You are negotiating a contract with a seller. You want to go in for a Fixed price type of contract. The seller uses a different terminology for the fixed price type of contract. He is most probably referring to it as a:

Product scope is measured against the product requirements whereas project scope is measured against:

A first-time project manager created a Work Breakdown Structure (WBS) where the deliverables had different levels of decomposition. What would your comment on this be?

On obtaining the project charter, the Project Manager of a project immediately starts acquiring the project team. Is this correct?

A project manager in a seller organization discovered that certain deliverables had been handed over to the buyer without undergoing proper testing. Recalling the deliverables will result in a cost overrun to the project. What should the project manager do in such a case?

Jane is managing a project in a Functional organization. In this organization, she can expect to find that:

A measure taken to bring future results in line with the project plan BEST describes?

A first-time project manager was assigned to a project that had a duration of 3 months. In order to gain a head start in the project, she took an older, completed project and incorporated all the tools, techniques and checklists from that project in their entirety into the current one. The older project had been completed in 14 months’ time and was very similar in nature. The most appropriate comment on this would be:

Your project team has recently identified a risk in the software development project and decided not to change the project management plan to deal with the risk. The risk response strategy your team used in this scenario is an example of:

Which of the following should you NOT use as an input into creating the WBS structure?

You have just completed the first phase of a multi-phase project. You have performed the earned value measurements and found out that the current CPI is 0.79, the current SPI is 0.98. Your next phase plan should focus first on which element of the project?

A detailed milestone list is created as an output of what process?

Which of the following is not a general management technique used to generate different approaches to execute and perform the project work?

You have been assigned as project manager of a software development project. One of the requirements is to use a remote team and you find that that the remote team has limited technical communications capabilities. This is an example of:

Breaking down project activities into smaller components in order to obtain a more accurate cost
estimate is called:

Most project management software packages use a method of constructing a project schedule network diagram known as:

A project manager included contingency reserves and management reserves in the total budget of a high-risk project. He also made certain earned value measurement calculations. Which of the following is incorrect?

Alan is managing a software development project. The buyer of the product is an external entity. During the execution of the project, Alan finds out that a new operations manager has been hired in the customer organization. The new manager is now a key stakeholder of the project. Which of the following documents is least likely to get updated as a result of the addition of this new stakeholder?

Your manager is presenting a status report of all projects being run in his division. He reports that all projects are showing a positive CV. However, you know that your status reports for the last several weeks have been reporting a negative CV. What do you do?

As part of a strategy to handle negative risk, a project manager decided to adopt less complex processes, conduct more tests and choose a more stable supplier. What strategy would this be classified as?