Question 1 1. The best source of revenue for a customer-requested scope change i
ID: 403063 • Letter: Q
Question
Question 1
1.
The best source of revenue for a customer-requested scope change is:
Answer
A customer-funded contract amendment
Management reserve
Undistributed budget
Profits
Question 2
1.
Earned value measurement systems must be capable of:
Answer
Measuring resources consumed
Measuring status and accomplishment
Provide a basis for diagnosis and replanning
All of the above
Question 3
1.
At project initiation:
Answer
Few cost reduction opportunities exist and the cost of each change is large
Few cost reduction opportunities exist and the cost of each change is low
Many cost reduction opportunities exist and the cost of each change is high
Many cost reduction opportunities exist and the cost of each change is low
Question 4
1.
A common cause for a favorable SV but unfavorable CV might be:
Answer
Using lower salaried workers
Using overtime
Using less expensive raw materials
All of the above
Question 5
1.
The 50-50 rule is a technique used to determine:
Answer
EV
EAC
CPI
VAC
Question 6
1.
A common cause for a favorable CV but unfavorable SV might be:
Answer
Too many workers on the project
Too few workers on the project
Crashing the project
Use of overtime
Question 7
1.
Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:
Answer
Measurable effort
Level of effort
Discrete estimates
Work package effort
Question 8
1.
The weakness in all of earned value measurement is the way we calculate:
Answer
PV
EV
AC
EAC
Question 9
1.
An S-Curve plots:
Answer
Cumulative cost as a function of time
Schedule variance as a function of time
Work package schedules as a function of time
None of the above
Question 10
1.
Variance envelopes are usually established because:
Answer
All cost variances must be accounted for and explained
Not all cost variances must be explained even though they exist
All schedule variances must be explained
All cost overruns require sponsor authorization
Question 11
1.
Which of the following is a human error/failure that can lead to tradeoffs?
Answer
Impossible schedule commitments
Poor control of design changes
Failure to receive approvals in a timely manner
All of the above
Question 12
1.
Which of the following is normally NOT one of the three parameters considered during tradeoffs?
Answer
Time
Cost
Performance
Financial risks
Question 13
Which of the following generally gets reduced during tradeoffs?
Answer
Time
Cost
Performance
Financial risks
Question 14
1.
With which of the following types of contracts will time be the first to be sacrificed?
Answer
Cost Contract
Fixed-Price-Incentive-Fee (FPIF)
Firm-Fixed-Price (FFP)
Cost Sharing
Question 15
1.
The type of contract:
Answer
Can influence the order of tradeoffs
Never influences the order of tradeoffs
Is always subject to the Triple Constraint, that is, the relationship of the three project baselines - Schedule, Cost, and Quality or performance specifications
Has no bearing on the order of tradeoffs
Question 16
1.
With which of the following types of contracts will cost be the first to be sacrificed?
Answer
Question 17
1.
Which of the following are unexpected problems that can lead to tradeoffs?
Answer
Labor contract disputes
Old standards having been developed
Undercommitted company resources
Material shipments on time
Question 18
1.
Cost and schedule overruns are generally caused by:
Answer
Scope changes
Replacement of the project manager midway through the project
Excessive turnover in the project team
Circumstances beyond the control of the project team
Question 19
1.
Generally, in a non-profit organization, ________ is the first resource that will be compromised.
Answer
time
staff
performance
cost
Question 20
1.
The first step in any decision-making process must be:
Answer
analyzing the project environment and status.
recognition and understanding of the conflict.
reviewing the project objectives.
revising the project plan.
Explanation / Answer
1.
The best source of revenue for a customer-requested scope change is:
Answer
A customer-funded contract amendment
Question 2
1.
Earned value measurement systems must be capable of:
Answer
All of the above
Question 3
1.
At project initiation:
Answer
Many cost reduction opportunities exist and the cost of each change is low
Question 4
1.
A common cause for a favorable SV but unfavorable CV might be:
Answer
Using overtime
Question 5
1.
The 50-50 rule is a technique used to determine:
Answer
EV
Question 6
1.
A common cause for a favorable CV but unfavorable SV might be:
Answer
Too few workers on the project
Question 7
1.
Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:
Answer
Work package effort
Question 8
1.
The weakness in all of earned value measurement is the way we calculate:
Answer
EV
Question 9
1.
An S-Curve plots:
Answer
Cumulative cost as a function of time
Question 10
1.
Variance envelopes are usually established because:
Answer
All cost variances must be accounted for and explained
Question 11
1.
Which of the following is a human error/failure that can lead to tradeoffs?
Answer
All of the above
Question 12
1.
Which of the following is normally NOT one of the three parameters considered during tradeoffs?
Answer
Performance
Question 13
Which of the following generally gets reduced during tradeoffs?
Answer
Cost
Question 14
1.
With which of the following types of contracts will time be the first to be sacrificed?
Answer
Cost Contract
Question 15
1.
The type of contract:
Answer
Can influence the order of tradeoffs
Question 16
1.
With which of the following types of contracts will cost be the first to be sacrificed?
Answer
Cost Sharing
Question 17
1.
Which of the following are unexpected problems that can lead to tradeoffs?
Answer
Labor contract disputes
Question 18
1.
Cost and schedule overruns are generally caused by:
Answer
Scope changes
Question 19
1.
Generally, in a non-profit organization, ________ is the first resource that will be compromised.
Answer
cost
Question 20
1.
The first step in any decision-making process must be:
Answer
analyzing the project environment and status.
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