1. Communications is best described as: A. an exchange of information. B. providing written or oral directions. C. consists of senders and receivers D. effective listening. E. All of the above ANS: E
2. Fixed Price contracts place more risk on the: A. owner B. buyer C. seller D. contractor E. C or D ANS: E
3. Life cycle costing is the total cost to the customer for the acquisition and ownership over its full life. Life cycle costing categories include the cost of _____, _____, and _____. A. R &. D, maintainability, operation and support. B. R &. D, production, operation and support. C. Acquisition, operations, maintenance. D. Production, operations, maintenance. E. None of the above ANS: B
4. Management By Objectives assumes that the team: A. is receptive to an unstructured environment. B. does not require close supervision. C. possesses a self directed philosophy D. identifies with project objectives. E. All of the above. ANS: E
5. Quality may be defined as: A. conformance to requirements. B. fitness for use. C. continuous improvement of products and services D. appeal to the customer E. All of the above except B ANS: E
6. Since risk is associated with most projects, the best course of action is to: A. cover all project risks by buying appropriate insurance B. ignore the risks, since nothing can be done about them and move forward with the project in an expeditious manner. C. avoid projects with clear and present risks D. eliminate all known risks prior to the execution phase of the project E. identify various risks and implement actions to mitigate their potential impact ANS: E
7. The process of choosing/documenting the best approach to achieve the project objectives is part of: A. The scope baseline. B. Scope authorization C. Scope definition D. Scope planning. E. All of the above. ANS: D
8. Time management is the allocation of time in a project’s life cycle through the process of: A. Planning B. Estimating. C. Scheduling. D. Controlling E. All of the above. ANS: E
9. A comprehensive definition of scope management would be: A. Managing a project in terms of its objective through the concept, development, implementation, and termination phases of a project. B. Approval of the scope baseline. C. Approval of the detailed project charter. D. Configuration control. E. Approved detailed planning including budgets, resource allocation, linear responsibility charts and management sponsorship. ANS: A
10. Cost Plus Percentage of Cost contracts are more desirable for the: A. owner B. buyer C. seller D. contractor E. C or D ANS: E