Last Updated: May 31, 2026
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1. A project plan is:
A) A formal, approved document used to guide both project execution and project control.
B) A narrative description of products or services to be supplie
C) A document describing the organizational breakdown structure of the company.
D) A document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities.
2. Which of the following choices is a contract closure tool or technique?
A) Contract plan
B) Closure process
C) Procurement plan
D) Procurement audits
3. The project team reviews identified risks and the risk response strategy. For one of the risks, the team realizes that the implementation of the risk response would generate another risk.
This new risk is which of the following types of risk?
A) Tertiary
B) Residual
C) Secondary
D) Primary
4. Taking out insurance in relation to risk management is called what?
A) Transference
B) Mitigation
C) Exploring
D) Avoidance
5. Which of the following provides the least accurate in estimating?
A) WBS estimate
B) Budget estimate
C) Definitive estimate
D) Rough order of magnitude
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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