Question 18 8 points Save Answer You are negotiating a contract with a seller and you are concerned that they will overcharge you for their costs, so you have included a PTA (point of total Assumption) clause in the contract. From the information provided below, what is the PTA (Point of total assumption)? Target Cost $520000 Target Price $545000 Ceiling prices $675000 Buyer/Seller ratio is 75/25 for overruns. $639,333 $699,750 $631,333 O $693,333Question 10 7 points Save Answer Suppose your organization decides which of four projects to bid on, as summarized in the following table. Assume that all up-front investments are not recovered, showing them as negative profits. Based on EMV alone, which project should your organization bid on? Project Chance of Outcome Estimated Profits Project 1 40 Percent $ 120,000.00 60 Percent $ (50,000.00) Project 2 30 Percent $ 110,000.00 40 Percent $ 50,000.00 30 Percent $ (60,000.00) Project 3 70 Percent $ 20,000.00 30 Percent $ (5,000.00) Project 4 30 Percent $ 60,000.00 30 Percent $ 50,000.00 20 Percent $ 30,000.00 20 Percent $ (30,000.00) O Project 1 O Project 2 Project 3 O Project 4Question 14 Which is a measure of quality control equal to one fault in one million opportunities problems? O a. six 9s of quality rule O b. seven run rule O c. ISO 9000 O d. Six Sigma ruleQuestion 15 A Medical Bill contains a total of eight entries. Each entry is an opportunity to make a mistake. An audit of 7000 invoices revealed 280 errors. What is Sigma of the process? O 3.41 O 4.08 5000 O 4000Question 16 8 points Save Ans A Client care manager is tracking the number of complaints coming from the customers. He put together the following data in a table. Which complaints make up 80% of the total? Complaint type Number of Complaints A. The customer has been on hold for too long. 77 B. The customer gets transferred to the wrong area of cut off 16 C. The service rep can not answer customer's questions 23 D. The service rep does not follow through as promised 37 E. The service rep is rude 67 F. Refund was not issued 33 G. The call was not escalated as requested 17 H. Call dropped during transfer 9 OF, E, D O E, A, F, C O G, A, F, C O D, E, A, FQuestion 10 7 points Saved Suppose your organization decides which of four projects to bid on, as summarized in the following table. Assume that all up-front investments are not recovered, showing them as negative profits. Based on EMV alone, which project should your organization bid on? Project Chance of Outcome Estimated Profits Project 1 40 Percent $ 120,000.00 60 Percent $ (50,000.00) Project 2 30 Percent $ 110,000.00 40 Percent $ 50,000.00 30 Percent $ (60,000.00) Project 3 70 Percent $ 20,000.00 30 Percent $ (5,000.00) Project 4 30 Percent $ 60,000.00 30 Percent $ 50,000.00 20 Percent $ 30,000.00 20 Percent $ (30,000.00) O Project 1 O Project 2 O Project 3 O Project 4\"\"5\"\" Ml Suppose that your company is trying to decide whether it should buy special equipment to prepare highquality publications itself or lease the equipment from another company. Suppese that leasing the equipment costs $300 per day, If you decide to purchase the equipment, the initial investment Is $9,000, and operations will cost $75 per day, After how many days Wlll the lease cost be the same as the purchase cost for the eqUIpment? 045 050 040 035 Question 8 refers to a tendency to see the positive side of things and expect that things will turn out well. OptimismQuestion 9 The term is used to describe risks that the project team has identified and analyzed. known risksQuestion 17 Which action involves shifting the consequence of a risk and responsibility for its management to a third party? O a. risk mitigation O b. risk avoidance O c. risk acceptance O d. risk transferenceQuestion 13 Which process is an action taken to bring rejected items into compliance with product requirements or specifications or other stakeholder expectations? O a. process adjustment O b. acceptance decision O c. validation O d. reworkQuestion 4 The represents the number of units handled correctly through the process steps. yieldQuestion 11 What is the first step in the framework for defining and assigning work? O a. finalizing the project requirements O b. breaking down the work into manageable elements O c. defining how the work will be accomplished O d. assigning work responsibilities\fQuestion 2 A Medical Bill contains a total of ten entries. Each entry is an opportunity to make a mistake. An audit of 6000 invoices revealed 180 errors. What is the Defects per million opportunity (DPMO)? O 4000 O 3000 O 3.14 O 4.25Question 18 8 points Save Answer You are negotiating a contract with a seller and you are concerned that they will overcharge you for their costs, so you have included a PTA (point of total Assumption) clause in the contract. From the information provided below, what is the PTA (Point of total assumption)? Target Cost $520000 Target Price $545000 Ceiling prices $675000 Buyer/Seller ratio is 75/25 for overruns. O $639,333 O $699,750 $631,333 O $693,333Question 15 A Medical Bill contains a total of eight entries. Each entry is an opportunity to make a mistake. An audit of 7000 invoices revealed 280 errors. What is Sigma of the process? O 3.41 O 4.08 O 5000 O 4000Question 16 8 points Sa A Client care manager is tracking the number of complaints coming from the customers. He put together the following data in a table. Which complaints make up 80% of the total? Complaint type Number of Complaints A. The customer has been on hold for too long. 77 B. The customer gets transferred to the wrong area of cut off 16 C. The service rep can not answer customer's questions 23 D. The service rep does not follow through as promised 37 E. The service rep is rude 67 F. Refund was not issued 33 G. The call was not escalated as requested 17 H. Call dropped during transfer 9 OF, E, D O E, A, F, C O G, A, F, C O D, E, A, FQuestion 6 In project procurement management, which process involves determining what to procure, when, and how? O a. conducting procurements O b. controlling procurements O c. planning procurement management O d. closing procurements