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NEW QUESTION 1
The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:
- A. Cost Plus Incentive Fee Contract (CPIF).
- B. Cost Plus Fixed Fee Contract (CPFF).
- C. Fixed Price Incentive Fee Contract (FPIF).
- D. Time and Material Contract (T&M).
Answer: A
NEW QUESTION 2
A key benefit of the Manage Communications process is that it enables:
- A. The best use of communication method
- B. An efficient and effective communication flo
- C. Project costs to be reduce
- D. The best use of communication technolog
Answer: B
NEW QUESTION 3
The project manager notes that stakeholders are aware of the project and potential impacts and are actively engaged in ensuring that the project is a success. The engagement level of the stakeholders should be classified as:
- A. Supportive
- B. Leading
- C. Neutral
- D. Resistant
Answer: B
NEW QUESTION 4
What are the components of the “triple constraint”?
- A. Scope, time, requirements
- B. Resources, time, cost
- C. Scope, management, cost
- D. Scope, time, cost
Answer: D
NEW QUESTION 5
What is a tool and technique used in the Develop Project Management Plan process?
- A. Project management information system (PMIS)
- B. Project charter
- C. Quality assurance
- D. Expert judgment
Answer: D
NEW QUESTION 6
Project Management Process Groups are linked by:
- A. the outputs they produce
- B. discrete or one-time events
- C. the project management plan
- D. common tools and techniques
Answer: A
NEW QUESTION 7
Which process is usually a rapid and cost-effective means of establishing priorities for Plan Risk Responses?
- A. Identify Risks
- B. Plan Risk Management
- C. Perform Qualitative Risk Analysis
- D. Perform Quantitative Risk Analysis
Answer: C
NEW QUESTION 8
Which of the following is a tool or technique for the Plan Procurements process?
- A. Bidder conferences
- B. Proposal evaluation techniques
- C. Contract types
- D. Contract change control systems
Answer: A
NEW QUESTION 9
In a weak matrix, the project managers role is:
- A. part-time
- B. full-time
- C. occasional
- D. unlimited
Answer: A
NEW QUESTION 10
Which category of contracts are sellers legally obligated to complete, with possible financial damages if the project objectives are not met?
- A. Cost-reimbursable contracts
- B. Time and Material contracts (T&M)
- C. Fixed-price contracts
- D. Cost Plus Fixed Fee Contracts (CPFF)
Answer: C
NEW QUESTION 11
Which process requires implementation of approved changes?
- A. Direct and Manage Project Execution
- B. Monitor and Control Project Work
- C. Perform Integrated Change Control
- D. Close Project or Phase
Answer: A
NEW QUESTION 12
Organizations perceive risks as:
- A. events that will inevitably impact project and organizational objective
- B. the effect of uncertainty on their project and organizational objective
- C. events which could have a negative impact on project and organizational objective
- D. the negative impact of undesired events on their project and organizational objective
Answer: B
NEW QUESTION 13
Which tool or technique is an examination of industry and specific vendor capabilities?
- A. Independent estimates
- B. Market research
- C. Analytical techniques
- D. Bidder conferences
Answer: B
NEW QUESTION 14
What is the schedule performance index (SPI) if the planned value (PV) is $100, the actual cost (AC) is $150, and the earned value (EV) is $50?
- A. 0.50
- B. 0.67
- C. 1.50
- D. 2.00
Answer: A
NEW QUESTION 15
Procurement audits, negotiated settlements, and a records management system are tools and techniques used in which Procurement Management process?
- A. Close Procurements
- B. Administer Procurements
- C. Plan Procurements
- D. Conduct Procurements
Answer: A
NEW QUESTION 16
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