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APM-001 Exam Dumps - Associate in Project Management (APM)

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Question # 49

A tool or technique in Perform Quality Control that a project manager would use is:

A.

quality audits.

B.

process analysis.

C.

benchmarking.

D.

inspection.

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Question # 50

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?

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)

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Question # 51

Which of the following statements correctly characterizes pull communication?

A.

It includes letters, memos, reports, emails, and faxes.

B.

It requires recipients to access communication content at their own discretion.

C.

It is the most efficient way to ensure a common understanding among all participants.

D.

It is primarily used when the volume of information to be transferred is minimal.

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Question # 52

What does a CPI value greater than 1.0 indicate?

A.

Cost right at the estimated value

B.

Cost under the estimated value

C.

Cost right at the actual value

D.

Cost over the estimated value

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Question # 53

Which category of contracts are sellers legally obligated to complete, with possible financial damages if the project objectives are not met?

A.

Cost-reimbursable contracts

B.

Time and Material contracts (T&M)

C.

Fixed-price contracts

D.

Cost Plus Fixed Fee Contracts (CPFF)

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Question # 54

The risk management team of a software project has decided that due to the lack of adequate talent in the company, development of a specific part of the system is under high risk, so the team has decided to outsource it. This is an example of which risk response?

A.

Transfer

B.

Share

C.

Avoid

D.

Accept

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Question # 55

Which of the following investigates the likelihood that each specific risk will occur?

A.

Risk register

B.

Risk audits

C.

Risk urgency assessment

D.

Risk probability and impact assessment

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Question # 56

A reward can only be effective if it is:

A.

Given immediately after the project is completed.

B.

Something that is tangible.

C.

Formally given during project performance appraisals.

D.

Satisfying a need valued by the individual.

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