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QUESTION NO: 1
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.
Answer: B
QUESTION NO: 2
As part of a mid-project evaluation, your project sponsor has asked you to provide a forecast of total project cost. You should calculate the forecast using which of the following methods?
A. BAC
B. EAC
C. ETC
D. WBS
Answer: B
QUESTION NO: 3
A work package has been scheduled to cost $1,000 to complete, and was to be finished today. As of today, the actual expenditure is $1,200 and approximately half of the work has been completed.
What is the cost variance?
A. -$700
B. -$200
C. +$200
D. +$500
Answer: A
QUESTION NO: 4
How is scheduled variance calculated using the earned value technique?
A. EV less AC
B. AC less PV
C. EV less PV
D. AC less EV
Answer: C
QUESTION NO: 5
Who MUST know when a risk event occurs so that a response can be implemented?
A. Customers
B. Project sponsors
C. Project management team
D. Insurance claims department
Answer: C
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Updated: May 25, 2022