CPCM

Review 144 CPCM practice questions with answer explanations and community insights.

Question 1

The solicitation specifications and statement of work contain:

  1. Administrative requirements
  2. Technical requirements
  3. Company policy
  4. Pricing contracts

Question 2

The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of:

  1. Possible costs
  2. Final costs
  3. Scope costs
  4. Limit costs

Question 3

The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer’s costs plus a reasonable profit.

  1. True
  2. False

Question 4

Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit?

  1. Risk avoiding buyer
  2. Business professional
  3. Risk avoiding seller
  4. Technical personnel

Question 5

____________ occur when the work has not changed, but it costs more than anticipated.

  1. Cost Growth
  2. Unpredictable cost
  3. Extra cost
  4. Cost overruns
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