Question 1

In which of the following contract types, the seller is reimbursed for all allowable costs for

performing the contract work and receives a fixed fee payment which is calculated as a percentage

of the initial estimated project costs?

Options :

A : Firm Fixed Price Contracts

B : Cost Plus Fixed Fee Contracts

C : Fixed Price Incentive Fee Contracts

D : Cost Plus Incentive Fee Contracts

Answer: B

Question 2

Which of the following terms related to risk management represents the estimated frequency at

which a threat is expected to occur?

Options :

A : Safeguard

B : Single Loss Expectancy (SLE)

C :

Exposure Factor (EF)

D : Annualized Rate of Occurrence (ARO)

Answer: D

Question 3

Which of the following can be prevented by an organization using job rotation and separation of

duties policies?

Options :

A : Collusion

B : Eavesdropping

C : Buffer overflow

D : Phishing

Answer: A

Question 4

Which of the following is a variant with regard to Configuration Management?

Options :

A :

A CI that has the same name as another CI but shares no relationship.

B :

A CI that particularly refers to a hardware specification.

C :

A CI that has the same essential functionality as another CI but a bit different in some small

manner.

D : A CI that particularly refers to a software version.

Answer: A

Question 5

Rachael is the project manager for a large project in her organization. A new change request has

been proposed that will affect several areas of the project. One area of the project change impact is

on work that a vendor has already completed. The vendor is refusing to make the changes as they've

already completed the project work they were contracted to do. What can Rachael do in this

instance?

Options :

A : Threaten to sue the vendor if they don't complete the work.

B : Fire the vendor for failing to complete the contractual obligation.

C :

Withhold the vendor-s payments for the work they've completed.

D : Refer to the contract agreement for direction.

Answer: D

Free ISSMP Mock Exam – Practice Online Confidently

Buying Options: