CAPM Practice Exam 163 Questions with Verified Answers,100% CORRECT, Exams of Business Economics

Download CAPM Practice Exam 163 Questions with Verified Answers,100% CORRECT and more Exams Business Economics in PDF only on Docsity!

CAPM Practice Exam 163 Questions with Verified Answers

How many project management processes belong to the Planning Process Group?

• CORRECT ANSWER 24 Who should be included in a project schedule development meeting? - CORRECT ANSWER Team members, sponsors, selected stakeholders, and those with scheduling or executing duties The completion of the project scope is measured against which of the following? - CORRECT ANSWER Product requirements Which of the following are communication techniques that can be used for the Manage Communication process? - CORRECT ANSWER Feedback, nonverbal, and presentations The process of formalizing acceptance of the completed project is which project management process associated with the Project Scope Management Knowledge Area? - CORRECT ANSWER Validate Scope Control charts have all of the following characteristics EXCEPT: - CORRECT ANSWER They are used to illustrate how various factors might be linked to potential problems or defects What is an output of the Create WBS Process? - CORRECT ANSWER Scope baseline Which of the following definition of a RACI chart? - CORRECT ANSWER A common type of responsibility assignment matrix to define the involvement of stakeholders in project activities The cost of quality associated with a project consists of one or more of which of the following cost? - CORRECT ANSWER Prevention, appraisal, and failure cost Outputs from the Plan RIsk Responses process include all of the following EXCEPT:
• CORRECT ANSWER Corrective actions

What is the performance data collected from controlling processes, analyzed in comparison with project management plan components and project documents?

• CORRECT ANSWER Work performance information A change control board (CCB) is: - CORRECT ANSWER A formally chartered group responsible for reviewing, evaluating, approving, deferring, or rejecting changes to the project Using the data below, which item is MOST over budget? - CORRECT ANSWER Item 4 What process involves leading and performing the work defined in the project management plan and implementing approved changes to achieve the projects objectives? - CORRECT ANSWER Direct and Manage The collection of generally sequential and sometimes overlapping project phases, whose name and number are determined by the management and control needs of the organization or organizations involved in the project, is known as: - CORRECT ANSWER Project life cycle Which of the following does not get updated as an output of the Monitor Stakeholder Engagement Process? - CORRECT ANSWER Configuration management plan Which of the following are communication techniques that can be used for the Manage Communications process? - CORRECT ANSWER Feedback, nonverbal, presentations The project schedule is a result of the project management team selecting and creating which of the following? - CORRECT ANSWER A scheduling method, project-specific data, and a schedule model Which of the following describes capabilities that are temporary and are no linger needed after the new product/service/result is ready? - CORRECT ANSWER Transition requirements

Examples of interpersonal skills that a project manager uses during Manage Stakeholder Engagement include each of the following EXCEPT: - CORRECT ANSWER Governance Which of the following is true of Project Management Process Groups? - CORRECT ANSWER Process Groups are independent of the application area or industry focus The Monitor Stakeholder Engagement process entails what? - CORRECT ANSWER Monitoring project stakeholder relationships and tailoring strategies for engaging stakeholders through modification of engagement strategies and plans Which of the following is the process of ensuring the information needs of the project and its stakeholders are being met? - CORRECT ANSWER Monitor communications The processes of Project Risk Management are: - CORRECT ANSWER Plan Risk Management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, implement risk responses, and monitor risk. What tool or technique is used in the Develop Project Management Plan process?

• CORRECT ANSWER Expert judgement Project cost control includes all of the following except: - CORRECT ANSWER Allocating the overall estimates to individual work packages to establish a cost baseline What is an output of Plan Scope Management? - CORRECT ANSWER Requirements management plan Which of the following best describes a product life cycle? - CORRECT ANSWER A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement All of the following are outputs to Close Project or Phase EXCEPT: - CORRECT ANSWER Environmental enterprise factor updates

When performing integration on the project, the role of the project manager is: - CORRECT ANSWER To work with the project sponsor to understand the strategic objectives and ensure alignment of objectives and results with the project and business area Which of the following is an input for the Validate Scope process? - CORRECT ANSWER Verified deliverables Which of the following are some strategies used to deal with project negative risks? - CORRECT ANSWER Avoid, escalate, and accept Which of the following are examples of subsidiary management plan components in the project management plan? - CORRECT ANSWER Scope management plan and quality management plan What is a tool and technique of Plan Scope Management? - CORRECT ANSWER Alternative analysis What output is part of the Control Scope process? - CORRECT ANSWER Change request What is a key benefit of the Monitoring and Controlling Process Group? - CORRECT ANSWER Project performance is measured and analyzed at regular intervals, appropriate events, or when exception conditions occur in order to identify and correct variances from the project management plan Which of the following are some of the factors that can affect the choice of communication technology? - CORRECT ANSWER Urgency of the need for information, resource budget, and ease of use What is the key benefit of the Executing Process Group? - CORRECT ANSWER The work needed to meet the project requirements and objectives is performed according to plan

What is the definition of the work package? - CORRECT ANSWER The work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed In earned value management, the cost variance is equal to: - CORRECT ANSWER EV minus AC How is the statement of work (SOW) for a procurement developed? - CORRECT ANSWER It is developed from the project scope baseline and defines only that portion of the project scope that is to be included within the related contract An output of the Control Resources process is: - CORRECT ANSWER Work performance information Which of the following plans can be formal or informal, broadly framed or highly detailed, based on the needs of the project? - CORRECT ANSWER Scope management plan 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: - CORRECT ANSWER Source selection criteria Which of the following is a tool or technique used in the Monitor Communications process? - CORRECT ANSWER Interpersonal and team skills Which of the following are tools and techniques used in the acquire resources process? - CORRECT ANSWER Decision making All of the following are inputs to the Control Schedule process, EXCEPT? - CORRECT ANSWER Cost baseline Which of the following represents the best definition for resource leveling? - CORRECT ANSWER A resource optimization technique in which adjustments are made to the project schedule to optimize the allocation of resources and which may affect critical path

What tool or technique can be used in the Monitor and Control Project Work process? - CORRECT ANSWER Trend analysis The process of implementing a set of planned and systematic acts and processes defined within the projects quality management plan is: - CORRECT ANSWER Manage quality Which of the following inputs is referenced in the Plan Cost Management process? - CORRECT ANSWER Project charter Which of the following are examples of source selection criteria? - CORRECT ANSWER Delivery dates and financial stability In the Define Activities process, what does decomposition accomplish? - CORRECT ANSWER Defines the outputs as activities rather than deliverables What does the schedule management plan establish? - CORRECT ANSWER The criteria and the activities for developing, monitoring, and controlling the schedule All of the following are inputs to the Plan Procurement Management processes EXCEPT: - CORRECT ANSWER Procurement strategy Which of the following is an input of the Control Scope process? - CORRECT ANSWER Work performance data Culture is a personality characteristic or trait that includes which of the following components? - CORRECT ANSWER Values, norms, and beliefs Three-point estimating uses: - CORRECT ANSWER An optimistic, pessimistic, and most likely estimate to calculate the estimate The Perform Qualitative Risk Analysis process assesses the priority of identified risks using all of the following EXCEPT: - CORRECT ANSWER A mathematical technique

A significant amount of data is collected and analyzed throughout the project. All of the following are examples of project data and information EXCEPT: - CORRECT ANSWER Work performance analysis Which of the following are types of project management office (PMO) structures?

• CORRECT ANSWER Supportive, controlling, directive Projects re undertaken to fulfill objectives by: - CORRECT ANSWER Producing deliverables Control Scope is the process of monitoring the status of the project and which of the following? - CORRECT ANSWER Project scope and changes to the scope baseline What is the key benefit of the Monitor Stakeholder Engagement process? - CORRECT ANSWER To maintain or increase the efficiency and effectiveness of stakeholder engagement activities as the project evolves and its environment changes Outputs from the Estimate Activity Resources process include which of the following? - CORRECT ANSWER Identification of the types and quantities of resources required for each activity in a work package Which of the following are included in the risk management plan? - CORRECT ANSWER Methodology, funding, timing Questions that arise when planning the acquisition of team members generally include all of the following EXCEPT: - CORRECT ANSWER Whether the compensation of senior executives is in the project budget Which of the following processes is included in Project Integration Management?
• CORRECT ANSWER Develop Project Charter Which of the following is an output to the Sequence Activities Process? - CORRECT ANSWER Project schedule network diagram

As an output of the Perform Quantitative Risk Analysis process, project documents are updates. One such update is: - CORRECT ANSWER Prioritized list of individual project risks What is calculated using a percentage of the estimated activity duration, or a fixed number of work periods? - CORRECT ANSWER Contingency reserve Project managers are responsible for guiding the team, and completing which of the following when performing integration on the project? - CORRECT ANSWER Work with sponsor to understand the strategic objectives All of the following are true about project phases and the project life cycle EXCEPT: - CORRECT ANSWER Cost and staffing levels are generally steady throughout the project life cycle What is an input to the Estimate Costs process? - CORRECT ANSWER Risk register Which of the following is the best definition of the Perform Qualitative Risk Analysis process? - CORRECT ANSWER Prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact What tools and techniques are used in the Monitor Communications process? - CORRECT ANSWER Project management information system, expert judgement, and meetings Parametric estimating involves: - CORRECT ANSWER Using a statistical relationship between relevant historical data and other variables to calculate a cost estimate for a project work What is the purpose of the Initiating Process Group? - CORRECT ANSWER Align the stakeholders' expectations What is the process of developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks? - CORRECT ANSWER Plan Risk Responses

Which of the following is a tool and technique of the Control Procurements process? - CORRECT ANSWER Bidder conferences Inputs to control quality include all of the following EXCEPT: - CORRECT ANSWER PERT chart Which of the following is a technique of the Plan Communications Management process that determines the information needs of the project stakeholders? - CORRECT ANSWER Communications requirements technology Select the best description of the Executing Process Group - CORRECT ANSWER The process performed to complete the work defined in the project management plan to satisfy the project reuirements What is the best description of optimal cost of quality (COQ)? - CORRECT ANSWER Reflects the appropriate balance for investing in the cost of prevention and appraisal to avoid failure cost Completion of the product scope is measured against which of the following? - CORRECT ANSWER Product requirements Which of the following data analysis techniques examines the degree to which organizational strengths offset threats, as well as identifies opportunities that may serve to overcome weaknesses? - CORRECT ANSWER SWOT analysis WHat describes the approved version of time-based project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results? - CORRECT ANSWER Cost baseline Which of the following are dimensions of communication activities? - CORRECT ANSWER Formal and informal The risk management plan generally includes all of the following EXCEPT: - CORRECT ANSWER Responses to individual risk

Which of the following best describes analogous duration estimating? - CORRECT ANSWER Used to determine project duration when there is a limited amount of detailed information about the project Which of the following best describes a decision tree? - CORRECT ANSWER Used to support election of the best of several alternative courses of action To increase the chances of success, when should the process of stakeholder identification and engagement commence? - CORRECT ANSWER As soon as possible after the project charter has been approved Which of the following is the process of translating the quality management plan in to executable quality activities that incorporate the organization's quality policies into the project? - CORRECT ANSWER Manage quality What is a tool and technique of the Develop Schedule process? - CORRECT ANSWER Leads and lags Which of the following are key elements of the benefits management plan? - CORRECT ANSWER Strategic alignments, assumptions, and risks Which of the following are deliverables that are completed and checked for correctness through the Control Quality process? - CORRECT ANSWER Verified deliverables What is an output of the Estimate Costs process? - CORRECT ANSWER Basis of estimates Projects are undertaken to fulfill objectives by: - CORRECT ANSWER Producing deliverables Statement of work, payment information, and contractor work performance information are examples of which of the following documents? - CORRECT ANSWER Procurement documents

Which phrase BEST describes the source selection criteria? - CORRECT ANSWER A set of attributes desired by the buyer which a seller is required to meet or exceed to be selected for a contract Which of the following are used to describe the scope baseline? - CORRECT ANSWER Approved version of the scope statement, work breakdown structure, and its associated WBS dictionary Which of the following project management processes do not belong to the Planning Process Group? - CORRECT ANSWER Plan Schedule Management In developing a stakeholder register, you need to include all of the following EXCEPT: - CORRECT ANSWER Project risk information The project charter establishes a partnership between which organizations? - CORRECT ANSWER Performing and requesting When is the Plan Risk Management process performed in a project? - CORRECT ANSWER Once or at predefined points in a project Identifying quality requirements and/or standards for the project and its deliverables and documenting how the project will demonstrate compliance with quality requirements is: - CORRECT ANSWER Plan Quality Management Configuration management and issue defect management data are examples of which of the following? - CORRECT ANSWER Organizational knowledge repositories Which of the following is an output of Control Quality process associated with the Project Quality Management Knowledge Area? - CORRECT ANSWER Work performance information Which of the following is a tool or technique used in the Manage Communications process? - CORRECT ANSWER Project management information system Which of the following is a tool or technique of the Control Resources process? - CORRECT ANSWER Problem solving

The Initiating Process Group contains which of the following? - CORRECT ANSWER The project management processes that occur when the project is started Select the best description of the Initiating Process group - CORRECT ANSWER The process performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase Which of the following is an output in the Determine Budget process? - CORRECT ANSWER Project funding requirements What is an output of the Controlled Scope process? - CORRECT ANSWER Project documents updates What are the four processes in Project Stakeholder Management? - CORRECT ANSWER Identify stakeholders, plan stakeholder engagement, manage stakeholder engagement, and monitor stakeholder engagement Which of the following is an input to control quality? - CORRECT ANSWER Approved change request What input to the Plan Quality Management process includes assumption log, requirements documentation, requirements traceability matrix, risk register, and stakeholder register? - CORRECT ANSWER Project documents All of the following are inputs to Manage Project Knowledge EXCEPT? - CORRECT ANSWER Deliverables? Which of the following are the basis for performing the validation and for final acceptance of the deliverables by the customer or sponsor? - CORRECT ANSWER Requirements documentation or the scope baseline as well as work performance data from other processes Which of the following are tools and techniques of the Control Scope process? - CORRECT ANSWER Data analysis

Which of the following are forms of power? - CORRECT ANSWER Referent, situational, and expert What is the main purpose of the stakeholder register? - CORRECT ANSWER Identify stakeholders who can provide information on the requirements Within the Conduct Procurements process, expert judgement should be considered from individuals or group with specialized knowledge or training in which of the following topics? - CORRECT ANSWER Proposal evaluation Which of the following is an output to Define Activities process? - CORRECT ANSWER Change requests Which of the following is a tool or technique used in the Perform Qualitative Risk Analysis process? - CORRECT ANSWER Risk categorization The buyer, usually through its authorized procurement administrator, provides the seller with __________ as an output of the Control Procurements process. - CORRECT ANSWER Formal written notice that the contract has been completed Which of the following project management processes do NOT belong to the Executing Process Group? - CORRECT ANSWER Validate Scope Which of the following lists the steps - in order- used to resolve resource-related problems? - CORRECT ANSWER Identify, define, investigate, analyze, solve, check What do affinity diagrams allow to be classified into groups for reviews and analysis? - CORRECT ANSWER A large number of ideas The interaction of the various system components creates the organizational culture and capabilities that are important for the project. Which role is typically responsible for establishing the system? - CORRECT ANSWER Organization's management Which of the following depicts the three key skill sets in the PMI Talent Triangle? - CORRECT ANSWER Leadership, strategic and business management, and technical project management

The responsibility assignment matrix (RAM) is: - CORRECT ANSWER Used to illustrate the connections between work packages or activities and project team members. The basis for continuous quality improvement is the : - CORRECT ANSWER Plan- do-check-act (PDCA) cycle What type of chart is well-suited for displaying detailed descriptions of team member responsibilities? - CORRECT ANSWER Text-oriented On completion of the Identify Risks process, which of the following would be included in the risk register? - CORRECT ANSWER List of identified risks Which of the following is an output to the Control Schedule process? - CORRECT ANSWER Schedule forecast Which of the following are considerations for tailoring for project schedule management? - CORRECT ANSWER Life cycle approach, resource availability, and project dimensions Requirement-related activities are the responsibility of which role within the Project Scope Management Knowledge Area? - CORRECT ANSWER Business analyst The Plan Stakeholder Engagement process entails what? - CORRECT ANSWER It is the process of developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project When tailoring processes for Project Stakeholder Management, you should consider all of these EXCEPT: - CORRECT ANSWER Stakeholder engagement What does the project scope statement describe? - CORRECT ANSWER Product deliverables and budget constraints

Which of the following best describes contested and constructive changes? - CORRECT ANSWER Requested changes where the buyer and seller cannot reach an agreement on compensation for the change Examples of interpersonal skills that a project manager uses during Manage Stakeholder Engagement include each of the following EXCEPT: - CORRECT ANSWER Governance What is the definition of estimate at completion (EAC)? - CORRECT ANSWER The actual costs incurred for work completed, plus an estimate to complete(ETC) the remaining work Project managers spend the majority of their time communicating with team members and other project stakeholders. To communicate effectively, the project manager should generally perform all of the following EXCEPT: - CORRECT ANSWER Calculating the potential number of communication channels accurately Training has all of the following characteristics EXCEPT: - CORRECT ANSWER Costs associated with training should never be included in the project budget as added skills will be used beyond one project Which of the following describes why a responsible, accountable, cinsult, and inform chart is a useful tool? - CORRECT ANSWER Ensures a clear assignment of roles and responsibilities when the team consists of internal and external resources When tailoring processes for Project Resource Management, you should consider all of these EXCEPT: - CORRECT ANSWER Number of team members Which of the following can be used as an input in the Direct and Manage Project Work process? - CORRECT ANSWER Project documents Which of the following are outputs of the Plan Risk Responses process? - CORRECT ANSWER Change requests, project management plan updates, and project documents updates

All of the following are inputs to the Estimate Activity Resources process EXCEPT:

• CORRECT ANSWER Resource breakdown structure (RBS) Acquire resources is the process of confirming resource availability and obtaining the team necessary to complete project activities. The enterprise environmental factors that can influence this process generally include all of the following EXCEPT: - CORRECT ANSWER Political philosophy Which of the following is a tool or technique of the Monitor Risks process? - CORRECT ANSWER Meetings Which of the following is the process of ensuring the information needs of the project and its stakeholders are met? - CORRECT ANSWER Monitor communications Customer satisfaction requires a combination of which of the following? - CORRECT ANSWER Combination of conformance to requirements and fitness for use Agile scope planning is especially useful when: - CORRECT ANSWER Business requirements are not stable All of the following are inputs to the Identify Risks process EXCEPT: - CORRECT ANSWER Risk mitigation plan SWOT analysis has all of the following characteristics EXCEPT: - CORRECT ANSWER Examines the project from each of the strengths, weaknesses, opp.... What is an output of the Perform Qualitative Risk Analysis process? - CORRECT ANSWER Project documents updates Complexity exhibits all of the following characteristics EXCEPT: - CORRECT ANSWER Containing high-risk parts Agreements and procurement documentation are inputs to which process associated with project risk management? - CORRECT ANSWER Identify risk

What input to the Control Costs process contains data on project status such as which costs have been authorized, incurred, invoiced, and paid? - CORRECT ANSWER Work performance data The main purpose of control charts is to: - CORRECT ANSWER Determine whether or not a process is stable or has predictable performance