Which document defines how a project is executed, monitored and controlled, and closed?


A. Strategic plan
B. Project charter
C. Project management plan
D. Service level agreement

A new warehouse facility is under construction. The project manager knows that increasing the teams training will result in a lower defect ratio.
What should the project manager do next?


A. Introduce a training program.
B. Update the resource management plan.
C. Increase quality control reviews.
D. Add training costs to the budget.

A project manager is developing a project risk register. What tool or technique should the project manager use to generate a list of all possible project risks?


A. Monte Carlo simulation
B. Tornado diagram
C. Brainstorming
D. Sensitivity analysis

Due to stakeholders schedule commitments, an expansion project is being fast tracked. Some construction activities must be initiated before all basic scope specifications are completely developed.
What type of construction contract should the procurement manager negotiate?


A. Cost plus fixed fee (CPFF)
B. Cost plus incentive fee (CPIF)
C. Firm fixed price (FFP)
D. Fixed price incentive fee (FPIF)

A project manager realizes that a new government regulation affects the current project, and to be compliant with the new law, the scope of the project should be changed. The team is now analyzing the impact on the schedule and budget.
Which tool or technique should the project manager have considered before this issue occurred?


A. Stakeholder register
B. Stakeholder analysis
C. Risk management plan
D. Risk register

A project manager leading the implementation of a company's new financial system needs to evaluate the system's quality. What can the project manager use to understand the project's quality metrics and policies?


A. Quality control measurements
B. Process analysis
C. Quality management plan
D. Quality audits

A project manager and buyer are evaluating request for proposal (RFP) responses for critical material necessary to complete a project. Cost is the most important supplier selection criteria. The lowest-cost supplier discloses that its capacity will not be exceeded
after signing the contract, but it would approach 100 percent.
What type of contract should the project manager use to mitigate the risk of material delivery delays due to supplier capacity overload?


A. Cost plus award fee (CPAF)
B. Time and material (T&M)
C. Fixed price incentive fee (FPIF)
D. Cost plus incentive fee (CPIF)

A project's outcome is highly sensitive to and dependent upon financial market activity. Therefore, the companys financial advisor delivers daily exchange-rate forecasts. The project's budget was planned using a conservative scenario with high exchange-rate
variations. The project manager now wants to review this budget to update the probability and impact of a possible new scenario using current financial conditions.
To what should the project manager refer?


A. Stakeholder register
B. Risk register
C. Lessons learned
D. Marketplace conditions

A project manager estimates project costs and uses three different estimates to assess the approximate cost for an activity. What type of estimating technique did the project manager use?


A. Bottom-up
B. Beta distribution
C. Analogous
D. Parametric

A project has a budget of US$900. Its estimate to complete (ETC) is US$600, the budget at completion (BAC) is $US800, and the estimate at completion (EAC) is US$1,200.
What is the management reserve?


A. US$100
B. US$200
C. US$300
D. US$400