PMP Exam_111 Which of the following is an advantage of centralized contracting? 1.Gives easier access to contracting expertise 2.Increases company expertise in contracting 3.Gives more loyalty to the project 4.Allows a contracts person to work on a single project 2 Risks will be identified during which risk management process(es)? 1.Quantitative risk analysis and risk identification 2.Risk identification and risk monitoring and control 3.Qualitative risk analysis and risk monitoring and control 4.Risk identification 3 The highest point of Maslow's hierarchy of needs is: 1.physiological satisfaction. 2.attainment of survival. 3.need for association. 4.esteem. 4 Who is ultimately responsible for quality management on the project? 1.Project engineer 2.Project manager 3.Quality manager 4.Team member 5 A heuristic is best described as a: 1.control tool. 2.scheduling method. 3.planning tool. 4.rule of thumb. 6 If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)? 1.350 2.-75 3.400 4.-50 Answer D 7 A project manager has just been assigned to a new project and has been given the preliminary project scope statement and the project charter. The first thing the project manager must do is: 1.create a project scope statement. 2.confirm that all the stakeholders have had input into the scope. 3.analyze project risk. 4.begin work on a project management plan.