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Question 1:
The solicitation specifications and statement of work contain:
A. Administrative requirements
B. Technical requirements
C. Company policy
D. Pricing contracts
Correct Answer: B
Question 2:
The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer\’s costs plus a reasonable profit.
A. True
B. False
Correct Answer: B
Question 3:
Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit?
A. Risk avoiding buyer
B. Business professional
C. Risk avoiding seller
D. Technical personnel
Correct Answer: C
Question 4:
Those incentives that use predetermined formula-based methods to calculate the amount of incentive, either positive or negative, in one or more designated areas are called:
A. Objectively-based and evaluated
B. Subjectively-based and evaluated
C. Early-based and evaluated
D. Final-based and evaluated
Correct Answer: A
Question 5:
Which of the following shows the designated performance area in the objectively-based and evaluated incentives?
A. Cost performance
B. Schedule or delivery performance
C. Quality performance
D. All of the above
Correct Answer: D
Question 6:
Those incentives that use individual judgment, opinions, and informed impressions as the basis for determining the amount of incentive, either positive or negative, in one or more designated areas are called:
A. Objectively-based and evaluated
B. Subjectively-based and evaluated
C. Early-based and evaluated
D. Final-based and evaluated
Correct Answer: B
Question 7:
An agreement on a set of criteria and procedures to be applied by the buyer in determining how well the seller has performed and how much fee the seller has earned is called:
A. Inducement plans
B. Awarded-plans
C. Award-free plans
D. Contract incentive plans
Correct Answer: C
Question 8:
Allowable costs of contract performance are reimbursed, but not fee is paid is the advantage of cost reimbursement contract type.
A. True
B. False
Correct Answer: A
Question 9:
Fee is expressed as percentage of estimated cost at time contract is awarded, is the advantage of:
A. Cost-plus-award-fee
B. Cost-plus-a-percentage-of-cost
C. Cost-plus-fixed-fee incentive
D. Cost-plus-fixed-incentive incentive
Correct Answer: C
Question 10:
Lucent\’s program management organization rapidly went through which four distinct phases:
A. Awakening, implementing, production, enterprising
B. Awakening, implementing, professionalizing, integration
C. Awakening, implementing, professionalizing, enterprising
D. Awakening, dealing, professionalizing, enterprising
Correct Answer: C
Question 11:
During which stage of development, the leadership\’s involvement and support is critical because it is during this stage that program management\’s effect on the business is evaluated?
A. Awakening
B. implementing
C. professionalizing
D. enterprising
Correct Answer: A
Question 12:
The most expensive and labor-intensive phase in creating a disciplined program management organization is the:
A. Awakening
B. implementing
C. professionalizing
D. enterprising
Correct Answer: B
Question 13:
What provide project offices with an effective way to create and distribute reports will increase their willingness to communicate real-time project status both internally and with customers?
A. Wall Chart
B. Logistics
C. Standards
D. Flow Chart
Correct Answer: A
Question 14:
What provides its users with a framework or a guide for improving their respective level of performance?
A. Performance Evaluation Model
B. Capability Maturity Model
C. Contract Management Maturity Model
D. Enterprising Maturity Model
Correct Answer: C
Question 15:
An evolutionary roadmap for implementing the vital practices for one or more domains of organizational processes is called:
A. Organizational Contract Management
B. Capability Maturity Model
C. Project Management Model
D. People Capability Maturity Model
Correct Answer: B
