CAPM Practice Test Hard 77 Questions with Verified Answers,100% CORRECT, Exams of Business Economics

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CAPM Practice Test Hard 77 Questions with Verified

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The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called: - CORRECT ANSWER management by objectives 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: - CORRECT ANSWER The bulk of the project budget will be spent in the execution phase In which project lifecycle phase would you expect to have the greatest influence on overall project cost? - CORRECT ANSWER concept TQM is: - CORRECT ANSWER total quality management AND a common approach to implementing a quality improvement program The type of planning that is equated with more specific data or is detailed in nature is called: - CORRECT ANSWER tactical What are the different types of costs in Microsoft Project? - CORRECT ANSWER Fixed Cost, Cost Per Use, Standard Cost, Overtime Cost What is the name of PMI's Organization maturity model for project management?

• CORRECT ANSWER OPM Which of the following is NOT true about Project Management Office (PMO)? - CORRECT ANSWER PMO is not involved in coordinating communication across projects 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? - CORRECT ANSWER At each Executing phase

Enterprise environmental factors refer to both internal and external environmental factor that surround or influence a project's success. Of the following, which is NOT an enterprise environmental factor: - CORRECT ANSWER Historical data; its an OPA Large projects may be divided into smaller, more manageable components known as - CORRECT ANSWER subprojects Which of the following activity is conducted last as part of closing process group - CORRECT ANSWER customer satisfaction survey Conducting Lessons Learned is a critical part of - CORRECT ANSWER monitoring and controlling Of the following, which is not a process from the Planning Process Group? - CORRECT ANSWER perform quality assurance Which of the following is true about Project Plan? - CORRECT ANSWER Project Plan needs to have the buy in of the entire project team Which of the following statements is MOST True? - CORRECT ANSWER The project charter names and authorizes the project manager The project is characterized by frequent changes to the project charter. Authorizing project charter changes should typically be the responsibility of - CORRECT ANSWER senior management Facilitating a change to the project schedule involves each of the following, except, - CORRECT ANSWER replacing the original schedule baseline Which of the following is true? (star is correct one) - CORRECT ANSWER The project charter is developed during closing The project charter is developed during initiation The project charter is developed during planning The project charter is developed during execution

Which of the following is NOT a configuration management activity included in the integrated change control process? - CORRECT ANSWER configuration control Any numbering system that is used to monitor project costs by category such as labor, supplies, or materials, for example, is called: - CORRECT ANSWER chart of accounts An example of 'Validate Scope' process is (star is correct answer) - CORRECT ANSWER Reviewing the performance of an installed software module Managing changes to the project schedule Decomposing the WBS to a work package level Performing a benefit-cost analysis to determine if we should proceed A project manager is reviewing the scope of the project and the scope baseline of the project. Which of the following does it include? - CORRECT ANSWER The original scope of the project plus or minus any scope changes A project manager is reviewing the work breakdown structure for her project. The WBS for the project represents: - CORRECT ANSWER All the work that must be completed for the project In a very large project having a budget of $5 million and a project team of over one hundred persons, the project manager constructs a work breakdown structure. The project manager will do the WBS to the detail level of which what?

• CORRECT ANSWER work package Which of the following is NOT a tool and technique for the 'Define Scope' process? - CORRECT ANSWER Decomposition Which of the following are the Requirement workshops that are focused sessions that bring key cross functional stakeholders together to define product requirements? - CORRECT ANSWER facilitated workshops 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 : - CORRECT ANSWER plurality

Which of the following may NOT be included in the Project Scope Statement? - CORRECT ANSWER Product verification criteria Which of the following are not INPUT to the 'Validate Scope' process? - CORRECT ANSWER Accepted deliverables Which is the tool and technique for the 'Control Scope' process? - CORRECT ANSWER Variance analysis 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: - CORRECT ANSWER Is not on the critical path 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: - CORRECT ANSWER the finish date won't change The original schedule (for a project, a work package, or an activity), plus or minus approved changes, is called: - CORRECT ANSWER schedule baseline Resource leveling will generally: - CORRECT ANSWER Reduce the overutilization of resources 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? - CORRECT ANSWER 1.5; each work is worth .25 so .75/.50 (3 weeks of work done divided by 2 weeks of work done) In the first attempt in resource leveling the project schedule, what would you expect to occur? (think of diagram) - CORRECT ANSWER The overall project duration will increase; spreading tasks out A project manager would like to manage his project in such a way that he will be able to predict the duration of the project more accurately, even though the estimates for the duration of the activities have a lot of variability. The project manager should use which method to more accurately predict the project

completion date? - CORRECT ANSWER PERT; program evaluation and review technique. In PERT, each of the activities has the optimistic, pessimistic, and most likely duration estimated. The weighted average is calculated by adding the optimistic, pessimistic and four times the most likely duration and dividing by 6. For a project with the following data, evaluate the project's burn rate : PV = $750,000, EV = $750,000 and AC = $900,000 - CORRECT ANSWER 1.2; Burn Rate = 1/CPI or AC / EV Post-mortem analysis after scheduled finish date of a project shows a CPI of 0. and an SPI of 1.25. What is a plausible explanation for that? - CORRECT ANSWER The project was terminated early. At that time, it was over budget and ahead of schedule A budgetary estimate should be accurate to what degree? - CORRECT ANSWER - 10% to +25% Which of the following statements is MOST true? (star is correct) - CORRECT ANSWER Price and cost are essentially interchangeable Price includes all direct costs, whereas cost includes all indirect project costs Price and cost are not the same Price should be considered as a lifecycle costing factor, whereas cost should not be Which of the following statements is MOST true regarding Cost Baselines? - CORRECT ANSWER Cost baselines are typically illustrated using graphs. Plotted cost baselines usually form an S curve appearance Tools and Techniques for 'Control Costs' process includes all of the following except - - CORRECT ANSWER Variance analysis, this is TT for control scope Which of the following mechanisms or processes is adopted to validate that the work is done to the customer satisfaction/requirement even before you present it to the customer? - CORRECT ANSWER perform quality control Which of the following is the LEAST true? (Star is right) - CORRECT ANSWER Prevention over Inspection is a preferred project quality concept

Pareto diagrams typically identify 20% of all possible root causes that are responsible for 80% of the problems Project QC monitors both product related deliverables and project management deliverables Statistical sampling is a QC technique that requires inspection of only 50% instead of 100% of the population, thus reducing testing time by half You have discovered a problem and are trying to determine the cause. The process whereby you identify the variables that have the most influence on the project by holding all the variables constant and changing one at a time is called: - CORRECT ANSWER Design of experiment; this is a statistical method for identifying which factors may influence specific variables of a product or process under development or in production A category or rank given to products that have the same functional use but different technical characteristics is called the product's - CORRECT ANSWER grade A responsibility assignment matrix: - CORRECT ANSWER Shows assignment and levels of authority and does not indicate time Herzberg divided motivation factors into two classes: satisfiers and dissatisfiers. Examples of satisfiers are: - CORRECT ANSWER Sense of personal achievement, work satisfaction; Projects must often have their own reward and recognition systems since the systems of the performing organization may be not appropriate The skill of listening involves more than just hearing the sounds. One of the characteristics of a good listener is that he or she: - CORRECT ANSWER Repeats some of the things said Which conflict resolution technique should be used when the deadline is critical and tasks are at risk of slipping? - CORRECT ANSWER forcing Which of the following is NOT a tool and technique for the 'Acquire Project Team' process? - CORRECT ANSWER resource calendars; this is an output for this process

Team development will be MOST difficult to achieve under which of the following conditions? - CORRECT ANSWER When team members are accountable to both - project manager and functional manager The five stages of development of teams is represented by - - CORRECT ANSWER Forming, Storming, Norming, Performing, Adjourning Which of the following is TRUE about Progress Reports, a report that informs the stakeholders about the progress of the project? - CORRECT ANSWER They allow stakeholders to judge the performance of the project according to its plan The three principal interests in maintaining good document control are: - CORRECT ANSWER Effective communication, ability to reconstruct why decisions were made and historical value Your project manager wants to handle communications well in his project. In order to do this he has chosen to write a communications plan. Of the items listed below, which one is not part of the communications plan? - CORRECT ANSWER Project organizational structure Which of the following techniques allows for the participants to be anonymous? - CORRECT ANSWER Delphi technique; allows participants to be located in different parts of the world. It lends itself to using e-mail. In the process, the participants submit their ideas anonymously. The facilitator receives the ideas, categorizes them, and returns the list to the participants. in the communications model, communications between the sender and the receiver often are affected by communications barriers. These include all of the following except: - CORRECT ANSWER lack of communication device Formal written communication with the customer is required when - CORRECT ANSWER Customer requests some additional work not covered under the contract The Power /interest grid groups the stakeholders based on - CORRECT ANSWER Level of authority (power) and their level of concern (interest)

wo vendors offer to sell similar electronic components, which are integrated at the vendor's site. To avoid risk while evaluating the bids, the project manager views such items as the vendors: - CORRECT ANSWER Price, experience, delivery means You are currently in the planning process and have identified the risks associated with this project and are ready for the next step. What is the next step? - CORRECT ANSWER Assign probability and impact values using qualitative or quantitative analysis Sensitivity analysis is one of the tools involved in performing quantitative risk analysis. What are the advantages of using sensitivity analysis? - CORRECT ANSWER Management understands that there is a range of possible outcomes; allows the project team to understand the effect of each variable in the project, and allows management to see that there is a range of possible outcomes A project of $1.5 million has an adverse event that has the probability of 60% of occurrence and a potential loss of $25,000. This represents an expected negative value of - CORRECT ANSWER 15,000; Expected value= Probability x Outcome Which of the following statements is MOST incorrect (Star) - CORRECT ANSWER A risk has a cause and, if it occurs a consequence There are negative risks and positive risks Positive risks may be viewed as opportunities and should be pursued Negative risks must be eliminated before project plan execution

• risks can't be avoided Which of the following statements is MOST true? - CORRECT ANSWER Risks that are assessed with scores in the lower left portion of a typical P-I matrix indicate low probability with low impact Risks that are assessed with scores in the lower left portion of a typical P-I matrix indicate high probability with high impact Risks that are assessed with scores in the upper right portion of a typical P-I matrix indicate low probability with low impact Risks that are assessed with scores in the upper right portion of a typical P-I matrix indicate high probability with low impact

As part of planning, you are identifying risks and impacts of risk on your project. Chris, a project team member, is confused by what risk means. Your explanation is that a risk is a (an) ___________________ occurrence of event that can affect the project for good or bad. - CORRECT ANSWER uncertain Which is not an example of a correctly handled Contract closure procedure? - CORRECT ANSWER Early termination of a contract because of an immaterial breach Which type of contract would your Project Manager NOT want to use when he does not have enough staff in the financial department to audit invoices - CORRECT ANSWER cost plus fixed fee; this needs the most auditing as the risk is highest at the buyer's end and also because of the size and the cost involved in these types of contracts Your colleague, Shelly has recently been promoted as the Project Manager for an Infrastructure project. She is in the process of procurement of material for his project. Since you have been involved in procurement activities with your project manager, Shelly needs assistance in identifying the contract type where the seller's profit is limited? - CORRECT ANSWER Cost-plus-fixed-fee contract; this specifies fixed fee which indicates that the profit of the seller is fixed in this type of contract and has been decided with the buyer in confidence Which is NOT an output from the 'Plan Procurements' process? - CORRECT ANSWER Procurement decisions Which of the following is a tool and technique for the 'Control Procurements'? - CORRECT ANSWER Records management system An important stakeholder in a project is at an 'unaware' state at present, i.e. he does not know what is going on in a project. You reckon that his support could be very important. Which of the following is the BEST way to get him to a 'supportive' state? - CORRECT ANSWER Assign some work or review activity to him; involving the stakeholders in the project work is a good way to get them to support the project

What is the best way to manage stakeholders which are low on power and interest? - CORRECT ANSWER monitor them During stakeholder analysis, the project manager and team may use many different models to classify stakeholders. The model that helps to analyze a stakeholder's ability to impose his or her will or power and influence the need for immediate attention from the project team along with the legitimacy of the stakeholder's involvement is the: - CORRECT ANSWER Salience model; this addresses stakeholder power, urgency and legitimate involvement in a project