CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified).
A001. All the following statements about time and materials contracts are true
... [Show More] except:
a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements
b. the seller receives a profit in addition to being reimbursed for allowable costs
c. the full value of the agreement is not defined at contract award
d. the exact quantity of items to be delivered is not defined at contract award - A001.
b.
PMBOK ® Guide 12.1.1.9 Y b. This question has the word except in it; therefore, we are
looking for the answer that does not belong or is not true. This statement is the
definition of a cost-reimbursable contract, not a time and materials contract. N a, c and
d. These are all true statements and thus not the correct answer. T& M contracts
resemble cost reimbursable type arrangements in that they are open-ended. They
resemble fixed price from the standpoint that the price per hour or per day is fixed.
Neither the full value of the agreement nor the exact quantity of items to be delivered
are defined.
A002. History shows that your construction firm ignores lessons learned when it comes
to risk. Management believes that if we don't talk about risk it will not happen. In this
situation we are likely to see more:
a. contingency plans
b. backup plans
c. fallback plans
d. workaround - A002. d.
PMBOK ® Guide 11.6.3.2 Y d. Workaround plans are unplanned responses to risks. If
our organization does not proactively address risk, we are likely to need more
workarounds. N a. Contingency plans are the most common method to actively accept a
risk. In this question the organization is not developing contingency plans. The
organization is doing nothing in regards to risk. N b and c. Backup plans and fallback
plans are examples of contingency plans. Often these terms are used for our second
contingency in the case the first one does not work completely. If our organization does
not have contingency plans they will not have backup or fallback plans.
A003. The most efficient means for communicating and ensuring a common
understanding with stakeholders is:
a. electronic mail
b. a face-to-face meeting
CAPM PRACTICE EXAM 4 Questions and
Answers 2023/2024 (100%Verified).
c. a report
d. a voice mail - A003. b.
PMBOK ® Guide 10.1.2.4 b. Face-to-face meetings are the most effective means for
communicating and gaining a common understanding. During a face-to-face meeting,
verbals, non-verbals, and para linguals can all be transmitted. N a, c and d. Notice the
question uses the work effective, not the word practical. If a face-to-face meeting is not
warranted or practical, telephone calls, electronic mail, and other electronic tools are
useful for exchanging information and dialoguing.
A004. All of the following are processes of project human resource management
except:
a. plan human resource management
b. manage stakeholder engagement
c. manage project team
d. acquire project team - A004. b.
PMBOK ® Guide Figure 9-1 Y b. Manage stakeholder engagement is a process of
project stakeholder management. N a. Plan human resource management is process
one of project human resource management. N c. Manage project team is process four
of project human resource management. N d. Acquire project team is process two of
project human resource management
A005. Which one of the following statements is true about quality and grade?
a. low quality may not always be a problem
b. we should always deliver high grade
c. quality and grade are basically the same thing
d. low grade may not always be a problem
Ellis, Aileen (2015-07-02). CAPM® Exam Simplified: Aligned to PMBOK® Guide 5th
Edition (Kindle Locations 14555-14569). . Kindle Edition. - A005. d.
PMBOK ® Guide Chapter 8— Quality Introduction Y d. Low grade may not always be a
problem. Low grade is acceptable if the customer only needs low grade. N a. Quality
products should always be delivered. Quality is the degree to which a set of inherent
characteristics fulfills requirements. N b. We should deliver the grade the customer
needs— no more, no less. N c. Quality and grade are very different. Quality is the
degree to which a set of inherent characteristics fulfill requirements. Grade is a category
assigned to a product or service having the same functional use but different technical
characteristics.
A006. Decomposition is a tool and technique of what process( es)?
a. create WBS
b. create WBS and define activities
c. define activities and develop schedule
d. develop schedule - A006. b. PMBOK ® Guide 5.4.2.1 and 6.3.2.1 Y b.
Decomomposition is a tool and technique of both create WBS and define activities.
A007. What is the duration of the critical path? a. 15 days b. 24 days c. 26 days d. 19
days - A007. b. PMBOK ® Guide 5.4.2.1 and 6.3.2.1 Lets do a forward pass to
calculate the project duration. Remember the project and the critical path duration are
the same. The project duration is 24 days. Answer b.
A008. What is the float of Task D?
a. 0 days
b. 1 days
c. 2 days
d. 5 days - A008. d. PMBOK ® Guide 5.4.2.1 and 6.3.2.1 Now lets do a backward
pass to calculate the float of D. Now let's calculate the float of D. The float (or you could
call it total float or slack or total slack) of D = late finish of D-early finish of D = 15-10 =
5. D has 5 days of float. Let's calculate the other floats. Float of A = late finish of A-early
finish of A = 0 Float of B = late finish of B-early finish of B = 0 Float of C = late finish of
C-early finish of C = 0 Float of E = late finish of E-early finish of E = 0
A009. What activities are on the critical path?
a. a-b-e
b. a-b-d-e
c. a-b-c
d. a-b-c-e - A009. d. PMBOK ® Guide 5.4.2.1 and 6.3.2.1 The activities on the critical
path are A-B-C-E since they each have zero float.
A010. Define scope is the process of: a. creating the project scope management plan b.
creating the project scope statement c. creating the work breakdown structure d.
creating the project management plan - A010. b. PMBOK ® Guide Section 5.3.3.1 Y
b. Creating the project scope statement is the purpose of the define scope process. N a.
The scope management plan is created during the develop project management
process. N c. Creating the work breakdown structure is the purpose of create WBS. N d.
Creating the project management plan is the purpose of develop project management
plan. [Show Less]