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Which of the following is an example of the simplest fixed-price contract?

A.

Purchase requisition

B.

Purchase order

C.

Verbal agreement

D.

Request for quote

Which is the correct formula for calculating expected activity cost for three-point estimating?

A.

Ce = (C0 + 6Cm + Cp)/4

B.

Ce = (6C0 + Cm + Cp)/4

C.

Ce = (C0 + 4Cm + Cp)/6

D.

Ce = (C0 + C„, + 4Cp) / 6

What is a technique used in the performance reporting process?

A.

Expert judgment

B.

Project management methodology

C.

Stakeholder analysis

D.

Status review meetings

An example of a group decision-making technique is:

A.

nominal group technique

B.

majority

C.

affinity diagram

D.

multi-criteria decision analysis

If the most likely duration of an activity is five weeks, the best-case duration is two weeks, and the worst-case duration is 14 weeks, how many weeks is the expected duration of the activity?

A.

One

B.

Five

C.

Six

D.

Seven

Types of internal failure costs include:

A.

inspections.

B.

equipment and training.

C.

lost business.

D.

reworking and scrapping.

Which of the following choices is a contract closure tool or technique?

A.

Contract plan

B.

Procurement plan

C.

Closure process

D.

Procurement audits

Those who enter into a contractual agreement to provide services necessary for a project are:

A.

buyers

B.

sellers

C.

business partners

D.

product users

The process of identifying and documenting relationships among the project activities is known as:

A.

Control Schedule.

B.

Sequence Activities.

C.

Define Activities.

D.

Develop Schedule.

In a weak matrix, the project managers role is:

A.

part-time

B.

full-time

C.

occasional

D.

unlimited

Which activity may occur at project or phase closure?

A.

Acceptance of deliverables

B.

Change requests

C.

Project management plan updates

D.

Benchmarking

In which Process Group are lessons learned documented?

A.

Planning

B.

Closing

C.

Executing

D.

Initiating

Which type of dependency is legally or contractually required or inherent in the nature of work and often involves physical limitations?

A.

Mandatory

B.

Discretionary

C.

Internal

D.

External

Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

A.

Fixed Price with Economic Price Adjustments Contract (FP-EPA)

B.

Cost-Reimbursable Contract (CR)

C.

Firm-Fixed -Price Contract (FFP)

D.

Fixed-Price-Incentive-Fee Contract (FPIF)

Which Knowledge Areas include processes from the Closing Process Group?

A.

Project Quality Management and Project Time Management

B.

Project Scope Management and Project Risk Management

C.

Project Stakeholder Management and Project Cost Management

D.

Project Integration Management and Project Procurement Management

Conditions that are not under the control of the project team that influence, direct, or constrain a project are called:

A.

Enterprise environmental factors

B.

Work performance reports

C.

Organizational process assets

D.

Context diagrams

When calculating the cost of quality (COQ) for a product or service, money spent for cost of conformance would include the areas of:

A.

training, testing, and warranty work.

B.

equipment, rework, and scrap.

C.

training, document processes, and inspections.

D.

inspections, rework, and warranty work.

Which schedule compression technique has phases or activities done in parallel that would normally have been done sequentially?

A.

Crashing

B.

Fast tracking

C.

Leads and lags adjustment

D.

Parallel task development

An input to Close Project or Phase is:

A.

Accepted deliverables,

B.

Final products or services,

C.

Document updates,

D.

Work performance information.

Which tools or techniques are used during the Close Project or Phase process?

A.

Reserve analysis and expert judgment

B.

Facilitation techniques and meetings

C.

Expert judgment and analytical techniques

D.

Performance reviews and meetings