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CIPS Project and Change Management Sample Questions:

1. The closing procurements process involves updating records to reflect final results and archiving information for future use.

A) True
B) False

2. In which of the following contracts does the buyer pay the supplier for allowable performance costs along with a predeined percentage based on total costs?

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

3. Schedule variance is:

A) the earned value minus the actual cost
B) the earned value minus the planned value
C) the planned value plus the rate of performance
D) the planned value plus the earned value

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

A) True
B) False

5. A risk-seeking person prefers outcomes that are more uncertain and is often willing to pay a penalty to take risks.

A) True
B) False

Solutions: