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Free PMI CAPM Exam Braindumps (page: 38)

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PDF with 1163 Questions

A logical relationship in which a successor activity cannot start until a predecessor activity has finished is known as:

  1. Start-to-start (SS).
  2. Start-to-finish (SF).
  3. Finish-to-start (FS).
  4. Finish-to-finish (FF).

Answer(s): C

Explanation:

A finish-to-start (FS) relationship between two activities implies that the initiation of successor is dependent on the completion of predecessor.
A finish-to-finish (FF) relationship between two activities implies that the completion of successor is dependent on the completion of predecessor.
A start-to-start (SS) relationship implies that the initiation of successor is dependent on the initiation of predecessor.
A start-to-finish (SF) relationship between two activities implies that the completion of successor is dependent on the initiation of its predecessor



Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incentives?

  1. Cost Plus Incentive Fee (CPIF)
  2. Fixed Price Incentive Fee (FPIF)
  3. Cost Pius Award Fee (CPAF)
  4. Time and Material (T&M)

Answer(s): B

Explanation:

Fixed Price Incentive Fee Contracts (FPIF). This fixed-price arrangement gives the buyer and seller some flexibility in that it allows for deviation from performance, with financial incentives tied to achieving agreed upon metrics. Typically such financial incentives are related to cost, schedule, or technical performance of the seller. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller’s performance. Under FPIF contracts, a price ceiling is set, and all costs above the price ceiling are the responsibility of the seller, who is obligated to complete the work.



What is the estimate at completion (EAC) if the budget at completion (BAC) is $100, the actual cost (AC) is $50, and the earned value (EV) is $25?

  1. $50
  2. $100
  3. $125
  4. $175

Answer(s): C

Explanation:

Estimate to completion calculates how much more of the budget is needed to complete the project if everything continues at the current level of performance.
EAC ‘atypical’ = AC + BAC - EV
EAC ‘typical’ = AC + ((BAC - EV) / CPI)



The business needs, assumptions, and constraints and the understanding of the customers’ needs and high- level requirements are documented in the:

  1. Project management plan.
  2. Project charter.
  3. Work breakdown structure.
  4. Stakeholder register.

Answer(s): B






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