CAPM Practice Exam 2 - 4900 MGMT 51 Questions with Verified Answers, Exams of Business Economics

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CAPM Practice Exam 2 - 4900 MGMT 51 Questions with

Verified Answers

Which process is used to implement approved change requests: - CORRECT ANSWER Monitor and Control Project Work Project roles and responsibilities are often documented in a RACI matrix. RACI is an acronym for: - CORRECT ANSWER Responsibility, Accountability, Consult, Inform A ________ is a control point where deliverables are inspected to determine whether the project should continue onto its next phase, if changes or re-work is necessary, or if the project should be terminated. - CORRECT ANSWER Phase Gate Variables Sampling is used in Project Quality Management to determine conformity based on: - CORRECT ANSWER a continuous scale that measures the degree of conformity found in results under inspection You are presented the following project risks: What is the total Expected Monetary Value calculated for contingency reserve: - CORRECT ANSWER $1, The Stakeholder Register is an output of: - CORRECT ANSWER Identify Stakeholders Given the following factors: Earned Value = $14,000 Planned Value = $15, Actual Cost = $12,000What is the Cost Variance? - CORRECT ANSWER $2, All of the following may be considered Enterprise Environmental Factors, EXCEPT:

• CORRECT ANSWER Lessons Learned Five levels of Stakeholder Engagement are: - CORRECT ANSWER Unaware, Resistant, Neutral, Supporting, Leading

The Cost of Non-Conformance includes: - CORRECT ANSWER Internal and External Failure Costs The procurement document that requests potential sellers to provide a price to perform all the detailed work specified by the buyer is known as a: - CORRECT ANSWER Request for Quotation Lessons Learned from a previous project are considered: - CORRECT ANSWER Organizational Process Assets The process of Plan Procurement Management will produce the following outputs, EXCEPT: - CORRECT ANSWER Procurement Management Plan A Discretionary Dependency is: - CORRECT ANSWER always depicted as a finish- to-start relationship The Scope Baseline refers to: - CORRECT ANSWER The scope value as it was presented in the Business Case. The Closing process group includes: - CORRECT ANSWER Transition of ongoing operational responsibilities The process Perform Qualitative Risk Analysis includes which of the following tools and techniques: - CORRECT ANSWER Risk Probability and Impact Assessment In the process Manage Team, interpersonal and team skills are: - CORRECT ANSWER Tool & Technique Outputs of the Control Costs process include: - CORRECT ANSWER Work Performance Information, Cost Forecasts, and Change Requests The receiver responds with disagreement to your message. According to the communication model, this is an example of: - CORRECT ANSWER The receiver providing feedback Which is NOT among the Tools and Techniques of the Estimate Costs process: - CORRECT ANSWER Reserve Analysis

The risk strategy that shifts the impact of a threat to a third party is called: - CORRECT ANSWER risk transfer The Project Manager is the person: - CORRECT ANSWER assigned by the organization to lead the team to achieve project objectives. In which Project Procurement Management process does Negotiation occur: - CORRECT ANSWER Conduct Procurements In the context of an Agile Life Cycle, the Product Backlog refers to: - CORRECT ANSWER The collection of requirements to be estimated, prioritized and selected for inclusion for an iteration. Plan Stakeholder Management is primarily concerned with which of the following:

• CORRECT ANSWER Develop appropriate strategies and an actionable plan to effectively involve stakeholders based on their needs, expectations, and potential impact on the project Inputs to Plan Risk Response include: - CORRECT ANSWER Risk Register and Risk Management plan In the Precedence Diagram Method, a lag refers to: - CORRECT ANSWER a fixed delay imposed on a predecessor. The cost of change is: - CORRECT ANSWER Lowest at project initiation and increases over the project life cycle. The Business Case is input to which Project Integration process: - CORRECT ANSWER Develop Project Charter A risk with a potential positive outcome is called a: - CORRECT ANSWER Opportunity The Resource Breakdown Structure will decompose the ____ required to complete the project work: - CORRECT ANSWER Personnel, Material, and Equipment

A collection of projects that are managed in a coordinated way is called a: - CORRECT ANSWER Program The lowest level of decomposition in the WBS is called: - CORRECT ANSWER a work package Project Management Office (PMO) may be of the following types, EXCEPT: - CORRECT ANSWER Operating The process of updating the scope statement as it evolves over time is known as: - CORRECT ANSWER Progressive Elaboration According to Tuckman's ladder, team members adjust their work habits and learn to work together during this stage of team development: - CORRECT ANSWER Norming A project has a budget of $20,000. The planned value is currently $6,000. The project is 25% complete and $6,000 has been spent. Which statement is correct: - CORRECT ANSWER The project is on schedule Of the following contract types, which requires the seller to assume the risk of cost overruns? - CORRECT ANSWER Fixed Cost Using an online "live chat" function is an example of this communication method?

• CORRECT ANSWER Interactive The diagram below shows the correlations between two variables. This tool is known as a: - CORRECT ANSWER Scatter Diagram Stakeholders can be identified: - CORRECT ANSWER Within any of the five project management process groups You receive an email from a vendor that uses unfamiliar terms and abbreviations. This is considered: - CORRECT ANSWER Noise

The Process Group that provides feedback to implement corrective action is: - CORRECT ANSWER Monitoring and Controlling Which of the following is a Tool and Technique of Manage Stakeholder Engagement, categorized as Interpersonal and Team Skills: - CORRECT ANSWER Mind Mapping The Project Management Plan describes ____ the project is to be executed, monitored, and controlled, and closed. - CORRECT ANSWER How Which is NOT among the Tools and Techniques of Collect Requirements: - CORRECT ANSWER Inspection The project manager receives an estimate from a service provider, with an explanation of the assumptions. A copy is also sent to the project sponsor. The encoding was performed by: - CORRECT ANSWER The service provider In a Virtual team: - CORRECT ANSWER Technology is utilized to facilitate communications An estimate for an activity duration is provided based on a set rate of 2 hours per unit. Your project requires 60 units, therefore 120 hours. This is an example of what type of estimation technique: - CORRECT ANSWER Parametric A Discretionary Dependency is: - CORRECT ANSWER an activity relationship based on a preferred approach that is not absolutely required