1
Joseph Phillips CAPM Exam Prep- Practice
Test 1
What is the primary purpose of a Probability-Impact Matrix in project
management? - -Correct Answer-To document project risks and develop risk
response plans
My question- What is another name for a Probability-Impact Matrix? - -
Correct Answer-Risk Matrix
How does project management software help in tracking budget changes in a
predictive, plan-based environment? - -Correct Answer-By providing real-time
updates on project expenses and resource utilization
Which of the following is the most common cause of cost variance in a
project? - -Correct Answer-Changes in scope
Which of the following is the foundation of Earned Value Management
(EVM)? - -Correct Answer-Budget Management
My question- _______________ is a project management method that uses
budget management as its foundation. It integrates project budget, schedule,
and performance information to provide a comprehensive view of project
progress. - -Correct Answer-Earned Value Management
1
, 2
My question- What is the formula for Earned Value? - -Correct Answer-EV =
% Complete x BAC
Which of the following is the most important factor to consider when
determining the task and milestone start dates and end dates in a project
management plan schedule? - -Correct Answer-Task dependencies
Which of the following statements accurately describes a disadvantage of
using agile project management?
1. Agile project management can be difficult to implement for large and
complex projects, requiring a more traditional project management approach.
2. Agile project management can result in a lack of project documentation
and knowledge transfer, making it difficult for team members to understand
the project status and progress.
3. Agile project management can lead to scope creep and delays due to the
flexibility and adaptability of the approach.
4. Agile project management can result in increased costs and reduced
productivity due to the need for frequent team meetings and continuous
collaboration. - -Correct Answer-Agile project management can result in a
lack of project documentation and knowledge transfer, making it difficult for
team members to understand the project status and progress.
2
, 3
---------------
This is because agile projects prioritize working software and customer
collaboration over comprehensive documentation, which can make it difficult
for team members to understand the project status and progress.
Which of the following statements accurately distinguishes between the start
and end dates of a project versus those of ongoing operations? - -Correct
Answer-Projects and operations both have a defined start date, but only
projects have a defined end date.
Which of the following statements accurately reflects the relationship between
predictive and adaptive approaches to project management and long-term
planning? - -Correct Answer-Both predictive and adaptive approaches can be
used for long-term planning, but each approach requires different planning
techniques and tools
----------------------
Predictive approaches can be effective for long-term planning in cases where
there is a high degree of certainty about the future, while adaptive
approaches can be effective in cases where the future is uncertain or where
there is a need for flexibility and responsiveness to changing circumstances.
Which of the following is an example of an assumption in project
management?
1. The project will be completed on time.
3
Joseph Phillips CAPM Exam Prep- Practice
Test 1
What is the primary purpose of a Probability-Impact Matrix in project
management? - -Correct Answer-To document project risks and develop risk
response plans
My question- What is another name for a Probability-Impact Matrix? - -
Correct Answer-Risk Matrix
How does project management software help in tracking budget changes in a
predictive, plan-based environment? - -Correct Answer-By providing real-time
updates on project expenses and resource utilization
Which of the following is the most common cause of cost variance in a
project? - -Correct Answer-Changes in scope
Which of the following is the foundation of Earned Value Management
(EVM)? - -Correct Answer-Budget Management
My question- _______________ is a project management method that uses
budget management as its foundation. It integrates project budget, schedule,
and performance information to provide a comprehensive view of project
progress. - -Correct Answer-Earned Value Management
1
, 2
My question- What is the formula for Earned Value? - -Correct Answer-EV =
% Complete x BAC
Which of the following is the most important factor to consider when
determining the task and milestone start dates and end dates in a project
management plan schedule? - -Correct Answer-Task dependencies
Which of the following statements accurately describes a disadvantage of
using agile project management?
1. Agile project management can be difficult to implement for large and
complex projects, requiring a more traditional project management approach.
2. Agile project management can result in a lack of project documentation
and knowledge transfer, making it difficult for team members to understand
the project status and progress.
3. Agile project management can lead to scope creep and delays due to the
flexibility and adaptability of the approach.
4. Agile project management can result in increased costs and reduced
productivity due to the need for frequent team meetings and continuous
collaboration. - -Correct Answer-Agile project management can result in a
lack of project documentation and knowledge transfer, making it difficult for
team members to understand the project status and progress.
2
, 3
---------------
This is because agile projects prioritize working software and customer
collaboration over comprehensive documentation, which can make it difficult
for team members to understand the project status and progress.
Which of the following statements accurately distinguishes between the start
and end dates of a project versus those of ongoing operations? - -Correct
Answer-Projects and operations both have a defined start date, but only
projects have a defined end date.
Which of the following statements accurately reflects the relationship between
predictive and adaptive approaches to project management and long-term
planning? - -Correct Answer-Both predictive and adaptive approaches can be
used for long-term planning, but each approach requires different planning
techniques and tools
----------------------
Predictive approaches can be effective for long-term planning in cases where
there is a high degree of certainty about the future, while adaptive
approaches can be effective in cases where the future is uncertain or where
there is a need for flexibility and responsiveness to changing circumstances.
Which of the following is an example of an assumption in project
management?
1. The project will be completed on time.
3
