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Total 704 questions

Associate in Project Management (APM) Questions and Answers

Question 53

Prototype development may be used as a tool for which of the following risk response strategies?

Options:

A.

Avoid

B.

Accept

C.

Mitigate

D.

Exploit

Question 54

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?

Options:

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)

Question 55

The item that provides more detailed descriptions of the components in the work breakdown structure (WB5) is called a WBS:

Options:

A.

dictionary.

B.

chart.

C.

report.

D.

register.

Question 56

Activity cost estimates are quantitative assessments of the probable costs required to:

Options:

A.

Create WBS.

B.

complete project work.

C.

calculate costs.

D.

Develop Project Management Plan.

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Total 704 questions