If you want to have multiple vendors bid on your contract, what is the best way to ensure that all vendors have the same information before bidding? A. Issue a standard request for bid and do not allow any questionsB. Hold a bidder conferenceC. Communicate only through emailD. Develop a qualified sellers list Show Answer
PMP Exam Set C – Q91
A project is contracted as a Cost-Plus-Fixed-Fee (CPFF) type of contract with a fee of 10% of estimated costs. The estimated cost is US$ 50,000. If the project comes in at US$ 75,000 with no changes in project scope, what would be the total cost of the contract? A. US$ 55,000B. US$ 125,000C. US$ 75,000D.
PMP Exam Set C – Q90
A control chart is used to determine whether or not a process is stable or has predictable performance. When a process is within acceptable limits, the process need not be adjusted. What are the upper and lower control limits usually set as? A. + / – 3 sigmaB. + / – 6 sigmaC. + /
PMP Exam Set C – Q89
To communicate with stakeholders on the resolved issues and the issues that are hard to resolve, you use an issue log in your project. Since you assign an owner for every issue and resolve it by proactively working on it, your stakeholders actively support all your efforts in managing the project. This method of actively
PMP Exam Set C – Q88
A project manager used a control chart to determine whether a process was stable or not, and to determine if its performance was predictable. He determined the upper and lower specification limits based on the contractual requirements. A set of eighteen data points were taken. Of these, 8 consecutive data points were above the mean.
PMP Exam Set C – Q87
Analogous Estimating is an estimation technique that use the values of parameters such as scope, cost, budget and duration from a previous similar activity as the basis of activity and is frequently used to estimate when there is a limited amount of information about the project. This is a form of: A. Gross value estimationB.
PMP Exam Set C – Q86
Which of these tools is NOT a part of the Seven Basic Tools of Quality? A. Control ChartB. Statistical SamplingC. FlowchartingD. Scatter Diagram Show Answer B. Statistical Sampling
PMP Exam Set C – Q85
All team members have not yet been acquired for a project. However, the project manager went ahead with estimating activity durations, budgeting and other activities. What could likely happen to the activity durations? A. The activity durations are likely to decrease.B. The activity durations are likely to change.C. The activity durations will remain the same.D.
PMP Exam Set C – Q84
In the procurement process, the seller may be viewed initially as a bidder, then as the selected source and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true? A. The Buyer becomes the customer and is thus a
PMP Exam Set C – Q83
Long hours to meet a looming deadline and immense pressure for success from management is causing a downturn in team morale. Occasionally there are conflicts between team members over priorities and resources. How should these non-disruptive conflicts be handled? A. Use of disciplinary actionsB. Private, direct and collaborative approach should be used firstC. Escalation to