Questions 181-200

181) A type of procurement document whereby the buyer requests a potential seller to provide various pieces of information related to a product or service or seller capability is:
a) Request for Information
b) Request for Proposal
c) Request for Quotation
d) None of the above


182) A contract can end by:
a) Successful performance
b) Mutual agreement
c) Breach of contract
d) Any of the above


183) A procurement audit:
a) Is a structured review of the procurement process originating from the Plan Procurement
Management process through Control Procurements
b) The objective of a procurement audit is to identify successes
and failures that warrant recognition in the preparation or administration of other procurement contracts on the
project, or on other projects within the performing organization
c) Both a and b
d) Neither a nor b


184) A type of 'Breach of Contract' is:
a) Material
b) Minor
c) Fundamental
d) All of the above


185) Project charter is created based on: 
i) Business need
ii) Customer request
iii) Market force
iv) Project manager's requirements

a) All of the above
b) i, ii, iii
c) i, ii
d) ii only


186) With regard to Opportunity cost:
a) The smaller the cost, the better
b) The larger the cost, the better'
c) It depends on cost of materials
d) It depends on economic conditions


187) Predictive life cycles:
a) Are also known as fully plan-driven
b) Are ones in which the project scope, and the time and cost required to deliver that scope, are determined as early in the project life cycle as practically possible
c) Both a and b
d) Neither a nor b


188) Some examples of hygiene factors in Herzberg's motivation theory are:
a) Salary, Work conditions, Job security
b) Pay, Working conditions, awards
c) Pay, Promotion, Salary
d) Pay, Promotion, Free lunch


189) Variance analysis compares actual results to baseline. This can be done for:
a) Cost
b) Schedule
c) Quality
d) All of the above


190) Active listening is:
a) Being attentive when the speaker is talking
b) Asking questions when the speaker is not clear
c) Both a and b
d) Neither a nor b


191) The longest path through a project that shows the shortest duration in which the project can be completed is:
a) Critical path
b) Project schedule
c) Least possible time
d) None of the above


192) Who is responsible for ensuring that risk audits are performed?
a) Project manager
b) Team members
c) Project sponsor
d) Functional manager


193) Pareto principle is also known as:
a) 80-20 rule
b) Law of vital few
c) Principle of factor sparsity
d) All of the above


194) Pareto efficiency states that:
a) 80% of effects come from 20% of causes
b) 20% of effects come from 80% of causes
c) 80% of causes come from 20% of effects
d) 20% of causes come from 20% of effects


195) Regarding control limits, which of the following is true:
a) If a point lies outside of the control limits, or seven consecutive points are on one side of the mean but within control limits, the process is out of control
b) If a point lies outside of the control limits, or seven consecutive points are on either side of the mean but within control limits, the process is out of control
c) If all but seven points lie within the control limits, and seven consecutive points are on one side of the mean but within control limits, the process is in control
d) None of the above


196) Projects can end due to:
a) Addition, Starvation, Integration, Extinction
b) Deletion, Starvation, Integration, Extinction
c) Addition, Starvation, Disassociation, Extinction
d) Addition, Starvation, Integration, Promotion


197) The tools used in Direct and Manage Project Work are:
a) Expert judgment
b) Project management information system
c) Meetings
d) All of the above


198) Risk mitigation is:
a) Preventing the risk from occuring
b) Sharing the risk with another person/organization
c) Making someone else responsible for the risk
d) Reducing the impact or probability of occurrence of the risk


199) Using which of the below can you predict future performance of team:
a) Trend analysis
b) EMV
c) Control limits
d) Risk analysis


200) Salary of full-time employees and cost of hardware bought specially for your project count as:
a) Direct costs
b) Indirect costs
c) Project costs
d) None of the above