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CAPM Exam 2
Your organization has tasked you with business development. Specifically, they'd like to bid on government-based contracts. Where will you likely find information on government contracts that your organization could bid on? correct answer Newspapers You are trying to determine if you should make or buy a piece of software. If you create the software, it'll cost your organization $45,000 to create and $3,400 each month to support it. A vendor, however, can create the software for $12,000 and will charge you .17 per transaction, per month. According to your calculations, you'll have 31,400 transactions each month. What should you do? correct answer Hire the vendor if the software will be replaced within 17 months You are the project manager of a construction project for a new client. The client has asked that you include an outdoor deck as part of the project - something your company doesn't normally do, but you agree to take on this project component using a contractor to build the seating deck. For this portion of the project you would like to use a time and materials contract. What must this contract type have? correct answer Not-to-exceed clause You are the project manager of the Home Automation Project. You are uncertain what the fee will be for wiring the home with bundled cable so you hire a vendor to examine the home and create an estimate for the SOW you've prepared. You'll use this estimate from the vendor to measure all other estimates from vendors that want to bid on the installation of the bundled cable. What is this estimate called? correct answer Should-cost estimate You have invited seven vendors to create proposals for a portion of your project work. As part of the invitation, however, the vendor must have a mechanical engineer on their project team or they cannot offer a proposal. The mechanical engineer requirement is an example of which one of the following? correct answer Screening System Management would like you, the project manager, to create a chart showing when resources will be utilized on your project. What chart is management asking you to create? correct answer Resource Histogram
You are the project manager in a projectized organization. You believe in the Expectancy Theory. Which one of the following mechanisms will promote and reinforce desired behavior from your project team? correct answer Rewards A project team comprised of people that spend little or no time meeting face to face is known as what? correct answer Virtual Project Team You are a project manager consultant for a new project that will utilize a virtual team. Virtual teams make all of the following possible except for which one? correct answer Reduce amount of time dedicated to meetings and communications You are the project manager of the KHY Project. This project involves 45 project team members from across your matrix-structured organization and will last for 18 months. You have requested a central meeting room for communications, project information, testing equipment, and other project-related activities. This room is called what? correct answer War Room You are a Project Manager for your organization. Your project has a BAC of $400,000 and is expected to last one year. The project work is scheduled to be completed in equal amounts each month. Currently the project is in month three but is only 20 percent complete. You have spent $35,000 to complete the work. What is the earned value for this project? correct answer $ You are a Project Manager for your organization. Your project has a BAC of $400,000 and is expected to last one year. The project work is scheduled to be completed in equal amounts each month. Currently the project is in month three but is only 20 percent complete. You have spent $35,000 to complete the work. What is the planned value for this project? correct answer 100000 You are a Project Manager for your organization. Your project has a BAC of $250,000 and is expected to last ten months. Currently the project is in month six and is 40 percent complete, but the project was expected to be sixty percent complete by this time. You have spent $125,000 to complete the work. What is the Cost Performance Index of the project? correct answer 0.
Management has compared your project to a similar project that's just been completed in your organization. This finished project was deemed successful. This is benchmarking. What is the goal of this comparison? correct answer To provide a basis by which management may measure performance of the project In the early stages of a project this event is easy to accept. Later in the project it is difficult to accept. What is the event? correct answer Change You are the project manager of the NHB Project. You've just learned that the cost of materials will increase by ten percent due to a hurricane in the Gulf Coast. You would like to update the cost baseline to reflect these unanticipated changes. Which one of the following is the best component to manage these cost changes? correct answer Integrated Change Control Charles, the carpenter for the XHG project, has made a change to the wood floor he's installing. He decided that the floor should be installed at an angle because of a doorway in the living room. You inspect the installed wood floor and agree with his decision. This is an example of which one of the following? correct answer Ineffective Change Control You are the project manager for your organization and you're working with the project team to define the change control system. You want to capture the correct information when changes are presented and analyzed for your project. Which one of the following must be completed for each change that is proposed for a project? correct answer The change must be reviewed for any associated risks You are the project manager of a software development project. In this project you will approve or decline proposed changes before they are incorporated into the project plan. You have recently approved a change that will increase the project's costs. What must you do next? correct answer Change the project's cost baseline to reflect the added change A vendor has proposed a change to the work you've contracted them to do for your project. The vendor says it is because of the hardware installed on your company's server. Your hardware technician says this is not true, that the hardware installation is accurate and there is no need for the change. What should you do with the proposed change? correct answer Add the change request to the project's change control system for consideration
You are the project manager for an organization completing a project for your customer. Your boss approaches you and asks that you add a few features to the deliverable your project team is creating as part of the project. What should you do next? correct answer Ask the customer if they would like the features as part of the deliverable Your functional manager asks you to add features to the project scope to consume the remaining dollars in the project budget. This is an example of which one of the following? correct answer Gold Plating You are the project manager of a project that has preset budget and must be completed within six months. You've completed the first phase of your project. The stakeholder, however, wants to know why one of the changes you and he discussed was not implemented into the deliverable. During the original conversation about the change the stakeholder wanted to perform a cost-benefits analysis, which he reported the results of to you. What's your response? correct answer The change request was never documented for the change control system Your project just got cancelled. You were nearly 60 percent done. What should happen next? correct answer Complete scope validation Marci wants to know the difference between scope validation and quality control. What's the difference? correct answer QC is concerned with the correctness of the deliverables, while scope validation is concerned with the acceptance of the project deliverables. You are the project manager of the NHG Project. Your project is to create 8,453 custom doorknobs for a hotel. Your project team has completed the work, the customer has agreed to the project deliverables, and has signed off on the project work. The customer, however, asks you to drop off the doorknobs to the next project team that will install the work. You agree to do this. When you deliver the doorknobs to the next project team their project manager asks when your team will arrive to help install the doorknobs. What should you do? correct answer Nothing. The project is done
As a PMP candidate you should recognize the different methods an organization can use to select projects. Benefits comparison is the most common approach to select projects, but constrained optimization more specialized approach to project selection, is also used by organizations. Which one of the following is an example of constrained optimization? correct answer Linear Programming You are the project manager for the creation of a new warehouse in Knoxville, Tennessee. You and the project team are creating the scope statement and are evaluating the function, purpose, and activities that will take place within the warehouse to help the project customer gather all of the requirements for the scope. This process is an example of which one of the following? correct answer Product Analysis You are working with your project team to create the project scope for a web-based application to gather information on clients. Henry says the web-application can be created with JAVA programming. Marsha agrees, but insists the application can also be created with ASP technology. This is an example of which one of the following? correct answer Alternative Identification During scope definition Robert, the CEO and stakeholder, demands that the project obtain customer satisfaction to be successful. What is the danger in this request? correct answer Customer satisfaction is not quantifiable Jerry is the project manager of the NHQ Project for his company. He's working with the project sponsor to define the high-level scope statement of the project. The project scope statement defines many things, including all of the following except for which one? correct answer Lessons Learned Beth is a project manager for her organization and she's just been assigned a new project. This project has a deadline of May 15 and budget of $250,000. A project with a budget that must not exceed $250,000 is an example of which one of the following? correct answer Constraint Stephen is the project manager of a construction project. He has written into his project plan that the project work be completed during the summer months because the weather is
typically better for construction than in winter months. This decision is an example of which one of the following? correct answer Assumption You and the project sponsor are working together to create a project scope statement. The project sponsor has concerns about the demand for safety for the electrical requirements for the project work. The concerns about safety should be documented as which one of the following? correct answer Initial Risk A change has been proposed to the project scope. You have routed the change through the Change Control System as planned. You need to examine cost, time, quality, human resources, communications, risks, and procurement when examining the proposed change. Your manager wants to know why all of these areas must be examined. In regard to the proposed change, what are you doing by examining each project area? correct answer Integrated Change Control The configuration management system accomplishes all of the following except for which one? correct answer Provides a method for project management processes to be removed or added to the project You are the project manager of a new home construction project. You are inspecting the home as part of quality control. You've noticed faulty work during one of your quality control inspections. What is needed? correct answer recommended defect repair for the incorrect work A project manager is completing a project to build a new condo. He needs to confirm that any field drawings by the architect match the office drawings that will go into the project archives. Which project management system ensures that changes to the project scope and the product scope are thoroughly considered and documented? correct answer Configuration Management System Not all risks are negative and some negative risks are worth accepting into the project based on the impact, the possible outcomes, and the perceived benefits the risk may bring. What terms describes a person's or organization's willingness to accept risk? correct answer Utility Function
management planning increases the probability of success for the other risk management processes Management has asked you, the project manager of the KJU Project, to provide an estimate of the project costs. Their decision to move forward with the project will be based on your initial estimate. You have just started the project so what estimate type will you likely provide? correct answer Rough order of Magnitude You are hiring another organization to complete a project for your organization. Which document would include information about performance reporting requirements, operation transfer issues, and post-project support of the deliverable? correct answer Statement of Work You have created the project schedule and management has asked to review the schedule. They have concerns that your labor estimates may be too aggressive. If management recommends resource leveling what will likely happen to your project schedule? correct answer The project duration will increase While it's not a project initiation activity, most projects can benefit from a project kickoff meeting. What's the goal of the project kick-of meeting? correct answer It allows the project manager to gain commitment from the project team and key stakeholders for the project All of the following are desired outcomes of the project kick-off meeting except for which one? correct answer Allow the project team to voice concerns and objections about the project scope All of the following statements are false about the project kick-off meeting except for which one? correct answer The project kick-off is a team-building exercise Management has asked you to create a project kickoff meeting for the GHB Project. When should the project kick-off meeting happen? correct answer When management has approved the initial project plan
Your organization is partnering with a competing firm in order to complete a large construction project. You will serve as the project manager in this partnership. What is this relationship called? correct answer Teaming agreement All of the following are accomplished during the project kick-off meeting except for which one? correct answer Project risks are examined You are the project manager of the HHA Project for your company. Management has asked you to present your approach to project execution. Which of the following defines how the project is executed? correct answer The project management plan While project management planning is essential, planning cannot continue indefinitely. At some point the project management team must move into project execution. All of the following actions are required to execute the project management plan except for which one? correct answer Interact with other project managers You are the project manager of the NGBB Project. Your project team has failed to complete the work as the project management plan demanded. What action will the project team now have to do with your guidance? correct answer Defect Repair Harry is the project manager of the HQQ Project and management has asked Harry to report on the project execution and its outcomes. All of the following are not outputs of project execution except for which one? correct answer Change Requests You are the project manager of a large project to install 10,000 fixtures across a campus. You project team has been late on their assigned work and you fear the project will be late. Which one of the following provides forecasting for the project? correct answer Estimate at completion You fear that your project team is bloating their time estimates for their assigned activities. What law addresses bloated estimates? correct answer Parkinson's Law
Betsy is the project manager of the JGB Project for her organization. She would like to solicit seven vendors for a price to supply 1,000 fixtures for her project. What type of a document would Betsy issue to the vendors in this scenario? correct answer Request for Quote Your organization needs to procure training classes. There are many training companies that you can hire, but you prefer to work with one particular vendor. This is an example of which market condition? correct answer Single Source You have implemented some corrective action. Where should the supporting detail of your corrective action decision be documented? correct answer Lessons Learned As the project manager you are required to ensure that the lessons learned documentation is complete and up-to-date. What is the point of the lessons learned documentation? correct answer Allows other project managers to learn from this project You are the project manager of the LKJ Project. Your project is nearly complete and you are beginning to organize your project records for archiving. Which of the following should not be included in your project archives? correct answer Interactions with other project managers You have created a newsletter for your company that provides monthly information on PMP certification, project management methodologies, and how your company is implementing project management. This is an example of which one of the following? correct answer Contributing to the knowledge base You are the project manager for your organization. Your manager has asked you to mentor Todd in your project management methodologies. For Todd, your mentoring is an example of which one of the following? correct answer Enhancing individual competence You are the project manager for your organization and have recently completed a large public project. The local PMI Chapter invites you to speak on this project and your company agrees that should speak. You volunteer at local PMI Chapter to speak on the project closure in order to obtain your needed Professional Development Units to maintain your PMP. This is an
example of which one of the following? correct answer Contributing to the project management knowledge base You are a new project manager for your organization. Your company does not have the resources to send you to a project management training class at this time. Which one of the following is not a method you could use to enhance your individual competence until you can complete formal training? correct answer Do nothing. You cannot enhance your competence without formal training. You are a project manager of a project that has a very high priority within your organization. This project will include all areas of the organization and its success is linked to the profitability of the organization for years to come. Within this project there are some high risks that must be managed and monitored. You feel that your biggest weakness within project management is risk management. Which of the following is the best method to strengthen your risk management practices? correct answer Attend a risk-management seminar Bob is a project manager for his company and he's never worked with the technology his new project will include. To better manage the project, he has taken several classes in the technology the project deals with. This is an example of which one of the following? correct answer Enhancing individual competence You must identify and perform stakeholder analysis. Key project stakeholders always include all of the following except for which one? correct answer Vendor Sarah, the CIO, wants to know why you have requested so many meetings with the users of the software your project is creating. While she acknowledges that the users are stakeholders she doesn't understand why you believe these stakeholders should be involved so much during the initiation phase of the project. Why should the stakeholders be involved now? correct answer Involving the customers and other stakeholders is part of stakeholder engagement Eric is the project manager for his organization and he's been working on drafting the project charter. Beth Ann, a project team member, asks why Eric needs to create the charter at all if everyone already knows this project is going to happen. What is the purpose of the project charter? correct answer It authorizes the project
