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GIAC GCPM - GIAC Certified Project Manager Certification Practice Test

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Total 397 questions

In which of the following processes are the results of executing the quality activities recorded and monitored in order to assess performance and recommend necessary changes?

A.

Perform Quality Control

B.

Plan Quality

C.

Control Cost

D.

Perform Quality Assurance

You work as a project manager for PassGuide Inc. You want to calculate the probability of loss due to cost overrun. Which of the following terms describes the above metric?

A.

Residual risk

B.

Cost risk

C.

VAR

D.

Secondary risk

You work as a project manager for PassGuide Inc. You want to communicate and solicit feedback from your employees to build future plans. Which of the following will help you to accomplish the above task?

A.

Organizational chart

B.

Stakeholders register

C.

Risk register

D.

Change register

You work as a project manager for PassGuide Inc. You are working on several projects. Your projects vary in size and budget. You have to calculate the ratios of schedule and cost compared to plan, so that you can compare relative schedule and cost performance of each project. Which of the following components of EVM provide measures of schedule and cost performance that are not affected by the size of the project?

A.

CPI and SPI

B.

BAC and EAC

C.

PV and EV

D.

CV and SV

You are the project manager for your organization. Marcy, a project stakeholder, is demanding that you add some deliverables to your project scope for free. You explain to Marcy that it's too late in the project execution to consider adding these deliverables, as most of the software your project team is creating is nearly done. Marcy and you escalate the issue to management. Management decides that you will add the deliverables to the project scope if Marcy pays a significant fee and allows you additional time to complete the project. What conflict resolution method has management offered?

A.

Confronting

B.

Issue management

C.

Compromising

D.

Forcing

Which of the following is described in the statement below?

"It is a group of sequential and related project phases that are defined by the organization and control needs of the management or organizations concerned with the project, the nature of the project itself, and the application area."

A.

Project life cycle

B.

Verify scope

C.

Activity list

D.

Project charter

Which of the following are the tasks performed by the Work breakdown structure (WBS)?

Each correct answer represents a complete solution. Choose all that apply.

A.

It separates the major project deliverables into smaller components to improve the accuracy of cost estimates.

B.

It defines assignable resources, such as personnel, from a functional point of view.

C.

It provides a mechanism for collecting and organizing actual costs.

D.

It provides a mechanism for performance measurement and control.

Which of the following techniques is described in the statement below?

"It is used to verify whether a particular work can best be accomplished by the project team or must be purchased from outside sources."

A.

Contract type

B.

Expert judgment

C.

Make-or-Buy analysis

D.

Risk analysis

You are the project manager for your organization and would like to use a time and materials contract for a small project. What must a time and materials contract have to safeguard the project?

A.

Terms for payment

B.

A not-to-exceed clause

C.

An approved vendor by a leading trade organization

D.

Approval from the project sponsor

Which of the following contract types is described in the statement below?

"This contract type provides no incentive for the contractor to control costs and hence is rarely utilized."

A.

Cost Plus Fixed Fee

B.

Cost Plus Award Fee

C.

Cost Plus Percentage of Cost

D.

Cost Plus Incentive Fee