“Strayer BUS 375 Project Management
Test Final Exam Part 2
Instructions This exam consists of 25 multiple choice questions
and covers the material in Chapters 16, 17, 19, and 20.

Question 1

Which of the following generally gets reduced during tradeoffs?
Question 2

Which of the following is normally not one of the three parameters
considered during tradeoffs?
Question 3

Assigning high, medium or low to a potential risk is part of:
Question 4

The probability-impact matrix is a technique used as part of:
Question 5

In which life cycle phase does the project manager have the
greatest financial risk? (i.e. amount at state)
Question 6

Brainstorming, assumption analysis and WBS decomposition are
techniques used for:
Question 7

Risk constitutes a lack of knowledge _____.
Question 8

Nominal work groups and the Delphi Techniques are used as part of
which risk management process?
Question 9

The two primary components of a risk are:
Question 10

Which risk handling mode is a project manager using if he / she
throws out one of three designs for a new product?
Question 11

During contract negotiations, the goal of the seller is to:
Question 12

Which type of contract has a point of total assumption?
Question 13

The type of contract where all of the sellers costs are
reimbursed and the seller will also receive a percentage of the profit pool
based upon how well the buyer likes the end result is a _____ contract.
Question 14

During contract negotiations, the goal of the buyer is to:
Question 15

Which of the following contract types has the greatest risk with
the seller?
Question 16

Which of the following is generally not included in a solicitation
package?
Question 17

Bidder conferences are used to:
Question 18

Which of the following contract types has the greatest risk with
the buyer?
Question 19

The collective term for the formal quality activities and
processes is called:
Question 20

Which quality guru was heavily involved with quality control
charts?
Question 21

The balance between quality and cost is called:
Question 22

The plan-do-check-act cycle is attributed to:
Question 23

The fact that random variation is always present in any process is
called:
Question 24

Acceptance sampling is a statistical process for evaluating a
portion of lot for the purpose of:
Question 25

The cause and effect chart is used to _____.
Project ManagementTest Final Exam Part 2Instructions This exam consists of 25 multiple choice questions
and covers the material in Chapters 16, 17, 19, and 20.Question 1Which of the following generally gets reduced during tradeoffs?Question 2Which of the following is normally not one of the three parameters
considered during tradeoffs?Question 3Assigning high, medium or low to a potential risk is part of:Question 4The probability-impact matrix is a technique used as part of:Question 5In which life cycle phase does the project manager have the
greatest financial risk? (i.e. amount at state)Question 6Brainstorming, assumption analysis and WBS decomposition are
techniques used for:Question 7Risk constitutes a lack of knowledge _____.Question 8Nominal work groups and the Delphi Techniques are used as part of
which risk management process?Question 9The two primary components of a risk are:Question 10Which risk handling mode is a project manager using if he / she
throws out one of three designs for a new product?Question 11During contract negotiations, the goal of the seller is to:Question 12Which type of contract has a point of total assumption?Question 13The type of contract where all of the sellers costs are
reimbursed and the seller will also receive a percentage of the profit pool
based upon how well the buyer likes the end result is a _____ contract.Question 14During contract negotiations, the goal of the buyer is to:Question 15Which of the following contract types has the greatest risk with
the seller?Question 16Which of the following is generally not included in a solicitation
package?Question 17Bidder conferences are used to:Question 18Which of the following contract types has the greatest risk with
the buyer?Question 19The collective term for the formal quality activities and
processes is called:Question 20Which quality guru was heavily involved with quality control
charts?Question 21The balance between quality and cost is called:Question 22The plan-do-check-act cycle is attributed to:Question 23The fact that random variation is always present in any process is
called:Question 24Acceptance sampling is a statistical process for evaluating a
portion of lot for the purpose of:Question 25The cause and effect chart is used to _____.”