d. complying with government regulations Q15. Under normal conditions, if quoted
ID: 384934 • Letter: D
Question
d. complying with government regulations Q15. Under normal conditions, if quoted cost to do a job is $300,000, and a fee is negotiated to be $20,000, the ultimately fee paid on a CPFF contract is: a. $20,000 regardless of what costs turn out to be b. More than $20,000 if the contractor can do the job for less than the $300,000 estimated cost c. Less than $20,000 if the contractor exceeds the budget d. More than $20,000 if the contractor delivers results before the scheduled delivery date Q16. If BCWP = $600, BCWS = $500, and ACWP = $900, and the overall project budget is $10,000, what is EAC? a. $9,666 b. $10,000 c. $13,333 d. $15,000 Q17. Because major programs are comprised of multiple projects, a major challenge they invariably encounter is: a. cost overruns b. communicating across players on the different projects c. schedule slippages d. reimbursing subcontractors for their efforts in a timely fashion Q18. Management Reserves are funds set aside to: a. cover contingencies identified at the outset of the project b. help cover the costs of management errors c. assist in the rebaselining of project budgets d. to deal with the total surprises (the unk-unks) that arise on programs
Explanation / Answer
Q15) Answer is a. $20,000 regardless of what costs turn out to be
Q16) EAC = BACxACWP/BCWP = 10000*900/600 = 15000 $
Q17) Because major programs are comprised of multiple projects, a major challenge they invariably encounter is b. communicating across players on the different projects
Q18) Management Reserves are funds set aside to a.cover contingencies identified at the outset of the project
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