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

Download CAPM Practice 215 Questions with Verified Answers,100% CORRECT and more Exams Business Economics in PDF only on Docsity! 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 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? 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) 0.846 b) 0.746 c) 1.046 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 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? -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 -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:????? -the method of scheduling activities and resources -the types of resources assigned to the activity -the availability of the resources assigned to the activity -the estimated activity resource requirements - CORRECT ANSWER the estimated activity resource requirements An activity's expected duration (tE) is 30 days, its most likely duration (tM) is 30 days, and its pessimistic duration (tP) is 45 days. Using three point estimating, how many days is the optimistic duration (tO)? -30 -15 -12 -10 - CORRECT ANSWER 15 What is a tool and technique of the develop schedule process? -leads and lags -precedence diagramming method -analogous estimating -rolling wave planning - CORRECT ANSWER leads and lags Which of the following best describes a schedule compression technique used to shorten the schedule duration for the least incremental cost by adding resources? -quickening -mandatory overtime -fast tracking -crashing - CORRECT ANSWER crashing What is the definition of free float? -the amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating any schedule constraint -a technique used when backward pass is calculated from a schedule constraint that is later than the early finish date that was calculated during forward pass calculation -a technique used when a constraint on the late dates is violated by duration and logic - CORRECT ANSWER the amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating any schedule constraint An activity in a network has the following characteristics: ES = 12 weeks, EF = 22 weeks and LS = 14 weeks. The duration of the activity is: -10.0 weeks -8.0 weeks -12.0 weeks -14.0 weeks - CORRECT ANSWER 10.0 weeks Which type of float is described as the amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint? -negative float -free float -total float -positive float - CORRECT ANSWER total float An activity in a project network has the following characteristics: ES=5 weeks, EF=10 weeks, and LF=14 weeks. Therefore, LS= -9.0 weeks -10.0 weeks -11.0 weeks -12.0 weeks - CORRECT ANSWER 9.0 weeks The "fast tracking" method of schedule compression involves: -performing in parallel for a proportion of their duration activities or phases that are normally done in sequence may result in rework and increased risk. -assigning "dedicated teams" to critical path activities to achieve project schedule objectives -schedule baseline -cost baseline -budget baseline -resource baseline - CORRECT ANSWER cost baseline project cost management includes all of the following processes EXCEPT: -plan cost management -determine budget -level resources -control costs - CORRECT ANSWER level resources Time or money allocated in the schedule or cost baseline for known risks with active response strategies: -risk allocation reserve -top-down reserve -management reserve -contingency reserve - CORRECT ANSWER contingency reserve Which of the following should be considered when tailoring processes for project cost management? -budgeting, knowledge management, and risk mitigation -budgeting, continuous improvement, and knowledge management -estimating, budgeting, and governance -estimating, governance, and continuous improvement - CORRECT ANSWER estimating, budgeting, and governance The cost management plan has all of the following characteristics EXCEPT: -it may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation allowed before some action needs to be taken. -it may specify the level of precision, which is the degree to which activity cost estimates will be rounded up or down -it describes how the project costs will be planned, structured, and controlled -it is based on project cost estimates and is separate from the project management plan - CORRECT ANSWER it is based on project cost estimates and is separate from the project management plan Which of the following outputs is generated as a result of conducting the plan cost management process? -cost management plan -organizational process assets updates -change requests -deliverables - CORRECT ANSWER cost management plan Which of the following best defines the cost management plan? -how costs will be planned, structured, and controlled -the best way to manage the project budget constraints -what tool will be used to control the project budget -the cost of resource types and deliverables - CORRECT ANSWER how costs will be planned, structured, and controlled Which of the following is a tool and technique of the plan cost management process? -interpersonal and team skills -virtual teams -meetings -data gathering - CORRECT ANSWER meetings Which of the following inputs is referenced in the plan cost management process? -business documents -agreements -project documents -project charter - CORRECT ANSWER project charter What is an input to the estimate costs process? -data analysis -risk register -assumptions -project charter - CORRECT ANSWER risk register Analogous cost estimating uses which of the following costs? -the budgeted cost of all project components -the total cost of all estimated resource types -the forecasted cost of individual work packages -the actual cost of previous similar projects - CORRECT ANSWER the actual cost of previous similar projects What is an input to the estimate costs process? -scope baseline -resource calendars -project charter -agreements - CORRECT ANSWER scope baseline Which of the following are estimated for resources that are applied to the cost estimate? -labor, materials, and equipment -materials, exchange rates, and time shortages -labor, time shortages, and equipment -technology, materials, and exchange rates - CORRECT ANSWER labor, materials, and equipment parametric estimating involves: -using a statistical relationship between relevant historical data and other variables to calculate a cost estimate for project work. -defining cost or duration parameters of the project life cycle -calculating individual cost estimates for each work package and integrating them to obtain the total cost of the project -the process of defining how to estimate, acquire, manage, and use physical and team resources -the process of creating a formal document defining resource budgets -the process of identifying resources and associated costs -the process of mapping project resources to deliverables and project budget - CORRECT ANSWER the process of defining how to estimate, acquire, manage, and use physical and team resources The project life cycle is managed by executing a series of project management activities. These activities are known as: -project management processes -phase gates -project phases -project management plan - CORRECT ANSWER project management processes Which of the following is a tailoring consideration for project scope management? -on-demand scheduling -knowledge management -project dimensions -stability of requirements - CORRECT ANSWER stability of requirements Leveraging prior knowledge to improve outcomes and making knowledge created available for future projects is a key benefit of which of the following project integration management processes? -manage project knowledge -develop project management plan -control project knowledge -develop project charter - CORRECT ANSWER manage project knowledge Which of the following is a process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved or rejected? -document updates -revision control -project management plan updates -change control - CORRECT ANSWER change control project managers are responsible for guiding the team, and completing which of the following when performing integration on the project? -perform all work required to baseline the project -work with the sponsor to understand the strategic objectives -complete the project charter and receive formal approval -itemize all expenses related to the project processes, knowledge, and people - CORRECT ANSWER work with the sponsor to understand the strategic objectives Which of the following represents processes concerned with establishing and controlling the cost baseline? -estimate costs, develop budget, and adhere to baseline -plan resource management, cost estimating, and cost control -plan resource management and control cost -determine budget and control costs - CORRECT ANSWER determine budget and control costs What is the projects status if the variance at completion (VAC) is positive? -under budget -ahead of schedule -behind schedule -over budget - CORRECT ANSWER under budget Project cost control includes all of the following EXCEPT: -allocating the overall estimates to individual work packages to establish a cost baseline -informing appropriate stakeholders of all approved changes and associated cost -monitoring cost performance to isolate and understand variances from the approved cost baseline -influencing the factors that create changes to the authorized cost baseline - CORRECT ANSWER allocating the overall estimates to individual work packages to establish a cost baseline What input to the control costs process contains data on project status such as which costs have been authorized, incurred, invoiced, and paid? -work breakdown structure (WBS) -project management plan -project funding requirements -work performance data - CORRECT ANSWER work performance data Your sponsor specifies that there is no additional money in the budget for your project and asks you to complete the project at the original budget at completion (BAC). To achieve that goal, you and your team must complete the remaining work at the to-complete performance index (TCPI) of (use the data below): BAC=200 PV=100 AC=120 EV=80 -1.50 -2 -1 -.67 - CORRECT ANSWER 1.5 In earned value management, the cost variance is equal to: -AC minus EV -PV minus EV -EV minus AC -EV minus PV - CORRECT ANSWER EV minus AC Your earned value management analysis indicates that your project is falling behind its baseline schedule. You know this because the cumulative EV is much: -lower than the cumulative CPI -functional requirements - CORRECT ANSWER customer expectations identifying quality requirements and/or standards for the project and its deliverables and documenting how the project will demonstrate compliance with quality requirements is: -control quality process -project implementation phase -conceptual phase -plan quality management - CORRECT ANSWER plan quality management Which of the following is the process of translating the quality management plan into executable quality activities that incorporate the organization's quality policies into the project? -manage quality -control quality -execute quality management -plan quality management - CORRECT ANSWER manage quality Whose objectives does the project quality manger aim to meet? -sponsor's -seller's -project team member's -stakeholder's - CORRECT ANSWER stakeholder's All of the following are considerations for tailoring in project quality management EXCEPT: -continuous improvement -standards and regulatory compliance -policy compliance and auditing -stakeholder management - CORRECT ANSWER stakeholder management Which of the following includes all costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements? -cost of errors (COE) -total cost (TC) -cost of quality (COQ) -budget at completion (BAC) - CORRECT ANSWER cost of quality (COQ) When tailoring processes for project quality management, you should consider all of these EXCEPT: -policy requirements and auditing -standards and regulatory compliance -project complexity, uncertainty, and product novelty -stakeholder engagement - CORRECT ANSWER project complexity, uncertainty, and product novelty Which of the following provides guidance and direction on how quality will be managed and verified throughout the project? -plan quality management -control quality -create quality metrics -manage quality - CORRECT ANSWER plan quality management Benchmarking involves comparing actual or planned project practices to those of comparable projects with all of the following characteristics EXCEPT: -comparing practices only within the same application area -to identify the best practices and generate ideas for improvement -comparing practices within the performing organization or outside of it -to provide a basis for measuring performance - CORRECT ANSWER comparing practices only within the same application area Which of the following are primary benefits of meeting quality requirements? -Sponsor acceptance and on time schedule -less rework and lower costs -higher productivity and fewer change orders -lower costs and fewer change orders - CORRECT ANSWER less rework and lower costs What do affinity diagrams allow to be classified into groups for review and analysis? -a set of deliverables -a group of quality grades -a large numbers of ideas -a select group of concepts - CORRECT ANSWER a large numbers of ideas All of the following are true about affinity diagrams EXCEPT: -they are apart of the tools and techniques of manage quality process -They are used to identify the key issues to be prioritized as a set of decisions for implementation -they allow large numbers of ideas to be classified into groups for analysis -they can be used to organize potential causes of defects - CORRECT ANSWER They are used to identify the key issues to be prioritized as a set of decisions for implementation Which of the following best defines the purpose of test and evaluation documents? -they are used in sensitivity analysis for comparing the relative importance of variables -they are used to determine the appropriate combination of inputs, tools, and techniques used to manage a project -they are used to evaluate the achievement of quality objectives -work performance information - CORRECT ANSWER work performance information Control charts have all of the following characteristics EXCEPT: -they are graphical displays of process data over time and against established control limits -they are used to illustrate how various factors might be linked to potential problems or effects -they can be used to monitor various types of output variables -they are used to determine whether or not a process is stable or has predictable performance - CORRECT ANSWER they are used to illustrate how various factors might be linked to potential problems or effects During which time are team members' commitments to the project strengthened? -execution -monitoring -planning -controlling - CORRECT ANSWER planning Which of the following is a tailoring consideration for project resource management? -salary of resources -resource calendar -physical location -number of team members - CORRECT ANSWER physical location Which of the following project resource management processes best defines the process of tracking team member performance, providing feedback, resolving issues, and managing team changes to optimize project performance? -control resources -acquire resources -manage team -develop team - CORRECT ANSWER manage team The major processes of project resource management are: -plan resource management, estimate activity resources, acquire resources, develop team, manage team, and control resources -develop project staffing plan, recruit project team, administer personnel actions, and manage labor relations -leadership, management, team building, and negotiation -plan organizational structure, build project team, develop communications plan, and manage team conflicts - CORRECT ANSWER plan resource management, estimate activity resources, acquire resources, develop team, manage team, and control resources When tailoring processes for project resource management, you should consider all of these EXCEPT: -physical location -diversity -life cycle approach -number of team members - CORRECT ANSWER number of team members All of the following are inputs to the estimate activity resources process EXCEPT: -enterprise environmental factors -resource management plan -activity list -resource breakdown structure (RBS) - CORRECT ANSWER resource breakdown structure (RBS) The types and quantities of resources required for each activity in a work package are included in which of the following? -resource requirements -organizational chart -resource package -resource breakdown structure - CORRECT ANSWER resource requirements The completed deliverables that have not been formally accepted are documented, along with the reasons for non-acceptance of those deliverables. Those deliverables may require what? -change request for defect repair -update to requirements documentation -update to lessons learned register -document in the issue log to be monitored - CORRECT ANSWER change request for defect repair When a buyer seeks to ensure that a proposal selected will offer the best quality for the services required, what type of evaluation is used: -entrance criteria -source selection criteria -success criteria -governance criteria - CORRECT ANSWER source selection criteria Which of the following are examples of source selection criteria? -relevant experience and vendor costs -transportation organization and delivery resource -delivery dates and financial stability -vendor recommendations and scheduled milestones - CORRECT ANSWER relevant experience and vendor costs Which of the following are processes, policies and procedures for conducting project work during initiation and planning????? -change control procedures -acceptance of project deliverables -financial projects audits and resource availability control and assignment management -product and project life cycles, preapproved supplier lists and various types of contractual agreements - CORRECT ANSWER product and project life cycles, preapproved supplier lists and various types of contractual agreements -knowledge management -project management plan -deliverables -lessons learned - CORRECT ANSWER knowledge management What tool or technique is used in the develop project management plan process? -expert judgement -analytical techniques -meetings -change control tools - CORRECT ANSWER expert judgement Which of the following is a tool and technique to the plan schedule management process? -variance analysis -reserve analysis -alternative analysis -trend analysis - CORRECT ANSWER alternative analysis project integration management includes all of the following concepts EXCEPT: -projects and project management are integrative by nature, with most tasks involving more than one knowledge area -managing projects performance and changes to the project activities -the relationships of processes within and between the project management process groups are iterative -prevention is preferred over inspection. It is better to design quality into deliverables, rather to find quality issues during inspection - CORRECT ANSWER Prevention is preferred over inspection. It is better to design quality into deliverables, rather than to find quality issues during inspection The configuration management plan describes: -points when the project manager and relevant stakeholders will review project progress to determine if the project is on-track. -The series of phases that a project passes through from its initiation to its closure -how information about the items or the project and which items will be recorded and updated so that the results of the project remain consistent -how the change requests throughout the project will be formally authorized and incorporated - CORRECT ANSWER how information about the items or the project and which items will be recorded and updated so that the results of the project remain consistent Which of the following is a tool and technique of the conduct procurements process? -seller proposals -bidder conferences -audits -claims administration - CORRECT ANSWER bidder conferences Which of the following is used to determine whether work or deliverables can be best accomplished by the project team or should be purchased from outside sources? -multi-criteria decision analysis -seller selection decision -make-or-buy decision -decision tree analysis - CORRECT ANSWER make-or-buy decision constructive changes are: -viewed as negative, quantified, and tabulated -submitted for bids to the relevant vendor list -identified and documented by project correspondence -postponed as long as possible to protect the budget - CORRECT ANSWER identified and documented by project correspondence Which of the following is an output of the monitor communications process? -project charter updates -project communications -enterprise environmental factors updates -work performance information - CORRECT ANSWER work performance information projects operate within the constraints imposed by the organization through their structure and governance framework. The system factors include all of the following EXCEPT: -management elements -project management processes -structure types -governance framework - CORRECT ANSWER project management processes Which of the following are processes, policies, and procedures for conducting project work during executing, monitoring, and controlling? -Traceability matrices and project closing guidelines -product and project life cycles, preapproved supplier lists and various types of contractual agreements -financial product audits and templates -issue and defect management procedures, and change control procedures - CORRECT ANSWER issue and defect management procedures, and change control procedures Which of the following is an input to the sequence activities process? -cost baseline -performance measurement baseline -schedule baseline -scope baseline - CORRECT ANSWER scope baseline Which of the following tools and techniques are included in the monitor stakeholder engagement process? -decision making -agreements -inspection -progressive development -adaptive life cycle -waterfall -predictive life cycle - CORRECT ANSWER adaptive life cycle Which of the following identifies any document or communication that defines the initial intentions of a project? -deliverable -acceptance -requirement -agreement - CORRECT ANSWER agreement What is an input of plan scope management? -stakeholder engagement plan -performance measurement baseline -requirements management plan -quality management plan - CORRECT ANSWER quality management plan Which of the following depicts the three key skill sets in the PMI talent triangle? -operational management, technical leadership, and strategic management -leadership, strategic and business management, and technical project management -business management, communications management, and technical leadership -leadership, organizational resource management and operational management - CORRECT ANSWER leadership, strategic and business management, and technical project management As an output of the perform quantitative risk analysis process, project documents are updated. One such update is: -direction, resources, contingency costs -qualitative analysis of the threats to ignore and opportunities to accept -checklists, corrective actions, and qualified decision trees -prioritize list of individual project risks - CORRECT ANSWER prioritize list of individual project risks The configuration management plan describes: -the series of phases that a project passes through from its initiation to its closure -how the change requests throughout the project will be formally authorized and incorporated -points when the project manager and relevant stakeholders will review project progress to determine if the project is on-track -how information about the items of the project and which terms will be recorder and updated so that the results of the project remain consistent - CORRECT ANSWER how information about the items of the project and which terms will be recorder and updated so that the results of the project remain consistent Which of the following is an output for the validate scope process? -approved change requests -accepted deliverables -scope baseline -validated deliverables - CORRECT ANSWER accepted deliverables Which of the following is an input for the validate scope process? -verified deliverables -quality metrics -project charter -stakeholder register - CORRECT ANSWER verified deliverables in the define activities process, what does decomposition accomplish? -allows precise planning by sorting the work load -defines the outputs as activities rather than deliverables - organizes work activities by schedule constraints -identifies planning-related policies and procedures - CORRECT ANSWER defines the outputs as activities rather than deliverables Which of the following tools and techniques are included in the monitor stakeholder engagement process? -inspection -expert judgement -decision making -agreements - CORRECT ANSWER decision making Which of the following describes a key difference between management and leadership? -focus on relationships vs. focus on long-range vision -directing vs. influencing -focus of bottom line vs. accepting status quo -maintain vs. administrate administrator - CORRECT ANSWER directing vs. influencing Which of the following are sources of information typically used to identify and and define project communication requirements? -availability of the project sponsor -number of deliverables -budget and schedule for each product deliverable -disciplines, departments, and specialties involved in the project - CORRECT ANSWER disciplines, departments, and specialties involved in the project Which of the following are techniques for resolving conflict? -accommodate, reconcile, attack, separate, and smooth -avoid, accommodate, reconcile, direct, and problem solve -avoid, force, smooth, collocate, and attack -accept, smooth, direct, collaborate, and collocate - CORRECT ANSWER avoid, accommodate, reconcile, direct, and problem solve The following are all key competencies of a project manager EXCEPT: -leadership