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Free PPM-001 Exam Braindumps (page: 58)

Page 58 of 164
PDF with 650 Questions

Which involves estimating the cost of individual work items:

  1. Analogous estimating
  2. Bottom up estimating
  3. Computerized
  4. Square foot

Answer(s): B

Explanation:

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total , more accurate



You are a project manager for the Swirling Seas Cruises food division. You're considering two different projects regarding food services on the cruise lines. The initial cost of Project Fish'n for Chips will be $800,000, with expected cash inflows of $300,000 per quarter. Project Picnic's payback period is six months.
Which project should you recommend?

  1. ProjectFish'n for Chips, because the costs on Project Picnic are unknown.
  2. Project Picnic, because ProjectFish'n for Chips' payback period is two months longer than Project Picnic's.
  3. Project Picnic, because ProjectFish'n for Chips' payback period is four months longer than Project Picnic's.
  4. ProjectFish'n for Chips, because its payback period is two months shorter than Project Picnic's.

Answer(s): B

Explanation:

The payback period for Project Fish'n for Chips is eight months. This project will receive $300,000 every three months, or $100,000 per month. The $800,000 will be paid back in eight months.



A(n) _____ system is designed to ensure the timely availability of nonhuman resources, and includes the cost in procurement, shipping/freight, storage and loss.

  1. Procurement.
  2. All of the other alternatives apply.
  3. Inventory control.
  4. Materials management.
  5. Inventory control and Procurement.

Answer(s): D



Mathematical models using linear programming, dynamic, or algorithm models are considered:

  1. form of expert judgment
  2. project closing method
  3. Project selection criteria
  4. Project selection methods

Answer(s): D

Explanation:

< li >Mathematical models are one of the methods described in the project selection methods tool and technique.
< li >These types of models are in use only in certain types of projects and are not going to be used for simpler projects.



Page 58 of 164



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