Question 1

The expense that has been agreed upon by a contractor and a client best defines

Accepted Answer

A) target cost. 
B) ceiling price. 
C) target fee. 
D) target price. 
A) target cost. 
B) ceiling price. 
C) target fee. 
D) target price.

Question 2

The sharing ratio is the negotiated fee in a contract assuming the target cost is met.

Accepted Answer

A) True 
 B)False

Question 3

Proper planning can guarantee project success.

Accepted Answer

A) True 
 B)False

Question 4

Planning helps project managers to clarify and focus a project's development and prospects.

Accepted Answer

A) True 
 B)False

Question 5

Accomplishing schedules and status reporting is one of several WBS benefits.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following WBS levels is used for scheduling?

Accepted Answer

A) Level 1 
B) Level 2 
C) Level 3 
D) Level 4 
A) Level 1 
B) Level 2 
C) Level 3 
D) Level 4

Question 7

Project documents associated with the integration management knowledge area include

Accepted Answer

A) project schedule. 
B) requirement document. 
C) statement of work. 
D) activity cost estimates. 
A) project schedule. 
B) requirement document. 
C) statement of work. 
D) activity cost estimates.

Question 8

The schedule management plan includes

Accepted Answer

A) the schedule monitoring and control process. 
B) the scope statement of the project. 
C) a cost management strategy. 
D) quality improvement methods. 
A) the schedule monitoring and control process. 
B) the scope statement of the project. 
C) a cost management strategy. 
D) quality improvement methods.

Question 9

The WBS is created by decomposing a project into smaller pieces of manageable work.

Accepted Answer

A) True 
 B)False

Question 10

The end result of a method that decomposes a project into small manageable activities best defines

Accepted Answer

A) WBS. 
B) QFD. 
C) BPR. 
D) KAP. 
A) WBS. 
B) QFD. 
C) BPR. 
D) KAP.

Question 11

A functional requirement is a detailed description of technology suitable for the actual design,development,and production processes of a project.

Accepted Answer

A) True 
 B)False

Question 12

Fixed-price contracts are preferred by both clients and contractors when the scope of the project is clear and well defined.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following refers to a project management process where changes to a project are formally introduced and approved?

Accepted Answer

A) change management 
B) resource management 
C) scope management 
D) direction management 
A) change management 
B) resource management 
C) scope management 
D) direction management

Question 14

A requirements management plan includes

Accepted Answer

A) a description of how scope changes will be identified and classified. 
B) procedures to evaluate and authorize change requests. 
C) all the features required by customers and users. 
D) a description of the audit process. 
A) a description of how scope changes will be identified and classified. 
B) procedures to evaluate and authorize change requests. 
C) all the features required by customers and users. 
D) a description of the audit process.

Question 15

When using a lifespan-based structure,the highest-level entries in the WBS correspond to the major phases of the lifespan.

Accepted Answer

A) True 
 B)False

Question 16

The change management plan includes

Accepted Answer

A) actual change reports. 
B) procedures to evaluate and authorize change requests. 
C) any reporting formats. 
D) all of the above. 
A) actual change reports. 
B) procedures to evaluate and authorize change requests. 
C) any reporting formats. 
D) all of the above.

Question 17

Which of the following provides guidance on how to develop,manage,and control costs throughout the project lifespan?

Accepted Answer

A) quality management plan 
B) cost management plan 
C) process improvement plan 
D) staffing management plan 
A) quality management plan 
B) cost management plan 
C) process improvement plan 
D) staffing management plan

Question 18

X12 standards serve as a common business language allowing all EDI trading partners to communicate electronically with one another.

Accepted Answer

A) True 
 B)False

Question 19

At a minimum,a milestone will have a duration of at least one day.

Accepted Answer

A) True 
 B)False

Question 20

What are the five stages in a procurement cycle?

Accepted Answer

The five stages are

The expense that has been agreed upon by a contractor and a client best defines

The sharing ratio is the negotiated fee in a contract assuming the target cost is met.

Proper planning can guarantee project success.

Planning helps project managers to clarify and focus a project's development and prospects.

Accomplishing schedules and status reporting is one of several WBS benefits.

Which of the following WBS levels is used for scheduling?

Project documents associated with the integration management knowledge area include

The schedule management plan includes

The WBS is created by decomposing a project into smaller pieces of manageable work.

The end result of a method that decomposes a project into small manageable activities best defines

A functional requirement is a detailed description of technology suitable for the actual design,development,and production processes of a project.

Fixed-price contracts are preferred by both clients and contractors when the scope of the project is clear and well defined.

Which of the following refers to a project management process where changes to a project are formally introduced and approved?

A requirements management plan includes

When using a lifespan-based structure,the highest-level entries in the WBS correspond to the major phases of the lifespan.

The change management plan includes

Which of the following provides guidance on how to develop,manage,and control costs throughout the project lifespan?

X12 standards serve as a common business language allowing all EDI trading partners to communicate electronically with one another.

At a minimum,a milestone will have a duration of at least one day.

What are the five stages in a procurement cycle?

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Risk Management

Quality, Performance and Value

Project Scheduling

Resources, Costing, and Control

Project Closure

Project Organizational Structures

Project Success

Filters

Exam 5: Project Planning

The expense that has been agreed upon by a contractor and a client best defines

The sharing ratio is the negotiated fee in a contract assuming the target cost is met.

Proper planning can guarantee project success.

Planning helps project managers to clarify and focus a project's development and prospects.

Accomplishing schedules and status reporting is one of several WBS benefits.

Which of the following WBS levels is used for scheduling?

Project documents associated with the integration management knowledge area include

The schedule management plan includes

The WBS is created by decomposing a project into smaller pieces of manageable work.

The end result of a method that decomposes a project into small manageable activities best defines

A functional requirement is a detailed description of technology suitable for the actual design,development,and production processes of a project.

Fixed-price contracts are preferred by both clients and contractors when the scope of the project is clear and well defined.

Which of the following refers to a project management process where changes to a project are formally introduced and approved?

A requirements management plan includes

When using a lifespan-based structure,the highest-level entries in the WBS correspond to the major phases of the lifespan.

The change management plan includes

Which of the following provides guidance on how to develop,manage,and control costs throughout the project lifespan?

X12 standards serve as a common business language allowing all EDI trading partners to communicate electronically with one another.

At a minimum,a milestone will have a duration of at least one day.

What are the five stages in a procurement cycle?

Projects and Project Management

Process and Methods

Project Management Tools

Project Initiation

Risk Management

Quality, Performance and Value

Project Scheduling

Resources, Costing, and Control

Project Closure

Project Organizational Structures

Project Success

Filters