PMP Mock Test 17

Project Management Professional (PMP) – Online Sample Test for Certification exam Preparation

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1. In which of the following contract types is the seller’s profit limited?

 
 
 
 

2. Which type of bilateral contract is used for high dollar, standard items?

 
 
 
 

3. A fixed-price-plus-incentive-fee (FPI. contract has a target cost of $130,000, a target profit of $15,000, a target price of $145,000, a ceiling price of $160,000, and a share ratio of 80/20. The actual cost of the project was $150,000. How much profit does the seller make?

 
 
 
 

4. In which stage of the negotiation meeting are points of concession identified?

 
 
 
 

5. A cost-plus-percentage-cost (CPPC. contract has an estimated cost of $120,000 with an agreed profit of 10% of the costs. The actual cost of the project is $130,000. What is the total reimbursement to the seller?

 
 
 
 

6. A collection of generally sequential project phases whose name and number are determined by the control needs of the organization or organizations involved in the project, is called:

 
 
 
 

7. The “rule of seven” as applied to process control charts means that :

 
 
 
 

8. Which of the following is NOT a method of government procurement?

 
 
 
 

9. There is project with CPI of 0.81 and TCPI=1.00001 this project is:

 
 
 
 

10. Under what circumstances is it better for a contractor to subcontract?

 
 
 
 

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