1. _____ is the PMBOK Guide 6e process that determines how project procurement decisions, approach, and dealing with sellers will be accomplished and documented.   Plan procurement management
2. A contract is a unilateral, binding document that obligates the seller to furnish supplies or services to the buyer.     False
3. A project team attempting to close a project should review all of the following documents to ensure that everything promised was delivered EXCEPT:   the stakeholder register
4. A project team attempting to close a project should review which of the following to ensure the customers are satisfied with the project work?  customer feedback form
5. Agile contracts emphasize the value chain, transparency, flexibility, and collaboration.  True
6. All of the following accurately describe Earned Value management EXCEPT:    It is good for performance reporting but not for forecasting
7. All of the following describe benefits associated with celebrating the completion of a project EXCEPT:   Celebrations are held in conjunction with team performance reviews.
8. All of the following items are generally considered when selecting the right type of contract EXCEPT   project organization’s accounting system
9. All of the following practices have proven effective for managing lessons learned in an organization EXCEPT:  documenting all lessons learned only at the end of the project.
10. All of the following reasons might lead to a contract termination for default EXCEPT:  changing customer priorities
11. All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house, EXCEPT:   More control over quality time
12. Among the disadvantages associated with outsourcing is the gradual loss of special skills for doing some specific activities that have been outsourced.   True
13. Any of the following attributes can serve as a useful factor for coding lessons learned EXCEPT:   lessons learned owner
14. Buying from an outside supplier to meet project needs is a practice that is rarely used, because it invariably proves to be more expensive than doing the work with resources internal to the organization.   False
15. Closure of a project generally entails all of the following activities EXCEPT  Updating the project management plan
16. Contract incentives are often used when the buyer wants the seller to meet some defined project metrics, such as finishing the project early, providing a higher level of quality or more features, or anything else that the buyer wants to maximize and is willing to pay for.   True
17.   During procurement planning, the project team determines which needs can best be met by acquiring products and services from outside suppliers, and which can be accomplished by the team.  True
18. Early termination can be either for default or for the convenience of the seller only.  False
19. Earned Value (EV) is the approved value of the work to be completed in a given time.  False
20. Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:   prototyping
21. Extensive supplier evaluation approaches such as surveys, facility visits and financial analysis should be applied to potential first-tier suppliers only.   False
22. Fixed price contracts provide low risk for the seller, since the buyer will pay a fixed price, regardless of how much the project actually costs the seller.   False
23. For the remainder of the organization to capitalize on lessons learned, a method must be established for documenting and sharing them    True
24. In a control chart, a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention.   True
25. In this type of Agile contract, if the Product Owner attends every meeting when requested, then the Product Owner can pivot at the end of an increment and ask the team to do different work:   Change for free
26. In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring?  Histogram
27. Lessons learned should include what worked well that the team members think should be copied and/or adapted for future work, and areas for which a different method may yield better results  True
28. Many organizations require the completion of a project close-out report upon completion of a project. These reports typically include which of the following?  a review of the project’s original justification
29. Monitoring and controlling project work includes a series of activities such as identifying work packages for tracking, reviewing, and documenting the progress to ensure that the project execution is aimed to meet performance objectives as defined in the project plan.  True
30. Often a project team will start the selection process by establishing a list of potential suppliers. All of the following information sources are frequently used to identify these potential suppliers EXCEPT:   stakeholder register
31. On Agile projects, because communication is frequent and rapid, a directional indicator showing that things are getting better or worse in some manner showing trend analysis is more valuable than a more detailed and polished report.   True
32. On Agile projects, scope is validated at every iteration and release when the team demonstrates to the customer how the items they produced wor   True
33. On Agile projects, work is prioritized by the Product Owner from the backlog, and the team selects items from the work item pool.  True
34. On long duration projects it is often better to capture lessons frequently because people may not remember clearly what happened a few weeks or months earlier   True
35. On some projects, some deliverables remain incomplete at project close-out. Activities that are not complete should be itemized, and responsibility for each should be clearly identified.    True
36. One of the important factors to consider in the selection of contract type is the degree of risk for the seller and the buyer that each type of contract presents.   True
37. One useful method of process improvement involves consideration of how another organization performs a process, identifying and analyzing best practices for improvement ideas. This method is known as:   benchmarking
38. One way to overcome the problem that organizations are busy and do not seek lessons learned is for project sponsors to sign project charters only if lessons from other recently completed projects are included or considered. True
39. Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks, identifying new risks, monitoring residual risks, and evaluating the effectiveness of the risk response process throughout the project.  False
40. Project partnerships offer all of the following advantages to both parties EXCEPT:   Buyer gains at the vendor’s expense
41. Project procurement may include responsibilities including receiving, inspection, storage, inbound and outbound transportation, and disposal.   True
42. Quality control activities generally include all of the following EXCEPT:   Prototyping
43. Quality control activities include backward-looking, reactive technical activities such as inspection, reviews, and testing to verify whether specific project deliverables meet quality standards.   True
44. Run charts are helpful in answering the question “how big of a change is big enough to count?”   True
45. Since projects are temporary in nature and the project team disbands upon completion, it is not necessary for project managers to provide ongoing support in the form of training, change management, and/or other services.  False
46. Some organizations rely upon a formal group authorized and responsible for reviewing, evaluating, approving, delaying, or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process. This group is typically known as a:   change control board.
47. Sometimes a project is terminated before its normal completion.  True
48. The ________ documents the portion of work to be purchased, described in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it.  procurement statement of work
49. The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project. As such it is equivalent to:  the total planned value of the project.
50. The plan procurement management process includes receiving seller responses, selecting a seller, and awarding a contract.   False
51. The process of formalizing acceptance of the completed project deliverables is known as  validate scope
52. The purpose of a check sheet is to quickly understand the primary sources of a problem using the 80/20 rule, wherein 80 percent of defects often come from only about 20 percent of all the sources.   False
53. The Validate Scope process occurs with interim deliverables throughout the project and with final deliverables near the end   True
54. This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box – that is, a graphical representation of work effort remaining in an iteration (or similar) versus the days left in an iteration.   Burn-down chart
55. This Agile term is used for work that has been started, but has not yet been completed, costs worktime, is not yet of value, and may be obsolete:   Work in Progress (WIP)
56. This is the process of reviewing all change proposals, estimating their impact on project goals wherever appropriate, approving or declining changes, and managing changes to deliverables, schedules, budgets and the project management plan:  Perform integrated change control.
57. Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control.  True
58. Under normal conditions, which of these contract types poses the greatest risk to the buyer?   Cost-Plus-Fixed-Fee (CPFF)
59. When a contract is terminated for convenience, the contractor must complete all deliverables in process and submit the completed deliverables to the buyer.  False
60. When a project is completed on time, the project team must accomplish all of the following activities EXCEPT:   use alternative dispute resolution
61. When a project is no longer needed or viable, the project manager, as primary advocate for the project, should recommend early termination    True
62. When project managers authorize work, they should empower others to the extent possible, yet control them to the extent necessary.   True
63. When selecting suppliers, Agile leaders consider not only their technical, managerial, financial and experiential expertise, but also their alignment with the project vision.  True
64. When using Earned Value techniques, Actual Cost (AC) refers to the total of costs incurred in accomplishing work on the activity during a given period.  True
65. Which of the following factors should be considered in a make-or-buy decision?   advantages and disadvantages of outsourcing in terms of time, cost and performance control
66. Which of the following is one of the PMBOK Guide 6e’s three project procurement management processes?   Conduct procurements
67. Which of the following is true concerning lessons learned on a project?  Lessons learned are the useful knowledge gained by project team members as they perform the project.
68. Which of the following reasons might lead to an early contract termination for convenience?  The buyer faces changing priorities.
69. Which of these is NOT one of the typical questions that a project manager might ask in order to collect information on executed work and work in progress?  What information should be covered in the project kick-off meeting?
70. Which party to a contract absorbs the majority of cost risk when a Firm-Fixed-Price (FFP) contract is used?   the seller  
71. While the manage communications process is underway, effective information distribution often requires the project manager and team to accomplish all of the following activities EXCEPT:  develop responses to identifies risks
72. With respect to performance reporting, which of these are the actual and raw observations and measurements gathered during execution of project activities?   Work performance data

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