What are the cost types in modern quality management?

• A.Planning costs - doing costs - checking costs - acting costs
• B.Prevention costs - appraisal costs - failure costs
• C.Planning costs - assurance costs - control costs
• D.Costs of good quality - costs of bad quality

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Assume that your company has a cost-plus-fixed-fee contract. The contract value is $110,000, which consists of $100,000 of estimated costs with a 10-percent fixed fee. Assume that your company completes the work but only incurs $80,000 in actual cost. What is the total cost to the project?

• A.$80,000
• B.$90,000
• C.$10,0000
• D.$125,000

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A project customer and a contractor agreed on regular Quality audits during execution by a third party audit team, which is working on an assignment for the customer.
What should the contractor have prepared for the audits?

• A.Quality documentation
• B.Contract related correspondence
• C.Measurements and test results
• D.Work results

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Which of the following tools/ techniques of the quality planning process compares previous similar activities from a prior project to the current project activities to develop performance measurement standards?

• A.Benchmarking
• B.Design of experiments
• C.Flowcharting
• D.Benefit/ cost analysis

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A new important risk that may compromise project viability was uncovered during a recent project status meeting. The project manager has completed the documentation and qualitative analysis of the risk.
What should the project manager do next?

• A.Proceed with response implementation.
• B.Proceed with a quantitative analysis.
• C.Proceed with the fallback plan execution.
• D.Proceed with updating the risk register.

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