CAPM-EXAM TERMS||QUESTIONS & ANSWERS 100% VERIFIED!!

. Assumptions CM 4.7.2 PMBOK 5.3.3.1 - ANSWERProject planning is ongoing as the team analyzes how long it will take to process both a new order and a change order through the new call center. This analysis helps them determine how many employees must be working in the car center based on anticipated customer volume. This is an example of what? A. Determine budget CM 7.13; PMBOK 7.3 - ANSWERThe project manager and her team are involved in establishing the cost of the project and applying them to the schedule in order to determine when these cost will occur. During the project during which process does this occur? D. initiating, planning, executing, monitoring and controlling, closing (IPEM&CC) CM 3.3.1; PMBOK 1.5.1 - ANSWERDuring project performance, the team will focus on the Project Life Cycle and the project management life cycle. What are the five phases of a project management life cycle (PMLC)? A. Risk Seeker CM 11.2.7; PMBOK 11 INTRO - ANSWERThe project manager is considering quitting his job to develop a book and supporting products for the project management professional exam, and idea he created outside his job. If it sells well, he plans to start his own company and sell the products full-time. What characteristics is he showing towards risk? D. all of the above (Interactive, Push, Pull) CM 10.3.5; PMBOK 10.1.2.4 - ANSWERWhich of the following communication methods should be applied to managing project engagement? B. Analogous estimating CM 6.4.2; PMBOK 7.2.2.2 - ANSWERThe planning is progressing on schedule for the hotel renovation project. The project manager and the team are ready to begin estimating cost. Since the customer needs an estimate as soon as possible, what estimating methods should the team use? B. $10,000.00 CM 7.6.1; Calculating Standard Depreciation use begining value of asset subtracted by ending value then divide by the # of years. - ANSWERA new tape backup server has just been purchased for backing up the company's C. Sunk Cost CM 7.5; PMBOK NO REF - ANSWERYou are a project manager assigned to a project that has spent $4,000,000. The original budget was $1,500,000. Senior Management is considering stopping this project. What term describes the $1,500,000 that has been spent so far?