QUESTION: 1
A temporary endeavor undertaken to create a unique product or service is called:

A. Project
B. Build
C. Enterprise
D. Development

Answer(s): A

QUESTION: 2
The process of coordinating the organization, planning, scheduling, control ing, monitoring and
evaluating of activities so that the objectives of a project are met is known as:

A. Project Life cycle
B. Project Executive
C. Project Management
D. Project Organization

Answer(s): C

QUESTION: 3
According to Project Management Institute, which of the following is NOT the process group of
project?

A. Initiating
B. Organizing
C. Executing
D. Closing

Answer(s): B

QUESTION: 4
Contract statement of work is the output of which process group?

A. Planning
B. Organizing
C. Monitoring
D. Closing

Answer(s): A

QUESTION: 5
Organizations less familiar with the discipline of project management usual y begin by creating
task forces or committees within each role to tackle problem, known as:

A. Procurement Management
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Exam Code: CPSM1 Exam Title: Foundation of Supply Management
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