CAPM Practice 215 Questions with Verified Answers,100% CORRECT, Exams of Business Economics

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CAPM Practice 215 Questions with Verified Answers

John is a project manager for a newly formed project team. The project team has worked hard for last 4 months and has taken very few leaves. John wants to motivate the team members by informing them that he can give a couple of paid leaves if they complete the Phase-1 deliverables on time. Which theory is applied by John to achieve the result? a) Achievement Theory b) Theory Y c) Expectancy Theory d) Contingency Theory - CORRECT ANSWER c) Expectancy Theory (Achievement theory is based on performance to be associated with a group or get recognition for your work. Expectancy Theory is used to perform a work based on certain expectations such as monetary reward, vacations etc. Theory Y is based on the mindset of the manager that employees come to work motivated and want to wok. Contingency Theory is based on primarily 2 principles: task oriented managers and relationship oriented manager. Hence, Choice - C is the correct answer.) Your have submitted your product to be tested by the end user for acceptance testing. The end user requested for new change and the change will not impact the project schedule. What should you do? a) Reject the change as it has for final testing b) Assess the change to see its validity c) Submit the change as a change request d) Inform that it is scope creep and hence can not be added - CORRECT ANSWER b) Asses the change to see its validity (Any time a request changes come into the project at any stage, it must be assessed against the triple constraint of the project. Based on its validity, it will be submitted as a change requests and then incorporated into the product. Hence, Choice- B is the best answer.) Resource Breakdown structure is prepared in which of process?

a) Estimate Activity Durations b) Estimate Activity Resources c) Plan Resource Management d) Develop Project Management Plan - CORRECT ANSWER b) Estimate Activity Resources (The resource breakdown structure is defined in the Estimate Activity Resources process) Your organization, which specializes in providing auto components, has awarded an outsourcing contract to a 3rd party. The outsourcing company will provide certain specialized components. In the contract, it is mentioned that your organization will pay for equipment and their time for assembling into the main auto components of yours. In such a contract, who shares the most risk? a) Your Organization b) The Outsourcing Company c) Both share the risk equally d) As such there is no risk involved - CORRECT ANSWER a) Your Organization (Clearly, it is Time and Material contract. In such a contract, the buying company, i.e., your organization will have the most risk. Hence, Choice - A is the correct answer) Value engineering concept is defined as: a) The internal rate of return of the project b) Finding the overall cost of the project and the profit from it c) Determining the physical and material resources needed for the project d) Getting value at every possible aspect of the project such as improving quality, shortening schedule, reducing cost, etc. - CORRECT ANSWER d) Getting value at every possible aspect of the project such as improving quality, shortening schedule, reducing cost, etc. Gerry is a certified CAPM professional and is a member of PMO in his organization. The PMO selects the project that will be initiated and executed by the organization. Gerry can use any of the following techniques to initiate a project EXCEPT: a) expert judgement

b) earned value management c) project selection methods d) project management methodology - CORRECT ANSWER b) earned value management (Earned Value Management Technique is used only when the project is getting executed. It is done after a base-lining has been done on the project. Hence, Choice - B is the best one.) Accepted Deliverables is an output of which process? a) Validate Scope b) Control Quality c) Manage Quality d) Control Scope - CORRECT ANSWER a) Validate Scope The lowest level defined in a WBS is for: a) For the Sub-phases b) For the Deliverables c) For the Activities d) For the Work Packages - CORRECT ANSWER d) For the Work Packages Your project is going on satisfactorily. One of your team members, who is very good technically, proposes to add a new feature into the project which will make the customer very happy. You also realized that the customer will acknowledge the new value addition. However, you found out that it is not defined in the project scope. What should be NEXT best course of action? a) Assign the team member to the new feature and ask her to complete b) Have a discussion with the customer to add the new feature c) Stick to scope planned originally and work as scheduled d) Seek advice from the Senior Management - CORRECT ANSWER c) Stick to scope planned originally and work as scheduled (As per PMI-CAMP, gold plating, i.e., doing more work than planned is never supported. Hence Choice - C is the best answer) A statement of work differs from the Contract in a way that:

a) Statement of work is a type of contract where Contract is the actual one b) Statement of work is description of the part of the product to be obtained outside whereas Contract is not c) Statement of work is necessary for every project, whereas Contract is not d) Contract is necessary for every project, whereas Statement of Work is not - CORRECT ANSWER b) Statement of work is description of the part of the product to be obtained outside whereas Contract is not (A Statement of work is a description of the part of a product to be obtained from an outside vendor. Hence, Choice - B is the correct answer.) Work Performance Information is used for all the following reasons EXCEPT: a) It shows what cost has been incurred so far b) It shows the resource utilization for the work concerned c) It shows information on the activities started and ended d) It shows the defects that have been found - CORRECT ANSWER d) It shows the defects that have been found (Work Performance information shows various information such as cost, resource utilization, time spent on activities etc. But, it does not inform defects found. Hence, Choice - D is correct. Mark the word EXCEPT in the question.) A project charter should ALWAYS include which information? a) Enterprise Environment Factors b) Complete Budget of the Project c) Complete Scope of the Project d) The underlying business need of the Project - CORRECT ANSWER d) The underlying business need of the Project (A project charter has initial information on the scope and budget of the project. However, it must inform about the underlying business need of the project.) Two of the following knowledge area processes are closely linked and performed at the same time. What are they? a) Acquire Project Team and Estimate Costs b) Defined Scope and Estimate Costs c) Control Quality and Validate Scope

d) Develop Project Charter and Plan Procurement - CORRECT ANSWER c) Control Quality and Validate Scope (Control Quality and Validate Scope can happen together. However, scope verification is done mostly after the quality control has been performed. The primary outcome from quality control is validated deliverables and from that of scope verification is accepted deliverables. Hence, Choice - C is the correct answer) Elena moved from one of the business units of your organization into a new business unit. However, due to financial constraints the project she has been assigned will be closed. What should be Elena's FIRST action? a) Enter project closure process b) Enter contract closure process c) Obtain a written document from the project sponsor regarding the termination d) Leve the project and join a new company - CORRECT ANSWER a) Enter project closure process (Contract closure can not be discussed as it is not known whether the project is performed for a customer or within the organization. A written document from the sponsor is unnecessary to be requested by the project manager. Leaving the company is an unethical choice. Hence, Choice - A is the best answer.) PMBOK defines 5 process groups. In which process group a Project Manager is assigned? a) Initiating b) Planning c) Executing d) Monitoring and Controlling - CORRECT ANSWER a) initiating Erin as the project manager has created the Work Breakdown Structure (WBS) and has divided them into work package level. However, for some of the deliverables, the final output is not clear and their cost and time could not be initially estimated. What is the next best step? a) Any way assign them a WBS code and put them as a work package level which will be broken down later b) Do not add them into the WBS as it has not been clearly defined

c) Call a meeting with the concerned stakeholders to get more clarity d) Add them as Control Accounts in the WBS which can be later on defined and planned - CORRECT ANSWER c) Call a meeting with the concerned stakeholders to get more clarity (The best next step is to discuss with relevant stakeholders, seek clarifications and then continue with the WBS development.) As the member of the PMO, you have been asked to select a project to be taken up for execution by your organization. You are checking the payback period of the projects and you found out the following data. Which project should you choose? a) Project with payback period of 184 days b) Project with payback period of 32 weeks c) Project with payback period of 1 year d) Project with payback period of 5 months - CORRECT ANSWER d) Project with payback period of 5 months (A project should be selected with the least payback period) Yoshida joined as a manager at a new project. A number of changes happened while he was going through the transition into the role of project manager. He reviewed the changes to the scope for the project. However, he is unsure of where to find information regarding its approval? Who can help Yoshida the most? a) Sponsor for the Product b) The Project Team Members c) Project Scope Management Plan d) Customer of the Project - CORRECT ANSWER c) Project Scope Management Plan (The role of sponsor is to provide funding for the project. The customer is one of the most important stakeholders who want the delivery of the product. Team members may not be aware of the approval process. Only in Project Scope Management Plan, the information regarding approval is found. Hence Choice - C is the best answer) Which of the followings can not be an input to Define Activities? a) Enterprise Environmental Factors b) Organizational Process Assets

c) Requested Changes d) Work Breakdown Structure - CORRECT ANSWER c) Requested Changes (The trick is to remember that Request Changes are outputs and inputs normally for knowledge area processes in Executing and Monitoring and Controlling Process Groups. Define Activities is in planning process group, hence, it can not be an input. Choice - C is the best answer.) One of your team members is not openly communicative, though he is technically one of the star performers. He has been assigned one of the tasks which is on critical path of the project. You overheard a communication of the team member with another person regarding the delay in the completion of the activity assigned to him. You realized that the delay in that activity will result in a significant delay in your project. What should be your NEXT best course of action? a) Perform a schedule compression technique so that the activity is on track b) Try to apply a fast-tracking technique so that activity is on track c) Inform the team member that you have overheard the conversation and find out a solution with him d) Assign a different resource to the work - CORRECT ANSWER c) Inform the team member that you have overheard the conversation and find out a solution with him (A project manager should directly confront the situation whenever possible.) Perform Integrated Change Control process falls under which process group? a) Planning Process Group b) Executing Process Group c) Monitoring and Controlling Process Group d) Close Process Group - CORRECT ANSWER c) Monitoring and Controlling Process Group (Perform Integrated Change Control under Integration Management Knowledge area falls under M & C process group. And the other one is Monitor and Control Project Work.) Larry has been assigned as a project manager in a high-end consulting project during the integration phase. He has been poured with a number of change requests and is having difficulty on prioritizing them. You are one of the colleagues of Larry and wanted to help him. What should you advise Larry about project integration?

a) A project manager should spend most of his time in communicating with team members b) A project manager should make key decisions about the resource allocation so that right kind of change requests are assigned to right kind of people c) A project manager should minimize the team conflict and enhance the productivity of the team members d) A project manager should spend his time in problem-solving and decision- making between project subsystems - CORRECT ANSWER d) A project manager should spend his time in problem-solving and decision-making between project subsystems (All the choices listed are actually performed by the project manager. However, the question is with respect to the primary responsibility of the project manager during the integration environment. During integration, the project manage should do the problem solving and decision making between project sub- systems. Hence Choice - D is the best answer.) Cost baseline is an output of which process and in which process group? a) Estimate Costs in Planning Process Group b) Control Costs in Monitoring and Controlling Process Group c) Determine Budget in Planning Process Group d) Develop Project Management Plan in Planning Process Group - CORRECT ANSWER c) Determine Budget in Planning Process Group (Cost Baseline is an output of Determine Budget process area, which is under planning process group. Choice - C is the correct answer.) Catherine as the manager of a media program has been authorized to do the project. Now she is performing a stakeholder analysis so as to address their requirements properly. Which of the following process Catherine is into? a) Develop Project Charter b) Define Scope c) Manage Stakeholder's Expectations d) Identify Stakeholders - CORRECT ANSWER d) Identify Stakeholders (As Joanne has been authorized to do the project, the project charter has already been developed. Stakeholder analysis is done afterwards as part of Communication Management Plan. Hence, Choice - D is the correct answer.)

A Company is providing certain parts to be delivered to a space research organization. For some of the parts to be delivered, the company found out that equipment can be purchase from outside. The company has developed procurement management plan, contract statement of work along with the evaluation criteria for selection. It is now planning to distribute the procurement documents to various sellers, from whom one will be selected. What process is the company is in? a) Plan Procurement b) Conduct Procurement c) Administer Procurement d) Control Procurement - CORRECT ANSWER b) Conduct Procurement A project plan is all of the following EXCEPT: a) Approved by all the stakeholders of the projects b) A formal document containing a number of subsidiary plans c) Used to manage the execution of the project d) Distributed to all the stakeholders in accordance with the Communication Management Plan - CORRECT ANSWER a) Approved by all the stakeholders of the projects (A project management plan need not be approved all the stakeholders. There are direct and indirect stakeholders in a project and approval from all of them is not required. A project management plan is a formal document which is distributed among stakeholder inline with the communication management plan and it is used for the execution of the project.) As defined in PMBOK, there are three baselines in total. They are Time, Scope, and Cost. Which of the following is true about them? a) Time, Cost and Scope baselines can be computer generated b) Time and Cost can be computer generated whereas Scope can not c) None of the baselines can be computer generated d) Only the baseline for time can be computer generated and it will have any associated cost - CORRECT ANSWER b) Time and Cost can be computer generated whereas Scope can not (Time and Cost baselines can be computer generated as many software tools provide them. Though Choice-D is partially correct and cost

is associated with the time spent on an activity, a computer generated Cost Baseline can be created. Quality baseline and Scope baseline are documented, but they can not be computer generated) You have been promoted to the rank of a project manager. However, you have very little knowledge in project management and experience about the project. Which one of the following should be your best source of information for management of the project? a) Expert Judgement from other Project Managers b) Project Management Institute and its knowledge base on Project Management c) Historical Records from your Organization d) Knowledge base and support of Senior Management - CORRECT ANSWER c) Historical Records from your Organization A project has been scheduled for 6 months for $ 900,000 USD. At the end of the 2nd month, the project is 30% complete and the cost is $ 325,000 USD. What is the Cost Performance Index of the Project? a) 0. b) 0. c) 1. d) 0.946 - CORRECT ANSWER a) 0.846 (Cost Performance Index = CPI = Earned Value (EV) / Actual Cost (AC) The project is 30% complete. Hence, EV = 9,00,000 * (30/100) = 270,000 Now the Actual Cost of the project is = AC = 3,25,000 Hence the CPI = EV/AC = 270,000 / 3,25,000 = 0.846. Hence Choice - A is the correct answer.) How is a project coordinator is different from the project expeditor? a) The project expeditor has some authority to make decisions whereas the project coordinator does not b) The project coordinator has some authority to make decisions whereas the project expeditor does not c) The concept of project coordinator and project expeditor does not exist d) None of the above - CORRECT ANSWER b) The project coordinator has some authority to make decisions whereas the project expeditor does not (The concept

of project expeditor and project coordinator is not explicitly mentioned in PMBOK guide. However, sometimes it comes in the exam. A project coordinator is weaker than a project manger and has some minor authority. The role project expeditor is only to make things happen on time. The expeditor does not have any authority.) Which chart reports on the trends and variances of the quality problems that have occurred over a period of time? a) Run Chart b) Control Chart c) Pareto Chart d) Histogram - CORRECT ANSWER a) Run Chart (Run Chart is used to check for the trends and variances over a period of time. It is used in Quality Control. Hence, Choice-A is the best choice. Pareto Chart is used to prioritize, Histogram is a kind of Pareto Chart and Control Chart is used to check if the process is in control.) A project team is working hard to deliver a project. They have worked for over a year and it is nearing the completion of the execution phase. However, one of the team members found out a risk in the project which has not been identified earlier. What should be the BEST course of action of the manager of the project team? a) Ignore the Risk b) Find ways to Mitigate the Risk c) Assess the Risk d) Update the Risk Management Plan - CORRECT ANSWER c) Assess the Risk (A risk can be discovered at any time in a project. However, the first work of the project manager is to assess the risk, then add it to the risk register followed by qualitative and quantitative risk analysis. If the risk is found to be significant impact, then a risk response planning is done.) In which process and in which knowledge area the initial cost management plan is developed? a) Develop Project Management Plan in Integration Management b) Develop Cost Management Plan in Cost Estimation

c) Develop Cost Management Plan in Cost Budgeting d) Develop Cost Management Plan in Cost Control - CORRECT ANSWER a) Develop Project Management Plan in Integration Management (The initial cost management plan is developed as part of the Develop Project Management Plan in Integration Management Knowledge Area. Later on it is revised in Estimate Cost and Determine Budget processes) You have been assigned as the project manager of an international undersea cable project. Certain portion of the project has been subcontracted to a different company. What is the MOST likely outcome of such collaboration? a) Informal written communication will increase b) Formal written communication will increase c) Number of communication channels will increase d) Performance report will be more inclusive and detailed - CORRECT ANSWER c) Number of communication channels will increase (If a new contractor is added, then there will be increase in both formal and informal form of communication. However, there will be a definite increase in the number of communication channels.) Which of the following documents constitute the Scope Baseline? a) Project Scope Statement, Work Breakdown Structure, and WBS Dictionary b) Project Scope Statement, Scope Management Changes, and Scope Management Plan c) Project Scope Statement, Work Breakdown Structure, and Scope Management Plan d) Project Scope Statement, Project Scope Management Plan, and Project Management Plan - CORRECT ANSWER a) Project Scope Statement, Work Breakdown Structure, and WBS Dictionary Which of the following documents officially creates the Project? a) Project Scope Statement b) Schedule Management Plan c) Project Charter

d) Contract Statement for the go ahead of the project - CORRECT ANSWER c) Project Charter (Project Charter formally authorizes a project as it is signed off by the stakeholders) In a project work break down structure has been created and it has been broken down to the activity level. Now the estimation of the activities is to be made. Who should do the estimation for the activities? a) Project Manager b) Senior Management c) Stakeholders d) Team member doing the work - CORRECT ANSWER d) Team member doing the work The difference between Corrective Action and Preventive Action is: a) Corrective Action is focused on future where as Preventive Action is focused on past b) Corrective Action is focused on past where as Preventive Action is focused on future c) Corrective Action is an output of executing process group where as Preventive Action is an outcome of monitoring and controlling process group d) Corrective Action is output of monitoring and controlling process group where as Preventive Action is an outcome of executing process group - CORRECT ANSWER b) Corrective Action is focused on past where as Preventive Action is focused on future (Corrective action is performed to fix the past issues in the project. However, preventive action is done to bring the project's future performance in line with the project management plan. Both corrective and preventive actions can be part of executing process group as well as monitoring and controlling process group.) You want to show all kinds of logical dependencies, i.e., FS, FF, SS and FF, between the activities in your network diagram. What kind of network diagram will you use? a) Program Evaluation and Review Technique b) Graphical Evaluation and Review Technique c) Arrow Diagramming Method

d) Precedence Diagramming Method - CORRECT ANSWER d) Precedence Diagramming Method (All kind of dependencies between activities can only drawn in Precedence Diagramming Technique (PDM).) In your organization you have a team of subject matter experts from whom you have asked opinions on certain areas of your project. This was done anonymously with all the subject matter experts so that opinion of one person does not influence another. What kind of tools and technique are you following? a) Expert Judgement b) Delphi Technique c) Brainstorming d) Expert Interview - CORRECT ANSWER b) Delphi Technique (When expert opinion is gathered anonymously it is Delphi Technique) A project is being developed by a consortium of groups spreads across different continent around the globe. As the manager of the project you are concerned about the risk associated with the project. Which project management group should be most emphasized to address the risk? a) Planning Process Group b) Monitoring and Controlling Process Group c) Initiating Process Group d) Closing Process Group - CORRECT ANSWER a) Planning Process Group (When a project is started, the risk associated with the project is the highest. As the project progresses, the risk decreases. Hence, for most of the risk to be addressed in a project, the planning process group should be held in importance) The senior management of your team decided to bring in all the team members from different locations across the same country to be put together at one location. The location is also near to your customer. It was earlier found that putting together the entire team is good for productivity. It will also reduce a number of misunderstandings between the team members, which has earlier hampered the progress of the project. What kind of resource management tool and in which knowledge area process is your senior management applying? a) Conflict Management in Manage Team

b) Collocation in Develop Team c) Team Building Activities in Develop Team d) Applying Contingency Theory in Develop Team - CORRECT ANSWER b) Collocation in Develop Team (Bringing in together all the team members at the same location is known as collocation or war-room environment. It increases productivity and reduces miscommunication. It is in Develop Team process of Project Resource Management knowledge area.) Jane and Mike are two developers in a software development project who are working together on a module. Mike can not complete his testing work until Jane has completed the development. What kind of dependency is it? a) Mandatory Dependency b) External Dependency c) Discretionary Dependency d) Module Dependency - CORRECT ANSWER a) Mandatory Dependency (This is an example of mandatory dependency as Mike can not finish his till Jane completes the development work. This kind of dependency is also known as Hard Dependency) You have joined newly into a project. The project has a lot of quality issues and you are trying to find out the quality policy. From where, will the quality policy document be made available? a) Various Stakeholders b) Senior Management c) Performing Organizations d) Sponsor of the Project - CORRECT ANSWER c) Performing Organizations (Quality Policy is issued by the performing organization. Various organization have varying attitude towards quality and hence their standards vary.) The main difference between GANTT chart and Precedence Diagramming Method (PDM) is: a) GANTT Chart can show loops and branches where as PDM can not b) PDM can show loops and branches where as GANTT chart can not c) GANTT Chart is a project plan where as PDM is not

d) PDM is a project plan where as GANTT chart is not - CORRECT ANSWER a) GANTT Chart can show loops and branches where as PDM (precedence diagramming method) can not (Gantt chart can have loops and branches, whereas PDM can not have them) You are the project manager of construction project. The project has been 6 months over and it is over a period of 3 years. Suddenly one of your contractors informed about a risk which was not identified earlier and it was not added to the risk register. You meet with expert and try to determine the workaround for the project. In which process are you in? a) Perform Qualitative Risk Analysis b) Perform Quantitative Risk Analysis c) Plan Risk Responses d) Monitor and Control Risks - CORRECT ANSWER d) Monitor and Control Risks (Risk monitoring and control is a continuous process and unplanned risk can be found during this process. Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis are done after Identify Risk is performed. Plan Risk Responses is for the risks, which are already identified. Here the risk is unplanned and found out.) Which of the followings can not be an input to the Determine Budget Process? a) Project Scope Statement b) Work Breakdown Structure (WBS) c) WBS Dictionary d) Project Funding Requirements - CORRECT ANSWER d) Project Funding Requirements (Scope Baseline, consisting of Scope Statement, WBS, and WBS Dictionary is an input to the Determine Budget process.) Your team is executing a project and they have found out certain defects in the development. You checked those defects and requested for changes. In which process group you are in? a) Executing Process Group b) Monitoring and Controlling Process Group c) Planning Process Group

d) Closing Process Group - CORRECT ANSWER b) Monitoring and Controlling Process Group (Even though the team is executing the project, you monitored the changes made and submitted a change request which can go for implementation. Hence, you are in Monitoring and Control Process Group.) You joined a project as a manager during the later stage of the project. During the final testing a number of defects were found and you have decided to prioritize the defect and fix depending on the schedule. Which one of the following will be the BEST tool that you can use? a) Control Chart b) Run Chart c) Flow Chart d) Pareto Chart - CORRECT ANSWER d) Pareto Chart (Pareto chart is based on frequency it priories the most common causes. Run Chart is used for trend analysis and gives a snapshot at a point of time. Control Chart is used to determine whether a process is in control or not. Flow chart is used to predict where a quality problem might happen.) What is a tool and technique of plan scope management? -Trend Analysis -Alternative Analysis -What-if Scenario Analysis -Process Analysis - CORRECT ANSWER Alternative Analysis Statement of work, payment information, and contractor work performance information are examples of which of the following documents? -Requirements documentation -Scope Statement documents -Procurement Documents -Technical Documentation - CORRECT ANSWER Procurements Documents Which of the following represents the best definition for resource leveling?

-The types and quantities of resources required for each activity on a work package. -A bar chart showing the amount of time that a resource is scheduled to work over a series of time periods -A hierarchical representation of resources by category and type -A resource optimization technique in which adjustments are made to the project schedule to optimize to allocation of resources and which may affect critical path

• CORRECT ANSWER A resource optimization technique in which adjustments are made to the project schedule to optimize to allocation of resources and which may affect critical path Using the data below, assuming that all future work will be performed at the budgeted rate, the estimate at completion (EAC) is: BAC= PV= AV= EV=

-260 - CORRECT ANSWER 240 Project managers are similar to conductors of a large orchestra because they perform which of the following similar roles? -They represent one section of the project team -They are an expert or knowledgeable in all of the team members' different roles -They communicate with only the project sponsor on all major deliverables that impact the project outcome -They are responsible for the team, and integrate multiple disciplines - CORRECT ANSWER They are responsible for the team, and integrate multiple disciplines Where are the project schedule management processes and their associated tools and techniques documented? -Project Charter

-Scope Baseline -Schedule Forecasts -Schedule Management Plan - CORRECT ANSWER Schedule Management Plan Which of the following most accurately describes the quantitative assessments of the probable costs required to complete project work, as well as contingency amounts to account for identified risks and management reserve to cover unplanned work? -Parametric Estimates -Duration Estimates -Budget Estimates -Cost Estimates - CORRECT ANSWER Cost Estimates What process involves tracking, reviewing, and reporting project progress against the defined performance objectives in the project management plan? -Direct and Manage Project Work -Monitor and Control Project Work -Perform Integrated Change Control -Develop Project Management Plan - CORRECT ANSWER Monitor and Control Project Work What is an output of the estimate costs process? -Expert Judgement -Basis of Estimates -Scope Baseline -Cost of Quality - CORRECT ANSWER Basis of Estimates The main purpose of control charts is to: -Determine root cause analysis -Determine whether or not a process is stable or has predictable performance -Illustrate control limits that fit with sponsor requirements

-Illustrate how various factors might be linked to potential problems - CORRECT ANSWER Determine whether or not a process is stable or has predictable performance Which of the following does not get updated as an output of the monitor stakeholder engagement process? -Communications Management plan -Stakeholder Engagement Plan -Configuration Management Plan -Resource Management Plan - CORRECT ANSWER Configurations Management Plan Which of the following is an output of the validate scope process? -Approved Change Requests -Accepted Deliverables -Scope Baseline -Validated Deliverables - CORRECT ANSWER Accepted Deliverables Select the best description of the monitoring and controlling process group. -the process(s) required to oversee, review, and make changes to the process and performance of the project; identify any areas of delay, and initiate a plan for future performance -the process(s) performed to complete the work as defined by stakeholders -the process(s) required to track, review and regulate the progress and performance of the project -the process(es) required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes - CORRECT ANSWER the process(es) required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes As an output of the Monitor and Control Risks process, an updated risk register generally includes the following EXCEPT:

-Identification of new risks, updates to probability, impact, priority, risks plans, ownership, and other elements of the risk register -the work breakdown structure (WBS) -actual outcomes of the project's risks -outcomes of risks reassessment, risk audits, and periodic risk reviews - CORRECT ANSWER the work breakdown structure (WBS) Which of the following processes is included in project integration management? -develop project charter -approve change requests -control issue and defect management -facilitate meeting management - CORRECT ANSWER develop project charter Manage quality is the process of: -Applying planned, systematic quality activities to ensure effective policing and conformance of the project team to the approved specifications -assuring the implementation of appropriate specifications, which generally reduces the probability of the project being completed on schedule -translating the quality management plan into executable quality activities that incorporate the organization's quality policies into the project -providing the project team and stakeholders with standards by which project performance is measured - CORRECT ANSWER -translating the quality management plan into executable quality activities that incorporate the organization's quality policies into the project Which of the following is true about the validate scope process? -it is not necessary if the project completes on time and within budget -It is the process of formalizing acceptance of the completed project deliverables -it is primarily concerned with the correctness of deliverables, whereas quality control is primarily concerned with acceptance of deliverables and meeting the quality requirements

-It occurs primarily when revisions or changes are made to project scope - CORRECT ANSWER It is the process of formalizing acceptance of the completed project deliverables To tailor project risk management, you should consider which of the following factors? -project size -geographic location -data analysis -project quality - CORRECT ANSWER project size Which of the following are documented, processed, monitored and managed throughout the contract life cycle, usually in accordance with the terms of the contract? -disputes -claims -mediation -appeals - CORRECT ANSWER claims Within the project scope management knowledge area, who is responsible for ensuring that requirements-related work is accounted for in the project management plan and that requirements related activities are performed on time and within budget and deliver value? -project specialist -project sponsor -project manager -business analyst - CORRECT ANSWER project manager What change request is an intentional activity that ensures that the future performance of project work aligns with the project management plan? -defect repair -update -preventive action

-corrective action - CORRECT ANSWER preventive action An input to the Define Scope process is: -project charter -the type of contract detail language -decomposition -work breakdown structure (WBS) - CORRECT ANSWER project charter What is the best definition of the variance at completion? (VAC) -the amount the project is ahead or behind the planned delivery date expressed as the difference between the earned value and the planned value -an estimate of the amount of total deliverables, expressed as the difference between the cost per deliverable at completion and the estimate at completion -a projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion and the estimate at completion -a calculation of the amount of time spent ahead or behind schedule, expressed as the difference between the project schedule and completion date. - CORRECT ANSWER a projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion and the estimate at completion Which of the following is the best definition of portfolio management? -the management of all levels of financial components and project decision making -the centralized management of one or more portfolios to achieve strategic objectives -the management of various contents within the project management plan -decentralized management across all the organizations projects to achieve strategic objectives - CORRECT ANSWER the centralized management of one or more portfolios to achieve strategic objectives Which of the following are types of project manger leadership styles? -motivational and interactional -charismatic and motivational

-performance and suppresive -liassez-faire and charistmtic - CORRECT ANSWER liassez-faire and charistmtic The iterative process of increasing the level of detail in a project management plan as greater amounts of information become available is called: -summary schedule -gantt chart -waterfall schedule -progressive elaboration - CORRECT ANSWER progressive elaboration Which of the following is an input to the control scope process? -work performance data -expert judgement -change requests -scope management baseline - CORRECT ANSWER work performance data What output is part of the control scope process? -project scope statement -work performance data -change requests -requirements management plan - CORRECT ANSWER change requests Which of the following is an output of the control scope process? -configuration management plan -trend analysis -organizational process assets -change requests - CORRECT ANSWER change requests In rolling wave planning: -the work far in the future is planned in detail for work packages that are at a low level of the WBS.

-the work to be accomplished in the near term is planned in detail, whereas the work in the future is planned at a higher level -focus is maintained on long-term objectives, allowing near-term objectives to be rolled out as part of the ongoing wave of activities. -a wave of detailed activities is planned during strategic planning to ensure that WBS deliverables and project milestones are achieved - CORRECT ANSWER the work to be accomplished in the near term is planned in detail, whereas the work in the future is planned at a higher level Which of the following is an output to the define activities process? -schedule diagram -duration estimates -project schedule -change requests - CORRECT ANSWER change requests Which of the following best describes analogous duration estimating? -used to estimate uncertainty -used to estimate project duration when there is a limited amount of detailed information about the project -used as part of three point estimating -used to estimate project cost to the greatest level of specified detail - CORRECT ANSWER used to estimate project duration when there is a limited amount of detailed information about the project For projects what is the supporting documentation that can be used to support the details used in establishing project estimates and may include assumptions, constraints, level of detail, ranges, and confidence level? -resource estimates -cost estimates -basis of estimates -duration estimates - CORRECT ANSWER basis of estimates The duration of an activity is affected by all of the following EXCEPT:?????