The process for performing variance analysis may vary, depending on:

1. A. scenario building, technology forecasting, and forecast by analog
2. B. working relationships among various stakeholders and team member
3. C. application area, the standard used, and the industry,
4. D. work to be completed nex

Correct Answer: C

Which quality control technique illustrates the 80/20 principle?

1. A. Ishikawa diagram
2. B. Control chart
3. C. Run chart
4. D. Pareto chart

Correct Answer: D

Which input provides suppliers with a clear set of goals, requirements, and outcomes?

1. A. Procurement statement of work
2. B. Purchase order
3. C. Source selection criteria
4. D. Bidder conference

Correct Answer: A

Which process is usually a rapid and cost-effective means of establishing priorities for Plan Risk Responses?

1. A. Identify Risks
2. B. Plan Risk Management
3. C. Perform Qualitative Risk Analysis
4. D. Perform Quantitative Risk Analysis

Correct Answer: C

Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?

1. A. Plan Procurement Management
2. B. Control Procurements
3. C. Collect Requirements
4. D. Plan Cost Management

Correct Answer: A