will be taken should the
event occur; include external, technical, and organizational.
⩥ top-down estimation methods.
Answer: This approach starts with identifying every major
aspect to the project; approach requires a history and knowledge
of project pricing to accurately estimate.
⩥ Bottom-up estimation methods.
Answer: In this style, project managers tally their costs upward,
starting at the bottom and accounting for each expected cost. In
sum, the total costs should equal the finished project.
, ⩥ parametric estimating.
Answer: Determined by identifying the unit cost or duration and
the number of units required for the project or activity. Pg 99
⩥ ratio method.
Answer: Uses experience from prior projects to estimate the
overall cost of the current project. Pg 99
⩥ apportion method.
Answer: A method of allocating project costs using the work
breakdown structure. Pg 99
⩥ baseline budget.
Answer: The approved budget that will be used as the standard
for comparison of actual costs throughout the life of the project
and identifying variances. Pg 100
⩥ Direct overhead costs.
Answer: costs from the project that are shared across the work
activities. Pg 100
⩥ General and administrative costs (G&A).
CONCLUDING REVIEW SHEET PRACTICE
SOLUTION BUNDLED FULLY VERIFIED
ONE HUNDRED PERCENT PASS
GUARANTEED
⩥ risk register.
Answer: a list of potential project-derailing events, how those
they will be monitored, and what action will be taken should the
event occur; include external, technical, and organizational.
⩥ top-down estimation methods.
Answer: This approach starts with identifying every major
aspect to the project; approach requires a history and knowledge
of project pricing to accurately estimate.
⩥ Bottom-up estimation methods.
Answer: In this style, project managers tally their costs upward,
starting at the bottom and accounting for each expected cost. In
sum, the total costs should equal the finished project.
, ⩥ parametric estimating.
Answer: Determined by identifying the unit cost or duration and
the number of units required for the project or activity. Pg 99
⩥ ratio method.
Answer: Uses experience from prior projects to estimate the
overall cost of the current project. Pg 99
⩥ apportion method.
Answer: A method of allocating project costs using the work
breakdown structure. Pg 99
⩥ baseline budget.
Answer: The approved budget that will be used as the standard
for comparison of actual costs throughout the life of the project
and identifying variances. Pg 100
⩥ Direct overhead costs.
Answer: costs from the project that are shared across the work
activities. Pg 100
⩥ General and administrative costs (G&A).
