Topic 1, Volume A
Question No: 31 – (Topic 1)
You are the project manager of a project to create a network inside of a building. You need to hire an electrician to run network cable throughout the building. Based on your experience, you create an estimate for the work that you#39;ll measure all of the bids against. This is an example of what type of procurement seller selection?
Seller rating system
Question No: 32 – (Topic 1)
Sam is the project manager for his organization. His project is not doing well on project schedule performance, and management wants him to predict how the project schedule and cost will end. Management has asked Sam to report and forecast his project#39;s performance based on the Delphi Method, scenario building, technology forecasting, and to forecast by analogy. What forecasting method is management asking Sam to use?
Earned value management method
Time series methods
Question No: 33 – (Topic 1)
You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?
Terms for payment
Approval from the project sponsor
An approved vendor by a leading trade organization
A not-to-exceed clause
Question No: 34 – (Topic 1)
You work as a project manager for PassGuide Inc. You want to improve the competencies and interaction of team members to enhance project performance. Which of the following processes will help you to accomplish the task?
Manage Project Team
Acquire Project Team
Develop Project Team
Develop Human Resource Plan
Question No: 35 CORRECT TEXT – (Topic 1)
Fill in the blank with the appropriate term.
The defines the period in which, during the development of the project scope statement, a clear and very thorough project scope statement narrative is documented.
Answer: develop project scope statement period
Question No: 36 – (Topic 1)
You are the project manager of the JKM Project for your organization. Your project is
supposed to be 60 percent complete but you are only 45 percent complete. The project has an assigned budget of $765,000 but you have already spent $365,000 to reach this point in the project due to some errors and rework. Management is pressing you on when you#39;ll complete the project and how much the project will likely cost based on the current performance. You need to tell management what the project#39;s current cost performance index (CPI) is. What value should you report to management based on your project#39;s performance?
Question No: 37 – (Topic 1)
You work as a project manager for PassGuide Inc. You want to include a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope. Which of the following processes will help you to accomplish the task?
Question No: 38 – (Topic 1)
Which of the following are the types of casual/econometric forecasting methods? Each correct answer represents a complete solution. Choose all that apply.
Question No: 39 – (Topic 1)
Which of the following documents is described in the statement below?
quot;It is an exchange of promises between two or more parties to do an act which is enforceable in the court of law.quot;
Question No: 40 CORRECT TEXT – (Topic 1)
You work as a project manager for PassGuide Inc. You are using market risk, value at risk (VaR), historical simulation (HS), and extreme value theory (EVT) so as to analyze a portfolio and make forecasts of the likely losses that would be incurred for a variety of risks. Which of the following processes are you using to accomplish the task?
Answer: Risk limitation Answer: Risk modeling Answer: Risk exposure Answer: Risk threshold Answer: B
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