CAPM PRACTICE EXAM 3|197 Questions with Verified Answers,100% CORRECT, Exams of Business Economics

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CAPM PRACTICE EXAM 3|197 Questions with Verified

Answers

"QUESTION NO: 1

Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team members and consultants project team members and stakeholders - CORRECT ANSWER Through whom do project managers accomplish work? project team members and stakeholders QUESTION NO: 3 A stakeholder expresses a need not known to the project manager. The project manager most likely missed a step in which stakeholder management process?" "Plan Stakeholder Management Identify Stakeholders Manage Stakeholder Engagement Control Stakeholder Engagement

" - CORRECT ANSWER A stakeholder expresses a need not known to the project manager. The project manager most likely missed a step in which stakeholder management process?" "Plan Stakeholder Management QUESTION NO: 4 Skills necessary for project management such as motivating to provide encouragement; listening actively; persuading a team to perform an action; and summarizing, recapping and identifying next steps are known as: organizational skills. technical skills. communication skills. hard skills. - CORRECT ANSWER Skills necessary for project management such as motivating to provide encouragement; listening actively; persuading a team to perform an action; and summarizing, recapping and identifying next steps are known as: communication skills. QUESTION NO: 5 When a project is undertaken to reduce defects in a product or service, the objective of the project is to create a/an: improvement. program. result. portfolio. - CORRECT ANSWER When a project is undertaken to reduce defects in a product or service, the objective of the project is to create a/an: improvement.

QUESTION NO: 6

The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk ___________. management. response. tolerance. appetite. - CORRECT ANSWER The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk ___________. appetite. "QUESTION NO: 7 The zero duration of milestones in project planning occurs because milestones: are unpredictable and challenge the Plan Schedule Management process. occur at random times in the project plans. represent a moment in time such as a significant project point or event. represent both significant and insignificant points in the project and are difficult to anticipate. - CORRECT ANSWER The zero duration of milestones in project planning occurs because milestones: represent a moment in time such as a significant project point or event. QUESTION NO: 8 The component of the human resource management plan that includes ways in which team members can obtain certifications that support their ability to benefit the project is known as: recognition and rewards. compliance. staff acquisition. training needs. - CORRECT ANSWER The component of the human resource management plan that includes ways in which team members can obtain certifications that support their ability to benefit the project is known as: training needs.

QUESTION NO: 9

Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be: continuous. discrete. regulated. arbitrary. - CORRECT ANSWER Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be: continuous. QUESTION NO: 10 In project management, a temporary project can be: completed without planning. a routine business process. long in duration. ongoing to produce goods. - CORRECT ANSWER In project management, a temporary project can be: long in duration. QUESTION NO: 11 Which document in the project management plan can be updated in the Plan Procurement Management process? budget estimates risk matrix requirements documentation procurement documents - CORRECT ANSWER Which document in the project management plan can be updated in the Plan Procurement Management process? requirements documentation

"QUESTION NO: 12

Which type of probability distribution is used to represent uncertain events such as the outcome of a test or a possible scenario in a decision tree? uniform continuous discrete linear" - CORRECT ANSWER Which type of probability distribution is used to represent uncertain events such as the outcome of a test or a possible scenario in a decision tree? discrete QUESTION NO: 14 Which process involves determining, documenting and managing stakeholders' needs and requirements to meet project objectives? Collect Requirements Plan Scope Management Define Scope Define Activities - CORRECT ANSWER Which process involves determining, documenting and managing stakeholders' needs and requirements to meet project objectives? Collect Requirements QUESTION NO: 15 Plan Communications Management develops an approach and plan for project communications based on stakeholders' needs and requirements and: available organizational assets. project staff assignments. interpersonal skills. enterprise environmental factors. - CORRECT ANSWER Plan Communications Management develops an approach and plan for project communications based on stakeholders' needs and requirements and: available organizational assets.

QUESTION NO: 16

What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?

0.50 - CORRECT ANSWER What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?

QUESTION NO: 17 A complete set of concepts, terms and activities that comprise an area of specialization is known as: a Knowledge Area. a Process Group. program management. portfolio management. - CORRECT ANSWER A complete set of concepts, terms and activities that comprise an area of specialization is known as: a Knowledge Area. QUESTION NO: 18 The risk response strategy in which the project team acts to reduce the probability of occurrence or impact of a risk is known as: exploit. avoid. mitigate. share. - CORRECT ANSWER QUESTION NO: 18 The risk response strategy in which the project team acts to reduce the probability of occurrence or impact of a risk is known as:

mitigate. " QUESTION NO: 19 Which process is conducted from project inception through completion and is ultimately the responsibility of the project manager? Control Quality Monitor and Control Project Work Control Scope Perform Integrated " - CORRECT ANSWER Which process is conducted from project inception through completion and is ultimately the responsibility of the project manager? Perform Integrated " "QUESTION NO: 20 Project management processes ensure: alignment with organizational strategy. an efficient means to achieve the project objectives. performance of the project team. an effective flow of the project throughout its life cycle. - CORRECT ANSWER Project management processes ensure: an effective flow of the project throughout its life cycle. QUESTION NO: 21 Which project risk listed in the table below is most likely to occur? Project Risks Probability Impact Risk 1 L M Risk 2 H H Risk 3 L L

Risk 4 M L A. 1 B. 2 C. 3 D. 4 - CORRECT ANSWER B. 2 QUESTION NO: 22 Which of these is an enterprise environmental factor? marketplace conditions policies and procedures project files from previous projects lessons learned from previous projects - CORRECT ANSWER Which of these is an enterprise environmental factor? marketplace conditions QUESTION NO: 23 Project Stakeholder Management focuses on: project staff assignments. project tea m acquisition. managing conflicting interests. communication methods. - CORRECT ANSWER Project Stakeholder Management focuses on: managing conflicting interests. QUESTION NO: 24 A risk that arises as a direct result of implementing a risk response is called a _______ risk. contingent residual potential

secondary - CORRECT ANSWER A risk that arises as a direct result of implementing a risk response is called a _______ risk. secondary QUESTION NO: 25 The purpose of developing a project scope management plan is to: manage the timely completion of the project. ensure that the project includes all of the work required. make sure the project will satisfy the needs for which it was begun. reduce the risk of negative events in the project. " - CORRECT ANSWER The purpose of developing a project scope management plan is to: ensure that the project includes all of the work required. "A tool or technique used in the Develop Project Charter process is/are: change control tools expert judgment meetings analytical techniques - CORRECT ANSWER A tool or technique used in the Develop Project Charter process is/are: expert judgment QUESTION NO: 27 Which items are components of a project management plan? change management plan, process improvement plan and scope management plan agreements, procurement management plan and work performance information schedule management plan, project schedule and resource calendars scope baseline, project statement of work and requirements traceability matrix - CORRECT ANSWER Which items are components of a project management plan? change management plan, process improvement plan and scope management plan

QUESTION NO: 28

Which project document is updated in the Control Stakeholder Engagement process? project reports issue log lessons learned documentation work performance information - CORRECT ANSWER Which project document is updated in the Control Stakeholder Engagement process? ] issue log QUESTION NO: 29 Which Project Time Management process includes bottom-up estimating as a tool or technique? estimate Activity Resources sequence Activities estimate Activity Durations develop Schedule - CORRECT ANSWER A Which Project Time Management process includes bottom-up estimating as a tool or technique? estimate Activity Resources QUESTION NO: 30 Progressively elaborating high-level information into detailed plans is performed by the: project management office. portfolio manager. program manager. project manager. - CORRECT ANSWER D Progressively elaborating high-level information into detailed plans is performed by the: project manager.

QUESTION NO: 31

One of the key benefits of the Plan Human Resource Management process is that it: outlines team selection guidelines and team member responsibilities. establishes project roles and responsibilities. improves teamwork, interpersonal skills, and competencies. provides an accurate appraisal of team member performance. " - CORRECT ANSWER b One of the key benefits of the Plan Human Resource Management process is that it: establishes project roles and responsibilities. Which Define Activities tool or technique is used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts? ""decomposition inspection project analysis document analysis - CORRECT ANSWER a Which Define Activities tool or technique is used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts? ""decomposition QUESTION NO: 33 In the Define Activities process, the schedule management plan is used to: capture the lessons learned from other projects for comparison. contain the standard activity list. document and support the project change requests. prescribe the level of detail needed to manage the worK - CORRECT ANSWER d In the Define Activities process, the schedule management plan is used to: prescribe the level of detail needed to manage the worK

QUESTION NO: 34

A project team attempts to produce a deliverable and finds that they have neither the expertise nor the time to complete the deliverable in a timely manner. This issue could have been avoided if they had created and followed a: risk management plan. human resource management plan. scope management plan. procurement management plan. - CORRECT ANSWER A project team attempts to produce a deliverable and finds that they have neither the expertise nor the time to complete the deliverable in a timely manner. This issue could have been avoided if they had created and followed a: D= procurement management plan. QUESTION NO: 35 A benefit of using virtual teams in the Acquire Project Team process is the reduction of the: cultural differences of team members. possibility of communication misunderstandings. costs associated with travel. costs associated with technology. - CORRECT ANSWER C A benefit of using virtual teams in the Acquire Project Team process is the reduction of the: costs associated with travel. QUESTION NO: 36 A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables is called a: triangular distribution. tornado diagram. beta distribution. fishbone diagram." - CORRECT ANSWER B

A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables is called a: tornado diagram. QUESTION NO: 37 "A full-time project manager with low to moderate authority and part-time administrative staff is working in an organizational structure with which type of matrix? strong weak managed balanced " - CORRECT ANSWER D "A full-time project manager with low to moderate authority and part-time administrative staff is working in an organizational structure with which type of matrix? balanced "Project Scope Management is primarily concerned with: developing a detailed description of the project and product. determining how requirements will be analyzed, documented, and managed. defining and controlling what is and is not included in the project." - CORRECT ANSWER C Project Scope Management is primarily concerned with: defining and controlling what is and is not included in the project." "QUESTION NO: 39 The lowest level normally depicted in a work breakdown structure (WBS) is called a/an: work package.

deliverable. milestone. activity. - CORRECT ANSWER A The lowest level normally depicted in a work breakdown structure (WBS) is called a/an: work package QUESTION NO: 40 The scope management plan and scope baseline are contained in: organizational process assets. a requirements traceability matrix. the project charter. the project management plan. - CORRECT ANSWER D The scope management plan and scope baseline are contained in: r the project management plan. QUESTION NO: 41 Which Manage Communications tool or technique focuses on identifying and managing barriers? communication methods information technology communication models information management systems - CORRECT ANSWER C Which Manage Communications tool or technique focuses on identifying and managing barriers? communication models QUESTION NO: 42 Which type of organizational structure is displayed in the diagram provided? balanced matrix projectized

strong matrix functional - CORRECT ANSWER B Which type of organizational structure is displayed in the diagram provided? projectized QUESTION NO: 43 Outputs of the Control Communications process include: expert judgment and change requests. work performance information and change requests. organizational process asset updates and an issue log. project management plan updates and an issue log. - CORRECT ANSWER B Outputs of the Control Communications process include: work performance information and change requests. QUESTION NO: 44 In the Plan Procurement Management process, which source selection criteria analyzes if the seller's proposed technical methodologies, techniques, solutions, and services meet the procurement documents requirements? technical approach technical capability business size and type production capacity and interest " - CORRECT ANSWER AIn the Plan Procurement Management process, which source selection criteria analyzes if the seller's proposed technical methodologies, techniques, solutions, and services meet the procurement documents requirements? technical approach "Stakeholder communication requirements should be included as a component of:

enterprise environmental factors. organizational process assets. "the project management plan. the stakeholder register. " - CORRECT ANSWER C "Stakeholder communication requirements should be included as a component of: "the project management plan. QUESTION NO: 46 Which group creativity technique asks a selected group of experts to answer questionnaires and provide feedback regarding the responses from each round of requirements gathering? the Delphi technique nominal group technique affinity diagram brainstorming - CORRECT ANSWER A Which group creativity technique asks a selected group of experts to answer questionnaires and provide feedback regarding the responses from each round of requirements gathering? the Delphi technique QUESTION NO: 47 At which point of the project is the uncertainty the highest and the risk of failing the greatest? final phase of the project start of the project end of the project midpoint of the project - CORRECT ANSWER B

At which point of the project is the uncertainty the highest and the risk of failing the greatest? start of the project QUESTION NO: 48 What type of project structure is a hierarchically organized depiction of the resources by type? organizational breakdown structure (OBS) resource breakdown structure (RBS) work breakdown structure (WBS) project breakdown structure (PBS) - CORRECT ANSWER B What type of project structure is a hierarchically organized depiction of the resources by type? resource breakdown structure (RBS) QUESTION NO: 49 The primary benefit of the Plan Schedule Management process is that it: provides guidance to identify time or schedule challenges within the project. tightly links processes to create a seamless project schedule. guides how the project schedule will be managed throughout the project. creates an overview of all activities broken down into manageable subsections. - CORRECT ANSWER C The primary benefit of the Plan Schedule Management process is that it: guides how the project schedule will be managed throughout the project. "

QUESTION NO: 50

Grouping the stakeholders based on their level of authority and their level of concern regarding project outcomes describes which classification model for stakeholder analysis? i "influence/impact grid power/influence grid power/interest grid salience model" Excerpt From: S. Hasnain Rizvi. "Rizvi's CAPM Exam Prep Guide." iBooks. - CORRECT ANSWER C Grouping the stakeholders based on their level of authority and their level of concern regarding project outcomes describes which classification model for stakeholder analysis? power/interest grid "Funding limit reconciliation is a tool and technique of which Project Cost Management process? Estimate costs "Control Costs Plan Cost Management Determine Budget" Excerpt From: S. Hasnain Rizvi. "Rizvi's CAPM Exam Prep Guide." iBooks. - CORRECT ANSWER Funding limit reconciliation is a tool and technique of which Project Cost Management process? Plan Cost Management "QUESTION NO: 52 What is the definition of Direct and Manage Project Execution? integrating all planned activities

performing the activities included in the plan developing and maintaining the plan execution of deliverables - CORRECT ANSWER B What is the definition of Direct and Manage Project Execution? performing the activities included in the plan QUESTION NO: 53 What name(s) is (are) associated with the Plan-Do-Check-Act cycle? Pareto Ishikawa Deming Delphi - CORRECT ANSWER C What name(s) is (are) associated with the Plan-Do-Check-Act cycle? Deming QUESTION NO: 54 Which tool or technique is required in order to determine the project budget? cost of quality historical relationships project management software forecasting - CORRECT ANSWER B Which tool or technique is required in order to determine the project budget? historical relationships QUESTION NO: 55 Requirements documentation will typically contain at least: stakeholder requirements, staffing requirements and transition requirements. business requirements, the stakeholder register and functional requirements. stakeholder impact, budget requirements and communications requirements. business objectives, stakeholder impact and functional requirements. - CORRECT ANSWER D

Requirements documentation will typically contain at least: stakeholder requirements, staffing requirements and transition requirements. business objectives, stakeholder impact and functional requirements. QUESTION NO: 56 Which process involves the creation of a document that provides the project manager with the authority to apply resources to a project? Define Activities Direct and Manage Project Work Develop Project Management Plan Develop Project Charter - CORRECT ANSWER D Which process involves the creation of a document that provides the project manager with the authority to apply resources to a project? Develop Project Charter QUESTION NO: 57 The process of identifying and documenting the specific actions to be performed to produce the project deliverables is known as: Define Activities Sequence Activities Define Scope Control Schedule " - CORRECT ANSWER A The process of identifying and documenting the specific actions to be performed to produce the project deliverables is known as: Define Activities "Which document includes the project scope, major deliverables, assumptions and constraints?

project charter" "project scope statement scope management plan project document updates - CORRECT ANSWER B "Which document includes the project scope, major deliverables, assumptions and constraints? "project scope statement QUESTION NO: 59 When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail using which type of estimating? bottom-up parametric analogous three-point - CORRECT ANSWER A When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail using which type of estimating? bottom-up QUESTION NO: 60 Definitions of probability and impact, revised stakeholder tolerances, and tracking are components of which subsidiary plan? cost management plan quality management plan communications management plan risk management plan - CORRECT ANSWER D

Definitions of probability and impact, revised stakeholder tolerances, and tracking are components of which subsidiary plan? risk management plan QUESTION NO: 61 Which component of the human resource management plan describes when and how project team members are acquired and how long they will be needed? resource breakdown structure staffing management plan project organizational chart scope management plan - CORRECT ANSWER B Which component of the human resource management plan describes when and how project team members are acquired and how long they will be needed? staffing management plan QUESTION NO: 62 What is an objective of the Develop Project Team process? feelings of trust and improved cohesiveness ground rules for interaction enhanced resource availability functional managers becoming more involved - CORRECT ANSWER A What is an objective of the Develop Project Team process? feelings of trust and improved cohesiveness QUESTION NO: 63 When is a Salience Model used? in a work breakdown structure (WBS) during quality assurance

in stakeholder analysis during quality control (QC) - CORRECT ANSWER C When is a Salience Model used? in stakeholder analysis QUESTION NO: 64 Which of the following is contained within the communications management plan? an organizational chart glossary of common terminology organizational process assets enterprise environmental factors " - CORRECT ANSWER B Which of the following is contained within the communications management plan? glossary of common terminology "Which of the following is a tool and technique for Estimate Activity Durations? "parametric estimating Monte Carlo analysis alternatives analysis bottom-up estimating - CORRECT ANSWER A Which of the following is a tool and technique for Estimate Activity Durations? "parametric estimating QUESTION NO: 66

Projects can be divided into phases to provide better management control. Collectively, what are these phases known as? complete project phase product life the project life cycle project cycle - CORRECT ANSWER C Projects can be divided into phases to provide better management control. Collectively, what are these phases known as? the project life cycle QUESTION NO: 67 Which of the following statements correctly characterizes pull communication? It includes letters, memos, reports, emails and faxes. It requires recipients to access communication content at their own discretion. It is the most efficient way to ensure a common understanding among all participants. It is primarily used when the volume of information to be transferred is minimal. - CORRECT ANSWER B Which of the following statements correctly characterizes pull communication? It requires recipients to access communication content at their own discretion. QUESTION NO: 68 Which Knowledge Area is concerned with the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval and ultimate disposition of project information? Project Integration Management Project Communications Management Project Management Information System (PMIS) Project Scope Management - CORRECT ANSWER B

Which Knowledge Area is concerned with the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval and ultimate disposition of project information? Project Communications Management QUESTION NO: 69 Which of the following tools or techniques is used for Estimate Activity Durations? critical path method rolling wave planning precedence diagramming method parametric estimating - CORRECT ANSWER D Which of the following tools or techniques is used for Estimate Activity Durations? parametric estimating QUESTION NO: 71 Taking out insurance in relation to risk management is called what? transference avoidance ""exploring mitigation - CORRECT ANSWER C aking out insurance in relation to risk management is called what? ""exploring QUESTION NO: 70 Which tool or technique of Plan Quality involves comparing actual or planned practices to those of other projects to generate ideas for improvement and provide a[...]" Excerpt From: S. Hasnain Rizvi. "Rizvi's CAPM Exam Prep Guide." iBooks. - CORRECT ANSWER Histogram