PMP Questions ID 3556 rosco enterprises is currently working on a large commercial fencing project that will construct

Rosco Enterprises is currently working on a large commercial fencing project that will construct a custom-built fence around a 10,000-square-foot property. To deliver by the committed date, the company will need to hire a subcontractor to produce the custom maple wood post endcaps. So far, the procurement statement of work has been clearly outlined, as well as the delivery date for the end caps. Based on the information provided, what type of contract will Rosco Enterprises likely use for the work carried out by the subcontractor?

Select one

Fixed price

Cost plus

Cost reimbursable

Time and materials

PMP Question No 3555 - All Domains

The net quantifiable benefit derived from a business endeavor is described by what?

Select one

Net present value

Business case

Benefits management

Business value

Answer

PMP Question No 3554 - All Domains

Which of the following statements best describes mitigation of a risk?

Select one

To transfer a risk to a third party

To remove the possibility of a risk occurring

To increase the probability and/or impact of a risk

To reduce the probability and/or impact of a risk

Answer

PMP Question No 3553 - All Domains

The 100 percent rule signifies that:

Select one

100 percent of the deliverables are included within the WBS

100 percent of the scope baseline represents the project scope statement

100 percent of activities are included within the activity list

100 percent of the scope is represented within the WBS

Answer

PMP Question No 3552 - All Domains

After conducting a lessons learned session at the end of each project phase, the project manager is responsible for collecting feedback from the team and creating a process improvement plan. The process improvement plan contains all of the following except for which one?

Select one

Process boundaries

Process configuration

Failure rate

Targets for improved performance

Answer