CAPM Exam Prep|| Questions & Answers|| 100% Correct!!

Cost Variance formula - ANSWEREarned Value (EV) - Actual Cost (AC) What are the 6 constraints? - ANSWERScope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - ANSWERProcesses performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - ANSWERProcesses performed to establish total scope of effort, define and refine objectives, and develop a course of action to attain the objectives Executing (Process Group) - ANSWERProcesses performed to complete the work defined in the project management plan to satisfy objectives Monitoring & Controlling (Process Group) - ANSWERProcesses to track, review, and orchestrate progress and performance of a project How many processes are in EXECUTING? - ANSWER8 How many processes are in PLANNING? - ANSWER24 How many processes are in INITIATING? - ANSWER2 How many processes are in CLOSING? - ANSWER2 How many processes are in MONITORING & CONTROLLING? - ANSWER11 What are INPUTS? - ANSWERTools and Techniques you can use to DO the process What are OUTPUTS? - ANSWEROne or more things you can GET as a RESULT of doing the process How many processes are there? - ANSWER47