Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

Which contract type is typically used whenever the seller's performance period spans a considerable period of years?

A.

Fixed-Price-Incentive-Fee contracts (FPIF)

B.

Fixed Price with Economic Price Adjustment contracts (FP-EPA)

C.

Cost-Plus-Fixed-Fee contracts (CPFF)

D.

Time and Material contracts (T&M)

Which of the following techniques incorporates a form of risk assessment?

A.

Arrow diagramming method

B.

Network diagramming

C.

Critical path method

D.

Three-point estimating

Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?

A.

Mitigate

B.

Transfer

C.

Share

D.

Avoid

The Java development of a project is outsourced to India. The project schedule is starting to slip.

What is the LEAST likely cause of the slippage?

A.

Lack of competent programmers

B.

Cultural influences

C.

Internationalization

D.

Communication

Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of management reserve to _____, whereas the customer wants the management reserve to _____.

A.

Increase, increase.

B.

Increase, decrease.

C.

Remain the same, return to customer.

D.

Decrease, increase.

E.

Decrease, decrease.

Reserve analysis is a tool and technique used in which of the following processes?

A.

Monitor and Control Risks

B.

Qualitative Risk Analysis

C.

Quantitative Risk Analysis

D.

Plan Risk Responses

Surveys have shown that the primary skill needed to be a project manager is communication skill. The typical project manager spends approximately ______ percent of his or her time communicating.

A.

40-50

B.

50-60

C.

90-95

D.

75-90

E.

60-75

In crashing a task, you would focus on:

A.

Accelerate performance by minimizing cost.

B.

As many tasks as possible and accelerate performance by minimizing cost.

C.

Non critical tasks.

D.

Accelerating performance of tasks on critical path.

E.

As many tasks as possible.

A project team is in which of the following processes when they finalize all activities across all of the management process groups to formally complete the project?

A.

Closing

B.

Executing

C.

Monitoring and Controlling

D.

Planning

Which is an input to the Scope Verification Process?

A.

Performance report

B.

Work breakdown structure

C.

Requested changes

D.

Project scope statement

A project manager and team from a firm that designs railroad equipment are tasked to design a machine to load stone onto railroad cars. The design allows for two percent spillage, amounting to over two tons of spilled rock per day.

In which of the following does the project manager document quality control, quality assurance, and quality improvements for this project?

A.

Quality management plan

B.

Quality policy

C.

Control charts

D.

Project management plan

Which process includes facilitated workshops as a tool and technique?

A.

Collect Requirements

B.

Plan Communications

C.

Develop Project Team

D.

Report Performance

Which process group can be performed outside the project's scope of control?

A.

Planning

B.

Monitoring and Control

C.

Closing

D.

Initiating

When does risk monitoring and control occur?

A.

At project initiation

B.

During work performance analysis

C.

Throughout the life of the project

D.

At project milestones

Which type of tool would be used for the quality planning activity?

A.

Schedule Analysis

B.

Checklist Analysis

C.

Assumption Analysis

D.

Cost-Benefit Analysis