EX 4 Flashcards

1
Q

PM extend a formal invitation that contains a scope of work that seeks a response that will describe the methodology and results that will be provided to your organization

A

Request for Proposal

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2
Q

PM must have some work done by an outside contractor. This work has a great deal of risk associated with it, and it has become very difficult to find a contractor willing to take on the job. Which of the following types of contracts would offer the greatest incentive to the contractor?

A

Cost plus percentage of cost as an award fee

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3
Q

PM must have some work done by an outside contractor. This work has a great deal of risk associated with it, and it has become very difficult to find a contractor willing to take on the job. Which of the following types of contracts would offer the greatest incentive to the contractor?

A

Cost plus percentage of cost as an award fee

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4
Q

no one co-located with the necessary skill sets. which options those PM have to obtain the member with necessary skill set

A

virtual teams

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5
Q

What quality tools could you implement to ensure that your project team members are completing all of the required steps during the project

A

checklists

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6
Q

If your resources committed to the project are no longer available and found out that company has other projects started and using the resources that were committed to your project. what should you do?

A

Negotiate a new scheudle with other project manager by resolving conflicts internally first.

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7
Q

the drawback of company that is based on projectized organizational form is

A

project management team has no home. No functional dept which employees are part of in projectized organization;

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8
Q

After acquring project team members, you need to ensure that each person is associated with a project activity and their roles and responsibilities are documented. What is this document called?

A

Project team assignment

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9
Q

As PM, you uncovered that your hired sub-contractor using highly inefficient process. Which process and activity have you found this

A

Performing Procurement audit activity in the control procurement process

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10
Q

Is cost budgeting part of the executing process?

A

No, it is planning part of the project

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11
Q

When PM increased the budget of the project and completed the project early, what is this activity called?

A

Schedule compression

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12
Q

What should Pm do after receiving approved project charter from the sponser

A

Make sure that the project benefits are identified and agreed upon by key stakeholders

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13
Q

As PM, when you use Fishbone diagram to address the root of the issue, what part of quality management process group are you in?

A

Control Quality

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14
Q

When stakeholders have asked for changed on priority of work packages

A

Prioritize the changes without involving the team which is the job of PM.

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15
Q

PM has limited resources within short period of time based on given limited resources. Project is high priority and management doesn’t accept any change in completion date. What should PM do?

A

Look for any part of the scope that can be cut

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16
Q

What is single source seller?

A

There is only one company wants to do business with

17
Q

Title of individual managing the contract

A

Contract Admin. or procurement admin

18
Q

Which index can you look at to measure the projection of cost performance that must be achieved on remaining work?

A

To-Complete Performance Index - TCPI

19
Q

You are nearing project closing when a previously unidentified risk is identified by one of the team members. The risk could affect the project success and on-time completion. What should PM do?

A

Qualify the risk

19
Q

When you find out one of your team member doesn’t possess the skill gap that is needed for the project, what should PM do?

A

Discuss the concern with the individual to figure out the cause.