- (Topic 2)
A project requires a component with well-understood specifications. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller's performance. The most appropriate agreement with the supplier is:

1. A. Cost Plus Incentive Fee (CPIF).
2. B. Fixed Price Incentive Fee (FPIF).
3. C. Cost Plus Award Fee (CPAF).
4. D. Fixed Price with Economic Price Adjustment (FP-EPA).

Correct Answer: B

- (Topic 4)
Which of the following Project Communication Management processes uses performance reports as an input?

1. A. Manage Stakeholder Expectations
2. B. Report Performance
3. C. Distribute Information
4. D. Plan Communications

Correct Answer: C

- (Topic 4)
Project contracts generally fall into which of the following three broad categories?

1. A. Fixed-price, cost reimbursable, time and materials
2. B. Make-or-buy, margin analysis, fixed-price
3. C. Time and materials, fixed-price, margin analysis
4. D. Make-or-buy, lump-sum, cost-plus-incentive

Correct Answer: A

- (Topic 4)
Which of the following reduces the probability of potential consequences of project risk events?

1. A. Preventive action
2. B. Risk management
3. C. Corrective action
4. D. Defect repair

Correct Answer: A

- (Topic 4)
Which technique helps to determine the risks that have the most potential impact on a project?

1. A. Cost risk simulation analysis
2. B. Expected monetary value analysis
3. C. Modeling and simulation
4. D. Sensitivity analysis

Correct Answer: D