1 One of the key differences between RFP and RFQ is that:

a) An RFP is for acquiring products that can be only differentiated based on price.

b) An RFP has one selection criterion while RFQ has many selection criteria.

c) An RFP has many selection criteria while RFQ has one selection criteria.

d) An RFQ is for soliciting questions from suppliers.

2 A project manager decides to hire a consultant to perform a high risk item in the project because the consultant have done similar work before. This is an example of:

a) Risk Avoidance

b) Risk Transfer

c) Risk Acceptance

d) Risk Mitigation.

3 A project team decided to outsource some of the work to another company where they have experts in the work that needs to be done. this is an example of :

a) Risk Avoidance

b) Risk Transfer

c) Risk Acceptance

d) Risk Mitigation

4 In a project, a chart shows that Thomas is responsible for getting work done, with the support of Elaine the consultant and victor who will approve the completed work. At the end, Sarah, the vice president will be informed that the work has been completed. Th chart used to indicate these roles is called:

5 A project team needs to implement a new software package in the company. The team can implement the latest version of the software, which is new and may not work properly, or the team can implement the version from the previous year which had most of its problem fixed. the team decided on implementing the new version and fix the problems it may have as they go along, this is an example of:

a) Risk mitigation

b) Risk transfer

c) Risk acceptance

d) Risk avoidance

6 To develop a company's competitive strategy what they have to follow?

7 The project management office (PMO) functions include all of the following except:

a) Develop and maintain templates, tools, Standard and methodology.

b) Research, develop and share best practice in project management.

c) Develop or cordinate training in various project management topics.

d) Ensure laying off project managers between projects to reduce overall costs.