CAPM PMI PRACTICE EXAM Questions and Answers

what describes the approved version of the time-phased project budget, excluding any management reserves, which can be changed only though formal change control procedures and is used as a basis for comparison to actual ...

what describes the approved version of the time-phased project budget, excluding any management reserves, which can be changed only though formal change control procedures and is used as a basis for comparison to actual results? - ANSWER Cost Baseline The following are all key competencies of a project manager except: - ANSWER Operational Management As an output of the Monitor Risks process, an updated risk register generally includes the following except: - ANSWER Risk register Benchmarking involves comparing actual or planned project practices to those of comparable projects with all of the following characteristics except: - ANSWER comparing practices within the performing organization or outside of it You are managing a project in which you intend to respond to high levels of change and ongoing stakeholder involvement. The most suitable project life cycle for your project is the : - ANSWER Adaptive life cycle which of the following represents processes concerned with establishing and controlling the cost baseline? - ANSWER estimate costs, develop, budget, and adhere to baseline the interaction of multiple factors within an individual organization creates a unique system that impacts the project operating in that system. Which of the following are system factors? - ANSWER Management elements, governance frameworks, and organizationsl structure types Each of the following describes the role of the project manager, except: - ANSWER They need to be an experts or knowledgeable of all aspects of their endeavor what is the definition of estimate at completion (EAC)? - ANSWER the actual costs incurred for work completed, plus an estimate to complete (ETC) the remaining work the cost of quality associated with a project consists of one or more of which of the following costs? - ANSWER prevention, appraisal, and failure costs which of the following represents the best definition for resource leveling? - ANSWER technique in which adjustments are made to the project schedule to optimize the allocation of resources and which may affect critical path What is the purpose of initiating process group? - ANSWER Align the stakeholders' expectations and the project purpose, inform stakeholders of the scope and objectives, and discuss how their participation in the project and its associated phases can help to ensure their expectations are met what are the primary benefits of meeting quality requirements when using cost-benefit analysis in the Plan Quality Management process - ANSWER less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. which of the following requirements describes temporary capabilities needed to move from the current as-is state to the desired future state? - ANSWER transition and readiness requirements the buyer, usually through its authorized procurement administrator, provides the seller with______________________ as an output of the Control Procurements process. - ANSWER formal written notice that the contract has been completed What is used to consider the effectiveness of the risk management process? - ANSWER Risk Audit Which of the following identifies any document or communication that defines the initial intentions of a project? - ANSWER Agreement Project managers exhibit different leadership styles. Each of the following is a common leadership style except? - ANSWER motivational 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? - ANSWER preventative action -(future): intentional activity that ensures that the future performance of project work aligns Projects operate within the constraints imposed by the organization through their structure and governance framework. The system factors include all of the following except: - ANSWER project management processes which of the following is an input to the determine budget process? - ANSWER resource management plan what type of projects use an approved version of the project scope statement, work breakdown structure (WBS) and its associated WBS dictionary as the scope baseline for the project? - ANSWER predictive projects the organizations processes and procedures for conducting project work during project initiation and planning include all of the following except: - ANSWER traceability matrices Monitor communications is the process of: - ANSWER ensuring that the information needs of the project stakeholders are met throughout the entire projects life cycle risk probability and impact assessments consider the likelihood that a risk will occur and its potential effect on project objectives, respectively. Which of the following characteristics further describe this data analysis technique? - ANSWER The level of probability and its impact on each objective are evaluated during interviews or meetings which of the following best defines the purpose of test and evaluation documents? - ANSWER they are used to evaluate the achievement of quality objectives all legal contractual relationships generally fall into one of the following broad categories except - ANSWER request for proposal (RFP) the types and quantities of resources required for each activity in a work package are included in which of the following? - ANSWER resource requirements which of the following an an input of the control scope process? - ANSWER work performance data which of the following allows stakeholders to experiment with a model of the final product rather than being limited to discussing abstract representations of their requirements? - ANSWER prototypes as part of the communications model, the sender is responsible for: - ANSWER confirming that the communication is correctly understood requirement- related activities are the responsibility of which role within the project scope management knowledge? - ANSWER business analysts in rolling wave planning - ANSWER the work to be accomplished in the near term is planned in detail whereas the work in the future is planned at a higher level which is the following definition of a RACI chart? - ANSWER common type of responsibility assignment matrix to define the involvement of stakeholders in project activities when tailoring processes for project resource management, you should consider all of these except - ANSWER number of team members which of the following is a tool and technique to the control schedule process? - ANSWER schedule compression: analogous cost estimating uses which of the following costs? - ANSWER actual cost of previous or similar projects each of the following is true about project stakeholder management except: - ANSWER when does the control resources processes typically take place in the project life cycle - ANSWER periodically throughout the project as needed all of the following are true about project phases and the project life cycle except: - ANSWER cost and staffing levels are generally steady throughout the project life cycle In earned value management, the cost variance is equal to: - ANSWER CV = EV - AC difference between earned valued and actual costs the interaction of the various system components creates the organizational culture and capabilities that are important for the project. Which role is typically responsible for establishing the system? - ANSWER organizational management tools and techniques of the perform quantitative risk analysis process include: - ANSWER expert judgment, data gathering, simulations and decision tree anaylsis which of the following is an output for the validate scope process? - ANSWER accepted deliverables which of the following strategies for threats involves payment of a risk premium to the party taking on the threat? - ANSWER transfer subsidiary management plan components include scope management plan and which of the following? - ANSWER cost management which of the following are examples of explicit knowledge? - ANSWER records all of the following are data analysis techniques used in project closeout except: - ANSWER regression analysis... a significant amount of data is collected and analyzed throughout the project. All of the following are examples of project data and information except: - ANSWER work performance analysis what are some key benefits of the close project or phase process? - ANSWER the planned work is completed and organizational team resources are released to pursue new endeavors what is the key benefit of managing project knowledge? - ANSWER prior knowledge is leveraged to improve outcomes and knowledge created is available to support future projects which of the following is a tool and technique of the conduct procurements process? - ANSWER bidder conferences when a buyer seeks to ensure that a proposal selected will offer the best quality for the services required, what type of evaluation is used: - ANSWER source selection criteria leveraging prior knowledge to improve outcomes and making knowledge created avaible for future projects is a key benefit of which of the following project integration management processes> - ANSWER manage project knowledge in agile/ adaptive environments, who determines how plans and components should integrate? - ANSWER team members on completion of the identify risks process, which of the following would be included in the risk register? - ANSWER list of identified risks the basis for continuous quality improvement is the: - ANSWER plan -do-check-act cycle (PDCA) what do affinity diagrams allow to be classified into groups for review and analysis? - ANSWER a large number of ideas the fast tracking method of schedule compression involves - ANSWER performing in parallel for a portion of their duration activities or phases that are normally done in sequence may result in rework and increased risk whose objectives does the project quality management aim to meet? - ANSWER stakeholders which of the following best describes a decision tree? - ANSWER used to support selection of the best of several alternative courses of action which of the following is an input to the sequence activities process? - ANSWER scope baseline project management processes: - ANSWER may be overlapping activities that occur throughout the project which of the following is the definition of portfolio management? - ANSWER centralized management of one or more portfolios to achieve strategic objectives select the best description of the planning process group - ANSWER to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase all of the following are characteristics of the project charter except: - ANSWER formally authorizes the existence of a project which of the following are close project and phase tools and techniques: - ANSWER expert judgment data anaylsis meetings which of the following best describes a product life cycle? - ANSWER a series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement which of the following interpersonal and team skills describes conducting activities that enhance the teams social relations and build a collaborative and cooperative working environment? - ANSWER team building what is the WBS typically used for? - ANSWER to organize and define the total scope of the project which cost-reimbursable contract provides the seller reimbursements for all allowable costs for performing the contract work and a fixed-fee payment calculated as a percentage of the initial estimated project cost? - ANSWER cost plus fixed feeF what is an input to the develop project management plan process? - ANSWER EEF's Your earned value management analysis indicates that your project is falling behind its baseline schedule. You know this because the cumulative EV is much: - ANSWER lower than the cumulative PV a change control board (CCB) is - ANSWER A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions. risk transference nearly often involves - ANSWER payments of a risk premium to the party taking on the risk which of the following is true about the validate scope process? - ANSWER it is the process of formalizing acceptance of the completed project deliverables quality and grade are not the same. a fundamental distinction is that: - ANSWER Quality is the degree a set of inherent characteristics fulfills requirements. Grade as a design intent is a category assigned to deliverables having the same functional use but different technical characteristics. all of the following are true about affinity diagrams except: - ANSWER They are used to identify the key issues and the suitable alternatives to be prioritized as a set of decisions for implementation which of the following are personally characteristics or traits? - ANSWER authentic, courteous, emotional what tools and techniques are used in the monitor communication process? - ANSWER expert judgment PM info system data representation interpersonal and team skills meetings when tailoring processes for project stakeholders management, you should consider all of these except: - ANSWER stakeholder engagment which of the following is least likely to be within the project manager's sphere of influence? - ANSWER government an adaptive project life cycle in which the deliverable is produced through a series of iterations that successively add functionality within a predetermined time frame is called: - ANSWER incremental life cycle which of the following are some of the factors that can affect the choice of communication technology? - ANSWER ease of use, project environment, and urgency of the need for information which of the following best defines an accept strategy, within the plan risk response process? - ANSWER acknowledge the opp. but take no proactive action which of the following is a process, whereby modifications to documents, deliverables, or baselines associated with the project are identified, documents, approved, or rejected? - ANSWER change control all of the following are inputs to manage project knowledge except: - ANSWER knowledge management you are observing and checking the progress and quality of project stakeholder relationships and adjusting strategies and plans for engaging stakeholders. this is known as: - ANSWER monitor stakeholder engagement where are high-level strategic and operational assumptions and constraints normally identified? - ANSWER the business case before the project is initiated and will flow into the project charter all of the following are outputs to close project or phase except: - ANSWER EEF's the precedence diagramming method (PDM) is: - ANSWER a technique in which activities are graphically linked by logical relationship to show the sequence in which the activities are to be performed A thorough analysis of the ____________________ will help identify potential risks to the project. - ANSWER risk identification checklist based on historical information and knowledge where are the porject schedule management processes and their associated tools and techniques documented? - ANSWER schedule mgmt plan which of the following is an adaptive project life cycle in which the deliverable matures through a series of repeated cycles? - ANSWER iterative life cycle leadership and management are ultimately about being able to get things done, and power plays an important part. Which of the following best describe the various forms of power? - ANSWER positional personal relational guilt-based informational expertise which of the following is a tool and technique to the plan schedule management process? - ANSWER alt analysis what process involves tracking, reviewing, and reporting project progress against the defined performance objectives in the porject managment plan? - ANSWER monitor and control project work a documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization fo further project management activities is which of the following? - ANSWER buisness case which of the following is the least likely project consideration regarding tailoring? - ANSWER project mgmt skills and competency what are the tools and techniques used in the close project or phase process? - ANSWER expert judgment data analysis meetings cost quality includes all of the following except - ANSWER operating computers required for the project When a buyer seeks to ensure that a proposal selected will offer the best quality for the services required, what type of evaluation is used