Question 1

The following is the result of the range estimating analysis. If you wish to be 80% certain of not over running the estimate, how much contingency should you add?

Options :

A : ($25)

B : $80

C : It cannot be determined from the table

D : $328

Answer: D

Question 2

External workshop moderators have all the following advantages except:

Options :

A : Big projects justify an external moderator

B : External moderators are in a better position to perform workshop follow-up

C : External moderators are a member of the project team

D : External moderators can be objective in the implementation of the risk workshop

Answer: C

Question 3

A Basis of Estimate (BOE)...

Options :

A : Will not address any anomalies or other shortcomings of the estimate or scoping documents

B : Should not describe the accuracy of the estimate, leaving that up to the independent judgment of the stakeholders

C : Should not discuss drawbacks or shortcomings of the scoping documents in order to not antagonize their developer

D : Will describe the primary estimating methodology used in preparation of the estimate

Answer: D

Question 4

If the owner and contractor cannot come to agreement on the cost and terms of the change order, the reasonable solution is ….....................

Options :

A : The contractor should sue the owner

B : Stop the project

C : Arbitration

D : The owner should sue the contractor

Answer: C

Question 5

Which of the following is not a direct cost?

Options :

A : Construction trailer footing

B : Process piping

C : Plant switchgear

D : Permanent building slab

Answer: A