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

. The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called: - ANSWERManagement by Objectives 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: - ANSWERThe bulk of the project budget will be spent in the execution phase 4. Requirement is - - ANSWERQuantified and documented needs of stakeholders, customer, and sponsor 5. TQM is - - ANSWERTotal Quality Management: A common approach to implementing a quality improvement program 6. Which describes Management Information Systems? - ANSWERSoftware that an enterprise uses to support business and administrative operations 8. What are the different types of costs in Microsoft Project? - ANSWERFixed Cost, Cost Per Use, Standard Cost, Overtime Cost 9. What is the name of PMI's Organization maturity model for project management? - ANSWEROPM3 7. The type of planning that is equated with more specific data or is detailed in nature is called: - ANSWERTactical 3. In which project lifecycle phase would you expect to have the greatest influence on overall project cost? - ANSWERConcept 11. A group of related projects that are managed in a coordinated way that usually includes an element of ongoing activity is called a: - ANSWERProgram 12. Project constraint could be on - - ANSWERCost, resources, schedule