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CAPM Exam Practice Questions
Business Analysis correct answer this part of the project team focuses on requirements Project Management correct answer this part of the project team focuses on solution delivery Network diagram correct answer A high-priority construction project is already in the planning phase. The project team is developing a graphic representation of the logical relationships among the project schedule activities. What is being developed? Weak matrix correct answer A project manager works in an organization where they share power with a functional manager. This project manager has reasonable authority, manages a part-time project team, serves full-time as a project manager, and has part-time administrative staff to help expedite the project. What type of organization is this project manager working in? Business Analyst correct answer Which key role is responsible for developing a product roadmap? Business goals and objectives and required capabilities and features correct answer The product roadmap is dependent upon two key inputs, what are they? Return on Investment correct answer the benefit of an investment divided by the cost of the investment, this is expressed as a percentage Cost-benefit analysis correct answer this uses ratio analysis to determine the overall value of a project Trigger correct answer The project team completed the risk register and assigned capable risk owners to manage and monitor each risk. A risk owner has identified events that indicate a high-impact risk will occur. Which term best describes this indicator?
Iterative project correct answer project that has high degree of change but low frequency of delivery Incremental project correct answer project that has low degree of change but high frequency of delivery Cost and schedule correct answer An Agile project manager is considering how best to plan the launch of a new electronics product. What constraints will be fixed throughout the launch? Use case correct answer an analysis model that describes a flow of actor and system interactions and boundaries Context Diagram correct answer visual depiction of product scope shows a business system and how people and other systems interact Organizational Project Management & System for value delivery correct answer a project can be part of a program, which, in turn, can be part of a portfolio, what are these interconnected structures known as? Product management can initiate programs or projects at any point in the product life cycle correct answer A new project manager works closely with product managers on a daily basis. Product managers are continually brainstorming ideas for new products and services. What impact does the product manager's role have on the project manager? Facilitated Workshop correct answer Hitomi is bringing together a carefully selected group of stakeholders to collaborate, explore, and evaluate product requirements. This meeting will be structured and managed to determine how best to achieve several objectives. Which elicitation tool and technique is Hitmoi using? Conflict Management correct answer A project encountered several critical issues that all have the potential to impact the achievement of user story acceptance criteria. Which issue should the agile project manager address first as the priority?
Develop an overall strategy correct answer Meetings are an essential activity used to manage communication. Which meeting management action is most essential to ensure that time spent in meetings is both efficient and effective? Predictive lifecycle correct answer which lifecycle has few deliveries and minimal change? Incremental lifecycle correct answer which lifecycle has frequent deliveries and minimal change? Iterative lifecycle correct answer which lifecycle has few deliveries and frequent change? Agile lifecycle correct answer which lifecycle has frequent deliveries and frequent change? Responsibility Assignment Matrix correct answer type of resource planning: cross references team members and tasks with the assigned work package Organizational Breakdown Structure correct answer type of resource planning: illustrates the relationship to project activities and the divisions or departments that will perform them RACI Chart correct answer type of resource planning: designates the roles and responsibilities of designators to stakeholders at the project level Resource Breakdown Structure correct answer type of resource planning: hierarchical representation of resources by category and type Resource Management Plan correct answer type of resource planning: describes how resources are acquired, allocated, monitored, and controlled Work Packages correct answer what is documented at the lowest level of the WBS?
Project had many problems, and business need is being reevaluated and new project or business need defined correct answer An organization completed strategic planning, and portfolio implementation is now underway. There are some projects that require entry into the initiation phase or process group. What are two reasons why a project should enter the initiating phase? Change ground rules and use regularly scheduled short meetings correct answer It is important to tailor stakeholder engagement techniques to meet the needs of either an adaptive or predictive project. Which two methods are used to tailor stakeholder engagement techniques to an adaptive project? Process Flow correct answer business analysis tool/technique that visually shows steps taken by human users as they interact with a system or solution Complexity correct answer The team is reviewing a number of new user stories to add to the product backlog to support the upcoming launch of a new product. The team is assigning story points to each user story. Which is the primary method for analyzing user stories and assigning story points/ Ensure Return on Investment correct answer What is the primary reason for taking the time to determine the minimum viable product for each iteration? Actively Consult correct answer stakeholders with high power but low interest Regularly Engage correct answer stakeholders with high power and high interest Keep informed correct answer stakeholders with low power but high interest Maintain interest correct answer stakeholders with low power and low interest
responded well. This project was the first of many automation projects that the firm will undertake. What should this project team do to help future project managers? Strong Matrix correct answer A project manager works in an organization where project management is highly valued, and project managers have significant authority and resources dedicated to their projects. This project manager has full-time project team members who report directly to them, dedicated project budgets, and strong support from upper management. What type of organization is this project manager working in? Balanced Matrix correct answer A project manager works in an organization where there is a balance of power between functional managers and project managers. Project managers have moderate authority and resources, and they share power with functional managers. This project manager has a mix of full-time and part-time project team members, a moderate project budget, and support from both upper management and functional managers. What type of organization is this project manager working in? Risk exposure correct answer Eliminating the functionality gaps in a new product is critical to the success of a project. There is a high degree of executive focus on this project. The project sponsor has requested a report showing a critical project's overall risk scores over the last three months. What concept is the sponsor concerned with? develop project charter correct answer What is done in the Project Integration Management initiating process group? (1) develop project management plan correct answer What is done in the Project Integration Management planning process group? (1) direct & manage project work and manage project knowledge correct answer What is done in the Project Integration Management executing process group? (2) monitor & control project work and perform integrated change control correct answer What is done in the Project Integration Management monitoring & controlling process group? (2)
close project or phase correct answer What is done in the Project Integration Management closing process group? (1) plan scope management, collect requirements, define scope, and create WBS correct answer What is done in the Project Scope Management planning process group? (4) validate scope and control scope correct answer What is done in the Project Scope Management monitoring & controlling process group? (2) plan schedule management, define activities, sequence activities, estimate activity durations, and develop schedule correct answer What is done in the Project Schedule Management planning process group? (5) control schedule correct answer What is done the Project Schedule Management monitoring & controlling process group? (1) plan cost management, estimate costs, and determine budget correct answer What is done in the Project Cost Management planning process group? (3) control costs correct answer What is done in the Project Cost Management monitoring & controlling process group? (1) plan quality management correct answer What is done in the Project Quality Management planning process group? (1) manage quality correct answer What is done in the Project Quality Management executing process group? (1) control quality correct answer What is done in the Project Quality Management monitoring & controlling process group? (1)
conduct procurements correct answer What is done in the Project Procurement Management executing process group? (1) control procurements correct answer What is done in the Project Procurement Management monitoring & controlling process group? (1) identify stakeholders correct answer What is done in the Project Stakeholder Management initiating process group? (1) plan stakeholder engagement correct answer What is done in the Project Stakeholder Management planning process group? (1) manage stakeholder engagement correct answer What is done in the Project Stakeholder Management executing process group? monitor stakeholder engagement correct answer What is done in the Project Stakeholder Management monitoring & controlling process group? (1) initiating process group correct answer What process group are key stakeholders identified? initiating process group correct answer What process group is the project charter developed? initiating process group correct answer What process group is the stakeholder register created? planning process group correct answer What process group are resources identified? planning process group correct answer What process group is the project schedule created?
planning process group correct answer What process group is the scope solidified? planning process group correct answer What process group are costs identified and the budget is created? planning process group correct answer What process group are the scope, requirements, schedule, cost, quality, resource, communications, risk, & procurement management plans and stakeholder engagement plan created? executing process group correct answer What process group are project plans executed by following the scheduled activities? executing process group correct answer What process group is the project team managed? executing process group correct answer What process group are communications managed? executing process group correct answer What process group are purchases/procurements made if needed? executing process group correct answer What process group are resources made available? executing process group correct answer What process group involves product documentation? executing process group correct answer What process group quality control measurements performed? executing process group correct answer What process group involves updates to the project plan?
monitoring & controlling process group correct answer What process group involves creating issue logs? closing process group correct answer What process group involves storing documents? closing process group correct answer What process group involves collecting final invoices? closing process group correct answer What process group has a finalized budget and allocated costs? closing process group correct answer What process group are lessons learned conducted? closing process group correct answer What process group is the closeout report written? Project correct answer - a temporary endeavor undertaken to create a unique product, service, or result
- accomplish unique special objectives within a specified timeframe Program correct answer - group of related projects, subsidiary programs, and program activities
- coordinated to achieve benefits that wouldn't be possible if done individually
- a collection of related projects Portfolio correct answer - projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives
- a collection of related programs
- a collection of related projects Operations Management correct answer - ongoing activities
- "business as usual"
- repetitive, permanent, semi-permanent
- keep the ship running
- day-to-day activities Project Management correct answer - works on a project level
- manages resources only within the project
- success means delivering projects on time, on budget, and to specification Program Management correct answer - oversees related projects
- coordinates and schedules resources among all projects within the program to ensure all projects have what they need when they need it, even when multiple projects require the same resources
- success means all projects within a portfolio are successfully executed Portfolio Management correct answer - evaluates projects and programs for strategic value
- prioritizes projects and programs based on ROI, weighing the costs of the resources required against the anticipated value that the projects and programs will deliver
- success means completed projects and programs deliver or exceed their anticipated value proposition Business plan, product scope description, and strategic plan correct answer A project statement of work typically contains: Project Scope correct answer a detailed description of a project or process to be delivered is called Project Management Plan correct answer the primary source of information for the planning, execution, monitoring & controlling, and closing of the project is
Manager correct answer this is the person who "pushes" Leader correct answer this is the person who "pulls" give work direction, systems and structures key, direct activities, ensure policies are enforced, track progress correct answer Management involves (5) give work vision, relationships key, influence activities, inspire & motivate, guide & enable, model behavior correct answer Leadership involves (6) Project Integration Management correct answer making sure project elements work together investment reason, go/no-go decision, high level objectives, goals of doing project, basis for future comparison correct answer What is in the business case? (5) project "what, how, when", contract to do business, greater detailed plan, initial scope baseline, established authority correct answer What is the project charter? (5) scope, schedule resources correct answer What makes up the iron triangle? quality correct answer What's on the inside of the iron triangle? Project Scope Management correct answer define and control the area in which the project will operate Product Scope correct answer the features and functions that characterize a product, service, or result
Project Scope correct answer the work performed to deliver a product, service, or result, with the specified features and functions Plan Scope Management correct answer sets policy on how requirements and outcomes are defined and managed Collect Requirements correct answer establish stakeholder requirements for project success Affinity Diagrams correct answer data representation tool that involves grouping by basic relationship with one another Mind Mapping correct answer data representation tool that gives a hierarchical whole picture view or central concept Define Scope correct answer setting the requirements for execution, verification, and delivery Validate scope correct answer alignment and acceptance between scope and deliverables Control Scope correct answer keeping change requests and requirements on course Project Schedule Management correct answer balance the schedule to meet the needs of the scope and resources Plan Schedule Management correct answer sets policy on how the project schedule will be managed throughout the project Define activities correct answer laying out steps for your plan of attack Sequence activities correct answer arranging and reacting to activity relationships
- start and finish dates are adjusted only by float
- critical path stays the same Control Schedule correct answer - managing the schedule chaos
- adjusting and assisting as necessary
- knocking down roadblocks Plan Cost Management correct answer game plan on how costs will be handled Estimate Costs correct answer using the appropriate measuring tool to estimate costs for the work (optimistic + (4)Most Likely + pessimistic) / 6 correct answer what is the three point beta estimating formula? Determine budget correct answer - gathers costs to establish the authorized spend
- sets the goal point for financial performance Control Costs correct answer reconciling and keeping your project costs on target with the baseline Cost Management Plan correct answer how costs will be managed and controlled 1500 correct answer Planned Value example: You know from previous projects and work that your team can add 100 feet per day at $1 value each foot installing electrical wire. How much value would you have planned in 3 weeks assuming a 5 day work week?
1125 correct answer Earned Value example: As of today, you planned to have 1500 feet of electrical wire laid at $1 value per foot. However, due to some employees being sick only 75% of the work you had planned has been completed. -375 correct answer Schedule Variance Example: As of today, you would have expected $ worth of work to be completed. However, only $1125 worth has been done. -75 correct answer Cost Variance Example: Due to a recent price increase in the cost of electrical wire, costs have risen recently. You were able to get $1125 worth done, but it actually cost you $1200 to get it done. -10,000 correct answer Variance at Completion Example: You are given a total budget of $100,000 to complete all the wiring in an office building. Given the current cost rates that you have been experiencing, you estimate it will actually cost $110,000 to complete the project. 0.75 correct answer Schedule Performance Index Example: As of today, you would have expected $1500 worth of work to be completed. However, only $1125 worth has been done. 0.94 correct answer Cost Performance Index Example: Due to a recent price increase in the cost of electrical wire, costs have risen recently. You were able to get $1125 worth done, but it actually cost you $1200 to get it done. 1,200,000 correct answer Trend Analysis - EAC Example: Due to a recent price increase in the cost of electrical wire, costs have rose mid-project. You are working on the project now and have earned $500,000 value so far with an actual cost of $600,000. Your original budget was expected to be $1,000,000. What will be your estimate at completion now? 600,000 correct answer Trend Analysis - ETC Example: Due to a price increase in the cost of electrical wire, costs have rose mid-project. You are working on the project now and have earned $500,000 value so far with an actual cost of $600,000. Your original budget was expected to be $1,000,000. What will be your estimate to complete now?
