CAPM Practice Exam PMBOK Guide 6th Edition 44 Question with Verified Answers,100% CORRECT, Exams of Business Economics

Download CAPM Practice Exam PMBOK Guide 6th Edition 44 Question with Verified Answers,100% CORRECT and more Exams Business Economics in PDF only on Docsity! CAPM Practice Exam PMBOK Guide 6th Edition 44 Questions with Verified Answers Select the best description of the planning process group The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to include in the project charter The process(es) performed to define a new project or a phase of an existing project by obtaining authorization to start the project or phase. The process(es) required to plan how the project will take place through meetings with project stakeholders. - CORRECT ANSWER The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. Which of the following data analysis techniques helps to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes? Influence diagrams Decision tree analysis Simulations Sensitivity analysis - CORRECT ANSWER Sensitivity analysis Using the data below, which item is MOST over budget? Item--------PV--------AC--------EV 1--------10,000--------11,000--------10,000 2--------9,000--------8,000--------8,000 3--------8,000--------8,000--------8,000 4-------7,000-------7,000--------5,000 - CORRECT ANSWER Cost Performance Index (CPI) A CPI value of less than 1.0 indicates a cost overrun for work completed. A CPI Value greater than 1.0 indicates a cost under-run of performance to date. CPI = EV / AC Item 4 All of the following are characteristics of the project charter EXCEPT: It formally authorizes the existence of a project. It provides a direct link between the project and the strategic objectives of the organization. It is used primarily to request bids for a project or a specific phase of a project. It provides the project manager with the authority to apply organizational resources to project activities. - CORRECT ANSWER It is used primarily to request bids for a project or a specific phase of a project. Memos and emails are examples of what communication method? Interactive Push Pull Change Requests are processed for review and disposition through the Perform Integrated Change Control process and may include which of the following types of change activities? Preventative action Nonconforming repair Swift Action Default repair - CORRECT ANSWER Preventative action Also acceptable Corrective Action Defect Repair CCB - CORRECT ANSWER Change Control Board. Responsible for approving or rejecting change requests. The roles and responsibilities of these boards are clearly defined within the configuration control and change control procedures, and are agreed upon by appropriate stakeholders. Assumption logs and issues logs are inputs to which Project Integration Management Process Direct and Manage Project Work Perform Integrated Change Control Monitor and Control Project Work Develop Project Management Plan - CORRECT ANSWER Monitor and Control Project Work Inputs to Monitor and Control Project Work - CORRECT ANSWER 1 Project Management Plan 2 Project Documents (assumption log, basis of estimates, cost forecasts, issues log, lessons learned register, milestone list, quality reports, risk register, risk report, schedule forecasts) 3 Agreements 4 Work Performance Information 5 Enterprise Environmental Factors 6 Organizational Process Assets What tool or technique can be used in the Monitor and Control Project Work Process? Cause-and-effect diagrams Matrix diagrams Logical Data Model Trend Analysis - CORRECT ANSWER Trend Analysis Tools & Techniques used in the Monitor and Control Project Work Process - CORRECT ANSWER Expert Judgement Data Analysis (alternative analysis, cost-benefit analysis, earned value analysis, root cause analysis, trend analysis, variance analysis) Decision Making Meetings What tool or technique is used in the Monitor and Control Project Work Process? Work performance trends Data analysis Schedule compression Facilitation techniques - CORRECT ANSWER Data analysis What change request is an intentional activity that ensures that the future performance of project work aligns with the project management plan? Update Preventative Action Defect Repair Corrective Action - CORRECT ANSWER Preventative Action Change requests are processed for review and disposition through the Perform Integrated Change Control process and may include which of the following types of change activities? Swift Action Default Repair Nonconformaing Repair Preventive Action - CORRECT ANSWER Preventive Action Which of the following is a tool and technique of the Perform Integrated Change Control process Stakeholder analysis Project Management Information Systems Virtual Teams Data Analysis - CORRECT ANSWER Data Analysis What is the name of a formally chartered group responsible for reviewing, evaluating, approving, deferring, or rejecting changes to the project, and for recording and communication such decisions? Final product, service, or result transition - CORRECT ANSWER Environment enterprise factor updates All of the following are part of the project performance summary in the final report EXCEPT: Scope Objectives, the criteria used to evaluate the scope, and evidence that the completion criteria were met. Quality objectives, the criteria used to evaluate the project and product quality. Environmental objectives, the criteria used to evaluate the impact of the project on both internal and external organizations Cost objectives, the criteria used to evaluate the accepted cost range, actual costs, and reasons for any variances. - CORRECT ANSWER Environmental objectives, the criteria used to evaluate the impact of the project on both internal and external organizations Which of the following activities are necessary for the administrative closure of the project or phase? Collecting any suggestions for improving or updating the policies and procedures of the organization and sending them to the appropriate organizational unit. Assuring benefits realization from the program and component projects. Resolving constraints and conflicts that affect multiple projects within the program. Prioritizing the work on the project to ensure the project resources are allocated to the appropriate work at the appropriate time. - CORRECT ANSWER Collecting any suggestions for improving or updating the policies and procedures of the organization and sending them to the appropriate organizational unit. Which of the following are Close Project and Phase tools and techniques: Expert judgement, Project management information systems, and meetings Expert judgement, data analysis, and meetings Expert judgement, data gathering and knowledge management. Expert judgement, Data gathering and data analysis. - CORRECT ANSWER Expert judgement, data analysis, and meetings What organization process assets are updated as part of the Close Project or Phase process? Change log Lessons learned repository Business Case Risk Report - CORRECT ANSWER Lessons learned repository Which of the following are inputs to Close Project or Phase Project Mangement Information System. Agreements and Quality Control Measurements Business Documents, Change Control Tools, and Requirements Documentation Procurement Documents, Lessons Learned, and Entreprise Environmental Factors Project Charter, Accepted Deliverables and Organizational Process Assets (OPAs) - CORRECT ANSWER NOPE: Business Documents, Change Control Tools, and Requirements Documentation What are some of the key benefits of the Close Project or Phase process? Project document updates and the release of organizational resources The release of organization resources and stakeholder approval Lessons learned and the release of organizational resources Lessons learned and project document updates - CORRECT ANSWER Lessons learned and the release of organizational resources The process of formalizing acceptance of the completed project is which project management process associated with the Project Scope Management Knowledge Area Control Scope Validate Scope Define Scope Plan Scope Management (5.5) - CORRECT ANSWER Validate Scope Which statement describes agile/adaptive environments? Less time is spent trying to define and agree on scope, and more time is spent establishing the process for its ongoing discovery. Less time is spent trying to establish a process for ongoing discovery, and more time defining and agreeing on scope. Equal time is spent trying to define and agree on scope while establishing ongoing discovery. No time is spent defining scope; all efforts are spent on establishing ongoing discovery. - CORRECT ANSWER Less time is spent trying to define and agree on scope, and more time is spent establishing the process for its ongoing discovery. The ability to influence the project's product, without significantly impacting cost is the highest at the start and decreases as the project progresses towards completion Stakeholder influences, risk, and uncertainty are greatest at the start of the project. These factors decrease over the life of the project. The cost of changes and correcting errors typically increases substantially as the project approaches completion. Cost and staffing levels are generally steady throughout the life of the project - CORRECT ANSWER Cost and staffing levels are generally steady throughout the life of the project 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: Project Waterfall Project Life Cycle Project Life Stages Project Management Process Groups - CORRECT ANSWER Project Life Cycle Which of the following is the definition of project management: The application of knowledge, skills, and science to organizational activities to achieve operational excellence The application of engineering and technical disciplines to achieve customer satisfaction. The application of critical path method and earned value management within a project The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. - CORRECT ANSWER The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.A