Project Management Chapter 6 Questions
with Correct Answers A+
Contracts - ✔✔Work done by outside suppliers or sellers should be well documented in
____________________, which are mutually binding agreements that obligate the seller to
provide the specified products or services, and obligate the buyer to pay for them.
Checklist - ✔✔A(n) ____________________ is a list of items to be noted or consulted.
Contingency - ✔✔____________________ plans are predefined actions that the project team
will take if an identified risk event occurs.
Cost - ✔✔________-reimbursable contracts involve payment to the seller for direct and indirect
actual costs.
True - ✔✔A risk management plan summarizes how risk management will be performed on a
particular project.
True - ✔✔Contract type is a key consideration in a procurement management plan.
Lump - ✔✔Fixed-price or _____-sum contracts involve a fixed total price for a well defined
product or service.
, False - ✔✔The project manager ultimately decides what level of quality is acceptable.
Risk - ✔✔Key outputs of project ____________________ management planning include a risk
management plan, a probability/impact matrix, a risk register, and risk-related contractual
agreements.
False - ✔✔Project dashboards often use colors like red, white, and blue to show the status of key
metrics.
Events - ✔✔Risk ____________________ refer to specific, uncertain events that may occur to
the detriment or enhancement of the project.
False - ✔✔A bid is another name for a contract.
True - ✔✔Project Web sites provide a centralized way of delivering project documents and other
communications.
Blogs - ✔✔____________________ are easy-to-use journals on the Web that allow users to
write entries, create links, and upload pictures, while allowing readers to post comments to
particular journal entries.
with Correct Answers A+
Contracts - ✔✔Work done by outside suppliers or sellers should be well documented in
____________________, which are mutually binding agreements that obligate the seller to
provide the specified products or services, and obligate the buyer to pay for them.
Checklist - ✔✔A(n) ____________________ is a list of items to be noted or consulted.
Contingency - ✔✔____________________ plans are predefined actions that the project team
will take if an identified risk event occurs.
Cost - ✔✔________-reimbursable contracts involve payment to the seller for direct and indirect
actual costs.
True - ✔✔A risk management plan summarizes how risk management will be performed on a
particular project.
True - ✔✔Contract type is a key consideration in a procurement management plan.
Lump - ✔✔Fixed-price or _____-sum contracts involve a fixed total price for a well defined
product or service.
, False - ✔✔The project manager ultimately decides what level of quality is acceptable.
Risk - ✔✔Key outputs of project ____________________ management planning include a risk
management plan, a probability/impact matrix, a risk register, and risk-related contractual
agreements.
False - ✔✔Project dashboards often use colors like red, white, and blue to show the status of key
metrics.
Events - ✔✔Risk ____________________ refer to specific, uncertain events that may occur to
the detriment or enhancement of the project.
False - ✔✔A bid is another name for a contract.
True - ✔✔Project Web sites provide a centralized way of delivering project documents and other
communications.
Blogs - ✔✔____________________ are easy-to-use journals on the Web that allow users to
write entries, create links, and upload pictures, while allowing readers to post comments to
particular journal entries.
