Capital Asset Pricing Model (CAPM) Exam Secrets Study Guide, Exams of Marketing Business-to-business (B2B)

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CAPM Exam Secrets Study Guide

A project is said to be temporary because: A. it has a short duration B. it has a definite beginning and end C. it has the potential to be a continuous and ongoing effort D. its project team outlives it. - B. it has a definite beginning and end Which of the following is NOT a characteristic of a project? A. Constrained by limited resources B. Creates unique product or services C. Ongoing and repetitive D. Planned, executed, and controlled - C. Ongoing and repetitive Project deliverables may be: A. overall quality B. the functional team C. agendas D. products or services. - D. products or services. _________ management ensures the project includes all the specified work required, and ONLY the specified work, which is necessary to successfully complete the project. A. Project B. Scope C. Control D. Risk - B. Scope In the scope statement, the project manager includes: A. Project objectives and deliverables B. Estimated project costs C. A detailed project phase schedule D. A project team directory for stakeholders. - A. Project objectives and deliverables During Collect Requirements, the project manager should consider A. how the scope activity will be managed B. The scope of the deliverables C. customer expectations D. Product scope. - C. customer expectations The project scope is defined as: A. the degree of stakeholder involvement

B. the work to be done C. plan creation D. the project's specified needs. - B. the work to be done What activities are involved in scope management? A. estimating B. executing C. defining D. all of the above - C. defining _______ states in detail what needs to be done. A. Project verification B. The project charter C. The project scope statement D. Work breakdown templates - C. The project scope statement In the context of the project, product scope refers to: A. the product characteristics B. the product functions C. required work to accomplish end deliverables D. all of the above. - D. all of the above. The project manager uses product and stakeholder analyses, expert judgment, and alternatives identification during the process of A. Collect Requirements B. Define Scope C. Validate Scope D. Create WBS - B. Define Scope Directing and managing project work is the integrative process that performs activities outlined in the A. WBS B. project scope statement C. project charter D. SOW. - B. project scope statement What is the project team doing when they examine the project and product requirements, and influences, and how those related influences will be managed? A. They are analyzing the project risks B. They are analyzing and understanding the project scope C. They are measuring the project and product status D. They are creating the project management plan - B. They are analyzing and understanding the project scope

What is an activity the project manager does when he/she attempts to manage a project's scope? A. Create a performance statement B. Collect requirements C. Estimate potential project risks D. Subdivide the major anticipated project deliverables. - B. Collect requirements The following are inputs to Define Scope: A. deliverables, recommended changes and corrective actions B. work performance information and reports C. the project charter, requirements documentation and organizational process assets D. organizational assets and updates. - C. the project charter, requirements documentation and organizational process assets A governance framework includes A. all of the below B. policies C. rules D. norms - A. all of the below Which of the following is NOT a type of PMO A. Formative B. Supportive C. Directive D. Controlling - A. Formative Matrix organizational structure types include all but A. parallel B. weak C. strong d. balanced - A. parallel Systems are A. linear in responsiveness B. dynamic C. static D. limited to programs - B. dynamic Enterprise Environmental Factors can be A. internal only B. external only C. both internal and external D. neither internal or external - C. both internal and external

Internal enterprise environmental factors include A. legal restrictions B. infrastructure C. academic research D. financial considerations - B. infrastructure Environmental characteristics to consider when adopting a leadership style include all except A. social situation B. work performed C. economic state D. political elements - B. work performed Project manager skills for being a leader include A. being optimistic B. being collaborative C. building trust D. all of the above - D. all of the above The project manager should be able to explain _________ of the organization A. strategy B. mission C. goals and objectives D. All of the above - D. All of the above Team member characteristics to consider when adopting a leadership style include all except A. finances B. attitudes C. moods D. needs - A. finances All of the following are characteristics of management except A. focus on the bottom line B. do things right C. innovate D. accept status quo - C. innovate Leadership characteristics include all except A. focus on the bottom line B. develop C. inspire trust D. focus on vision - A. focus on the bottom line

Leadership styles the project manager can use include all but A. Initiating B. Transactional C. Charismatic D. Interactional - A. Initiating Types of power include all except A. referent B. situational C. personal D. dynamic - D. dynamic Plan Quality Management tools include: A. Price of Quality B. Benchmarking C. Constraint Charts D. None of the above - B. Benchmarking It is the task of the project manager to identify which quality standards are relevant to the project and determine how to satisfy them during the ______ stage A. Performance Planning B. Performance of Quality C. Plan Quality Management D. Perform Quality Management - C. Plan Quality Management _______ is the degree to which a set of inherent characteristics fulfill requirements A. Grade B. Quality C. Integrity D. Par - B. Quality Project management processes are integrative, integrated, and defined according to Process Group. The project manager and team determine what processes from the process groups will be implemented to achieve the desired objective. The concept for the interaction among the project management processes is the _______ cycle. A. plan-act-evaluate B. plan-do-check-act C. initiate-plan-do-check D. initiate-plan-do-monitor-control-finish - B. plan-do-check-act Interpersonal and team skills used in developing the project management plan include all except A. stakeholder reviews B. conflict management

C. facilitation D. meeting management - A. stakeholder reviews It is important the team understands how to take the identified integrative information and use it to A. effectively schedule the work necessary to meet completion deadlines B. establish adequate funding C. develop a workable project management plan D. develop credible document reports and outputs. - C. develop a workable project management plan The Integration Management process includes A. developing the project charter B. developing the project management plan C. closing the project D. all of the above - D. all of the above Developing the project management plan A. provides a procedure for monitoring and controlling B. provides a format for managing the project C. documents necessary actions for subsidiary plans D. provides routines for executing the project and its phases. - C. documents necessary actions for subsidiary plans ________ involves planning and coordinating overlapping project processes, phases, and activities A. Scope management B. Time management C. Integration management D. Scheduling management - C. Integration management In terms of project management, what characterizes integration? A. Unification of processes to ensure timely project completion B. Clearly communicating objectives C. Consolidating actions to manage expectations D. All of the above - D. All of the above ______ is mainly concerned with effectively integrating project management process groups required to accomplish project objectives. A. Scope management B. Integration C. Execution D. Cost and budgeting - B. Integration The project manager uses integration management to A. forecast project success

B. document project progress C. decide the most effective resource allocation D. conduct audits - C. decide the most effective resource allocation Integrative activities the project management team performs include A. Planning B. creating the WBS C. Deciding the project scope D. perform change control - D. perform change control What is the first process the project integration management team performs? A. Develop the project charter B. Develop the project scope C. Develop the project management plan D. Direct project management. - A. Develop the project charter Trends in project integration management include all except A. use of automated tools B. delegating project manager responsibilities C. use of visual management tools D. expanding project manager responsibilities - B. delegating project manager responsibilities "Inspection" is an activity used in A. processing the project management plan B. updating work breakdown C. validate scope D. define scope. - C. validate scope How often during a project do schedule management processes occur? A. Seldom B. At the discretion of the project manager, time permitting C. Once during projects that have project phases D. Each process = 1+ times in every project and 1+ times in one or more project phases. - D. Each process = 1+ times in every project and 1+ times in one or more project phases. Project ______ is the process of completing the project in a timely manner and on time. A. Schedule management B. Control C. Schedule control D. Sequencing - A. Schedule management Work involved in performing project schedule management processes is preceded by _______ by the project management team.

A. planning done B. a feasibility study performed C. the project start- and end-dates being established D. stakeholder meetings held - A. planning done Develop schedule tools include: A. critical diagram method B. chain path method C. resource leveling D. all of the above - C. resource leveling What prior output does the project manager use to define project schedule activities? A. Lessons learned B. PMIS C. Scope baseline D. All of the above - D. All of the above Estimating the number of work periods that will be necessary to complete individual activities is: A. activity time and resource allocation B. activity sequencing C. activity duration estimating D. none of the above. - C. activity duration estimating What internal assets and enterprise environmental factors are used to define the schedule activities? A. The risk register and resource availability B. A scheduling methodology and the PMIS C. Work performance reports and resource availability D. Decomposition and resource availability. - B. A scheduling methodology and the PMIS Project _______ documented in the project scope statement can limit the project management team's schedule milestones and other options A. assumptions B. deliverables C. constraints D. dependencies -