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Associate in Project Management (APM) Questions and Answers

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Question 1

A project requires a component with well-understood specifications. 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. The most appropriate agreement with the supplier is:

Options:

A.

Cost Plus Incentive Fee (CPIF).

B.

Fixed Price Incentive Fee (FPIF).

C.

Cost Plus Award Fee (CPAF).

D.

Fixed Price with Economic Price Adjustment (FP-EPA).

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Question 2

Which of the following outputs from the Control Schedule process aids in the communication of schedule variance (SV), schedule performance index (SPI), or any performance status to stakeholders?

Options:

A.

Performance organizations

B.

Schedule baselines

C.

Work performance measurements

D.

Change requests

Question 3

The following is a network diagram for a project.

What is the critical path for the project?

Options:

A.

A-B-D-G

B.

A-B-E-G

C.

A-C-F-G

D.

A-C-E-G

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