Pass the PMI CAPM PMI-002 Questions and answers with CertsForce

Viewing page 11 out of 15 pages
Viewing questions 151-165 out of questions
Questions # 151:

The concept that it is easier and less costly to do the work right the first time is called _______________.

Options:

A.

Zero defects


B.

Continuous improvement


C.

DTRTRTFT


D.

The customer is the next person in the process


Expert Solution
Questions # 152:

Which of the following processes involves obtaining information (bids and proposals) from prospective sellers?

Options:

A.

Procurement Planning


B.

Source Selection


C.

Contract Administration


D.

Solicitation


Expert Solution
Questions # 153:

A contingency plan is executed when _____________.

Options:

A.

A risks is identified


B.

An identified risk occurs


C.

When a workaround is needed


D.

Al1 of the above


Expert Solution
Questions # 154:

Communication is the PRIME responsibility of a Project ___________.

Options:

A.

Manager in a weak matrix


B.

Manager in a projectized environment


C.

Coordinator


D.

Expeditor


Expert Solution
Questions # 155:

A document or tool which describes when and how human resources will be brought onto and taken off the project team is called ____________.

Options:

A.

Staffing Management Plan


B.

Responsibility Assignment Matrix (RAM)


C.

Organizational Breakdown Structure (OBS)


D.

Resource Assignment Chart


Expert Solution
Questions # 156:

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

Options:

A.

Trend analysis


B.

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


C.

Performance reports


D.

Change requests


Expert Solution
Questions # 157:

Which of the following statements is TRUE regarding various Activity Scheduling tools?

Options:

A.

PDM allows for conditional branching and iteration of activities.


B.

PDM uses activity-on-node (AON) diagramming method.


C.

PDM allows for conditional branching and iteration of activities.


D.

PDM uses analogous methods as an estimation technique.


Expert Solution
Questions # 158:

The normal risk of doing business that carries opportunities for both gain and loss is called _______________.

Options:

A.

Favourable risk


B.

Opportunity risk


C.

Pure risk


D.

Business risk


Expert Solution
Questions # 159:

Which of the following is true regarding IRR?

Options:

A.

IRR is a constrained optimization method.


B.

IRR assumes reinvestment at the cost of capital.


C.

IRR is the discount rate when NPV is greater than zero.


D.

IRR is the discount rate when NPV is equal to zero.


Expert Solution
Questions # 160:

AOA refers to _____________.

Options:

A.

Arrow Diagramming Method [ADM]


B.

Precedence Diagramming Method [PDM]


C.

Fragment Network


D.

None


Expert Solution
Questions # 161:

What impact does a matrix organization have on project team development?

Options:

A.

No impact at all.


B.

It complicates team development.


C.

It simplifies team development.


D.

It hinders team development completely.


Expert Solution
Questions # 162:

Complete final contract performance reporting and verify product is done in _______.

Options:

A.

Plan Procurements


B.

Conduct Procurements


C.

Administer Procurements


D.

Close Procurements


Expert Solution
Questions # 163:

The receiver filters messages based on all but the following:

Options:

A.

Culture


B.

Semantics


C.

Language


D.

Distance


Expert Solution
Questions # 164:

Which of the following contract types places the greatest risk on the seller?

Options:

A.

Cost-plus-fixed-fee contract


B.

Cost plus-incentive-fee contract


C.

Fixed-price-incentive contract


D.

Firm-fixed-price contract


Expert Solution
Questions # 165:

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?

Options:

A.

$31,000


B.

$19,000


C.

$15,000


D.

None of the above


Expert Solution
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Viewing questions 151-165 out of questions