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A cost-plus-incentive-fee (CPIF) contract has an estimated cost of $150,000 with a predetermined fee of $15,000 and a share ratio of 80/20. The actual cost of the project is $130,000. How much profit does the seller make?

A.

$31,000

B.

$19,000

C.

$15,000

D.

None of the above

Under what circumstances is it better for a contractor to subcontract?

A.

The subcontractor possesses special technical and engineering skills that the contractor does not have.

B.

The work to be subcontracted represents almost all of the overall work effort.

C.

The subcontractor can perform the work at a lower cost than the contractor.

D.

Both A and c

All of the following are outputs from Report Performance EXCEPT _________.

A.

Trend analysis

B.

"S" curves, histograms, bar charts, and tables

C.

Performance reports

D.

Change requests

The belief that management's high levels of trust, confidence and commitment to workers leads to high levels of motivation and productivity on the part of workers is a part of which motivation theory?

A.

Theory Y

B.

Theory Z

C.

Theory X

D.

Contingency Theory

A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called _________.

A.

Quality Policy

B.

check List

C.

Trenc' Analysis

D.

Paieto Diagram

All of the following are communication tools EXCEPT ___________.

A.

Memos

B.

Verbal circulation of a rumour

C.

videos

D.

Inputting data into a spreadsheet

Employees in a balanced matrix often report to ______________.

A.

Two or more managers

B.

One manager

C.

Only functional manager

D.

None

Which of the following is true about pure risk?

A.

The risk can be deflected or transferred to another party through a contract or insurance policy.

B.

Pure risks involve the chance of both a profit and a loss.

C.

No opportunities are associated with pure risk, only losses.

D.

Botn A and c are correct.

Reserve analysis is a tool or technique in all of the following processes EXCEPT:

A.

Determine budget

B.

Activity resource estimation

C.

Monitor and control risks

D.

Activity duration estimation

A contingency plan is ______________.

A.

A planned response that defines the steps to be taken if an identified risk event occurs

B.

A workaround

C.

A reserve used to allow for future situations which may be planned for only in part

D.

Both A and c

A histogram ordered by frequency of occurrence that shows how many results were generated by each identified cause is called ______________.

A.

Statistical Histogram

B.

Juran Histogram

C.

Fishbone Diagram

D.

Pareto Diagram

A cost management plan is ____________.

A.

A Plan for describing how cost variances will be managed

B.

A subsidiary element of the project charter

C.

An input to the Estimate Costs process

D.

Al1 of the above

Which of the following is output of the Plan Communications process?

A.

Project records

B.

Communications management plan

C.

Performance reports

D.

Formal acceptance

Which of the following is not true about change requests?

A.

They always require additional funding.

B.

They happen while the project work is being done.

C.

They can be written or verbal.

D.

They can be requested by a stakeholder.

Estimate Costs ______________.

A.

Involves developing an estimate of the costs of the resources needed to complete project activities

B.

Includes identifying and considering various costing alternatives

C.

Involves allocating the overall estimates to individual work items

D.

Both A and c