Quick Test Question 15. Which category of contracts is oftenÂ used for a well-defined product ? A. Unit-price contract. B. Fixed-price or lump-sum contract. C. Cost-reimbursable contract. D. Partnership contract.. Question 23. An output of Risk Identification is : A. A risk register. B. Expected monetary value of the risk events. C. Corrective actions. D. The plan for mitigation. Question 36. Analogous estimating: A. Uses bottom-up estimating techniques. B. Uses the actual cost of previous, similar projects as the basis for estimating the cost of the current project. C. Is used most frequently in the later stages of a project. D. Summarizes estimates for individual work items Question 4Â 1. The "fast tracking" method of schedule compression involves : A. The use of industrial engineering techniques to improve productivity, thereby finishing the project earlier than originally planned. B. Performing activities in parallel, thereby increasing risk. C. Going on a "mandatory overtime schedule" in order to complete the project earlier. D. Assigning "dedicated teams" to the critical path activities. Question 54. Quality assurance (QA) : A. Is the application of planned, systematic quality activities to ensure conformance of the project team to the approved specifications. B. Is primarily concerned with providing the project team and stakeholders with standards, by which the project performance is measured. C. Is the application of planned, systematic quality activities to ensure that the project will employ all processes needed to meet requirements. D. Generally reduces the probability of the project completion on schedule. Question 67. If cumulative PV = 100,Â cumulative EV=98, andÂ cumulative AC=104, the project is : A. Ahead schedule B. Headed for a cost overrun. C. Operating at project cost projections D. Likely to come in under budget at completion. Question 72. The following is true aboutÂ WBS : A. WBS is another term for the Grant chart. Each descending level of WBS represents an increasingly detailed definition of the project work. C. Work not in WBS is usually defined in the scope statement of the project. D. WBS shows only the critical path activities. Question 810. The project manager has the lowestÂ level of authority in an organizational A. Functional B. Weak matrix C. Strong matrix D. Projectized Question 98. Team-building activities have all of the following characteristics EXCEPT : A. Some group activities, such as developing the WBS, can increase team cohesiveness when that planning activity is structured and facilitated well. B. Should only be considered after major conflicts within the project team, since they generally waste precious resource time and cause schedule delays. C. Are particularly valuable when team members operate virtually from remote locations, without the benefit of the face-to-face contact. D. Can vary from a five-minute agenda item in a status review meeting to an off-site, professionally facilitated experience designed to improve interpersonal relationships. Question 109. All of the following are characteristics of the project charter EXCEPT : A. It is the document that formally authorizes a project. B. It is issued by a project initiator or sponsor external to the project organization, at a level that is appropriate to funding the project. C. It is used primarily to request bids for different phases of a project. D. It provides the project manager with the authority to apply organizational resources to project activities.