52) What is likely to take place during the executing processes?

a.

Tracking, reviewing, and regulating progress and performance of the project

b.

Obtaining authorization for the project

c.

Defining the course of action required to attain the objectives of the project

d.

Completing the work defined in the project management plan

53) Market research has recommended the creation of a new product. This new product will be created by a project. This is an example of which one of the following reasons to launch a new project?

a.

Customer request

b.

Market demand

c.

Legal requirement

d.

Organizational need

54) In which of the following contract types is a fee paid to the seller based on the satisfaction of the buyer?

a.

Cost plus award fee contract

b.

Fixed-price incentive fee contract

c.

Time and material contract

d.

Cost plus incentive fee contract

55) The project has been completed, and management wants to know exactly how much money has been spent on each vendor on the project. Which of the following is most likely to happen in this situation?

a.

An audit of the project plan

b.

An audit of the procurement documents

c.

An audit of the project team members' work

d.

An audit of the quality of the project

56) For a particular risk you are not willing to accept, you decided to buy insurance. This is an example of which one of the following?

a.

Transference

b.

Mitigation

c.

Countermeasure

d.

Avoidance