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Attempt Score 100 out of 100 points
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 _____.
