CAPM® Exam Prep Practice Test Question with Correct Answers Graded A+

1. The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called: Strategic Planning Contingency Planning Detailed planning Management by Objectives Explanations: Correct Answer is D. In management by objectives, the employee and supervisor meet to discuss the objectives of the employee over the next review period. At the end of the review period the performance of the employee is reviewed relative to the objectives, and adjustments are made. 2. 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: There is a cyclic nature to all projects. Problems will always occur in the execution phase There are high expenditures during closeout The bulk of the project budget will be spent in the execution phase Explanations: Correct Answer is D. Most of the project money will be spent during the execution phase. At the beginning of execution the rate of expenditures rises as people and materials are brought into the project. Later the expenditures peak and slow down. By the end of the execution phase expenditures are approaching a minimum. 3. In which project lifecycle phase would you expect to have the greatest influence on overall project cost? Concept Design Build Launch Explanations: Correct Answer is A. All the stated options represent a life cycle phase; Concept is the phase which isthe earliest phase in the project and therefore the phase where influence is greatest. 4. Requirement is - Quantified and documented needs of stakeholders Quantified and documented expectations of customer Quantified and documented expectations of sponsor All of the above Explanations: Correct Answer is D. All of the statements state requirement. It can be quantified and documented needs of stakeholders / customers / sponsor etc. 5. TQM is - Total Quality Management Time and Quality Management A common approach to implementing a quality improvement program A and C