CAPM Exam with complete solutions

Cost Variance formula - ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - ANSWER Processes performed to ...

Cost Variance formula - ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a course of action to attain the objectives Executing (Process Group) - ANSWER Processes performed to complete the work defined in the project management plan to satisfy objectives Monitoring & Controlling (Process Group) - ANSWER Processes to track, review, and orchestrate progress and performance of a project How many processes are in EXECUTING? - ANSWER 8 How many processes are in PLANNING? - ANSWER 24 How many processes are in INITIATING? - ANSWER 2 How many processes are in CLOSING? - ANSWER 2 How many processes are in MONITORING & CONTROLLING? - ANSWER 11 What are INPUTS? - ANSWER Tools and Techniques you can use to DO the process What are OUTPUTS? - ANSWER One or more things you can GET as a RESULT of doing the process How many processes are there? - ANSWER 47 How many knowledge areas are there? - ANSWER 10 What are the 10 knowledge areas? - ANSWER Integration, Scope, Time, Cost, Quality, Human Resources, Communication, Risk, Procurement, Stakeholder Closing (Process Group) - ANSWER Processes to conclude all activities across all process groups of a project Validate Scope: What process group? What knowledge area? - ANSWER Monitoring & Controlling (PG) Scope Management (KA) Validate Scope: What Tools and Techniques? - ANSWER Inspection Group Decision Making Develop Project Charter: What process group? What knowledge area? - ANSWER Initiating (PG) Integration Management (KA) Develop Project Charter: What Tools and Techniques? - ANSWER Expert Judgement Facilitation Techniques Create WBS: What process group? What knowledge area? - ANSWER Planning (PG) Scope Management (KA) Create WBS: What Tools and Techniques? - ANSWER Decomposition Expert Judgement Plan Scope Management: What process group? What knowledge area? - ANSWER Planning (PG) Scope Management (KA) Plan Scope Management: What Tools and Techniques? - ANSWER Expert Judgement Meetings Direct & Manage Project Work: What process group? What knowledge area? - ANSWER Executing (PG) Integration Management (KA) Direct & Manage Project Work: What Tools and Techniques? - ANSWER Expert Judgement PMIS Meetings Monitor & Control Project Work: What process group? What knowledge area? - ANSWER Monitoring and Controlling (PG) Integration Management (KA) Monitor & Control Project Work: What Tools and Techniques? - ANSWER Expert Judgement Analytical Techniques PMIS Meetings Perform Integrated Change Control: What process group? What knowledge area? - ANSWER Monitoring and Controlling (PG) Integration Management (KA) Perform Integrated Change Control: What Tools and Techniques? - ANSWER Expert Judgement Meetings Change Control Tools Close Project or Phase: What process group? What knowledge area? - ANSWER Closing (PG) Integration Management (KA) Close Project or Phase: What Tools and Techniques? - ANSWER Expert Judgement Analytical Techniques Meetings Define Scope: What process group? What knowledge area? - ANSWER Planning (PG) Scope Management (KA) Define Scope: What Tools and Techniques? - ANSWER Expert Judgement Product Analysis Alternatives Generation Facilitated Workshops Collect Requirements: What process group? What knowledge area? - ANSWER Planning (PG) Scope Management (KA) Collect Requirements: What Tools and Techniques? - ANSWER Interviews Focus Groups Facilitated Workshops Group Creativity Techniques Group Decision Making Questionnaires and Surveys Observations Prototypes Benchmarking Context Diagrams Document Analysis Control Scope: What process group? What knowledge area? - ANSWER Monitoring & Controlling (PG) Scope Management (KA) Control Scope: What is the ONLY Tool/Technique? - ANSWER Variance Analysis Develop Project Management Plan: What process group? What knowledge area? - ANSWER Planning (PG) Integration Management (KA) Develop Project Management Plan: What Tools and Techniques? - ANSWER Expert Judgement Facilitation Techniques What is a Requirements Management Plan? - ANSWER Plan that says HOW requirements will be analyzed, documented and recorded. This is PART OF the Project Management Plan Does NOT say what is in and out of scope What is Variance Analysis? - ANSWER A technique for determining CAUSE and DEGREE of difference between baseline and performance. What is TOTAL FLOAT? - ANSWER Amount of time an activity can be delayed without delaying the completion date What is the formula for TOTAL FLOAT? - ANSWER Late Start (LS) - Early Start (ES) OR Late Finish (LF) - Early Finish (EF) Plan Schedule Management: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Plan Schedule Management: What Tools and Techniques? - ANSWER Expert Judgement Analytical Techniques Meetings Define Activities: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Define Activities: What Tools and Techniques? - ANSWER Decomposition Rolling wave planning Expert Judgement Sequence Activities: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Sequence Activities: What Tools and Techniques? - ANSWER Precedence Diagramming method (PDM) Dependency Determination Leads and Lags Estimate Activity Duration: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Estimate Activity Duration: What Tools and Techniques? - ANSWER Expert Judgement Analogous estimating Parametric estimating Three-point estimating Group Decision making techniques Reserve analysis Develop Schedule: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Develop Schedule: What Tools and Techniques? - ANSWER Schedule Network Analysis Critical Path method Critical Chain method Resource Optimization techniques Modeling techniqies Leads and Lags Schedule Compression Scheduling tool Control Schedule: What process group? What knowledge area? - ANSWER Monitoring and Controlling (PG) Time Management (KA) Control Schedule: What Tools and Techniques? - ANSWER Performance Reviews PMIS Resource Optimization techniques Modeling techniqies Leads and Lags Schedule Compression Scheduling tool Estimate Activity Resources: What process group? What knowledge area? - ANSWER Planning (PG) Time Management (KA) Estimate Activity Resources: What Tools and Techniques? - ANSWER Expert Judgement Alternative Analysis Published estimating data Bottom Up Estimating PMIS Plan Cost Management: What process group? What knowledge area? - ANSWER Planning (PG) Cost Management (KA) Plan Cost Management: What Tools and Techniques? - ANSWER Expert Judgement Analytical Techniques Meetings Estimate Costs: What process group? What knowledge area? - ANSWER Planning (PG) Cost Management (KA) Estimate Costs: What Tools and Techniques? - ANSWER Expert Judgement Analogous estimating Parametric estimating Bottom up estimating Three-point estimating Reserve analysis Cost of quality PMIS Vendor Bid analysis Group Decision making techniques