You are traveling for an assignment from Alberta to a field office in south Texas. Airplane pilot announces the temperature at destination is 91 degrees Fahrenheit. What is this temperature in Celsius?

A company needs to make owners of a patent a payment in a form of Royalty to use their patent. How can this cost be classified?

AACE describes different elements of cost management as:

You are ordering 60 kilograms of a chemical for use during pre-commissioning of a refinery in Canada. This chemical price is $4.99 per pound from a US manufacturer. What cost would you need to consider for this purchase?

Cost of the raw materials used to manufacture a specific product is:

You are working on a cost estimate for a gas plant in US. Your estimating template is adopted from a similar gas plant built in Canada. There is a $20 per meter for price of a special 4” PVC pipe. You need 20 ft of this pipe. How much is the total cost for this material?

In a 40 hour per week work year, how many hours would a crane operator work given he uses all his following allowances:

Sick Leave Allowance = 80 hours

Vacation Days = 15 days

Paid Holidays = 12 days

You have the following members in your design team. What is the composite direct hourly rate for the team?

2 Jr. Engineers              $50/hr

1 Senior Engineer         $75/hr

1 3D Modeler                $60/hr

1 Checker                     $65/hr

You own an F-150 truck with an original cost of $50,000 with an estimated salvage value of $5,000. If the truck lasts 20 years, using the straight-line (SL) method, what is the annual depreciation of the asset?

Preparing a cost estimate using cost/capacity factors is classified as:

Project schedule is consisting of four activities of A, B, C & D. Activity A has a duration of 10 days and start with the project start. Activity B has a duration of 15 days and can start 1 day after start of Activity A but cannot finish until 7 days after completion of Activity A. Activity C has a duration of 5 days and cannot finish until four days after Activity B is complete. Activity D has a duration of 4 days and can start when Activity C is complete. The total duration of the project is:

Which of the following describes a type of schedule relation-type?

Total float is the amount of time an activity can be delayed without delaying:

Free slack is the amount of time a task can be delayed without delaying the:

A project is two months behind the schedule but running significantly under budget. Project manager has decided to accelerate the execution, but wants to avoid any risk of rework. What should he/she do?

Towards the end of a project, the forecast hours to complete began to exceed planned hours and project controller anticipates a negative variance. Which analysis method do you recommend the project manager to use as a measurement tool to validate this information?

What best describes a WBS?

At month 6 of a 12 month project, project controls team calculated below metrics: EV = $200k, PV = $380k, and AC = $270k.What is the schedule variance and cost variance?

You are reviewing a report for a project with a budget of $5,000,000. Project reports SPI=0.75, the CPI is 0.8, and the physical progress percent is 40%. Which one below is the total dollars actually spent?

You are assigned to perform a post completion review and analysis for a project. The last monthly report before project archives shows SPI = 0.7 and CPI = 1.1. Which answer best describes the status of project when it finished?

You are anticipating your project to complete within the baseline cost, what formula will you use for forecasting the Estimate at Completion (EAC) cost?

If the EAC is $270,000, the PV is $190,000 and the AC is $275,000, what is the ETC?

The average monthly rain fall in Vancouver in 2017 was recorded as follows:

132, 115, 105, 75, 62, 46, 36, 38, 64, 115, 167, 161.

What is median, mode, and range of this data set?

All the following are indices to measure central tendency except for one. Which one is that?

Below statements describe correctly the normal distribution except for one:

Which of the following best describes accepting a risk in project?

Your organization is very risk averse and they want you to transfer risks to your contractor. In such case what form of contract best suit your project?

How often the risk identification process should be conducted:

What are typically the basic methods of dispute resolution and their order in contracts?

There are four basic types of contracts being used for capital projects. What are those?