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Q401. PMI discusses procurement focusing on the ______ relationship.
A. Buyer or seller
B. Vendor or seller
C. Purchasing
D. Sellino-
Answer: A
Q402. With respect to earned value analysis, which of the following is the value of work actually completed?
A. Actual Cost (AC)
B. planed Value (PV)
C. Cost Variance (CV)
D. Earned Value (EV)
Answer: D
Q403. The amount of time that an activity can be delayed from its early start without delaying the project end date is called:
A. Negative Float
B. Total Float
C. Float
D. c and b
Answer: D
Q404. Which of the following statements concerning compromise as a conflict resolution is false?
A. Neither party wins but both parties get some degree of satisfaction
B. Important aspects of the project may be hindered in order to achieve personal objectives
C. Compromise is generally considered a lose-lose situation
D. A Definitive resolution is seldom achieved
Answer: D
Q405. When you are developing the estimates for project, you choose in a mathematical model to predict estimate. What type of estimation method are you using?
A. Parametric estimating
B. Bottom-up estimating
C. Top-down estimating
D. Analogous estimating
Answer: A
Q406. Your selection committee is debating between two projects. Project A has a payback period of 20 months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend?
A. Either Project A or Project B, because the payback periods are equal
B. Project A, because Project B's payback period is 24 months
C. Project A, because Project B's payback period is 20 months
D. Project A, because Project B's payback period is 21 months
Answer: B
Q407. Your project is moving ahead of schedule. Management elects to incorporate additional quality testing into the project to improve the quality and acceptability of the project deliverable. This is an example of which one of the following?
A. Scope Creep
B. Change Control
C. Quality Assurance
D. Integrated Change Control
Answer: D
Q408. Your upcoming project includes project team members from a foreign country. To make certain that cultural differences do not interfere with team performance, thereby affecting the success of the project, which is your first course of action ?
A. Provide diversity training to all the team members.
B. Collocate the project team.
C. Inform the team members of the organization's rules and standards.
D. Perform team building exercises.
Answer: A