Question 1

Which tool or technique is used in the Develop Project Management Plan process?

Options :

A : Pareto diagram

B : Performance reporting

C : SWOT analysis

D : Expert judgment

Answer: D

Question 2

Which technique is commonly used for the Perform Quantitative Risk Analysis process?

Options :

A : Brainstorming

B : Strategies for opportunities

C : Decision tree analysis

D : Risk data quality assessment

Answer: C

Question 3

Which category of contracts are sellers legally obligated to complete, with possible financial damages if the project objectives are not met?

Options :

A : Cost-reimbursable contracts

B : Time and Material contracts (T&M)

C : Fixed-price contracts

D : Cost Plus Fixed Fee Contracts (CPFF)

Answer: C

Question 4

An element of the project scope statement is:

Options :

A : Acceptance criteria.

B : A stakeholder list

C : A summary budget.

D : High-level risks.

Answer: A

Question 5

The degree, amount, or volume of risk that an organization or individual will withstand is called risk:

Options :

A : appetite

B : tolerance

C : threshold

D : management

Answer: B