Which type of contract gives both the seller and the buyer flexibility to deviate from performance
with financial incentives?

A.

Cost Plus Incentive Fee (CPIF)

B.

Fixed Price Incentive Fee (FPIF)

C.

Cost Pius Award Re (CPAF)

D.

Time and Material (T&M)

What is the estimate at completion (EAC) if the budget at completion (BAC) is $100, the actual
cost (AC) is $50, and the earned value (EV) is $25?

A.

$50

B.

$100

C.

$125

D.

$175

The business needs, assumptions, and constraints and the understanding of the customers needs
and high-level requirements are documented in the:

A.

Project management plan.

B.

Project charter.
.

C.

Work breakdown structure.

D.

Stakeholder register

Which Process Group and Knowledge Area include the Sequence Activities process?

A.

Executing Process Group and Project Time Management

B.

Executing Process Group and Project Cost Management

C.

Planning Process Group and Project Time Management

D.

Planning Process Group and Project Cost Management

In the Plan Stakeholder Management process, expert judgment is used to:

A.

Provide information needed to plan appropriate ways to engage project stakeholders.

B.

Ensure comprehensive identification and listing of new stakeholders.

C.

Analyze the information needed to develop the project scope statement.

D.

Decide the level of engagement of the stakeholders at each required stage.

The degree, amount, or volume of risk that an organization or individual will withstand is known as
its risk:

A.

Analysis

B.

Appetite

C.

Tolerance

D.

Response

A reward can only be effective if it is:

A.

Given immediately after the project is completed.

B.

Something that is tangible.

C.

Formally given during project performance appraisals.

D.

Satisfying a need valued by the individual

Project deliverables that have been completed and checked for correctness through the Control
Quality process are known as:

A.

Verified deliverables.

B.

Validated deliverables.

C.

Acceptance criteria.

D.

Activity resource requirements.

An output of the Perform Integrated Change Control process is:

A.

Deliverables.

B.

Validated changes.

C.

The change log.

D.

The requirements traceability matrix.

During which process does the project team receive bids and proposals?

A.

Conduct Procurements

B.

Plan Procurements

C.

Estimate Costs

D.

Control Budget

The process of monitoring the status of the project and product scope as well as managing the
changes to the scope baseline is known as:

A.

Validate Scope.

B.

Plan Scope Management.

C.

Control Scope.

D.

Define Scope.

Which output is the approved version of the time-phased project budget?

A.

Resource calendar

B.

Scope baseline

C.

Trend analysis

D.

Cost baseline