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Question 1

Management reserve is ______________.

Options :

A : Usually under the control of the project team

B : Another term for "contingency"

C : An amount outside the project scope and cost baseline to allow for discretionary management purposes

D : Reserved for work outside the original scope

Answer: C

Question 2

5D modeling includes the following, ____________, as well as the traditional X, Y, and Z dimensions.

Options :

A : Cost and time

B : Time and resources

C : Cost and price

D : Time and effort

Answer: A

Question 3

Two essentials for an effective project control baseline are _________________ .

Options :

A : Cash flow and the estimate

B : A resource‐loaded schedule and value engineering plan

C : The schedule and budget

D : The Actual Cost of Work Performed (ACWP) and an updated schedule

Answer: C

Question 4

5D modeling includes the following, ____________, as well as the traditional X, Y, and Z dimensions.

Options :

A : Cost and time

B : Time and resources

C : Cost and price

D : Time and effort

Answer: A

Question 5

As a cost professional, you are requested to perform project screening in ten minutes. Which one of following projects is worthy of further review?

Options :

A : Project B requires $30 million investment, resulting in $14 million in benefits

B : Project A requires $50 million investment, resulting in $20 million in benefits

C : Project C requires $40 million investment, resulting in $15 million in benefits

D : Project D requires $20 million investment, resulting in $3 million in benefits

Answer: A