A performance bond should always provide what part of the contract value? 1. 10 percent 2. 25 percent 3. 50 percent 4. 100 percent

A performance bond should always provide what part of the contract value?

1. 10 percent 

2. 25 percent 

3. 50 percent 

4. 100 percent
by

1 Answer

Answer :

4. 100 percent
by

Related questions

Normally a performance bond, depending upon the state, only stipulates that the contractor will guarantee the work for a certain period of time. Answer: D (8)Which contract type places the most risk on the seller? 1. Cost plus percentage fee 2. Cost plus incentive fee 3. Cost plus fixed fee 4. Fixed price plus incentive fee 5. Firm fixed price

Description : Normally a performance bond, depending upon the state, only stipulates that the contractor will guarantee the work for a certain period of time.  Answer: D  (8)Which contract type places the most risk on ... fee  3. Cost plus fixed fee  4. Fixed price plus incentive fee  5. Firm fixed price

Last Answer : 5. Firm fixed price

The particular task performance in CPM is known A.Dummy B.Event C.Activity D.Contract.

Description : The particular task performance in CPM is known  A.Dummy  B.Event  C.Activity  D.Contract.

Last Answer : C.Activity

A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the estimated cost as profit 3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior performance 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work.

Description : A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the  contract progresses  2. a reimbursement of allowable cost of services ... unit rates and the  final price is dependent on the quantities needed to carry out the work.

Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the  final price is dependent on the quantities needed to carry out the work

The contract administration function includes: 1. funding management 2. managing relationships and interfaces 3. performance control 4. all of the above

Description : The contract administration function includes: 1. funding management  2. managing relationships and interfaces  3. performance control  4. all of the above

Last Answer : 4. all of the above

A cost performance index (CPI) of 0.89 means: A. At this time, we expect the total project to cost 89 percent more than planned B. When the project is completed we will have spent 89 percent more than planned C. The project is only progressing at 89 percent of the rate planned D. The project is only getting 89 cents out of every dollar invested

Description : A cost performance index (CPI) of 0.89 means:  A. At this time, we expect the total project to cost 89 percent more than planned  B. When the project is completed we will have spent 89 ... at 89 percent of the rate planned  D. The project is only getting 89 cents out of every dollar invested

Last Answer : D. The project is only getting 89 cents out of every dollar invested

A schedule performance index (SPI) of 0.76 means: B. You are ahead of schedule C. You are only progressing at 76 percent of the rate originally planned D. You are only progressing at 24 percent of the rate originally planned A. You are over budget

Description : A schedule performance index (SPI) of 0.76 means:  A. You are over budget B. You are ahead of schedule  C. You are only progressing at 76 percent of the rate originally planned  D. You are only progressing at 24 percent of the rate originally planned

Last Answer : C. You are only progressing at 76 percent of the rate originally planned

. The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality control. d. quality audit.

Description : . The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality control. d. quality audit.

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Your upcoming project includes project team members from a foreign country. To make certain that cultural differences don’t interfere with team performance, thereby affecting the success of the project, your first course of action is to do which of the following? A. Provide diversity training to all the team members. B. Collocate the project team. C. Perform team-building exercises. D. Inform the team members of the organization’s rules and standards.

Description : Your upcoming project includes project team members from a foreign country. To  make certain that cultural differences don't interfere with team performance, thereby  affecting the success of the project ... exercises.  D. Inform the team members of the organization's rules and standards.

Last Answer : A. Provide diversity training to all the team members.

The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality controld. quality audit..

Description : The process that evaluates overall project performance to provide confidence is called:  a. quality assurance.  b. quality planning.  c. quality control. d. quality audit.

Last Answer : a. quality assurance.

Amount of work completed to date compared with planned in the Earned Value Management method is A. Schedule Performance Index B. Cost Performance Index C. Percentage Complete D .Percentage Spent

Description : Amount of work completed to date compared with planned in the Earned Value  Management method is  A. Schedule Performance Index  B. Cost Performance Index  C. Percentage Complete  D .Percentage Spent

Last Answer : C. Percentage Complete

Project Manager must ensure that it develops appropriate trade off/s as A. Time, cost and performance B. Time, value and performance C.Men, Materials and Machines D.Money, Cost and Return on Investment

Description : Project Manager must ensure that it develops appropriate trade off/s as  A. Time, cost and performance  B. Time, value and performance  C.Men, Materials and Machines  D.Money, Cost and Return on Investment

Last Answer : A. Time, cost and performance

What is the definition of Earned Value Management? A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool. B. An approach that combines the schedule and cost baseline into a project performance and progress measurement tool. C. An approach that combines the scope and cost baseline into a project performance and progress measurement tool.

Description : What is the definition of Earned Value Management? A. An approach that combines the scope, schedule, and cost baseline into a project  performance and progress measurement tool.  B. ... approach that combines the scope and cost baseline into a project performance and  progress measurement tool.

Last Answer : A. An approach that combines the scope, schedule, and cost baseline into a project  performance and progress measurement tool.

Earned value management integrates scope, cost, and schedule measures to: A. assess project performance and progress. B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Description : Earned value management integrates scope, cost, and schedule measures to:  A. assess project performance and progress.  B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.

Last Answer : A. assess project performance and progress.

If generally interest rates in nation increase, a corporate bond with a fixed interest rate will usually A. increase in value B. remain unchanged C. decrease in value. D. be returned to corporation.

Description : If generally interest rates in nation increase, a corporate bond with a fixed interest rate will usually A. increase in value B. remain unchanged C. decrease in value. D. be returned to corporation.

Last Answer : C. decrease in value.

The basic approach to Earned Value is toA. Sum up the Work Package Earned Values to calculate the Earned Value of the Control Account and ultimately the Project B. Multiply the percent complete by the value of the Work Package to calculate the "Earned Value" for that package C. Estimate a percent complete for each WBS Work Package D. All of the above

Description : The basic approach to Earned Value is to A. Sum up the Work Package Earned Values to calculate the Earned Value of the Control  Account and ultimately the Project  B. Multiply the percent complete by ... that package  C. Estimate a percent complete for each WBS Work Package  D. All of the above

Last Answer : D. All of the above

Which of the following statements regarding cash flow patterns (for time periods 0, 1, 2, 3, and 4) is correct? A. The sequence of -Rs.100, Rs.50, Rs.40, Rs.60, and Rs.50 is a non-conventional cash flow pattern B. The sequence of -Rs.100, Rs.600, -Rs.1,100, Rs.600, and Rs.20 potentially has a maximum of two internal rates of return. C. The sequence of +Rs.100, -Rs.1,100, and Rs.1,600 is a conventional cash flow pattern. D. The sequence of -Rs.50, Rs.50, Rs.70, Rs.60, and -Rs.150 potentially has at most two internal rates of return.

Description : Which of the following statements regarding cash flow patterns (for time periods 0, 1, 2, 3, and 4) is correct? A. The sequence of -Rs.100, Rs.50, Rs.40, Rs.60, and Rs.50 is a non-conventional cash ... -Rs.50, Rs.50, Rs.70, Rs.60, and -Rs.150 potentially has at most two internal rates of return.

Last Answer : B. The sequence of -Rs.100, Rs.600, -Rs.1,100, Rs.600, and Rs.20 potentially has a maximum of two internal rates of return.

Sam Consultancy is planning to buy ten desktops for $1500 each from a leading computer store. Which type of contract will get signed in this case? A. Purchase Order B. Cost plus Fee C. Fixed cost D. Time and Material

Description : Sam Consultancy is planning to buy ten desktops for $1500 each from a leading computer store. Which type of contract will get signed in this case? A. Purchase Order B. Cost plus Fee C. Fixed cost D. Time and Material

Last Answer : A. Purchase Order

Which of the following is not an example of formal communication? a. Contract b. email c. Project status report d. Status meeting

Description : Which of the following is not an example of formal communication? a. Contract b. email c. Project status report d. Status meeting

Last Answer : b. email

Which of the following processes are performed in the Closing process group and in what order? A. Contract Closure and then Close Project B. Scope Verification and then Close Project C. Contract Closure and then Scope Verification D. Close Project and then Contract Closure

Description :  Which of the following processes are performed in the Closing process group and in  what order?  A. Contract Closure and then Close Project B. Scope Verification and then Close Project C. Contract Closure and then Scope Verification D. Close Project and then Contract Closure

Last Answer : A. Contract Closure and then Close Project

Contract documentation is an input to both the Close Project and Contract Closure processes. Contract documentation might include all of the following except for which one? A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Description : Contract documentation is an input to both the Close Project and Contract Closure  processes. Contract documentation might include all of the following except for which  one?  A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Last Answer : D. Procurement audit documents

.Sam Consultancy is planning to buy ten desktops for $1500 each from a leading computer store. Which type of contract will get signed in this case? A. Purchase Order B. Cost plus Fee C. Fixed cost D. Time and Material

Description : .Sam Consultancy is planning to buy ten desktops for $1500 each from a leading computer  store. Which type of contract will get signed in this case? A. Purchase Order B. Cost plus Fee C. Fixed cost D. Time and Material

Last Answer : A. Purchase Order

Which of the following is not an example of formal communication? a. Contract b. email c. Project status report d. Status meeting

Description : Which of the following is not an example of formal communication? a. Contract b. email c. Project status report d. Status meeting

Last Answer : b. email

Project Scope: 1. is of concern only at the start of the project 2. is mainly a problem to be handled by the change control procedures during the project execution phase. 3. Should be managed and controlled from the project concept through close-out 4. is usually not a problem after the contract or other document authorizing the project has been approved.

Description : Project Scope: 1. is of concern only at the start of the project  2. is mainly a problem to be handled by the change control procedures during the project  execution phase.  3. Should ... . is usually not a problem after the contract or other document authorizing the project has been  approved.

Last Answer : 3. Should be managed and controlled from the project concept through close-out

) One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: 1. Work breakdown structure 2. Project scope 3. Contract 4. Internal memo

Description : ) One of the initial project documents, issued by senior management, which outlines the  authority of the project manager, is called Project charter. As a seller, what other document can  be used in this place: 1. Work breakdown structure  2. Project scope  3. Contract  4. Internal memo

Last Answer : 3. Contract

What is the last item a project manager must do to finalize project close-out? 1. Reassign the team 2. Contract completion 3. Archive the project records 4. Complete lessons learned 5. None of the above.

Description : What is the last item a project manager must do to finalize project close-out? 1. Reassign the team  2. Contract completion  3. Archive the project records  4. Complete lessons learned  5. None of the above.

Last Answer : 2. Contract completion

From a contract management perspective, the project manager must consider the: 1. acquisition process2. contract administration 3. ecological environment 4. offer, acceptance, and consideration 5. a and b

Description : From a contract management perspective, the project manager must consider the: 1. acquisition process 2. contract administration  3. ecological environment  4. offer, acceptance, and consideration  5. a and b

Last Answer : 5. a and b

)The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications 2. requires formal procedures for scope changes 3. contractor assumes financial and technical risk 4. has a known cost

Description : )The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications  2. requires formal procedures for scope changes  3. contractor assumes financial and technical risk  4. has a known cost

Last Answer : 3. contractor assumes financial and technical risk

)A new project was initiated that involves new technology and subsequently has never been done before. What type of contract would to owner want to issue to reduce or eliminate as much risk as possible. 1. Firm fixed price 2. Cost plus fix fee 3. Cost plus incentive fee 4. Lump sum 5. A and D

Description : )A new project was initiated that involves new technology and subsequently has never been  done before. What type of contract would to owner want to issue to reduce or eliminate as much  risk as possible. 1. Firm ... 2. Cost plus fix fee  3. Cost plus incentive fee  4. Lump sum  5. A and D

Last Answer : 5. A and D

To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to assume that the appropriate cost of capital is 10% and the appropriate risk-free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Description : To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to ... -free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Last Answer : C. Rs.33,346

According to the PMBOK guide which of the following sta. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. b. Reserves should not be included in the project budget. c. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. d. Planning contingency reserves for a project is not practical. e. Contingency reserves have never been a concern when planning a project budget.atements is right in terms of using reserve analysis to determine a project budget ?

Description : According to the PMBOK guide which of the following statements is right in terms  of using reserve analysis to determine a project budget ? a. Reserve analysis always plans contingency reserves ... not practical. e. Contingency reserves have never been a concern when planning a project budget.

Last Answer : . Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

According to the PMBOK guide, which of the following statements is right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. B. Reserves should not be included in the project budget. C. If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. D. Planning contingency reserves for a project is not practical. E. Contingency reserves have never been a concern when planning a project budget.

Description : According to the PMBOK guide, which of the following statements is  right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans ... not practical. E. Contingency reserves have never been a concern when planning a project budget.

Last Answer : A. Reserve analysis always plans contingency reserves for unexpected project scope and  project costs, which are part of your project budget.

Transmitted power remaining the same, if supply voltage of a D.C. 2-wire feeder is increased 100 percent, saving in copper is (a) 25 percent (b) 50 percent (c) 75 percent (d) 100 percent

Description : Transmitted power remaining the same, if supply voltage of a D.C. 2-wire feeder is increased 100 percent, saving in copper is (a) 25 percent (b) 50 percent (c) 75 percent (d) 100 percent

Last Answer : (b) 50 percent

A Firm is considering undertaking a project that would yield annual profits (after depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs 800,000 and the project's assets would have a residual value of Rs 50,000 at the end of the project. What would be the accounting rate of return for this project? A 16% B 8.5% C 8.0% D 9.1%

Description : A Firm is considering undertaking a project that would yield annual profits (after  depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs  800,000 and the project's assets would have ... accounting rate of return for this project?  A 16%  B 8.5%  C 8.0%  D 9.1%

Last Answer : A 16%

Project performance consists of (A) Time (B) Cost (C) Quality (D) All of the above

Description : Project performance consists of (A) Time (B) Cost (C) Quality (D) All of the above

Last Answer : (C) Quality

Which one of the following statements best defines teamwork? a. People working collaboratively towards a common goal. b. Developing skills that will enhance project performance. c. Gathering the right people together to work on a project. d. Establishing vision and direction towards a common purpose.

Description : Which one of the following statements best defines teamwork? a. People working collaboratively towards a common goal. b. Developing skills that will enhance project performance. c. Gathering the ... together to work on a project. d. Establishing vision and direction towards a common purpose.

Last Answer : a. People working collaboratively towards a common goal.

Root Cause Analysis relates to: A. Process Analysis B. Quality Audits C. Quality Control Measurements D. Performance Measurements

Description :  Root Cause Analysis relates to: A. Process Analysis B. Quality Audits C. Quality Control Measurements D. Performance Measurements

Last Answer : A. Process Analysis

Process Analysis is a function of: A. Performance AnalysisD. Quality Improvement Plan B. Quality Metrics C. Process Improvement Plan

Description : Process Analysis is a function of: A. Performance Analysis B. Quality Metrics C. Process Improvement Plan D. Quality Improvement Plan

Last Answer : C. Process Improvement Plan

A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by  an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit

Last Answer : e. quality audit

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

Which of the following project baselines provides the basis for measurement of the expected cash flow against requirements over time and is often displayed as an S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Description : Which of the following project baselines provides the basis for measurement of  the expected cash flow against requirements over time and is often displayed as an  S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline

Last Answer : b. Cost performance baseline

High-performance standards are set for team members in____ style.

Description : High-performance standards are set for team members in____ style.

Last Answer : Ans. Pace-setting

The purpose of project planning is to identify various areas of the project work and the influencing factors, and subsequently define the boundaries of the project performance. (True/False)

Description : The purpose of project planning is to identify various areas of the project work and the  influencing factors, and subsequently define the boundaries of the project performance.  (True/False)

Last Answer : Ans. True

Project performance consists of (A)Time (B)Cost (C)Quality (D)All of the above

Description : Project performance consists of (A)Time (B)Cost (C)Quality (D)All of the above

Last Answer : (D)All of the above

Effective project management focuses on the four P’s. What are those four P’s? a. People, performance, payment, product b. People, product, process, project c. People, product, performance, project d. All of the above.

Description : Effective project management focuses on the four P’s. What are those  four P’s? a. People, performance, payment, product b. People, product, process, project c. People, product, performance, project d. All of the above.

Last Answer : b. People, product, process, project

Which of these characteristics are used to determine the scope of a project? a. Only performance. b. Only context. c. Information objectives, function, performance d. None of the above.

Description : Which of these characteristics are used to determine the scope of a project? a. Only performance. b. Only context. c. Information objectives, function, performance d. None of the above.

Last Answer : c. Information objectives, function, performance

In tracking, reporting and controlling, the process engage whether the project results are in accordance with a. project plans b. performance specification c. both a, b d. none of the above

Description : In tracking, reporting and controlling, the process engage whether the project results are in accordance with a. project plans b. performance specification c. both a, b d. none of the above

Last Answer : c. both a, b

A project with total budget cost of 30 crores is scheduled to be completed in 80 weeks. A periodic review was carried out at end of 60 weeks and results are as given: Budgeted cost of work performed (EV) = 17 crores Actual Cost of work performed (AC = 19 crores Budgeted cost of work scheduled (PV) = 21 croresWhat is the cost performance index? A.0.895 B.0.81 C.0.90 D.1.12

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Last Answer : A.0.895

Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk

Description : Which risk is connected to the circumstance outside the project that may influence the  scope of work and the performance of the organization?  A.Operational Risk  B.Financial Risk  C.Strategic Risk  D.Contextual Risk

Last Answer : D.Contextual Risk

When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____. a. data communications, time tradeoffs, and estimated effort b. end-user efficiency, data communications, and reusability c. performance and programming language d. reports printed and PCA e. x-rays, extensibility, and operational conversion

Description : When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____.  a. data communications, time tradeoffs, and ... programming language  d. reports printed and PCA  e. x-rays, extensibility, and operational conversion

Last Answer : b. end-user efficiency, data communications, and reusability