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Course Project Management

Test Final Exam Part 2

Status Completed

Attempt Score 100 out of 100 points

Time Elapsed 57 minutes out of 2 hours.

Instructions This exam consists of 25 multiple choice questions and covers the material in Chapters 16, 17, 19, and 20.

Question 1

4 out of 4 points

Which of the following generally gets reduced during tradeoffs?

Question 2

4 out of 4 points

Which of the following is normally not one of the three parameters considered during tradeoffs?

Question 3

4 out of 4 points

Assigning high, medium or low to a potential risk is part of:

Question 4

4 out of 4 points

The probability-impact matrix is a technique used as part of:

Question 5

4 out of 4 points

In which life cycle phase does the project manager have the greatest financial risk? (i.e. amount at state)

Question 6

4 out of 4 points

Brainstorming, assumption analysis and WBS decomposition are techniques used for:

Question 7

4 out of 4 points

Risk constitutes a lack of knowledge _____.

Question 8

4 out of 4 points

Nominal work groups and the Delphi Techniques are used as part of which risk management process?

Question 9

4 out of 4 points

The two primary components of a risk are:

Question 10

4 out of 4 points

Which risk handling mode is a project manager using if he / she throws out one of three designs for a new product?

Question 11

4 out of 4 points

During contract negotiations, the goal of the seller is to:

Question 12

4 out of 4 points

Which type of contract has a point of total assumption?

Question 13

4 out of 4 points

The type of contract where all of the seller’s costs are reimbursed and the seller will also receive a percentage of the profit pool based upon how well the buyer likes the end result is a _____ contract.

Question 14

4 out of 4 points

During contract negotiations, the goal of the buyer is to:

Question 15

4 out of 4 points

Which of the following contract types has the greatest risk with the seller?

Question 16

4 out of 4 points

Which of the following is generally not included in a solicitation package?

Question 17

4 out of 4 points

Bidder conferences are used to:

Question 18

4 out of 4 points

Which of the following contract types has the greatest risk with the buyer?

Question 19

4 out of 4 points

The collective term for the formal quality activities and processes is called:

Question 20

4 out of 4 points

Which quality guru was heavily involved with quality control charts?

Question 21

4 out of 4 points

The balance between quality and cost is called:

Question 22

4 out of 4 points

The plan-do-check-act cycle is attributed to:

Question 23

4 out of 4 points

The fact that random variation is always present in any process is called:

Question 24

4 out of 4 points

Acceptance sampling is a statistical process for evaluating a portion of lot for the purpose of:

Question 25

4 out of 4 points

The cause and effect chart is used to _____.