1. All of the following factors are commonly used to assess potential suppliers pursuant to a source selection decision EXCEPT: (Points : 2)
supply quality
personal relationships with senior management
inbound transportation cost
replenishment lead time
2. The decision process for developing relevant quality standards on a project includes all of the following activities EXCEPT: (Points : 2)
identify all stakeholders
understand the prioritized stakeholders’ requirements
design work systems
make tradeoff decisions
3. Risk response strategy decisions should reflect a thorough understanding of the priorities that key stakeholders have relative to project objectives. (Points : 2)
True
False
4. The primary output of risk identification is the Risk Identification Matrix (RIM). (Points : 2)
True
False
5. Fixed costs remain constant over time, whereas variable costs may change directly as a function of time. (Points : 2)
True
False
6. Sometimes a project is terminated before its normal completion (Points : 2)
True
False
7. Projects often include indirect costs that are not associated directly with one specific project. Which of the following items are most typically considered to be indirect costs? (Points : 2)
costs associated with material and purchased parts
the cost of labor provided by project team members, consultants and subcontractors
executive salaries, utilities and insurance
travel cost for the project team
8. One of the important factors that should influence the selection of contract type is the degree of risk to be assumed by both the seller and the buyer. (Points : 2)
True
False
9. Project managers are encouraged to avoid overly conservative cost estimates because the resulting estimate may be too high to approve. (Points : 2)
True
False
10. Early in a project when very little detail is known about a project, it is impractical to render even a rough estimate of the final project cost. (Points : 2)
True
False
11. All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT: (Points : 2)
reviewing risk checklists
deriving lessons learned
interviewing stakeholders
brainstorming among team members and subject matter experts
12. Recurring costs tend to occur during project planning and closing while nonrecurring costs tend to occur during project execution. (Points : 2)
True
False
13. The four core project quality concepts include which of the following? (Points : 2)
assumption-based management
stakeholder satisfaction
benchmarking
Earned Value management
14. Stakeholder satisfaction requires an understanding of the ultimate quality goals with respect to stakeholders. (Points : 2)
True
False
15. The extent to which a project relies upon internal sources for materials and services varies from one project to another and from one organization to another. (Points : 2)
True
False
16. The process of determining which risks might affect the project and documenting their characteristics is known as risk charting. (Points : 2)
True
False
17. Perform Quality Assurance is the process of auditing the quality requirements, and the results from quality control measurements to ensure appropriate quality standards and operational definitions are used. (Points : 2)
True
False
18. When using MS Project it is important to make sure all stakeholders agree with the project plan since once the baseline is set it cannot be changed without resetting the entire project. (Points : 2)
True
False
19. When using MS Project, as actual data is entered into an activity’s Actual field the program copies the data into the activity’s Schedule fields. (Points : 2)
True
False
20. MS Project supports both bottom-up and summary level cost modeling. (Points : 2)
True
False
