1
CAPM Exam Study 2024
You are evaluating the dependencies that exist currently within your
risk management plan to determine its accuracy. Which of the
following is best described as an action to verify that all risks have
been identified, that plans have been created to handle risks, and
that the individuals responsible for responding to the risks are
prepared to take action?
A
Risk reassessment
B
Reserve analysis
C
Workaround
D
Risk audit - -Correct Answer-Correct answer: Risk audit
A risk audit is an action to verify that all risks have been identified,
that plans have been created to handle risks, and that the individuals
responsible for responding to the risks are prepared to take action.
Basically, a risk audit examines and documents the effectiveness of
the risk responses. This is in relation to dealing with the root causes
1
, 2
and identified risks. The risk audit also evaluates the effectiveness of
the risk management process.
A workaround is an unplanne
d response that is created to handle unexpected problems on a
project. A risk reassessment is an action taken to periodically review
and adjust the documentation of the risk management plan and risk
register. A reserve analysis is a review of the project's financial
resources to compare the current balance against the projected
amount needed.
You are a project manager for a very large company and have taken
over a new project that was in the middle of execution. You would
like to see which stakeholders have the greatest influence over your
project. Where is the best place to find this information? - -Correct
Answer-Correct Answer: Stakeholder register
It is in the stakeholder register that a project manager would find
which stakeholders have been identified as having the greatest
influence over a project. The stakeholder register will also contain
details about particular stakeholders to help understand what
knowledge they may have. It also captures the requirements and
various expectations they may have for the project.
Shanda decided to use an iterative planning technique as a way to
work a form of progressive elaboration on her project. Rolling wave
planning is an iterative planning technique that she explored and
2
, 3
decided to utilize. Which of the following is rolling wave planning not
applicable to?
A
Work packages
B
Cost analysis
C
Planning packages
D
Release planning - -Correct Answer-Correct answer: Cost analysis
Rolling wave planning is an iterative planning technique applicable to
work packages, planning packages, and release planning when
using an Agile or waterfall approach. Rolling wave planning involves
a detailed plan of the work to be completed in the near term. The
work in the future is planned at a much higher level.
Rasheed is the lead project manager for a telecommunications
organization and is in charge of training new project managers. One
of the new project managers is assisting with managing the
communications process. In evaluating the documents, he notices a
document that does not belong in this process.
Which of the following is not an example of a project document that
would be an input to the Manage Communications process?
3
, 4
A
Lessons learned register
B
Resource management plan
C
Stakeholder register
D
Change log - -Correct Answer-Correct answer: Resource
management plan
The resource management plan is part of the project management
plan, which is an input to the Manage Communications process. It is
not a project document.
The communications management plan includes components of the
project, program, or portfolio management plan that describes how,
when, and by whom information about the project will be
administered and disseminated.
Moira begins the event by illustrating the proposed iteration goals
alongside reviewing the higher-priority stories. The development
team discusses options for implementation, technical issues,
dependencies, and other requirements. They choose the effort to be
performed in the next iteration. What type of meeting does this best
describe?
4
CAPM Exam Study 2024
You are evaluating the dependencies that exist currently within your
risk management plan to determine its accuracy. Which of the
following is best described as an action to verify that all risks have
been identified, that plans have been created to handle risks, and
that the individuals responsible for responding to the risks are
prepared to take action?
A
Risk reassessment
B
Reserve analysis
C
Workaround
D
Risk audit - -Correct Answer-Correct answer: Risk audit
A risk audit is an action to verify that all risks have been identified,
that plans have been created to handle risks, and that the individuals
responsible for responding to the risks are prepared to take action.
Basically, a risk audit examines and documents the effectiveness of
the risk responses. This is in relation to dealing with the root causes
1
, 2
and identified risks. The risk audit also evaluates the effectiveness of
the risk management process.
A workaround is an unplanne
d response that is created to handle unexpected problems on a
project. A risk reassessment is an action taken to periodically review
and adjust the documentation of the risk management plan and risk
register. A reserve analysis is a review of the project's financial
resources to compare the current balance against the projected
amount needed.
You are a project manager for a very large company and have taken
over a new project that was in the middle of execution. You would
like to see which stakeholders have the greatest influence over your
project. Where is the best place to find this information? - -Correct
Answer-Correct Answer: Stakeholder register
It is in the stakeholder register that a project manager would find
which stakeholders have been identified as having the greatest
influence over a project. The stakeholder register will also contain
details about particular stakeholders to help understand what
knowledge they may have. It also captures the requirements and
various expectations they may have for the project.
Shanda decided to use an iterative planning technique as a way to
work a form of progressive elaboration on her project. Rolling wave
planning is an iterative planning technique that she explored and
2
, 3
decided to utilize. Which of the following is rolling wave planning not
applicable to?
A
Work packages
B
Cost analysis
C
Planning packages
D
Release planning - -Correct Answer-Correct answer: Cost analysis
Rolling wave planning is an iterative planning technique applicable to
work packages, planning packages, and release planning when
using an Agile or waterfall approach. Rolling wave planning involves
a detailed plan of the work to be completed in the near term. The
work in the future is planned at a much higher level.
Rasheed is the lead project manager for a telecommunications
organization and is in charge of training new project managers. One
of the new project managers is assisting with managing the
communications process. In evaluating the documents, he notices a
document that does not belong in this process.
Which of the following is not an example of a project document that
would be an input to the Manage Communications process?
3
, 4
A
Lessons learned register
B
Resource management plan
C
Stakeholder register
D
Change log - -Correct Answer-Correct answer: Resource
management plan
The resource management plan is part of the project management
plan, which is an input to the Manage Communications process. It is
not a project document.
The communications management plan includes components of the
project, program, or portfolio management plan that describes how,
when, and by whom information about the project will be
administered and disseminated.
Moira begins the event by illustrating the proposed iteration goals
alongside reviewing the higher-priority stories. The development
team discusses options for implementation, technical issues,
dependencies, and other requirements. They choose the effort to be
performed in the next iteration. What type of meeting does this best
describe?
4
