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PM - Chapter 10

Authored by Phan Trinh

Business

University

Used 1+ times

PM - Chapter 10
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The contractual statement-of-work document is:

A. A non-binding legal document used to identify the responsibilities of the contractor

B. A definition of the contracted work for government contracts only

C. A narrative description of the work/deliverables to be accomplished and/or the resource skills required

D. A form of specification

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written or pictorial document that describes, defines, or specifies the services or items to be procured is:

A. A specification document

B. A Gantt chart

C. A blueprint

D. A risk management plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The “order of precedence” is:

A. The document that specifies the order (priority) in which project documents will be used when it becomes necessary to resolve inconsistencies between project documents

B. The order in which project tasks should be completed

C. The relationship that project tasks have to one another

D. The ordered list (by quality) of the screened vendors for a project deliverable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of contract arrangement is the contractor least likely to want to control costs?

A. Cost plus percentage of cost

B. Firm-fixed price

C. Time and materials

D. Purchase order

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of contract arrangement is the contractor most likely to want to control costs?

A. Cost plus percentage of cost

B. Firm-fixed price

C. Time and materials

D. Fixed-price-incentive-fee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of contract arrangement is the contractor at the most risk of absorbing all cost overruns?

A. Cost plus percentage of cost

B. Firm-fixed price

C. Time and materials

D. Cost-plus-incentive-fee

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of contract arrangement is the customer at the most risk of absorbing excessive cost overruns?

A. Cost plus percentage of cost

B. Firm-fixed price

C. Time and materials

D. Fixed-price-incentive-fee

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