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2021 AIF Reliable Practice Materials | AIF Exam Fees & New BCS Foundation Certificate In Artificial Intelligence Real Test - Ecomasks

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NEW QUESTION: 1
Some wills specify that more than one responsible party share the trustee's responsibilities of an estate
.The condition depicts relation with which one of the following trust services:
A. Trusts
B. Estate settlement
C. Guardians of estates
D. Co-fiduciary
Answer: D

NEW QUESTION: 2
Activity cost estimates and the project schedule are inputs to which Project Cost Management process?
A. Estimate Costs
B. Determine Budget
C. Control Costs
D. Plan Cost Management
Answer: B
Explanation:
Explanation/Reference:
Explanation:
7.2.3.1 Activity Cost Estimates
Activity cost estimates are quantitative assessments of the probable costs required to complete project work. Cost estimates can be presented in summary form or in detail. Costs are estimated for all resources that are applied to the activity cost estimate. This includes, but is not limited to, direct labor, materials, equipment, services, facilities, information technology, and special categories such as cost of financing (including interest charges), an inflation allowance, exchange rates, or a cost contingency reserve. Indirect costs, if they are included in the project estimate, can be included at the activity level or at higher levels.
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates

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