Cost Management Question:
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All of the following are outputs of the Estimate Costs process EXCEPT:

A. An understanding of the cost risk in the work that has been estimated
B. The prevention of inappropriate changes from being induded in the cost baseline
C. An indication of the range of possible costs for the project
D. Documentation of any assumptions made during the Estimate Costs process

Answer:

B. The prevention of inappropriate changes from being induded in the cost baseline

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Analogous estimating:

A. Uses bottom-up estimating techniques
B. Is used most frequently during the executing processes of the project
C. Uses top-down estimating techniques
D. Uses actual detailed historical cost
If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)?

A. 350
B. -75
C. 400
D. -50