## Professional Development # COST and SCHEDULE ## 35 questions

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• Multiple Choice
10 seconds
1 pt
One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and:
Divide by SPI.
Multiply by SPI.
Multiply by CPI.
Divide by CPI.
• Multiple Choice
5 seconds
1 pt
Estimate at completion (EAC) is a periodic evaluation of:
The cost of work completed.
The value of work performed.
The anticipated total cost at project completion.
What it will cost to finish the project.
• Multiple Choice
45 seconds
1 pt

During the conceptual phase of a pipeline project, the project engineer estimates the following: the cost of the materials is most likely \$100,000; optimistically \$90,000; and pessimistically \$120,000. The cost for labor is most likely \$80,000; optimistically \$70,000 and pessimistically \$100,000. The cost for equipment is most likely \$60,000; optimistically \$50,000 and pessimistically \$70,000. The cost for construction management fees is most likely \$30,000; optimistically \$20,000 and pessimistically \$40,000. What is the probability of the project coming in under \$270,000?

Less than 50%

Exactly 50%

Over 50%

Zero