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1.  You are a project manager of a company and you are assigned to a project that has already been decided to out source. As a project manager, you need to organize a formal bid process and select the vendor for this project. Your senior management is forcing you to select a vendor which has good relation with your senior management. What is the BEST course of action for you?

   A) Follow the formal bid process, and show the senior management about why the favoured vendor is or is not the best choice.
   B) Report to legal department of your company.
   C) Report to your Manager about this.
   D) Get a written permission from your senior management to bypass the formal bid process.
   

2.  You are a project manager of a company and you are assigned to a project that has already decided to be outsourced. As a project manager, you need to organize a formal bid process and select the vendor for this project. You own stock in one of the vendor companies who also participated in the bidding process. What is the BEST course of action for you?

   A) Get the vendor company selected for the project.
   B) Keep the information to yourself.
   C) Tell your manager and remove yourself from the vendor selection committee.
   D) Ask other members of the selection committee to select your vendor company.
   

3.  The 2 years project has 200 work packages and a $20,000 budget. After one year, 100 work packages are completed and $10,000 has been spent. Which of the following is TRUE?

   A) The project need 50 work package to be completed in 6 months.
   B) Not enough information available.
   C) The project need 50 work package to be completed in 3 months.
   D) The project is on schedule and on budget.
   

4.  Which of the following project management process gets MOST of a project's budget expended?

   A) Project Executing
   B) Project Planning
   C) Project Closing
   D) Project Monitoring
   

5.  Which of the following is NOT true about overlapping phases?

   A) Each phase is typically done by a separate team
   B) There’s an increased risk of delays when a later phase can’t start until an earlier one ends
   C) There’s an increased risk to the project due to potential for rework
   D) Every phase must go through all five process groups