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ITIL ISEB-PM1 Exam
ISEB-PM1 Foundation Certificate in Project Management (Page 11 )

Updated On: 9-Feb-2026
Page 11 of 126
PDF with 625 Questions

Who has the cost risk in a fixed price (FP) contract?

  1. The team
  2. The buyer
  3. The seller
  4. Management

Answer(s): C



The project management office is worried about the quality of the company's various projects. They want to know which projects are having problems and which ones are doing well. If the PMO receives the following information, which project should they be the MOST concerned about?

  1. Project A with a benefit cost ratio of 2.3
  2. Project B with a benefit cost ratio of 1.3
  3. Project C with a benefit cost ratio of negative 2.3
  4. Project D with a benefit cost ratio of negative 1.3

Answer(s): C



Earned value measurement is an example of:

  1. Performance reporting.
  2. Planning control.
  3. Ishikawa diagrams.
  4. Integrating the project components into a whole.

Answer(s): A



A project manager and team from a firm that designs railroad equipment are tasked to design a machine to load stone onto railroad cars. The design allows for two percent spillage, amounting to over two tons of spilled rock per day.
In which of the following does the project manager document quality control, quality assurance, and quality improvements for this project?

  1. Quality management plan
  2. Quality policy
  3. Control charts
  4. Project management plan

Answer(s): A



All of the following are inputs to the quality process EXCEPT:

  1. Organizational process assets.
  2. Checklists.
  3. Quality policy.
  4. The project scope statement.

Answer(s): B






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