BMGT 1309 Final UPDATED ACTUAL
Exam Questions and CORRECT Answers
Reserves - CORRECT ANSWER - Contingency costs in the project costs estimate, also
referred to as
Have enough money - CORRECT ANSWER - Making sure that sufficient payments are
received from the customer in time so that you...
Corrective action can be taken - CORRECT ANSWER - Its crucial that cost variances and
inefficiencies be identified early so that...
CEV - CORRECT ANSWER - The product of the percent complete and the sum of the
estimated costs of all the specific activities
actual cost, cumulative budgeted cost - CORRECT ANSWER - As data is collected
_____, they can be compared to ____
The CV is positive - CORRECT ANSWER - If the cumulative earned value is greater than
the cumulative actual costs, then...
CAC - CORRECT ANSWER - the amount that was actually spent to accomplish the work
that was scheduled to be performed up to that point in time.
$13,000 - CORRECT ANSWER - if the total budgeted cost is $15,000, the cumulative
actual cost is $10,000, and the cumulative earned value is $12,000
$15,000 - CORRECT ANSWER - if the cumulative actual cost is $10,000 and the re-
estimate of remaining work to be performed is $5,000
, the work actually performed - CORRECT ANSWER - _____ is a key parameter that must
be determined throughout the project.
later, greater - CORRECT ANSWER - The ______ in the project that changes are
identified, the ______ their effect on accomplishing the project objective
documented and authorized - CORRECT ANSWER - procedures need to be established
regarding how changes will be....
project manager - CORRECT ANSWER - _______ spearheads development of a plan to
achieve the project objective
confidence in each member - CORRECT ANSWER - effective delegation requires that the
project manager have
delegation - CORRECT ANSWER - _____ is the act of allowing individuals to
successfully carry out assigned tasks.
takes immediate action - CORRECT ANSWER - if actual progress falls behind planned
progress or unexpected events occur, the project manager......
various team members - CORRECT ANSWER - ______ to ensure that they perform the
right tasks at the proper time
limit project experiences - CORRECT ANSWER - to be an effective project manager,
which of the following statements is false?
changes - CORRECT ANSWER - _______ initiated by the customer, initiated by the
project team, caused by unanticipated occurrences during the performance of the project.
Exam Questions and CORRECT Answers
Reserves - CORRECT ANSWER - Contingency costs in the project costs estimate, also
referred to as
Have enough money - CORRECT ANSWER - Making sure that sufficient payments are
received from the customer in time so that you...
Corrective action can be taken - CORRECT ANSWER - Its crucial that cost variances and
inefficiencies be identified early so that...
CEV - CORRECT ANSWER - The product of the percent complete and the sum of the
estimated costs of all the specific activities
actual cost, cumulative budgeted cost - CORRECT ANSWER - As data is collected
_____, they can be compared to ____
The CV is positive - CORRECT ANSWER - If the cumulative earned value is greater than
the cumulative actual costs, then...
CAC - CORRECT ANSWER - the amount that was actually spent to accomplish the work
that was scheduled to be performed up to that point in time.
$13,000 - CORRECT ANSWER - if the total budgeted cost is $15,000, the cumulative
actual cost is $10,000, and the cumulative earned value is $12,000
$15,000 - CORRECT ANSWER - if the cumulative actual cost is $10,000 and the re-
estimate of remaining work to be performed is $5,000
, the work actually performed - CORRECT ANSWER - _____ is a key parameter that must
be determined throughout the project.
later, greater - CORRECT ANSWER - The ______ in the project that changes are
identified, the ______ their effect on accomplishing the project objective
documented and authorized - CORRECT ANSWER - procedures need to be established
regarding how changes will be....
project manager - CORRECT ANSWER - _______ spearheads development of a plan to
achieve the project objective
confidence in each member - CORRECT ANSWER - effective delegation requires that the
project manager have
delegation - CORRECT ANSWER - _____ is the act of allowing individuals to
successfully carry out assigned tasks.
takes immediate action - CORRECT ANSWER - if actual progress falls behind planned
progress or unexpected events occur, the project manager......
various team members - CORRECT ANSWER - ______ to ensure that they perform the
right tasks at the proper time
limit project experiences - CORRECT ANSWER - to be an effective project manager,
which of the following statements is false?
changes - CORRECT ANSWER - _______ initiated by the customer, initiated by the
project team, caused by unanticipated occurrences during the performance of the project.
