PMP Mock Test 17

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

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1. 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?

 
 
 
 

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

 
 
 
 

3. 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:

 
 
 
 

4. 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?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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