life cycle costing is the total cost to the customer for the acquisition and ownership over its full life. life cycle costing categories include the costof （    ）, （    ）, and （    ）.

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• 1fixed price contracts place more risk on the:

  A.owner

  B.buyer

  C.seller

  D.contractor

  E.c or d

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• 2communications is best described as:

  A.an exchange of information.

  B.providing written or oral directions.

  C.consists of senders and receivers

  D.effective listening.

  E.all of the above

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• 3management by objectives assumes that the team:

  A.is receptive to an unstructured environment.

  B.does not require close supervision.

  C.possesses a self directed philosophy

  D.identifies with project objectives.

  E.all of the above.

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• 4quality may be defined as:

  A.conformance to requirements.

  B.fitness for use.

  C.continuous improvement of products and services

  D.appeal to the customer

  E.all of the above except b

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• 5since risk is associated with most projects, the best course of action is to:

  A.cover all project risks by buying appropriate insurance

  B.ignore the risks, since nothing can be done about them and move forward with the project in an expeditious manner.

  C.avoid projects with clear and present risks

  D.eliminate all known risks prior to the execution phase of the project

  E.identify various risks and implement actions to mitigate their potential impact

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• 6the process of choosing/documenting the best approach to achieve the project objectives is part of:

  A.the scope baseline.

  B.scope authorization

  C.scope definition

  D.scope planning.

  E.all of the above.

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• 7time management is the allocation of time in a project's life cycle through the process of:

  A.planning

  B.estimating.

  C.scheduling.

  D.controlling

  E.all of the above.

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