APM-001 Online Practice Questions and Answers

Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incentives?

A. Cost Plus Incentive Fee (CPIF)

B. Fixed Price Incentive Fee (FPIF)

C. Cost Pius Award Re (CPAF)

D. Time and Material (TandM)

Job satisfaction, challenging work, and sufficient financial compensation are values related to which interpersonal skill?

A. Influencing

B. Motivation

C. Negotiation

D. Trust building

The purpose of developing a project scope management plan is to:

A. Manage the timely completion of the project.

B. Ensure that the project includes all of the work required.

C. Make sure the project will satisfy the needs for which it was begun.

D. Reduce the risk of negative events in the project.

Which items are an output of the Perform Integrated Change Control process?

A. Work performance reports

B. Accepted deliverables

C. Project management plan updates

D. Organizational process assets

An issue log is an input to which Project Human Resource Management process?

A. Manage Project Team

B. Acquire Project Team

C. Plan Human Resource Management

D. Develop Project Team

Definitions of probability and impact, revised stakeholder tolerances, and tracking are components of which subsidiary plan?

A. Cost management plan

B. Quality management plan

C. Communications management plan

D. Risk management plan

Which techniqe should a project manager use in a situation in which a collaborative approach to conflict management is not possible?

A. Coaching

B. Avoidance

C. Consensus

D. Influencing

Which of the following is a tool and technique for Estimate Activity Durations?

A. Parametric estimating

B. Monte Carlo analysis

C. Alternatives analysis

D. Bottom-up estimating

Which type of analysis is used as a general management technique within the Plan Procurements process?

A. Risk assessment analysis

B. Make or buy analysis

C. Contract value analysis

D. Cost impact analysis

Monte Carlo is which type of risk analysis technique?

A. Probability

B. Quantitative

C. Qualitative

D. Sensitivity

Lessons learned documentation is gathered during which of the following Project Management Process Groups?

A. Planning

B. Executing

C. Closing

D. Initiating

Co-location is a tool and technique of:

A. Develop Human Resource Plan.

B. Manage Project Team.

C. Develop Project Team.

D. Acquire Project Team.

Based on the following metrics: EV= $20,000, AC= $22,000, and PV= $28,000, what is the project CV?

A. -8000

B. -2000

C. 2000

D. 8000

Which of the following is a strategy to deal with positive risks or opportunities?

A. Mitigate

B. Transfer

C. Exploit

D. Avoid

The process improvement plan details the steps for analyzing processes to identify activities which enhance their:

A. quality.

B. value.

C. technical performance.

D. status.