Certified Associate in Project Management (CAPM) Questions and Answers Already Graded A

Certified Associate in Project Management (CAPM) Questions and Answers Already Graded A The project manager and team should consider each process along with its inputs, tools and outputs. As a result, they should choose which are applicable. This effort is known as Tailoring In Initiating, a project charter is created. According to the PMBOK, which person or group may help write the charter? Project management team The Monitoring and Controlling Process Group involves: Tracking, reviewing, and orchestrating the progress of the project Much information is collected and distributed during the life of the project. Data that is collected form controlling processes and analyzed in context is called: Work performance information The project manager should perform the Initiating processes at the start of each phase in order to: Keep the project focused on the business need As Planning occurs, more and more is known about the project and the project management plan becomes increasingly detailed. This detailing is known specifically as: Progressive elaboration The process group that involves coordinating people and resources, managing stakeholder expectations and completing the work defined in the project management plan is known as: Executing The Process group that contains more than 50% of the processes is known as: Planning Direct and Manage Project Work is the process of leading and performing the work defined in the project management plan. There are several outputs from this process. The only one defined as typically tangible components completed to meet the project objectives is: Deliverables In conjunction with the project manager, which person or group needs to address every process and the project environment to determine the level of implementation for each process? Project team The key benefit of one of the Integration processes is that it allows stakeholders to understand the current state of the project, the steps taken, budget, schedule, and scope forecasts. This process is known as: Monitor and Control Project Work The project manager should participate in the development of the project charter to better understand the project requirements. Understanding these requirements will better allow for: Efficient resource allocation to project activities As a change control expert, you are asked to work on a plan that documents how changes will be controlled and monitored on the project. Additionally you are told it will ultimately become part of the project management plan. This document is known as a: Change management plan Direct and Manage Project Work requires review of all project changes and the implementation of approved changes. This may lead to corrective action which is defined as: An intentional activity that realigns the performance of the project work with the project management plan As a project team member, you know that the change control board approves or rejects all changes. During a team meeting, you ask the project manager whose responsibility it is to schedule and implement the changes. She tells you it is the responsibility of: Project team On reading the PMBOK, you are uncertain about how the Monitor and Control Project Work Process fits into the project. On discussion with the project manager, he explains to you that: This process is a background process and is performed throughout the project The project manager has held a meeting to describe what documents will be needed to help define the scope baseline. A major document is the WBS. As a member of the project team with expertise in the project area, your primary role will be to assist in: Determining the final decomposition of the project scope into discrete work packages A diagram that assists in gathering requirements by showing a business system and how other people and systems interact with it is known as a: Context diagram You are new to the organization and are working on your first project with your team. In your last company, scope definition always preceded requirements. Your project manager informs you that they follow PMBOK best practices which call for: Requirements gathering is done first and provides the basis for defining and managing scope The requirements traceability matrix is important because it: Ensures that each requirement adds business value by linking it to objectives A numbering system used to uniquely identify each component of the work breakdown structure is called: Code of accounts The team must identify activities in order to provide a basis for estimating, scheduling, executing, monitoring and controlling the project work. These activities are identified by breaking down, or decomposing, the: Work packages The technique in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level is called: DISPLAY Given an estimate (in days) of 7 Optimistic, 15 Most Likely and 25 Pessimistic, what is the estimated range within two standard deviations? 9.33 to 21.33 When calculating activity durations, the estimating method that uses historical data and is frequently used when there is a limited amount of detailed information is referred to as: Analogous Management reserves, for both time and cost, are set aside for unforeseen work or expenditures. These reserves are used to address: Unknown-unknowns A simulation that involves calculating multiple project durations using probability distributions is called: Monte Carlo An Enterprise Environmental Factor that may be taken into consideration when Planning Cost Management is: Currency exchange rates Early in the project, the sponsor provides a range for what the project might cost. The range is $75,000 to $175,000 with a base cost of $100,000. What is this estimate referred to as? Rough order of magnitude As of the measurement point, your project's TCPI is 1.33 and your CPI is .85. How would you interpret this information? The work will be harder to complete Perform Quality Assurance does audits not only to identify all good and best practices being implemented but because: It should result in a reduced cost of quality and an increase in customer acceptance Control Quality checks for correctness, which according to PMBOK is a function of: Accuracy In one phase or stage of the Tuckman ladder, the environment can become counterproductive if team members are not collaborative and open to ideas. It is called: Storming You and another team member have had a hard time agreeing on how to proceed on a series of activities and now it is starting to become a problem. Since you are unable to come to a conclusive resolution, you mutually decide to retreat from the conflict for now to have it later resolved by others. This is known as: Withdraw A RACI chart is typically a matrix that shows an activity or work package along with the person who is responsible, accountable, to be consulted, or to be informed. It is a type of: Responsibility assignment matrix Interactive communication, push communication and pull communication are tools and techniques of Plan Communications Management. Collectively they are known as: Communication methods A form of Communication Methods, pull communication such as a wiki, is best used for: Very large volumes of information Risks with low ratings of probability and impact which are included within the risk register for future monitoring are part of the: Watch list Your project manager holds a meeting in a hotel conference room. In the middle of the meeting, power is lost to the room unexpectedly. You go to the front desk and they assign you to another vacant room. This is an example of a: Workaround The project manager is responsible for maintaining all contract documentation and records and for archiving them during Close Procurements. The tool or technique used for this is known as the: Records management system In a Time and Materials contract, which party has the risk? Buyer PMBOK defines a stakeholder as: Individuals, groups or organizations who may affect, be affected by, or perceive themselves to be affected by a decision, activity, or outcome of a project. What is the key benefit of Manage Stakeholder Engagement? It allows the project manager to increase support and minimize resistance from stakeholders The project manager and team are monitoring overall stakeholder relationships and adjusting strategies and plans for engaging stakeholders. They are in which process? Control Stakeholder Engagement