Q1 The Project Manager is reviewing testing output data from the People Soft System. Generally the data looks good other than one issue. He observes seven consecutive data points on one side of the mean in three areas of the control chart. What is this called?

	A	Acceptable measurements
	B	A violation of the Seven Run Rule
	C	Too loose specification limits
	D	Normal process variation

Q2 You have a fixed price incentive fee contract with 60/40 sharing ratio. All are correct except:

	A	A buyer will take care of 60% of cost overrun portion
	B	A seller will take care of 40% of cost saving portion
	C	A buyer will take care of 60% of cost saving portion
	D	A buyer will take care of 40% of cost overrun portion

Q3 A project will be using a company to provide technicians for a distribution center project. Presently the Project Manager is in contract negotiation with a vendor and the negotiations are going too smooth. In what process is the Project Manager Involved?

	A	Seller selection in procurement planning
	B	Plan Purchases and Acquisitions
	C	Seller selection in procurement conducting
	D	Request Seller Responses

Q4 Which of the following contracts would typically be used in an environment with a high degree of uncertainty from a seller's perspective?

	A	Lump sum
	B	Fixed Price
	C	Cost reimbursement
	D	Fixed price with incentive Fee

Q5 As a Project Manager, you are managing a project that has fourteen deliverables from outside vendors. One vendor has been in negotiations with a partner for more financing that could cause the vendor to stop production on one of your deliverables if they don't reach an agreement. A rumor is out that the vendor's plant will be shutting down because of this issue. What is the best course of action to take?

	A	Contact the Vendor and discuss this problem
	B	Initiating a Risk Response Plan
	C	Contact other vendors as a backup plan
	D	Change Vendors

Q6 The team is involved in determining what is needed to have the quality process capture the intended results of the testing of the product. This is known as?

	A	Defining the quality rules as they relate to the project
	B	Measuring the Output of the project
	C	Quality Assurance
	D	Cost of Quality

Q7 The team is testing the work of the project and is having issues with a particular requirement showing the desired data. Which of the following can they use to isolate the problem?

	A	Cost Benefit Analysis
	B	Flowcharts
	C	Design of Experiments
	D	Ishikawa Diagram

Q8 The Buyer has requested that the seller of services for a credit card processing project sign a fixed price contract. Fixed price contracts are also known as which of the following?

	A	Cost Plus
	B	Lump Sum Agreement
	C	Purchase Order
	D	Time and Materials Contract

Q9 You and your project team are developing evaluation criteria. This activity takes place in:

	A	Plan Procurements
	B	Conduct Procurements
	C	Administrate Procurements
	D	Closing Procurements

Q10 Monitoring vendor performance, performance measurements and follow-up with the contractual requirements are done in

	A	Procurement administration
	B	Procurement control
	C	Administrative closure
	D	Procurement closure

Q11 The tool and technique used to complete a structured review of the procurement process and identify successes and failures that warrant recognition in the preparation or administration of the procurement contract is a:

	A	Project audit
	B	Performance audit
	C	Procurement audit
	D	Quality audit

Q12 Consider a FPIF contract 40/60 whose ceiling price (CP) is $1,150,000, target cost (TC) is $1,000,000, target price (TP) is 1,100,000. What is PTA?

	A	$1,125,000
	B	$1,083,333.333
	C	$1,150,000
	D	$1,000,000

Q13 Contract Statement of Work is an output of:

	A	Plan Procurements
	B	Conduct Procurements
	C	Control procurements
	D	Close Procurements

Q14 Project Quality Control is currently engaged in performing a procurement audits. It is taking a structured review of the project procurement process and is identifying any successes and failures of the contract and the procurement process. What PM Process is the project in?

	A	Close Procurements
	B	Close Project
	C	Quality Control
	D	Quality Assurance

Q15 Your project is behind schedule. You have received the okay to use crashing techniques on your project by adding two additional programmers at a cost of $50.00 per hour each. The programmers will work on the project until it finishes. What type of contract is being described?

	A	Cost reimbursable
	B	Fixed price with incentive
	C	Time and material
	D	Firm fixed price

Q16 Consider a FPIF contract 40/60 whose ceiling price (CP) is $1,150,000, target cost (TC) is $1,000,000, target price (TP) is 1,100,000. What is your contract price and profit when you costs rise to the ceiling cost?

	A	Contract price = 1,150,000, profit = 0
	B	Contract price = 1,150,000, profit = 100K
	C	Contract price = 1,150,000, profit = 150K
	D	Contract price = 1,000,000, profit = 150K

Q17 Consider a FPIF contract 40/60 whose ceiling price (CP) is $1,150,000, target cost (TC) is $1,000,000, target price (TP) is 1,100,000. At which cost is this FPIF changed into the firm fixed contract and what is the contract price at that moment?

	A	($1,125,000, $1,150,000)
	B	($1,083,333,$1,150,000)
	C	($1,125,000, $1,100,000)
	D	($1,083,333,$1,100,000)

Q18 Seller performance evaluation documents can accomplish all of the following except:

	A	form the basis for early termination of the contract
	B	determine how contract penalties or incentives are administered
	C	establish results of these evaluations that are included in the appropriate qualified seller lists
	D	establish minimum requirements of performance

Q19 The use of sample measurements to monitor the results of a process over time is best described by which tool and technique:

	A	Statistical sampling
	B	Scatter diagrams
	C	Pareto diagrams
	D	Control charts

Q20 Which process uses the customer evaluation criteria?

	A	Plan Procurements
	B	Conduct Procurements
	C	Control Procurements
	D	Closing Procurements