CAPM PRACTICE EXAM 2|256 Questions with Verified Answers,100%CORRECT, Exams of Business Economics

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CAPM PRACTICE EXAM 2|256 Questions with Verified

Answers

The experiences of an organization's members are the basis for its _________. A. culture B. structure C. operations D. maturity - CORRECT ANSWER The experiences of an organization's members are the basis for its _________. A= The culture of an organization is created by its members' experiences. Organizational structures can be: A.functional, strategic or balanced. B.functional, projectized or iterative. C. operational, balanced matrix or iterative. D. composite, functional or projectized. - CORRECT ANSWER Organizational structures can be: A.functional, strategic or balanced. B.functional, projectized or iterative. C. operational, balanced matrix or iterative. D. composite, functional or projectized. D= CORRECT ---1) FUNCTIONAL (2) MATRIX (3) PROJECTICISED When an organization is structured in a balanced or strong matrix, project resources are _____________. A. dedicated B. borrowed

C. coordinated D.reserved - CORRECT ANSWER When an organization is structured in a balanced or strong matrix, project resources are _____________. borrowed In a weak matrix structure, the ____________ manager reports to the _____________ manager. A. functional, project B. project, functional C. coordinating, functional D. project, coordinating - CORRECT ANSWER In a weak matrix structure, the ____________ manager reports to the _____________ manager. A. functional, project B. project, functional C. coordinating, functional D. project, coordinating B= project, functional A problem intrinsic to a matrix organization is that: A. additional time and effort are needed to acquire team members. B. no one individual is fully responsible for the project. C. there is concern about work availability at the end of a project. D. responses to clients can be delayed. - CORRECT ANSWER A problem intrinsic to a matrix organization is that:? additional time and effort are needed to acquire team members. An advantage of a functional organization is ______________.

A. resources are balanced B. the project manager has independence and authority C. staff fluctuations are minimized D. there is flexibility in the use of staff - CORRECT ANSWER An advantage of a functional organization is ______________. there is flexibility in the use of staff. Which, if any, of the following statements are true? A. Organizational process assets can be augmented throughout the course of a project. B. Organizational process assets include any conditions that can influence a project. C. Enterprise environmental factors often serve as outputs to planning processes. D. None of the above statements are true. - CORRECT ANSWER Which, if any, of the following statements is true? A. Organizational process assets can be augmented throughout the course of a project. B. Organizational process assets include any conditions that can influence a project. C. Enterprise environmental factors often serve as outputs to planning processes. D. None of the above statements are true. Project management processes are iterative and are dependent on and interact with one another. Enterprise environmental factorss include: A. knowledge bases attained from other, similar organizations. B. artifacts utilized in a project's governance. C. organizational culture. D. economic climate. - CORRECT ANSWER Enterprise environmental factorss include:

A. knowledge bases attained from other, similar organizations. B. artifacts utilized in a project's governance. C. organizational culture. D. economic climate. Enterprise environmental factors include= economic climate. __________________ is the alignment of a project with stakeholder objectives. A.Organizational administration B.The project baseline C. Project governance D.Project standards - CORRECT ANSWER __________________ is the alignment of a project with stakeholder objectives. A.Organizational administration B.The project baseline C. Project governance D.Project standards Project governance_____ is the alignment of a project with stakeholder objectives. An adaptive project life cycle is ___________ while a predictive project life cycle is _________. A. plan-driven,change-driven B. change-driven, plan-driven C. agile, plan-driven D. Both a & c are correct. - CORRECT ANSWER An adaptive project life cycle is ___________ while a predictive project life cycle is _________. A. plan-driven,change-driven B. change-driven, plan-driven C. agile, plan-driven D. Both a & c are correct.

D= answer ---> An adaptive project life cycle is ___________ while a predictive project life cycle is _________. Both a & c are correct. Which, if any, of the following statements is true? A. Project management processes function independently of one another. B. Most project management processes are completed once over the course of a project. C. Project management processes are iterative and are dependent on and interact with one another. D. None of these statements are true. - CORRECT ANSWER Which, if any, of the following statements is true? Project management processes are iterative and are dependent on and interact with one another. The _____________ of one management process is often the ___________ of the next process. A. input, output B. skills, data C. output, deliverable D. output, input - CORRECT ANSWER The _____________ of one management process is often the ___________ of the next process. ANS= output, input The ___________ Process group is performed to define a new project/ phase via obtaining authorization to start that project or phase. A. Initiating B. Planning C. Starting

D. Executing - CORRECT ANSWER The ___________ Process group is performed to define a new project/ phase via obtaining authorization to start that project or phase. A. Initiating B. Planning C. Starting D. Executing A= answer Tasks undertaken in the Planning Process group include: A. performing project assessment based on available information. B. acquiring and managing project resources through the use of human resource and procurement management plans. C. reviewing and assessing detail project requirements. D. obtaining feedback from relevant stakeholders. - CORRECT ANSWER Tasks undertaken in the Planning Process group include: . B. acquiring and managing project resources through the use of human resource and procurement management plans. One objective of the _______________ Process group is to align stakeholders' expectations with the goal of the project goal. A. Planning B. Executing C. Initiating D.Closing - CORRECT ANSWER One objective of the _______________ Process group is to align stakeholders' expectations with the goal of the project goal. A. Planning B. Executing C. Initiating D.Closing

C= CORRECT

A task associated with the Planning Process group is to: A. monitor and assess risk. B. archive project documents. C. verify procurement activity compliance with the procurement plan. D. review and assess project requirements, constraints and assumptions. - CORRECT ANSWER A task associated with the Planning Process group is to: D= review and assess project requirements, constraints and assumptions Anticipating changes in the productivity and availability of resources is an element of the _____________ Process group. A. Planning B. Executing C. Initiating D. Monitoring and Controlling - CORRECT ANSWER Anticipating changes in the productivity and availability of resources is an element of the _____________ Process group. B= EXECUTING Knowledge required for the closing process group includes: A. compliance with statutes and/ or the organization, B. risk identification, C. elements of a statement of work (SOW), D. scope deconstruction, - CORRECT ANSWER Knowledge required for the closing process group includes: A. compliance with statutes and/ or the organization,

Work performance data include: A. implementation status for change requests. B. information intended to generate decisions or raise issues. C. electronic dashboards and recommendations. D. start and finish dates. - CORRECT ANSWER Work performance data include: D. start and finish dates. Physical or electronic representations of work performance information are referred to as _____________________. A. information notes B. work performance information C. work performance reports D.work performance data - CORRECT ANSWER Physical or electronic representations of work performance information are referred to as _____________________. C. work performance reports Project managers are given authority to utilize organizational resources in the _________________. A. project charter B. project statement of work C. organizational assets D.business case - CORRECT ANSWER Project managers are given authority to utilize organizational resources in the _________________. A= PROJECT CHARTER A description of the products, services or result comprising a project deliverable can be found in the __________________. A. business case

B. project charter C. memorandum of understanding D. statement of work - CORRECT ANSWER A description of the products, services or result comprising a project deliverable can be found in the __________________. D. statement of work __________________ include( s) such things as templates, historical information and the lessons learned knowledge base. A. Statement of work B. Enterprise environmental factors C. Organizational process assets D.Contracts - CORRECT ANSWER __________________ include( s) such things as templates, historical information and the lessons learned knowledge base. C. Organizational process assets Analytical techniques are used in the _______process. A. Develop Management Plan B. Develop Project Charter C. Close Project or Phase D. Monitor and Control Project Work

. - CORRECT ANSWER Analytical techniques are used in the _______process. D. Monitor and Control Project Work The creation of a document defining the basis for all work involved in a project occurs as part of the _______________________ process. A. Develop Management Plan

B. Develop Project Charter C. Close Project or Phase D. Monitor and Control Project Work - CORRECT ANSWER The creation of a document defining the basis for all work involved in a project occurs as part of the _______________________ process. Develop Management Plan Outputs of the Perform Integrated Change Control process include: A. the scope management plan. B. work performance reports. C. deliverables D. Approved Changes - CORRECT ANSWER Outputs of the Perform Integrated Change Control process include: D. Approved Changes _________________ ensures that performance of future work aligns with the management plan while ______________ modifies nonconforming products or components of those products. - CORRECT ANSWER (CORRECTIVE ACTION)_________________ ensures that performance of future work aligns with the management plan while ___(DEFECT REPAIR)___________ modifies nonconforming products or components of those products. As part of the Perform Integrated Change Control process, the decisions of _____________________ are documented and communicated to stakeholders. a. the change control board b. the project manager c. the project team d. the control board - CORRECT ANSWER As part of the Perform Integrated Change Control process, the decisions of _____________________ are documented and communicated to stakeholders. A. change control board

When planning the management of project scope, the ______________ provides project descriptions and characteristics of the product. A. project management B. plan project charter C. scope management plan work breakdown D. schedule - CORRECT ANSWER When planning the management of project scope, the ______________ provides project descriptions and characteristics of the product. A. project management B. plan project charter C. scope management plan work breakdown D. schedule B= correct What is utilized to connect each product requirement with product deliverables and business needs? a. theWBS b. requirement traceability matrix c. requirements documentation d. prototypes - CORRECT ANSWER What is utilized to connect each product requirement with product deliverables and business needs? a. the WBS b. requirement traceability matrix c. requirements documentation d. prototypes B

"During the _____________________ process, stakeholder needs and requirements to meet project objectives are determined, documented and managed. Define Scope Manage Scope Create WBS Collect Requirements" - CORRECT ANSWER "During the _____________________ process, stakeholder needs and requirements to meet project objectives are determined, documented and managed. Define Scope Manage Scope Create WBS Collect Requirements" D= collect requirements "Indications of the ways in which individual requirements address the project's business need are found in the ___________________. A.requirements documentation B. business case C. traceability matrix D.prototypes - CORRECT ANSWER "Indications of the ways in which individual requirements address the project's business need are found in the ___________________. requirements documentation The concepts of unanimity, majority, plurality and dictatorship are part of ________________. the work breakdown schedule

the Manage Scope process group decision making benchmarking - CORRECT ANSWER The concepts of unanimity, majority, plurality and dictatorship are part of ________________. group decision making The __________________ process builds on the project's deliverables, assumptions and constraints, helping to ensure the success of that project. Collect Requirements Validate Scope Control Scope Define Scope - CORRECT ANSWER The __________________ process builds on the project's deliverables, assumptions and constraints, helping to ensure the success of that project. Define Scope What is created when a project manager or team subdivides deliverables and work into smaller components? work breakdown schedule decomposition scope management plan top-down template - CORRECT ANSWER What is created when a project manager or team subdivides deliverables and work into smaller components? work breakdown schedule In cases of future deliverables or subcomponents, _____________ may not be an immediate option. work packages

scope baselining formal acceptance decomposition - CORRECT ANSWER In cases of future deliverables or subcomponents, _____________ may not be an immediate option. decomposition Change requests and corrective or preventative actions are handled as part of the __________________ process. Validate Scope Control Scope Plan Scope Management None of the above" - CORRECT ANSWER Change requests and corrective or preventative actions are handled as part of the __________________ process. t None of the above" "The term ____________ requirements refers to stakeholder needs while ____________ requirements are related to the ways in which those needs are met. solution, quality business, technical functional, nonfunctional decomposition, facilitated " - CORRECT ANSWER "The term ____________ requirements refers to stakeholder needs while ____________ requirements are related to the ways in which those needs are met.

business, technical "The scope baseline used when planning schedule management is derived from ___________________ and _____________________. the project scope statement, the project charter the milestone schedule definition, enterprise environmental factors the project scope statement, the WBS project management software, the project management plan g - CORRECT ANSWER "The scope baseline used when planning schedule management is derived from ___________________ and _____________________. the project scope statement, the project charter the milestone schedule definition, enterprise environmental factors the project scope statement, the WBS project management software, the project management plan Which tools and techniques are utilized in the Define Activities process? the scope baseline and expert judgment the activity identifier and detailed work scope description enterprise environmental factors and organizational process assets decomposition and rolling wave planning - CORRECT ANSWER Which tools and techniques are utilized in the Define Activities process? decomposition and rolling wave planning The ______________ process involves the identification and documentation of relationships among project activities. Sequence Activities Define Activities Estimate Activities Develop Schedule - CORRECT ANSWER The ______________ process involves the identification and documentation of relationships among project activities. Sequence Activities

In what form of logical relationship is a successor activity unable to begin until the completion of a predecessor activity? finish-to-finish start-to-start finish-to-start start-to-finish" - CORRECT ANSWER In what form of logical relationship is a successor activity unable to begin until the completion of a predecessor activity? finish-to-start "________________________ are comprised of logical relationships presented in the form of a graph. Schedule management plans Activity resource requirements Research breakdown structure Project schedule network diagrams - CORRECT ANSWER "________________________ are comprised of logical relationships presented in the form of a graph. Project schedule network diagrams A resource breakdown schedule is: a hierarchical representation of resources by category and type. a series of dependencies among project schedule activities. a resource that identifies days and shifts on which resources are available. a list of assumptions concerning availability of resources. - CORRECT ANSWER A resource breakdown schedule is: a hierarchical representation of resources by category and type. In __________________, an algorithm is used to calculate cost/duration on the basis of historical data and project parameters. analogous estimating parametric estimating

contingency reserves activity duration estimates - CORRECT ANSWER In __________________, an algorithm is used to calculate cost/duration on the basis of historical data and project parameters. parametric estimating When utilizing three-point estimating, ____________ estimate is based on, among other things, the activity's duration considering the resources that will probably be assigned, their productivity and realistic expectations of availability. optimistic (tO) pessimistic (tP) most likely (tM) least likely (tL) - CORRECT ANSWER When utilizing three-point estimating, ____________ estimate is based on, among other things, the activity's duration considering the resources that will probably be assigned, their productivity and realistic expectations of availability. most likely (tM) __________________ is used to determine early start, early finish, late start and late finish dates. Critical chain method (CCM) Critical path method (CPM) PERT "What-if scenario analysis" - CORRECT ANSWER __________________ is used to determine early start, early finish, late start and late finish dates. Critical path method (CPM) Change requests and corrective or preventative actions are handled as part of the __________________ process. Validate Scope

Control Scope Plan Scope Management None of the above - CORRECT ANSWER Change requests and corrective or preventative actions are handled as part of the __________________ process. Control Scope Control thresholds represent -? - CORRECT ANSWER Control thresholds represent ---> agreed upon degree of variation on cost performance "For which resources should costs be reviewed and refined? labor and materials inflation allowances and financing and contingency costs equipment, facilities and services all of the above - CORRECT ANSWER "For which resources should costs be reviewed and refined? all of the above An analysis of the relationship between project fund consumption and completed physical work is made during the _________________ process. Determine Budget Estimate Costs Control Costs Plan Cost Management - CORRECT ANSWER An analysis of the relationship between project fund consumption and completed physical work is made during the _________________ process. Determine Budget Estimate Costs Control Costs

Plan Cost Management The term used for grouping cost estimates by work packages is: the scope baseline. parametric estimation. cost aggregation. analogous analysis. - CORRECT ANSWER The term used for grouping cost estimates by work packages is: cost aggregation. The _________________ serves as a summation of the budgets sanctioned for various schedule activities. cost baseline estimated activity costs management reserves scope baseline - CORRECT ANSWER The _________________ serves as a summation of the budgets sanctioned for various schedule activities. cost baseline To determine a project's status, its _______ and ________ values are converted to efficiency indicators. SPI, EV SV, CV EV, AC CPI, AC - CORRECT ANSWER To determine a project's status, its _______ and ________ values are converted to efficiency indicators. SV, CV

Making projections concerning the future conditions and events of a project is done by: forecasting the EAC. determining the CPI. calculating the EV. predicting the PV. - CORRECT ANSWER Making projections concerning the future conditions and events of a project is done by: forecasting the EAC. How is the variance at completion (VAC) calculated? by subtracting the AC from the EAC by adding the BAC to the EAC by subtracting the AC from the EV by subtracting the EAC from the BAC - CORRECT ANSWER How is the variance at completion (VAC) calculated? by adding the BAC to the EAC "The most valuable EAC forecast to make when the project schedule is impacting the ETC effort uses _________ and __________." - CORRECT ANSWER "The most valuable EAC forecast to make when the project schedule is impacting the ETC effort uses _________ and __________." SPI, CPI "_____________ is the degree to which a set of inherent characteristics meets requirements while _____________ is indicative of deliverables with the same functional use but that differ in terms of technical characteristics. Quality, grade Grade, class Rank, grade

Value, quality - CORRECT ANSWER "_____________ is the degree to which a set of inherent characteristics meets requirements while _____________ is indicative of deliverables with the same functional use but that differ in terms of technical characteristics. Quality, grade While _____________ determines correctness, ___________ involves exactness. quality, conformance usage, design accuracy, precision value, precision - CORRECT ANSWER While _____________ determines correctness, ___________ involves exactness. accuracy, precision One of the tenets of quality standards is that __________ trumps _________________. inspection, prevention prevention, inspection usage, inspection correction, prevention - CORRECT ANSWER One of the tenets of quality standards is that __________ trumps _________________. prevention, inspection Which, if any, of the following statements is false? Cost is only incurred at the end of a project. There is always a possibility that required work effort may or has been done incorrectly. Cost may be incurred at any point during or even following completion of a project.

A product having no obvious defects is sometimes appropriate for general use. - CORRECT ANSWER Which, if any, of the following statements is false? Cost is only incurred at the end of a project. A/an _____________________ compares each step's cost with the benefits of, among other things, less rework and greater profitability. cost of quality assessment prioritization matrix risk breakdown structure cost-benefit analysis - CORRECT ANSWER A/an _____________________ compares each step's cost with the benefits of, among other things, less rework and greater profitability. cost-benefit analysis During the _______________________ process, quality requirements and quality measurement results are audited. Plan Quality Management Perform Quality Assurance Control Quality Perform Quality Assessment - CORRECT ANSWER During the _______________________ process, quality requirements and quality measurement results are audited. Perform Quality Assurance "A _______________________ is a statistical method used to identify factors that influence specific product or process variables. cost-benefit analysis design of experiments (DOE)

cost of quality assessment tally sheets - CORRECT ANSWER "A _______________________ is a statistical method used to identify factors that influence specific product or process variables. cost-benefit analysis DOE During the _________________ process, managers and teams confirm that project deliverables meet the requirements for final acceptance by key stakeholders. Control Quality Plan Quality Management Perform Quality Assurance Perform Quality Assessment" - CORRECT ANSWER During the _________________ process, managers and teams confirm that project deliverables meet the requirements for final acceptance by key stakeholders. Control Quality "An organization's culture and structure serve as inputs to the ______________________ process. Acquire Project Team Plan Human Resource Management Develop Project Team Manage Project Team - CORRECT ANSWER "An organization's culture and structure serve as inputs to the ______________________ process. Plan Human Resource Management A chart displaying work as yet uncompleted, team members and their roles in completing that work is called a/an ________________________. hierarchical organization chart organizational breakdown chart responsibility assignment matrix

role description matrix - CORRECT ANSWER A chart displaying work as yet uncompleted, team members and their roles in completing that work is called a/an ________________________. responsibility assignment matrix When planning human resource management, it's important that work packages have one ___________________. organizational chart end result area of responsibility clear owner - CORRECT ANSWER When planning human resource management, it's important that work packages have one ___________________. clear owner Project managers can achieve an understanding about both political and interpersonal elements and access assets like specialized experience via _______________. Organizational theories resource calendars networking staffing management seminars" - CORRECT ANSWER Project managers can achieve an understanding about both political and interpersonal elements and access assets like specialized experience via _______________. networking "Responsibilities are assigned to team members as part of the _____________________ process. Acquire Project Team Plan Human Resource Management Develop Project Team Manage Project Team - CORRECT ANSWER "Responsibilities are assigned to team members as part of the _____________________ process.

Acquire Project Team Personnel administration and employee training records are _________________ updated during the Develop Team process. organizational process assets team performance assessments enterprise environmental factors human resources - CORRECT ANSWER Personnel administration and employee training records are _________________ updated during the Develop Team process. enterprise environmental factors Having good _________________ skills allows managers to communicate a project's vision and improve team performance. decision making leadership information analysis creativity - CORRECT ANSWER Having good _________________ skills allows managers to communicate a project's vision and improve team performance. leadership Which, if any, of the following statements is false? Factors affecting conflict resolution include the intensity of the conflict. Collaboration is a means of conflict resolution employed by those in power. As a means of resolving conflict, collaboration usually ends in a consensus. The force/direct form of conflict resolution provides a win/lose solution." - CORRECT ANSWER Which, if any, of the following statements is false? Factors affecting conflict resolution include the intensity of the conflict. "Collaboration is a means of conflict resolution employed by those in power."