A __________ is a formal invitation to submit a price for goods and/or services as specified:
A. request for quotation.
B. bid response.
C. intention to bid.
D. request for proposal.
When should lessons learned be performed?
A. During the project execution and at the conclusion of the project.
B. Only at the end of the project, during project closing.
C. After the end of the project, at the project post-mortem meeting.
D. Only when there is time available as project managers have other priorities.
As theoretically defined, what characteristic best describes the cost baseline?
A. Total budget for the project.
B. Time phased budget for the project.
C. Total budget for the project including the contingency budget.
D. Total budget for the project including the contingency budget and the management reserve.
Which of the following KPIs is NOT reported by the cost and progress manager?
A. PCA.
B. ABCTA.
C. NCC coverage.
D. FSDI.
Company A is working on a project. The project`s budget is 10,000. The planned value as of date X is 4,000. The project is 30% completed. 60% of the budget has been spent to date X. The actual cost (AC) to date for the project is:
A. 6,000.
B. 2,400.
C. 3,000.
D. 5,000.
Who is responsible for presenting the project financial results in the project review meetings?
A. Project Manager with support of the cost and progress manager.
B. Cost and progress manager and project controller.
C. Cost and progress manager with support of the project manager.
D. Project controller.
The project is not completed until:
A. the assessment of overall project performance against plan is completed.
B. final customer acceptance is received, and any other requirements for project closure as stated in the contract are met.
C. the customer indicates their satisfaction and final payment is received.
D. the lessons learned are completed.
Through which tool and what trigger is supplier work accepted for project business?
A. IPM and the internal acceptance work item.
B. IPM and the customer acceptance work item.
C. ERM and the internal acceptance work item.
D. SAP and the customer acceptance work item.
Which of the following is not chargeable work?
A. Project management.
B. Construction works.
C. Site logistics.
D. Account management.
What is the formula of the "value of risk" in the quantitative risk analysis?
A. The impact of risk in * the probability of occurrence in %.
B. The cost of risk mitigation in * the probability of occurrence in %.
C. The risk contingency budget in / the probability of occurrence in %.
D. The cost of transferring the risk in / the probability of occurrence in %.
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