CAPM EXAM PREP 97 Questions with Verified Answers
Initiation Process - CORRECT ANSWER Obtain authorization to start a new project or phase on an
... [Show More] existing project
Planning Process - CORRECT ANSWER Establish the scope of the project, refine the objectives and define the course of action required
Executing Process - CORRECT ANSWER Complete the work defined in the project management plan to satisfy the project specifications
Monitoring and Controlling Process - CORRECT ANSWER Track, review, and regulate the progress and performance of the project; identify areas which changes to the plan are required
Closing Process - CORRECT ANSWER Finalize all activities across all Process Groups to formally close the project or phase
Integration Management - CORRECT ANSWER Identify, define, combine, unify, and coordinate the various processes and project management activities
Scope Management - CORRECT ANSWER All the work required, and only the work required, to complete the project successfully
Time Management - CORRECT ANSWER Manage the timely completion of the project
Cost Management - CORRECT ANSWER Planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget
Quality Management - CORRECT ANSWER Policies and procedures used to implement the organization's quality management system and it supports continuous process improvement activities
Human Resource Management - CORRECT ANSWER Organize, manage, and lead the project team; people with assigned roles and responsibilities
Communications Management - CORRECT ANSWER Timely and appropriate planning, collection, distribution, storage, retrieval, management, control, monitoring, and the ultimate disposition of project information
Risk Management - CORRECT ANSWER Conducting risk management planning, identification, analysis, response planning, and controlling risk on a project
Procurement Management - CORRECT ANSWER Purchase or acquire products, services, or results needed from outside the project team
Stakeholder Management - CORRECT ANSWER Identify the people, groups, or organizations that could impact or be impacted by the project, analyze stakeholder expectations and their impact on the project, and develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution
Develop Project Charter - CORRECT ANSWER Expert judgement
Facilitation techniques
Develop Project Management Plan - CORRECT ANSWER Expert judgement
Facilitation techniques
Direct and Manage Project Work - CORRECT ANSWER Expert judgement
Project management information system
Meetings
Monitor and Control Project Work - CORRECT ANSWER Expert judgement
Analytical techniques
Project management information system
Meetings
Perform Integrated Change Control - CORRECT ANSWER Expert judgement
Meetings
Change control tools
Close Project or Phase - CORRECT ANSWER Expert judgement
Analytical techniques
Meetings
Plan Scope Management - CORRECT ANSWER Expert judgement
Meetings
Collect Requirements - CORRECT ANSWER Interviews
Focus groups
Facilitated workshops
Group creativity techniques
Group decision-making techniques
Questionnaires and surveys
Observations
Prototypes
Benchmarking
Context diagrams
Document analysis
Define Scope - CORRECT ANSWER Expert judgement
Product analysis
Alternatives generation
Facilitated workshops
Create WBS - CORRECT ANSWER Decomposition
Expert judgement
Validate Scope - CORRECT ANSWER Inspection
Group decision-making techniques
Control Scope - CORRECT ANSWER Variance analysis
Plan Schedule Management - CORRECT ANSWER Expert judgement
Analytical techniques
Meetings
Define Activities - CORRECT ANSWER Decomposition
Rolling wave planning
Expert judgement
Sequence Activities - CORRECT ANSWER Precedence diagramming method (PDM)
Dependency determination
Leads and lags
Estimate Activity Resources - CORRECT ANSWER Expert judgement
Alternative analysis
Published estimating data
Bottom-up estimating
Project management software
Estimate Activity Durations - CORRECT ANSWER Expert judgement
Analogous estimating
Parametric estimating
Three-point estimating
Group decision-making techniques
Reserve analysis
Develop Schedule - CORRECT ANSWER Schedule network analysis
Critical path method
Resource optimization techniques
Modeling techniques
Leads and lags
Schedule compression
Scheduling tool
Control Schedule - CORRECT ANSWER Performance reviews
Project management software
Resource optimization techniques
Modeling techniques
Leads and lags
Schedule compression
Scheduling tool
Plan Cost Management - CORRECT ANSWER Expert judgement
Analytical techniques
Meetings
Estimate Costs - CORRECT ANSWER Expert judgement
Analogous estimating
Parametric estimating
Bottom-up estimating
Three-point estimating
Reserve analysis
Cost of quality
Project management software
Vendor bid analysis
Group decision-making techniques
Determine Budget - CORRECT ANSWER Cost aggregation
Reserve analysis
Expert judgement
Historical relationships
Funding limit reconciliation
Control Costs - CORRECT ANSWER Earned value management
Forecasting
To-complete performance index (TCPI)
Performance reviews
Project management software
Reserve analysis
Plan Quality Management - CORRECT ANSWER Cost-benefit analysis
Cost of quality
Seven basic quality tools
Benchmarking
Design of experiments
Statistical sampling
Additional quality planning tools
Meetings
Perform Quality Assurance - CORRECT ANSWER Quality management and control tools
Quality audits
Process analysis
Control Quality - CORRECT ANSWER Seven basic quality tools
Statistical sampling
Inspection
Approved change requests review
Plan Human Resource Management - CORRECT ANSWER Organization charts and position descriptions
Networking
Organizational theory
Expert judgement
Meetings
Acquire Project Team - CORRECT ANSWER Pre-assignment
Negotiation
Acquisition
Virtual teams
Multi-criteria decision analysis
Develop Project Team - CORRECT ANSWER Interpersonal skills
Training
Team-building activities
Ground rules
Colocation
Recognition and rewards
Personnel assessment tools
Manage Project Team - CORRECT ANSWER Observation and conversation
Project performance appraisals
Conflict management
Interpersonal skills
Plan Communications Management - CORRECT ANSWER Communication requirements analysis
Communication technology
Communication models
Communication methods
Meetings
Manage Communications - CORRECT ANSWER Communication technology
Communication models
Communication methods
Information management systems
Performance reporting
Control Communications - CORRECT ANSWER Information management systems
Expert judgement
Meetings
Plan Risk Management - CORRECT ANSWER Analytical techniques
Expert judgement
Meetings
Identify Risks - CORRECT ANSWER Documentation reviews
Information gathering techniques
Checklist analysis
Assumptions analysis
Diagramming techniques
SWOT analysis
Expert judgement
Perform Qualitative Risk Analysis - CORRECT ANSWER Risk probability and impact assessment
Probability and impact matrix
Risk data quality assessment
Risk categorization
Risk urgency assessment
Expert judgement
Perform Quantitative Risk Analysis - CORRECT ANSWER Data gathering and representation techniques
Quantitative risk analysis and modeling techniques
Expert judgement
Plan Risk Responses - CORRECT ANSWER Strategies for negative risks or threats
Strategies for positive risks or opportunities
Contingent response strategies
Expert judgement
Control Risks - CORRECT ANSWER Risk reassessment
Risk audits
Variance and trend analysis
Technical performance measurement
Reserve analysis
Meetings
Plan Procurement Management - CORRECT ANSWER Make-or-buy analysis
Expert judgement
Market research
Meetings
Conduct Procurements - CORRECT ANSWER Bidder conference
Proposal evaluation techniques
Independent estimates
Expert judgement
Advertising
Analytical techniques
Procurement negotiations
Control Procurements - CORRECT ANSWER Contract change control system
Procurement performance reviews
Inspections and audits
Performance reporting
Payment systems
Claims administration
Records management system
Close Procurements - CORRECT ANSWER Procurement audits
Procurement negotiations
Records management system
Identify Stakeholders - CORRECT ANSWER Stakeholder analysis
Expert judgement
Meetings
Plan Stakeholder Management - CORRECT ANSWER Expert judgement
Meetings
Analytical techniques
Manage Stakeholder Engagement - CORRECT ANSWER Communication methods
Interpersonal skills
Management Skills
Control Stakeholder Engagement - CORRECT ANSWER Information management systems
Expert judgement
Meetings
PERT Expected Activity Duration (EAD) - CORRECT ANSWER (P+4M+O)/6
Standard Deviation (SD) - CORRECT ANSWER (P-O)/6
Variance of an Activity - CORRECT ANSWER ((P-O)/6)^2 or SD^2
Range of an Activity Duration - CORRECT ANSWER EAD+/-SD
Total Float - CORRECT ANSWER LS-ES or LF-EF
Cost Variance (CV) - CORRECT ANSWER CV=EV-AC
Schedule Variance (SV) - CORRECT ANSWER SV=EV-PV
Cost Performance Index (CPI) - CORRECT ANSWER CPI=EV/AC
Schedule Performance Index (SPI) - CORRECT ANSWER SPI=EV/PV
Estimate at Completion (EAC) - multiple formulas - CORRECT ANSWER EAC=AC+ETC
EAC=BAC/CPI
EAC=AC+(BAC-EV)
EAC=AC+((BAC-EV)/CPI)
Estimate at Complete (ETC) - CORRECT ANSWER ETC=EAC-AC
Variance at Completion (VAC) - CORRECT ANSWER VAC=BAC-EAC
Communication Channels - CORRECT ANSWER N*(N-1)/2
Expected Monetary Value (EMV) - CORRECT ANSWER EMV=P*I
Point at Total Assumption (PTA) - CORRECT ANSWER (Ceiling Price - Target Price)/Buyer's share ratio + Target Cost
Prototyping - CORRECT ANSWER Receiving feedback and creating a working model before actually building it. Test Model
Benchmarking - CORRECT ANSWER Comparing processes and operations to others in the organization to identify best practices, generate ideas for improvement, and provide a basis for measuring performance
Context Diagram - CORRECT ANSWER Example of a scope model; visually depict the product scope by showing a business system and how people and other systems interact with it
Decomposition - CORRECT ANSWER A technique used for dividing and subdividing the project scope and project deliverables into smaller, more management parts
Variance Analysis - CORRECT ANSWER A technique for determining the cause and degree of difference between the baseline and actual performance
Rolling Wave Planning - CORRECT ANSWER The work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level; Progressive elaboration
Seven Basic Quality Tools - CORRECT ANSWER Cause and effect diagrams
Flow charts
Checksheets
Pareto diagrams
Histograms
Control charts
Scatter diagrams
Cause and Effect Diagrams - CORRECT ANSWER Fishbone diagrams or Ishikawa diagrams; problem statement placed at the head of the fishbone is used as a starting point to trace the problem's source back to its actionable root cause
Pareto Diagrams - CORRECT ANSWER Exist as a special form of vertical bar chart and are used to identify the vital few sources that are responsible for causing most of a problem's effects; organized into categories that measure either frequencies or consequences
Histograms - CORRECT ANSWER special form of bar chart and are used to describe the central tendency, dispersion, and shape of a statistical distribution
Control Charts - CORRECT ANSWER Used to determine whether or not a process is stable or has predictable performance; upper and lower control limits-max and min values allowed
Colocation - CORRECT ANSWER Tight Matrix; placing many or all of the most active project team members in the same physical location to enhance their ability to perform as a team
Depreciation Methods - CORRECT ANSWER Straight Line Depreciation: property depreciates the same amount every year
Accelerated Depreciation: property depreciates more rapidly in initial years; Examples - Double Declining Balance, Sum of the Year's Digits
Five Interpersonal Influences - CORRECT ANSWER Legitimate Power - being officially empowered to issue orders
Reward Power - capable of directly or indirectly dispensing valued organizational rewards such as salary, promotion, bonus, and future work assignments
Penalty Power - capable of directly and indirectly dispensing penalties that they wish to avoid
Expert Power - possessing special knowledge or expertise
Referent Power - personally attracted to the project manager or project
Management by Objectives (MBO) - CORRECT ANSWER a systems approach for aligning project goals with organizational goals, project goals with the goals of other subunits of the organization, and project goals with individual goals
Milestone - CORRECT ANSWER A significant point or event in a project, program, or portfolio; duration is always equal to Zero
Procurement Audit - CORRECT ANSWER To identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts on the project, or on other projects within the performing organization
Expected Profit - CORRECT ANSWER Sum of (Probability X Profit) (of each alternative)
Discount Rate - CORRECT ANSWER The interest rate used to calculate present value of expected yearly benefits and costs
Parkinson's Law - CORRECT ANSWER Work expands to fill the time available for its completion [Show Less]