a contractor estimates that a project has a 0.5 probability of $200,000 profit and 0.3 probability of $50,000 loss. the expected monetary value of this project is:

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• 1which of the following types of contracts allows the owner to transfer risk to the contractor:

  A.cost plus incentive fee

  B.cost sharing

  C.firm fixed price

  D.cost plus fixed fee

  E.performance guarantees

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• 2which of the following is least likely to be used in explaining to a team member why you consider his/her performance substandard、

  A.project office memo

  B.counseling session

  C.project team meeting

  D.formal letter

  E.individual conversation

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• 3which of the following diagrams is most useful in impact analysis:

  A.arrow diagrams

  B.precedence diagrams

  C.decision trees

  D.pareto diagrams

  E.cause and effects diagrams

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• 4the majority of product defects could be prevented in most processes if manufactures would do the following:

  A.increase the use of acceptance control charts instead of standard three-sigma control charts.

  B.make a concerted effort to eliminate the potential for product defects in the design stage.

  C.create a quality control department.

  D.a and b

  E.a and c

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• 5the major difference between pert and cpm networks is:

  A.pert requires three time estimates whereas cpm requires one time estimate.

  B.pert is used for construction projects whereas cpm is used for r & d

  C.pert addresses only time whereas cpm also includes cost and resource availability.

  D.pert requires computer solutions whereas cpm is a manual techniqu

  E.E.pert is measured in days whereas cpm uses weeks or months.

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• 6a project manager who allows the team to make the majority of the decisions is demonstrating a(n) （    ） leadership style.

  A.laissez-faire

  B.boss-centered

  C.subordinate centered

  D.autocratic

  E.demographic

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• 7historical records during close-out are useful to （    ） and （    ） for future projects.

  A.predict trends, highlight problems.

  B.analyze successes, shortfalls.

  C.analyze strengths, document results.

  D.support litigation, defend claims.

  E.justify results, set standards.

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• 8in a fishbone diagram, the effect you are concerned about is placed:

  A.at the right-hand end of the spine.

  B.at the end of the diagonal line (i.e. "fin").

  C.on a branch of a fin.

  D.at the left-hand end of the spin

  E.E.none of the above.

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• 9sound, prudent, but often unsophisticated judgement is called:

  A.common sense

  B.rational management

  C.smoothing

  D.confrontation

  E.none of the above

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• 10which of the following types of specifications gives measurable capabilities of the product:

  A.functional specifications

  B.performance specifications

  C.conformance specifications

  D.technical specifications

  E.process capability specification

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