Contract for project without defined scope
You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you realize that the scope has not been defined yet. Which of the following contract types is your best choice?
A. Firm Fixed Price (FFP)
B. Time and Material (T&M)
C. Cost Plus Fixed Fee (CPFF)
D. Cost Plus Award Fee (CPAF)
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Activity sequencing using nodes
__________ is an activity sequencing technique that uses nodes to represent activities.
A. Project management software
B. Activity-on-Arrow (AOA)
C. Precedence Diagramming Method (PDM)
D. Critical chain method
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Contract for project that spans many years
You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you want to pay a simple fee but recognize that the project will take nearly a decade to complete. Which of the following contract types is your best choice?
A. Cost Plus Fixed Fee (CPFF)
B. Time and Material (T&M)
C. Firm Fixed Price (FFP)
D. Fixed Price with Economic Price Adjustment (FP-EPA)
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Contract to reimburse costs and meeting objectives
You are the project manager for a utility company. While determining the type of contract with one of your suppliers, you determine that you want to reimburse costs and pay a fee based on achieving performance objectives. Which of the following contract types is your best choice?
A. Cost Plus Fixed Fee (CPFF)
B. Cost Plus Incentive Fee (CPIF)
C. Firm Fixed Price (FFP)
D. Fixed Price Incentive Fee (FPIF)
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Public responsibility
Danielle is the project manager for a public water organization. During the testing phase, she learns that there are contaminants in the water left from her construction project. Danielle consults her environmental experts and they claim that there is very little risk of any sickness. What is the best thing for Danielle to do?
A. Inform the public that the water is safe but they should boil the water before drinking.
B. Inform the public and perform a more detailed examination to locate the root of the problem.
C. Inform the public of the water treatment process and your organization’s safety record.
D. Do nothing because there is low risk for sickness.
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PMP responsibilities
As a PMP, you are responsible for all of the following except:
A. Ensuring that the PMBOK® Guide is strictly enforced
B. Meeting the scope of the project
C. Providing accurate estimates to superiors
D. Keeping confidential information from leaking
Answer:
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Functional organization advantage
One advantage of a functional organizations is:
A. Being part of a functional team provides team members with peer support.
B. The project manager has full control over the budget.
C. The functional manager reports to the project manager.
D. Team members have two bosses.
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Projectized organization advantage
One advantage of a projectized organization is:
A. The project manager reports to the functional manager.
B. Team members have two bosses.
C. Team members are usually responsible with only one project at a time.
D. The project manager has no control over the budget.
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Manage Project Team tool for feedback
During the Manage Project Team process, a common tool used to provide constructive feedback is:
A. Project performance appraisal
B. Ground rules
C. Training
D. Team-building activities
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Reason for RAM
You were assigned a twelve-person team on your project so you decide to bring a RAM to your kick-off meeting. When asked by an intern how the RAM would help, you explain that it:
A. Provides a diagram that decomposes all work.
B. Reduces overall project costs by eliminating all outsourcing.
C. Minimizes delays to the schedule by overlapping tasks.
D. Ensures that there is only one person who is ultimately responsible for a task.
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