How is quality control performed?


A. By identifying quality standards that are relevant to the project and determining how to satisfy them
B. By monitoring specific project results in compliance with relevant quality standards and determining corrective actions as needed
C. By ensuring that the entire project team has been adequately trained in quality assurance processes
D. By applying Monte Carlo, sampling, Pareto analysis, and benchmarking techniques to ensure conformance to quality standards

Which of the following is a tool and technique used to monitor risk?


A. Technical performance measurement
B. Cost performance baseline
C. Benchmarking
D. Cost of quality

When cost variance is negative and schedule variance is positive, the project is:


A. under budget and behind schedule.
B. over budget and ahead of schedule.
C. on schedule.

D. complete; all planned values have been earned.

The process improvement plan details the steps for analyzing processes to identify activities which enhance their:


A. quality.
B. value.
C. technical performance.
D. status.

The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:


A. Cost Plus Incentive Fee Contract (CPIF).
B. Cost Plus Fixed Fee Contract (CPFF).
C. Fixed Price Incentive Fee Contract (FPIF).
D. Time and Material Contract (T&M).

Which index is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal?


A. Estimate at completion
B. Cost performance
C. Schedule performance
D. To-complete performance

Which baselines make up the performance measurement baseline?

A. Scope baseline, cost baseline, and schedule baseline
B. Scope baseline, project management baseline, and quality baseline
C. Cost baseline, schedule baseline, and risk baseline
D. Cost baseline, project management baseline, and schedule baseline

The three processes of Project Cost Management are:


A. Estimate Costs, Control Schedule, and Control Costs.
B. Estimate Costs, Determine Budget, and Estimate Activity Resources.
C. Determine Budget, Control Schedule, and Estimate Activity Resources.
D. Estimate Costs, Determine Budget, and Control Costs.

Funding limit reconciliation is a tool and technique used in which process?


A. Control Costs
B. Determine Budget
C. Estimate Costs
D. Control Budget

Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?


A. Cost Plus Fixed Fee Contract (CPFF)
B. Cost Plus Incentive Fee Contract (CPIF)
C. Firm Fixed Price Contract (FFP)
D. Fixed Price with Economic Price Adjustment Contract (FP-EPA)