CAPM Practice Exam 55 Question with Verified Answers,100% CORRECT, Exams of Business Economics

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CAPM Practice Exam 55 Question with Verified Answers

Management by Objectives - CORRECT ANSWER 1. The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called: The bulk of the project budget will be spent in the execution phase - CORRECT ANSWER 2. During the full life cycle of the project, a plot of the project's expected expenditures will usually follow a characteristic S curve. This indicates that: Concept - CORRECT ANSWER 3. In which project lifecycle phase would you expect to have the greatest influence on overall project cost? Total Quality Management & A common approach to implementing a quality improvement program - CORRECT ANSWER 5. TQM is - Tactical or bottom-up - CORRECT ANSWER 7. The type of planning that is equated with more specific data or is detailed in nature is called: Fixed Cost, Cost Per Use, Standard Cost, Overtime Cost - CORRECT ANSWER 8. What are the different types of costs in Microsoft Project? OPM3 - CORRECT ANSWER 9. What is the name of PMI's Organization maturity model for project management? Until the divestment of the operations at the end of the product life cycle - CORRECT ANSWER 14. Projects require project management while operations require business process management or operations management. Projects can intersect with operations at various points during the product lifecycle. Which of the following is not a stage to represent this? Subprojects - CORRECT ANSWER 17. Large projects may be divided into smaller, more manageable components known as,

Program manager - CORRECT ANSWER 18. A manager who manages a group of related projects is called a - customer satisfaction survey - CORRECT ANSWER 19. Which of the following activity is conducted last as part of closing process group? Initiation and planning - CORRECT ANSWER 21. A stakeholder has the greatest ability to influence a project during - Perform Quality Assurance - CORRECT ANSWER 24. Of the following, which is not a process from the Planning Process Group? Project Management Plan - CORRECT ANSWER 25. The Change Management Plan should be included in which of the following? Project Plan needs to have the buy in of the entire project team - CORRECT ANSWER 28. Which of the following is true about Project Plan? The project charter names and authorizes the project manager - CORRECT ANSWER 29. Which of the following statements is MOST True? Performance measurement report - CORRECT ANSWER 30. Which of the following may NOT be included in the Project Management Plan? senior management - CORRECT ANSWER 32. The project is characterized by frequent changes to the project charter. Authorizing project charter changes should typically be the responsibility of __________ The formally documented identification of a defect in a project component with a recommendation to either repair the defect or completely replace the component

• CORRECT ANSWER 33. Which of the following defines a Defect repair? Integrate budget changes but maintain the original cost baseline - CORRECT ANSWER 36. A budget change is requested and approved during the execution/control phase of the project. What is your MOST appropriate action following approval?

Project management plan... - CORRECT ANSWER 37. Which is NOT an output from the 'Direct and Manage Project Execution' process? Change control meetings - CORRECT ANSWER 39. Which is a tool and technique for the process 'Perform Integrated Change Control' process? Configuration control - CORRECT ANSWER 40. Which of the following is NOT a configuration management activity included in the integrated change control process? Chart of Accounts - CORRECT ANSWER 41. Any numbering system that is used to monitor project costs by category such as labor, supplies, or materials, for example, is called: Reviewing the performance of an installed software module - CORRECT ANSWER

42. An example of 'Validate Scope' process is : The original scope of the project plus or minus any scope changes - CORRECT ANSWER 44. A project manager is reviewing the scope of the project and the scope baseline of the project. Which of the following does it include? Assigning work to a specific resource - CORRECT ANSWER 46. When decomposing project work during WBS creation, which of the following activities is not part of the process : Decomposition - CORRECT ANSWER 49. Which of the following is NOT a tool and technique for the 'Define Scope' process? Facilitated workshops - CORRECT ANSWER 50. Which of the following are the Requirement workshops that are focused sessions that bring key cross functional stakeholders together to define product requirements? Plurality - CORRECT ANSWER 51. The method of reaching a group decision where the largest block in a group decides even if a majority is not achieved is known as : Collect Requirements - CORRECT ANSWER 52. Job Shadowing is -

Product Verification Criteria - CORRECT ANSWER 53. Which of the following may NOT be included in the Project Scope Statement? Accepted Deliverables - CORRECT ANSWER 54. Which of the following are not INPUT to the 'Validate Scope' process? Variance Analysis - CORRECT ANSWER 56. Which is the tool and technique for the 'Control Scope' process? Analogous Estimating - CORRECT ANSWER 57. You are the project manager of a project that is in its early phase. You need to estimate the duration of implementing the project. Based on your experience with similar past projects, you estimate a 6-month implementation time. What is this type of estimation technique called? Is not on the critical path - CORRECT ANSWER 58. An activity has an Early start(ES) of day 5, a Late Start (LS) of day 15, an Early Finish (EF) of day 8 and Late Finish(LF) of day 18. This activity : LS-ES = 15-5=10 or LF-EF = 10 Finish date won't change - CORRECT ANSWER 60. If a project has 5 days of project float and 10 days of total float, what will happen if the early start date is delayed 3 days, how will this impact the project completion date: Schedule baseline - CORRECT ANSWER 62. The original schedule (for a project, a work package, or an activity), plus or minus approved changes, is called: Reduce the overutilization of resources - CORRECT ANSWER Resource leveling will generally: 1.5 - CORRECT ANSWER 64. A task was scheduled to use two persons, full time, and take two weeks to complete. Instead, the project manager was only able to assign one person to this task. At the end of two weeks, the person assigned to the task was 75% complete. What is the cost performance index?

Resource breakdown structure - CORRECT ANSWER 72. Which is the output from the 'Estimate Activity Resources'? Which of the following is a characteristic of project management processes? (iterative, unique, unnecessary, standardized) - CORRECT ANSWER iterative The project life cycle differs from the project management process in that the project management process( it is the same for every project, does not incorporate methodology, is different for each industry, can spawn many projects) - CORRECT ANSWER It is the same for every project Who has the MOST power in a projected organization - CORRECT ANSWER the project manager What is a program (An initiative set up by management, A means to gain benefits and control of related projects, A group of unrelated projects ranged in a coordinated way, a government regulation) - CORRECT ANSWER A means to gain benefits and control of related projects A market demand, a business need, and/or legal requirements are an example of:

• CORRECT ANSWER reasons projects are initiated Operation work is different from project work in that operation work is (unique, temporary , ongoing and repetitive , A part of every project activity) - CORRECT ANSWER ongoing and repetitive In a projected organization, the project team: (reports to many bosses, has no loyalty to the project, reports to the functioning manager, will not always have a home) - CORRECT ANSWER will not always have a home What rule is being ignored when a project that was originally scheduled for completion in six moths has been ongoing for two years - CORRECT ANSWER projects are temporary How would you describe the main difference between a matrix organization and a functional organization in relation to the boss dynamic - CORRECT ANSWER The project team members usually report to two bosses in a matrix organization- the functional manager and the project manager

A group of programs to achieve a specific strategic business goal is called - CORRECT ANSWER a portfolio A project manager is trying to complete a software development project but cannot get enough attention for the project. Resources are focused on completing process-related work, and the project manager has little authority to properly assign resources. What form of organization must the project manager be working in? - CORRECT ANSWER Functional A project team member is talking to another team member and complains that many people are asking him to do things. if he works in a functional organization, who has the power to give him direction? - CORRECT ANSWER the functional manager Which of the following is NOT a project constraint (scope, cost, time, appearance)

• CORRECT ANSWER appearance A frequent complaint about matrix organization is that communication are (hard to automate, closed and inaccurate, complex, misleading) - CORRECT ANSWER Complex