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Which of the following processes involves receiving bids and proposals and applies evaluation criteria to the proposals to rank order the sequence of award?
A. Contract Administration
B. Procurement
C. Source Selection
D. Solicitation
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You are a project manager for Picture Shades, Inc. They manufacture window shades for hotel chains that have replicas of Renaissance-era paintings on the inside of the shades. Picture Shades is taking their product to the home market, and you're managing the new project. They will offer their products at retail stores as well as on their website. You're developing the project schedule for this undertaking and have determined the critical path. Which of the following is true? A. You calculated the most likely start date and most likely finish dates, float time, and weighted average estimates. B. You calculated the activity dependency, and the optimistic and pessimistic activity duration estimates. C. You calculated the early and late start dates, early and late finish dates, and float times for all activities. D. You calculated the optimistic, pessimistic, and most likely duration times and the float times for all activities.
You are a project manager for a telecommunications firm. You're working on a project that entails upgrading technical hardware and equipment. The estimated cost of the hardware and equipment is $1,725,000. You are reviewing products from three different vendors. One of the vendors offers you and your family the use of the company yacht for the upcoming three-day weekend. What is the most appropriate response? A. Thank them and accept. You don't believe there is a conflict of interest or an integrity issue at stake. B. Thank them and decline. You know this could be considered personal gain, which could call your integrity into question. C. Thank them and accept. Immediately report your actions to the project sponsor so that your motives are not called into question after the fact. D. Thank them and decline. You know this could be considered an integrity issue on the part of the vendor.
Your company provides answering services for several major catalog retailers. The number of calls coming into the service center per month has continued to increase over the past 18 months. The phone system is approaching the maximum load limits and needs to be upgraded. You've been assigned to head up the upgrade project. Based on the company's experience with the vendor who worked on the last phone upgrade project, you're confident they'll be able to assist you with this project as well. Which of the following is true? A. You’ve made an assumption about vendor availability and expertise. The project came about due to a business need. B. Vendor availability and expertise are constraints. The project came about due to a business need. C. You've made an assumption about vendor availability and expertise. The project came about due to a marketing demand. D. Vendor availability and expertise are constraints. The project came about due to a marketing demand.
As a PMP, you will be required to comply with the Project Management Professional Code of Professional Conduct. Part of your responsibility concerns applying professional knowledge. All of the following are part of applying professional knowledge except: A. Developing relationships based on mutual respect B. Staying abreast of project management practices C. Keeping up with industry trends and new technology D. Honestly reporting your project management experience
Which of the following is true regarding the scope statement? A. It describes how to make changes to project scope. B. It describes project deliverables and serves as a baseline for future project decisions. C. It assesses the stability of the project scope and is a baseline for future project decisions. D. It assesses the reliability of the project scope and describes the frequency of changes and their impacts.
You have been asked to submit a proposal for a project that has been put out for bid. First, you attend the bidders conference to ask questions of the buyers and to hear the questions some of the other bidders will ask. Which of the following is true? A. Bidders conferences are a tool and technique of the Source Selection process. B. Bidders conferences are an output of the Source Selection process. C. Bidders conferences are an output of the Solicitation process. D. Bidders conferences are a tool and technique of the Solicitation process.
You are project manager for an engineering company. Your company won the bid to add ramp-metering lights to several on-ramps along a stretch of highway at the south end of the city. You subcontracted a portion of the project to another company. The subcontractor's work involves digging the holes and setting the lamp poles in concrete. The subcontractor's performance is not meeting the contract requirements. All of the following are valid options except: A. You document the poor performance in written form and send the correspondence to the subcontractor change request through Contract Administration. B. You terminate the contract for poor performance and submit a change request through Contract Administration. C. You submit a change request through Contract Administration to ask the subcontractor to comply with the terms of the contract. D. You agree to meet with the subcontractor to see if a satisfactory solution can be reached.
If you know expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following? A. The activity will take between 488 and 512 days. B. The activity will take between 464 and 536 days. C. The activity will take between 494 and 506 days. D. The activity will take between 476 and 524 days.
Which of the following is true regarding schedule variances? A. They impact scope, which impacts the schedule B. They sometimes impact the schedule C. They always impact the schedule D. They never impact the schedule
Which of the following describes a unique characteristic of the project Executing and Controlling processes? A. The core processes in the Executing and Controlling processes are from the Project Integration knowledge area from the Project Integration knowledge area. B. Both the Executing and Controlling processes measure variances in project performance and use corrective action to bring performance hack in line with the plan. C. Executing is an input to the Controlling processes, and Controlling is an input to Execution. D. Executing and controlling each have only one core process.
What are the tools and techniques of the Quantitative Risk Analysis process? A. Checklists, flowcharting, interviewing B. Interviewing, sensitivity analysis, decision tree analysis, simulation C. Checklists, sensitivity analysis, decision tree analysis, information-gathering techniques D. Interviewing, checklists, assumptions analysis, risk probability impact
Your project was just completed. Due to some unfortunate circumstances, the project was delayed causing cost overruns at the end of the project. This information might be useful on future projects in all of the following activities except: A. Cost estimating B. Allocating resources C. Product verification D. Activity estimating
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