CAPM Practice Exam 260 Questions with Verified Answers
3 things that describe role of a PM
?? - CORRECT ANSWER 1. responsible for the final result of
... [Show More] the team
2. need to integrate multiple disciplines
3. communicate with team
Cost Management Plan has these 3 characteristics - CORRECT ANSWER 1. describes how project costs will be planned, structured, & controlled
2. may specify level of precision, degree to which activity cost estimates will be rounded up or down
3. may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation allowed before some action needs to be taken
general techniques for resolving conflict include: - CORRECT ANSWER 1. withdraw/avoid
2. smooth/accommodate
3. compromise/reconcile
4. force/direct
5. collaborate/problem
Responsibility Assignment Matrix (RAM) is - CORRECT ANSWER Illustrates the connections between work packages or activities and project team members. It ensures that there is only one person accountable for each.
what describes a schedule compression technique used to shorten the schedule duration for the least incremental cost by adding resources? - CORRECT ANSWER Crashing
what type of chart is well-suited for displaying detailed descriptions of team member responsibilities? - CORRECT ANSWER text-oriented formulas
when tailoring processes for project quality management, you should consider: - CORRECT ANSWER 1. policy compliance & auditing
2. standards & regulatory compliance
3. stakeholder engagement
project schedule is a result of the project management team selecting and creating? - CORRECT ANSWER a scheduling method, project-specific data, & a schedule model
Considerations for tailoring in Project Quality Management include - CORRECT ANSWER 1. policy compliance & auditing
2. standards & regulatory compliance
3. continuous improvement
4. stakeholder engagement (not management)
which is an output of a monitor risks process? - CORRECT ANSWER work performance information
define planning process group - CORRECT ANSWER process(es) required to establish the scope of the project, refine objectives, & define COA required to attain the objectives that the project was undertaken to achieve
what tasks are involved in project cost management - CORRECT ANSWER 1. estimating
2. budgeting
3. financing
what is an output of control procurements, the requirements for which are usually defined in the terms & conditions of the contract & are included in the procurement management plan - CORRECT ANSWER closed procurements????
define perform qualitative risk analysis process - CORRECT ANSWER prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact
fast tracking method of schedule compression involves - CORRECT ANSWER performing in parallel for a portion of their duration activities or phases that are normally done in sequence may result in rework & increased risk
key differences between management & leadership - CORRECT ANSWER 1. directing vs. influencing
2. accept status quo vs. challenge status quo
3. focus on systems vs. focus on relationships
classification of the engagement level of stakeholders include - CORRECT ANSWER 1. unaware
2. resistant
3. neutral
4. supportive
5. leading
process of ensuring info needs of the project & its stakeholders are met - CORRECT ANSWER monitor communications
the 3 dimensions of complexity are defined as - CORRECT ANSWER 1. system behavior
2. human behavior
3. ambiguity
purpose of preventative action change request - CORRECT ANSWER ensures future performance of the project work is aligned with the project management plan
what input to the control costs process contains data on project status such as which costs have been authorized, incurred, invoiced, and paid? - CORRECT ANSWER work performance data
project documents that are inputs to Close Project or Phase - CORRECT ANSWER - assumption log
- change log
- issue log
as the PM, what is your responsibility as part of the Monitoring & Controlling Process Group? - CORRECT ANSWER continuously monitor work being completed???
What is an output in the Determine Budget process - CORRECT ANSWER - cost baseline
- project funding requirements
- project doc updates
>> cost estimates
>> project schedule
>> risk register
what process involves leading & performing the work defined in the PMP and implementing approved changes to achieve the project's objectives? - CORRECT ANSWER Direct & Manage Project Work
What is a form of project life cycle that may also be referred to as waterfall life cycle - CORRECT ANSWER predictive life cycle
time or money allocated in the schedule or cost baseline for known risks with active response strategies is: - CORRECT ANSWER contingency reserve
tools & techniques to acquire resources include - CORRECT ANSWER - decision making
- interpersonal & team skills
- pre-assignment
- virtual teams
Control Resources Output - CORRECT ANSWER - work performance info
- PMP updates
- project docs updates
OPAs influence the management of projects. what is the best description of the important categories of OPA? - CORRECT ANSWER organizational knowledge base, processes, policies, & procedures
lessons learned documentation generally includes - CORRECT ANSWER - reasoning behind the corrective action chosen
- ?????
Acquire resources is the process of confirming resource availability and obtaining the team necessary to complete project activities. The EEFs that can influence this process generally include - CORRECT ANSWER - market conditions
- organizational structure
- geographic locations
Affinity Diagrams are - CORRECT ANSWER - allow large numbers of ideas to be classified into groups for analysis
- part of tools & techniques of Manage Quality process
- organize potential causes of defects
On completion of the identify risks process, what would be included in the risk register? - CORRECT ANSWER list of identified risks
What includes all costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements? - CORRECT ANSWER cost of quality (COQ)
What is a PMIS tool that can be used to execute the Manage Communications process? - CORRECT ANSWER - social media mgmt
- electronic project mgmt tools
- electronic communications mgmt
Risk transference nearly often involves - CORRECT ANSWER Payment of a risk premium to the party taking on the risk
What is an example of explicit knowledge? - CORRECT ANSWER competence ???
project life cycle is managed by executing a series of project mgmt activities. These activities are known as? - CORRECT ANSWER project mgmt processes
SWOT has the following characteristics - CORRECT ANSWER - examines degree to which organizational strengths offset threats as well as identifies opportunities that may serve to overcome weaknesses
- examines project from each of the strengths, weaknesses, opportunities, & threats perspectives to increase the breadth of identified risks by including internally generated risks
- identifies identifies any opportunities for the project that arise from organizational strengths, & any threats arising from organizational weaknesses
what is a tailoring consideration for project scope management? - CORRECT ANSWER stability of requirements
tool & technique used in the perform qualitative risk analysis process - CORRECT ANSWER - expert judgement
- data gathering (interviews)
- data analysis
>> risk data quality assessment
>>>>> risk probability & impact assessment
>>>>> assessment of other risk parameters
- interpersonal & team skills
- risk categorization
- data representation
- meetings
what is the basis for performing the validation & for final acceptance of the deliverables by the customer or sponsor? - CORRECT ANSWER requirements documentation or the scope baseline as well as work performance data from other processes
what is included in the risk management plan? - CORRECT ANSWER - risk strategy
- methodology
- roles & responsibilities
- funding
- timing
- risk categories
as an output of the monitor risks process, as an updated risk register generally includes? - CORRECT ANSWER - identification of new risks, updates to probability, impact, priority, risks plans, ownership, & other elements
- outcomes of risk assessments, risk audits, & periodic risk reviews
- actual outcomes of project's risks
cost of quality associated w/ a project consists of one or more costs? - CORRECT ANSWER - prevention
- acquisition
- failure
when tailoring processes for project schedule management, you should consider? - CORRECT ANSWER - project dimensions
- life cycle approach
- resource availability
- project dimensions
- technology support
what is evolving trends in the integration process? - CORRECT ANSWER use of automated tools
what is an output of the estimate activity resources process - CORRECT ANSWER - resource requirements
- basis of estimates
- resource breakdown structure
- project docs updates
the precedence diagramming method (PDM) shows? - CORRECT ANSWER logical relationships that exist between activities
what tools & techniques of control scope process? - CORRECT ANSWER data analysis
- variance analysis
- trend analysis
your sponsor specifies that there is no additional money in the budget for your project and asks you to complete the project at the original budget at completion (BAC). To achieve the goal, you & your team must complete the remaining work at the to-complete performance index (TCPI) of the following data:
BAC= 200
PV=100
AC=120
EV=80 - CORRECT ANSWER TCPI= (BAC-EV)/(BAC-AC)
TCPI=(200-80)/(200-120)
TCPI=1.5
what do affinity diagrams allow to be classified into groups for review & analysis? - CORRECT ANSWER large number of ideas
define RACI chart? - CORRECT ANSWER common type of responsibility assignment matrix to define the involvement of stakeholders in project activities
what strategy for risks or positive opportunities is used to increase the probability and/or positive impact of an opportunity? - CORRECT ANSWER enhance
what is an output of the Create WBS process? - CORRECT ANSWER - scope baseline
- project docs updates
>> assumption logs
>> requirements documentation
what are data analysis techniques used in project closeout - CORRECT ANSWER - document analysis
- regression analysis
- trend analysis
- variance analysis
what represents processes concerned w/ establishing & controlling the cost baseline? - CORRECT ANSWER - estimate costs
- develop budget
- adhere to baseline
???
what is the process of translating the quality management plan into executable quality activities that incorporate the organization's quality policies into the project? - CORRECT ANSWER manage quality
what is true about the Validate Scope process? - CORRECT ANSWER process of formalizing acceptance of the completed project deliverables
What contains information on threats & opportunities that may impact resource planning? - CORRECT ANSWER risk register
the processes of Project Risk M - CORRECT ANSWER 1. plan risk management
2. identify risks
3. perform qualitative risk analysis
4. perform quantitative risk analysis
5. plan risk response
6. implement risk responses
7. monitor risks
Types of PMO structures - CORRECT ANSWER Supportive, Controlling, Directive
outputs of estimate activity resources process - CORRECT ANSWER - resource requirements
- basis of estimates
- resource breakdown structure (RBS)
- project docs updates
describe procurement SOW - CORRECT ANSWER description of procurement item in sufficient detail to allow prospective seller to determine if they're capable of providing the products, service, or results
training characteristics - CORRECT ANSWER - formal or informal
- lack of necessary mgmt or technical skills can be developed during project work
- training costs should be included in project budget
OPAs influence the mgmt of projects & what are the important categories of OPAs? - CORRECT ANSWER - plans
- processes
- policies
- procedures
- knowledge bases
outputs of Plan Schedule management process - CORRECT ANSWER schedule mgmt plan
Inputs for the Close Project or Phase process: - CORRECT ANSWER Project management plan
Accepted deliverables
OPAs
complexity exhibits the following characteristics - CORRECT ANSWER - emergent behavior
- containing multiple parts
- dynamic interactions b/t parts
to tailor project risk mgmt, you should consider the factors: - CORRECT ANSWER - project size
- project complexity
- project importance
- development approach
Requirement-related activities are the responsibility of which role within the Project Scope Management Knowledge Area? - CORRECT ANSWER business analyst
analogous cost estimating uses - CORRECT ANSWER actual costs or previous, similar projects
examples of source selection criteria - CORRECT ANSWER delivery dates & financial stability ????
types of PMO structures in organizations include - CORRECT ANSWER - controlling PMOs provide support & require compliance through various means
- directive PMOs take control of projects by directly managing the projects
- consultative role to projects by supplying templates, best practices, training, access to information, and lessons learned from other projects
- NOT harmonizing PMOs
decision tree characteristics - CORRECT ANSWER - uses expected monetary value (EMV) analysis to calculate avg. outcome when the future includes scenarios that may or may not happen
- diagramming & calculation technique for evaluating implications of a chain of multiple options in the presence of uncertainty
- used to choose most appropriate risk analysis technique
determine EAC:
BAC= 200
PV= 100
AC= 120
EV= 80 - CORRECT ANSWER EAC = AC+ (BAC-EV)
EAC= 120 + (200-80)
EAC= 240
what links product requirements from their origin to the deliverables that satisfy them? - CORRECT ANSWER requirements traceability matrix
SOW, payment info, & contractor work performance information are examples of? - CORRECT ANSWER procurement documents
forms of power? - CORRECT ANSWER - positional
- informational
- referent
- situational
- personal or charismatic
- relational
- expert
- reward-oriented
- punitive or coersive
- ingratiating
- pressure-based
- guilt-based
- persuasive
- avoiding
define EAC - CORRECT ANSWER actual costs incurred for work + ETC remaining work
ETC= BAC-EV
cost performance baseline characteristics - CORRECT ANSWER - typically displayed in form of an S-curve
- approved version of the time-phased project budget, excluding any mgmt reserves & is used as a basis for comparison w/ actual results
- developed as a summation of the approved budgets for different schedule activities
a significant amount of data is collected & analyzed throughout the project. What are some examples of project data & info? - CORRECT ANSWER - work performance reports
- work performance data
- work performance information
agreements & procurement documents are inputs to? - CORRECT ANSWER identify risks
what is affected by resource availability, resource requirements, & types of resources? - CORRECT ANSWER duration of the activity
define SOW - CORRECT ANSWER narrative description of products/services/results to be delivered by the project
planning process group processes & how many - CORRECT ANSWER 24 total
Develop Project Management Plan
Plan Scope Management
Collect Requirements
Define Scope
Create WBS
Plan Schedule Management
Define Activities
Sequence Activities
Estimate Activity Resources
Estimate Activity Durations
Develop Schedule
Plan Cost Management
Estimate Costs
Determine Budget
Plan Quality Management
Plan Human Resource Management
Plan Communications Management
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Responses
Plan Procurement Management
Plan Stakeholder Management
as PM, what is your responsibility as part of the executing process group? - CORRECT ANSWER - ensure stakeholders needs are being met in relation w/ the approved scope
- integrate various parts of project work into cohesive whole
- build team cohesiveness & relationships to both external & internal stakeholders
NOT sign off on all legal agreements & docs
what represents processes concerned w/ establishing & controlling the cost baseline - CORRECT ANSWER ????
tool & technique to control schedule process - CORRECT ANSWER - data analysis
- critical path method
- PMIS
- leads & lags
- schedule compression
duration of activity is affected by - CORRECT ANSWER - estimated activity resource requirements
- resource availability
- method of scheduling activities & resources
??
Create WBS process output - CORRECT ANSWER - scope baseline
- project docs updates
configuration management plan describes - CORRECT ANSWER how info about the items of the project & which items will be recorded & updated so that the results of the project remain consistent
what is an adaptive project life cycle where deliverable matures through a series of repeated cycles - CORRECT ANSWER iterative life cycle
effective team development strategies & activities are expected to increase the team's performance, which increases likelihood of meeting project objectives. The evaluation of a team's effectiveness may include - CORRECT ANSWER - reduced staff turnover rate
- improvements in skills that allow individuals to perform assignments more effectively
- improvements in competencies that help the team perform better as a unit
NOT improvements in overall project performance as a result of increased intensity of conflict among project team members
Agile scope planning is especially useful when: - CORRECT ANSWER Business requirements are not stable
Inputs to the Plan Schedule Management process include: - CORRECT ANSWER - project charter
- PMP
>> scope mgmt plan
>> development approach
- EEFs
-OPAs
Output - Determine Budget - CORRECT ANSWER 1 Cost baseline
2 Project funding requirements
3 Project documents updates
COQ associated w/ a project consists of 1 or more of the following costs: - CORRECT ANSWER - prevention
- appraisal
- failure [Show Less]