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CIPS Project and Change Management Sample Questions:

1. In a(n) _____ contract, the buyer pays the supplier for allowable performance costs along with a predeined fee and an incentive bonus.

A) FPIF
B) CPIF
C) FFP
D) CPPC

2. _____ emphasizes things such as job rotation, broadening of skills, generalization versus specialization, and the need for continuous training of workers.

A) Theory X
B) Theory Y
C) Theory Z
D) Theory W

3. A preliminary or rough cost estimate is developed in the _____ phase of the project life cycle, and an overview of the work involved is created.

A) acquisition
B) implementation
C) close-out
D) concept

4. _____ involves doing whatever you can to make sure the positive risk happens.

A) Risk sharing
B) Risk enhancement
C) Risk acceptance
D) Risk exploitation

5. NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.

A) False
B) True

Solutions: