MOT final exam study guide
When using earned value techniques, Actual Cost (AC) refers to the total costs actually
incurred and recorded in accomplishing work performed during a given time period -
✔️✔️True
The process of documenting project purchasing decision specifying the approach, and
identifying potential sellers is known as - ✔️✔️Plan procurement management
Which of the following contract types is most appropriate when costs are not well known
and the buyer absorbs the cost risk? - ✔️✔️Cost-Plus-Fixed-Fee (CPFF)
Which of the following are commonly used to assess potential suppliers pursuant to a
source selection decision? - ✔️✔️All of these
High performing teams include members who typically hold which of the following
values? - ✔️✔️A high need for achievement
Which of the following is among the widely accepted project team success factors? -
✔️✔️Effective communication including performance feedback
Which of the following are among the typical sources of project conflict? - ✔️✔️All of
these
Which of the following styles of handling conflicts is most appropriate whenever there is
end time, trust can be established, the issue is important to both sides and buy-in is
needed? - ✔️✔️Collaborating/ problem solving
Consider the project performance report presented in figure 1. What valid conclusion
can you draw regarding the project schedule performance as of October - ✔️✔️The
project is $26,000 behind schedule
Consider the project performance report as a project manager. What do these values
lead you to? - ✔️✔️Take action to understand and remedy the schedule performance
on the active avionics work package
Among the disadvantages associated with outstanding is the potential loss of special
skills for the outsourced activities - ✔️✔️True
Fixed price contracts provide low risk for the seller, since the buyer will pay a fixed
price, regardless of how much the project actually costs the seller - ✔️✔️False
When using earned value techniques, Actual Cost (AC) refers to the total costs actually
incurred and recorded in accomplishing work performed during a given time period -
✔️✔️True
The process of documenting project purchasing decision specifying the approach, and
identifying potential sellers is known as - ✔️✔️Plan procurement management
Which of the following contract types is most appropriate when costs are not well known
and the buyer absorbs the cost risk? - ✔️✔️Cost-Plus-Fixed-Fee (CPFF)
Which of the following are commonly used to assess potential suppliers pursuant to a
source selection decision? - ✔️✔️All of these
High performing teams include members who typically hold which of the following
values? - ✔️✔️A high need for achievement
Which of the following is among the widely accepted project team success factors? -
✔️✔️Effective communication including performance feedback
Which of the following are among the typical sources of project conflict? - ✔️✔️All of
these
Which of the following styles of handling conflicts is most appropriate whenever there is
end time, trust can be established, the issue is important to both sides and buy-in is
needed? - ✔️✔️Collaborating/ problem solving
Consider the project performance report presented in figure 1. What valid conclusion
can you draw regarding the project schedule performance as of October - ✔️✔️The
project is $26,000 behind schedule
Consider the project performance report as a project manager. What do these values
lead you to? - ✔️✔️Take action to understand and remedy the schedule performance
on the active avionics work package
Among the disadvantages associated with outstanding is the potential loss of special
skills for the outsourced activities - ✔️✔️True
Fixed price contracts provide low risk for the seller, since the buyer will pay a fixed
price, regardless of how much the project actually costs the seller - ✔️✔️False
