Course Project Management Foundations

Career Business Engineering

Topic Plan Cost Management and Estimate Costs
Type of Evaluation Group Activity N° 13 Page 1 of 2

Last Name First Name

Member N° 01 Group
Member N° 02
Member N° 03
Member N° 04
Member N° 05
N°__
Materials (20) Final Grade (100)
Instructions
 The Group Activity N° 13 has 1 block.
 Use black or blue pen. Answers that are written in
Development of Activity (80)
pencil won't be corrected.
 The Group Activity N° 13 lasts 30 minutes.

1. Determine the correct process for each scene.

1.1. Analogous estimating 1.6. Which estimating methods tends to be MOST costly
a) Uses bottom-up estimating techniques for creating a project cost estimate?
b) Is used most frequently during project executing a) Bottom-up
c) Uses top-down estimating techniques b) Analogous
d) Calculates estimates using actual detailed c) Parametric
historical costs d) 50/50
1.2. All of the following are OUTPUTS of the Estimate
1.7. A Cost Management Plan contains a description of:
Costs process, EXCEPT:
a) The project costs
a) An understanding of the cost risk in the work that
b) How resources are allocated
has been estimated.
c) The budgets and how they were calculated
b) The process of controlling project costs.
d) The WBS level at which Earned Value will be
c) An indication of the range of possible costs for
calculated
the project.
d) Documentation of any assumptions made during
1.8. There are many Tools and Techniques to Estimate
the Estimate Costs process.
Costs. Which of the following BEST describes the
1.3. Which of the following is an example of a parametric reason to choose the Tools and Techniques that you
estimate? will use in your project?
a) Dollars per module a) Project Manager preferences
b) Learning bend b) Sponsor preferences
c) Bottom-up c) Availability of information
d) CPM d) Level skills of the project team using the Tool
1.4. A Rough Order of Magnitude (ROM) estimate is made and Technique
during which project management process group?
a) Planning 1.9. All of the following are INPUTS of the Plan Cost
b) Closing Management process, EXCEPT:
c) Executing a) Scope Baseline
d) Initiating b) Summary Budget
c) Schedule Baseline
1.5. Cost of Quality refers to: d) Basis of Estimates
a) All costs incurred over the life of the product by
investment in preventing nonconformance to 1.10. Basis of Estimates refers to:
requirements. a) Documentation of all assumptions made
b) Money spent during the project to avoid failures. b) Documentation of any known constraints
c) Money spent during and after the project c) Indication of the confidence level of the final
because of failures. estimate
d) All of the above. d) All of the above
Course Project Management Foundations
Career Business Engineering
Topic Plan Cost Management and Estimate Costs
Type of Evaluation Group Activity N° 13 Page 2 of 2

2. Estimate Costs: Every member of the group should select 1 work package and estimate resources and the costs
associated, use the following charts.
Costs
WBS ID Resources
Units Unit Cost Quantity Total

Costs
WBS ID Resources
Units Unit Cost Quantity Total

Costs
WBS ID Resources
Units Unit Cost Quantity Total

Costs
WBS ID Resources
Units Unit Cost Quantity Total

Costs
WBS ID Resources
Units Unit Cost Quantity Total