You are behind schedule and the client has threatened you with a penalty if you fail to complete the project on time. Therefore, you fast-track many activities to finish the project earlier. Unfortunately, an important team member has become ill and left the job. You did not plan for this incident; however, you manage to get a replacement from a manpower supply company and the risk is mitigated, although you have to pay him more salary. From where will you deduct this extra amount?

The project statement of work is a narrative description of products, services, or results to be delivered by a project. The procurement statement of work includes:

Your project is 70% complete and within the next two months it will be 100% complete and the deliverable will be handed over to the client. Afterward, you will be assigned to a new project. You have your staff but they are worried about their jobs. What type of organizational structure is this?

You have joined a new organization and are assigned a project. This is a new type of project but the organization has completed many similar projects in the past. You decide to review the lessons learned from past projects. You go to the archives and ask for the lessons learned from past projects. Lessons learned are a part of which of the following?

The client informs you that he noticed some parts of the work are not being completed by your team. You ensure him you will look into it and give a proper response after verifying the facts. Which document will you refer to verify it?

Your project is delayed and you are trying to compress the schedule so that you can bring your project on track. While reviewing the activities of your project, you notice that plumbing work starts after completing electrical work. You discuss these two activities with your team members and reach a conclusion that these two activities can start at the same time. Therefore, you make a change to the plan to start these two activities together. Which technique are you using here?

You are developing a video game for a client. The cost of the project is 250,000 USD. To date, you have spent 100,000 USD and you have completed the 30% of the project. Upon a review of the project, you find that, due to an error, you are over budget, and from now onward you can move ahead as planned. What is the EAC of the project?

You have delivered a batch of spare parts to a client. The client performed an inspection of these items and found that they do not meet their quality requirements. The client is not satisfied and they have returned the items to you which requires a lot of rework. What will happen if you do not meet the quality requirements of the product?

Two of your team members are having conflicts about their roles and responsibilities. In attempting to resolve this conflict you ask them to refer to the responsibility assignment matrix. Which of the following statements is not true about the responsibility assignment

matrix?

You see an opportunity if you complete the project ahead of time: you may get a new project. Therefore, you try to complete the project early, but due to lack of resources, you are only able to shorten the duration of a few activities by starting the parallel or partially parallel. Which risk response strategy are you employing here?

You have advertised in several newspapers to inform interested contractors to apply for a bid for some of your procurement needs. Which process are you currently in?

You have been given four possible projects and must select one project to work on. The NPV of each project is: 10,000 USD, 15,000 USD, 20,000 USD, and 25,000 USD. Which of the following projects will you select?

You are developing a smartphone when suddenly your competitor has launched a smartphone that is better than yours. Therefore, you make some changes to the product which causes WBS elements to be amended heavily. What kind of changes have you made to your project?

In procurement management, you have many documents to help you such as a request for quotation, request for information and invitation for bid, etc. These documents are knowns as:

Management is asking you to provide them with a report on the project’s status and progress. Therefore, you start preparing a report on it. You are preparing a chart where you are using a virtual activity (an aggregation of several activities) showing the summary levels so management can understand it easily. This virtual activity is known

as:

You want to buy a cell phone and you have two options. The first phone is cheaper and offers less functionality, but it has a proven track record of good stability and reliability. The second phone is a feature-rich, costly phone but it has some stability and reliability issues. Which of the following statements is correct about these phones?

You have joined a new project which is having a lot of conflicts. Management has asked you to analyze the causes of these conflicts and provide suggestions to reduce them as they are affecting the project performance. Which of the following is least likely to be a cause of conflict in a project?

You have identified risks and now have asked your team members to analyze which risks have the largest potential impact on the project. Which of the following tools will help you find this impact?

You have two projects with NPV 10,000 USD and 15,000 USD. Since the NPV of the second project is higher, you will select it. In this case, the cost of 10,000 USD will be

known as: