51. The ________ is a document which describes how the project management team will implement the performing organization's quality policy.51 o Quality assurance plan o Quality management plan o Quality commitment o Quality audit
52. What do you expect when you are submitting an invitation for bid to sellers?52 o Offers which will differ significantly in solution approach and price. o Offers which are similar enough to allow a selection based on price. o Offers which are not primarily written to win against competition. o General information on a seller's ability to provide the goods or services.
53. What is important for quality auditors?53 o They must be in-house personnel. o They must be third-party staff. o They must be mandated by the auditee. o They must be properly trained.
54. What is best used to calculate the profit from an internal project?54 o Discounted net revenues from the product over n years minus project costs for internal charges o Discounted net savings from the product over n years minus project costs for internal charges o The economic value added (EVA) to the organization taking into account taxes and capital costs o The reduction in total cost of ownership (TCO) of the current product compared with its predecessor product
55. You are running a major project with four sub-projects. Each of the sub-project managers has developed a risk management plan, identified many risks, analyzed them and planned for risk response.
It is now two months later. What should you not do?55 o Ensure that they handle all risks to save you from project level risk control. o Make sure that the sub project managers monitor their project work for new and changing risks. o Make sure that the sub project managers keep track of the identified risks and those on the watch list. o Make sure that the sub-project managers monitor trigger conditions for contingency plans.