Expected monetary value (EMV) is computed by which equation?
A. Value of each possible outcome multiplied by probability of occurrence
B. Value of each possible outcome multiplied by probability of non-occurrence
C. Multiplying the value of each possible outcome by the probability of occurrence and adding the products together
D. Multiplying the value of each possible outcome by the probability of non-occurrence and adding the products together
An input to the Collect Requirements process is the:
A. stakeholder register.
B. project management plan.
C. project scope statement.
D. requirements management plan.
Projects are separated into phases or subprojects; these phases include:
A. feasibility study, concept development, design, and prototype.
B. initiate, plan, execute, and monitor.
C. Develop Charter, Define Activities, Manage Stakeholder Expectations, and Report Performance.
D. Identify Stakeholders, develop concept, build, and test.
In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the sellers performance?
A. Firm-Fixed-Price (FFP)
B. Fixed Price with Economic Price Adjustments (FP-EPA)
C. Fixed-Price-Incentive-Fee (FPIF)
D. Cost Plus Fixed Fee (CPFF)
Which of the following is an input to the Develop Project Charter process?
A. Work performance information
B. Project management plan
C. Business case
D. Change requests
Which is one of the determining factors used to calculate CPI?
A. EV
B. SPI
C. PV
D. ETC
Which process requires implementation of approved changes?
A. Direct and Manage Project Execution
B. Monitor and Control Project Work
C. Perform Integrated Change Control
D. Close Project or Phase
Which quality control technique illustrates the 80/20 principle?
A. Ishikawa diagram
B. Control chart
C. Run chart
D. Pareto chart
At the end of the project, what will be the value of SV?
A. Positive
B. Zero
C. Negative
D. Greater than one
Requirements documentation, requirements management plan, and requirements traceability matrix are all outputs of which process?
A. Control Scope
B. Collect Requirements
C. Create WBS
D. Define Scope
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