5 questions - please help

Submitted by Dana1 on Sat, 05/28/2011 - 04:53

Hi folks,
Can you help me out with these questions:

1. Which of the following has NOT been a force behind the growing use of project management?
a. the growing use of mass production of goods
b. the intense competition among institutions in our economic system
c. the exponential expansion of human knowledge
d. all of the above are forces for project management

2. In firms with a diverse product line, which organizational form is preferred?
a. Functional
b. Project
c. Matrix
d. Non of these

3. In choosing a structure for a project, the first problem is:
a. To determine resource requirement
b. To select team members
c. To determine what must be accomplished
d. To establish budgetary and time constraints

4. An advantages of a pure project organizational structure is:
a. These a shorter lines of communications
b. The project team has a stronger and separate identify
c. Centralized authority enhances and speed decision making
d. All of the above

5.Which type of contract provides the highest risk to the Owner (Buyer)?

a. Cost Plus Percentage Price

b. Cost Plus Fixed Price

c. Firm Fixed Price

d.Fixed Price Plus Incentive Fee

Thanks.

Forums:

PMP / CAPM exam Question bank

niteshrs

Mon, 05/30/2011 - 12:16

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Answers

Hi,

My take on the answers below is:

1. Answer c

2. In firms with diverse product lines, usually the organization is managed across product lines & functional areas. Functional organization will be more appropriate here.
Answer a.

3. In choosing a structure for a project, ...
Answer c. To determine what must be accomplished

4. An advantages of a pure project organizational structure is:
Answer. d all the above
5.Which type of contract provides the highest risk to the Owner (Buyer)?
CPPC -> CPFF -> CPIF -> FPI -> FFP
Buyer's Risk -> High to Low
Seller's Risk -> Low to High
Answer a.

Hope my justification is right on the answers, appreciate other member's comments.