1. All of the following factors are commonly used to assess potential suppliers pursuant to a source

1. All of the following factors are commonly used to assess potential suppliers pursuant to a source selection decision EXCEPT: (Points : 2) supply qualitypersonal relationships with senior managementinbound transportation costreplenishment 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 stakeholdersunderstand the prioritized stakeholders’ requirementsdesign work systemsmake 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 partsthe cost of labor provided by project team members, consultants and subcontractorsexecutive salaries, utilities and insurancetravel 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 checklistsderiving lessons learnedinterviewing stakeholdersbrainstorming 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 managementstakeholder satisfactionbenchmarkingEarned 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

 

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