Which statement is true about the project management body of knowledge?

A. Recognized by every project manager
B. Constantly evolving
C. The sum of all knowledge related to project management
D. A sum of knowledge that should be applied on every project

Which of the following is a strategy to deal with positive risks or opportunities?


A. Mitigate
B. Transfer
C. Exploit
D. Avoid

Requirements documentation, requirements management plan, and requirements traceability matrix are all outputs of which process?


A. Control Scope
B. Collect Requirements
C. Create WBS
D. Define Scope

Project contracts generally fall into which of the following three broad categories?


A. Fixed-price, cost reimbursable, time and materials
B. Make-or-buy, margin analysis, fixed-price
C. Time and materials, fixed-price, margin analysis
D. Make-or-buy, lump-sum, cost-plus-incentive

What is the most accurate rough order of magnitude (ROM)?


A. In the Initiation phase, the estimate is in the range of +/-50%.
B. In the Planning phase, the estimate is in the range of +/-50%.
C. In the Monitoring and Controlling phase, the estimate is in the range of +/-15%.
D. In the Closing phase, the estimate is in the range of +/-15%.

Which of the following Process Groups covers all Project Management Knowledge Areas?


A. Executing
B. Monitoring and Controlling
C. Planning
D. Initiating

Which of the following is an input to the Perform Qualitative Risk Analysis process?


A. Risk register
B. Risk data quality assessment
C. Risk categorization
D. Risk urgency

In which type of organizational structure are staff members grouped by specialty?


A. Functional
B. Projectized
C. Matrix
D. Balanced

Which technique is commonly used for the Perform Quantitative Risk Analysis process?


A. Brainstorming
B. Strategies for opportunities
C. Decision tree analysis
D. Risk data quality assessment

Which of the following correctly explains the term "progressive elaboration'?


A. Changing project specifications continuously
B. Elaborate tracking of the project progress
C. Elaborate tracking of the project specifications with a change control system
D. Project specifications becoming more explicit and detailed as the project progresses