1.How does a solution breakdown structure help in the cost estimation process?

Reduces the risk of incomplete estimates

Improves the delivery control of the solution

Estimation approaches for each individual solution element can be determined

All of the above

2.What is required to estimate an enterprise level solution that is "Heterogeneous"?

The components of the solution which are different in nature should be estimated separately

The solution should be broken down till a level where solution elements are homogeneous and can be estimated accurately

Both A and B

None of the above

3.Why is a delivery Strategy required?

To create a Work Breakdown Structure (WBS) based on the defined Solution Breakdown Structure (SBS)

To complete the Solution Breakdown Structure (SBS)

To identify solution risks

To determine the uncertainty of solution elements in the SBS

4.What is estimation uncertainty?

It is the same as risk uncertainty

Indefiniteness of an outcome of an estimation

Not relevant for an estimate but only for the financial model

5.What is the benefit of an Expert Estimation?

The estimate is easy to perform based on an set of defined activities

The estimate is created by experts, no Work Breakdown Structure is required

The estimate is created by experts, no consolidation is required

6.What is a key aspect of a Unit based estimation approach?

To maintain unit costs; no historical data is required

All units require an objective size

The units have an defined effort and / or cost required to implement the units

7.A parametric estimation model uses cost drivers. How is the impact of these cost drivers determined?

Based on estimates of previous engagements

Based on actual data of previous engagements

Based on the uncertainty of the parametric estimate

8.What are sizing methods that can be applied for estimation?

Functional size

Technical size

Relative size

All of the above

9.Choose the right option

Size is one of the artifacts to be added to the Basis of Estimate

Size is a key input for a parametric estimation model

Size is applicable for technical solutions, infra solutions and application maintenance

All of the above

10.What is required to consolidate an estimate?

More than one estimate from individual estimators

A consolidation of the assumptions followed by a consolidation of the numbers of the individual estimates

An uncertainty buffer to be added to the consolidated estimate

All of the above

11.What estimation assurance processes are required for a Fixed Price Engagement of CAD $5 million

Estimation Validation

EAS Benchmark Estimate

Independent Solution Assessment

All of the above

12.A client wants to change a Time and Material Agile contract to a Fixed Price Agile contract. What Agile Best Practices are applicable?

No fixed price commitments for non-fixed scope agile projects

Fixed price commitments must be for one milestone at a time not to exceed 3 months of effort

Validate key assumptions with client after 2-5 sprints

All of the above

13.What is the objective of an Estimation Validation?

To perform an independent parametric estimate for an Enagement

To perform an independent assessment on the solution and the costing to improve the win rate of the deal

To identify non compliances of Estimation Principles and support a team to improve their estimate

To have a review of the primary estimate by another member of the bid team

14.Choose the right option with respect to the classification of the overall Estimation Validation status

An Estimation Validation is classified Green only if all Estimation Principles are compliant

An Estimation Validation is classified Green only if 90% of the Estimation Principles are compliant

An Estimation Validation is classified Green only if 80% of the Estimation Principles are compliant

An Estimation Validation is classified Green based on the overall confidence in the estimate; this responsibility is up to the reviewer

15.What statement describes the right approach?

To increase margin the cost estimate can be corrected (reduced) without changing the solution

To increase margin, the margin can be corrected (increased) in the financial model without changing the cost estimate

To increase margin, the solution and costing must be evaluated and corrected where possible

To increase margin, the contingency determined based on the risk register can be reduced by removing risks from the register

16.Select the right result for an Engagement with a Cost of 200 and a Profit of 30

Uplift = 15% , Margin = 15%

Uplift = 13% , Margin = 13%

Uplift = 15% , Margin = 13%

Uplift = 13% , Margin = 15%

17.What is the main objective of a measurement system?

Collect Data

Derive Metrics

Create Indicators

Provide information for decision making

18.What is the impact of reducing the duration of a schedule of an engagement with a defined scope by 30-40% on the estimated effort?

Duration of the delivery will reduce, effort will remain the same, number of resources will increase due to a shorter duration

If resources put in some extra effort, the duration will be reduced and effort will be marginaly increase but number of resources will remain the same

Duration will reduce, effort and number of resources will increase

19.What is the purpose of the Basis of Estimate?

To describe estimation techniques that could be used to estimate a solution

A first estimate created for a solution

To maintain all relevant information used while creating an estimate

To determine the accuracy of an estimate

20.What is the impact of reducing the duration of a schedule of an engagement with a defined scope by 30-40% on the estimated effort?

Duration of the delivery will reduce, effort will remain the same, number of resources will increase due to a shorter duration

If resources put in some extra effort, the duration will be reduced and effort will be marginaly increase but number of resources will remain the same

Duration will reduce, effort and number of resources will increase