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The Certified Associate in Project Management (CAPM) certification is issued by the Project Management Institute (PMI) to validate the professionals’ knowledge of project management processes and terminology. This certificate recognizes that the candidates possess competency in the principles and practices outlined in a Guide to the Project Management Body of Knowledge (PMBOK Guide). To earn the certification, the applicants are required to complete one exam.
Obtaining the PMI CAPM Certification can provide individuals with a competitive edge in the job market, as it demonstrates their commitment to the project management profession and their ability to apply project management principles in the workplace. Additionally, it can lead to increased job opportunities, higher salaries, and greater career advancement opportunities.
NEW QUESTION # 146
Which of the following technology platforms is most effective for sharing information when managing virtual project teams?
- A. Email/chat
- B. Audio conferencing
- C. Video conferencing
- D. Shared portal
Answer: A
NEW QUESTION # 147
Which risk response strategy is common for both positive and negative risks?
- A. Accept
- B. Transfer
- C. Mitigate
- D. Share
Answer: A
NEW QUESTION # 148
In Project Cost Management, which input is exclusive to the Determine Budget process?
- A. Resource calendars
- B. Scope baseline
- C. Organizational process assets
- D. Project schedule
Answer: A
Explanation:
Section: Volume D
Explanation:
7.3.1.6 Resource Calendars
Described in Sections 9.2.3.2 and 12.2.3.3. Resource calendars provide information on which resources are assigned to the project and when they are assigned. This information can be used to indicate resource costs over the duration of the project.
9.2.3.2 Resource Calendars
Resource calendars document the time periods that each project team member is available to work on the project.
Creating a reliable schedule (Section 6.6.3.1) depends on having a good understanding of each person's availability and schedule constraints, including time zones, work hours, vacation time, local holidays, and commitments to other projects.
12.2.3.3 Resource Calendars
The quantity and availability of contracted resources and those dates on which each specific resource or resource group can be active or idle are documented.
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates
NEW QUESTION # 149
Which of the following change requests can bring expected future performance of the project work in line with the project management plan?
- A. Probable action
- B. Corrective action
- C. Preventative action
- D. Defect repair
Answer: B
Explanation:
Section: Volume E
Explanation:
4.3.3.3 Change Requests
A change request is a formal proposal to modify any document, deliverable, or baseline. An approved change request will replace the associated document, deliverable, or baseline and may result in an update to other parts of the project management plan. When issues are found while project work is being performed, change requests are submitted, which may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality. Other change requests cover the needed preventive or corrective actions to forestall negative impact later in the project. Requests for a change can be direct or indirect, externally or internally initiated, and can be optional or legally/contractually mandated, and may include:
Corrective action-An intentional activity that realigns the performance of the project work with the project
management plan;
Preventive action-An intentional activity that ensures the future performance of the project work is aligned
with the project management plan;
Defect repair-An intentional activity to modify a nonconforming product or product component;
Updates-Changes to formally controlled project documents, plans, etc., to reflect modified or additional
ideas or content.
NEW QUESTION # 150
Which cost estimate technique includes contingencies to account for cost uncertainty?
- A. Reserve analysis
- B. Vendor bid analysis
- C. Three-point estimates
- D. Parametric estimating
Answer: A
NEW QUESTION # 151
A project manager is talking with their manager about the advantages of following a particular project management approach. What component of the project manager's sphere of influence does this represent?
- A. The organization
- B. Across disciplines
- C. Professional discipline
- D. The project
Answer: C
NEW QUESTION # 152
Completion of the product scope is measured against the product:
- A. prototypes
- B. analyses
- C. benchmarks
- D. requirements
Answer: D
NEW QUESTION # 153
The process of defining how the project scope will be validated and controlled is known as:
- A. Develop Project Management Plan.
- B. Plan Quality Management.
- C. Plan Scope Management.
- D. Define Scope.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Process: 5.1 Plan Scope Management
Definition: The process of creating a scope management plan that documents how the project scope will be defined, validated, and controlled.
Key Benefit: The key benefit of this process is that it provides guidance and direction on how scope will be managed throughout the project.
Inputs
1. Project management plan
2. Project charter
3. Enterprise environmental factors
4. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Meetings
Outputs
1. Scope management plan
2. Requirements management plan
NEW QUESTION # 154
Which input will be used when tasked with developing the human resource plan?
- A. Activity resource requirements
- B. Project staff assignments
- C. Resource calendar
- D. Project management plan
Answer: A
Explanation:
Explanation/Reference:
Explanation:
9.1.1.2 Activity Resource Requirements
Described in Section 6.4.3.1. Human resource planning uses activity resource requirements to determine the human resource needs for the project. The preliminary requirements regarding the required project team members and their competencies are progressively elaborated as part of the Plan Human Resource Management process.
6.4.3.1 Activity Resource Requirements
Activity resource requirements identify the types and quantities of resources required for each activity in a work package. These requirements then can be aggregated to determine the estimated resources for each work package and each work period. The amount of detail and the level of specificity of the resource requirement descriptions can vary by application area. The resource requirements documentation for each activity can include the basis of estimate for each resource, as well as the assumptions that were made in determining which types of resources are applied, their availability, and what quantities are used.
Process: 9.1 Plan Human Resource Management
Definition: The process of identifying and documenting project roles, responsibilities, required skills, reporting relationships, and creating a staffing management plan.
Key Benefit: The key benefit of this process is that it establishes project roles and responsibilities, project organization charts, and the staffing management plan including the timetable for staff acquisition and release.
Inputs
1. Project management plan
2. Activity resource requirements
3. Enterprise environmental factors
4. Organizational process assets
Tools & Techniques
1. Organization charts and position descriptions
2. Networking
3. Organizational theory
4. Expert judgment
5. Meetings
Outputs
1. Human resource management plan
NEW QUESTION # 155
What are the inputs of the Estimate Costs process?
- A. Project management plan, work performance data, enterprise environmental factors, and organizational process assets
- B. Project management plan, project documents, enterprise environmental factors, and organizational process assets
- C. Project management plan, enterprise environmental factors, basis of estimates, and organizational process assets
- D. Cost baseline, enterprise environmental factors, benefits management plan, and organizational process assets
Answer: B
NEW QUESTION # 156
Which of the following methods is a project selection technique?
- A. Pareto analysis
- B. Cost-benefit analysis
- C. Flowcharting
- D. Earned value
Answer: B
NEW QUESTION # 157
Match the life cycle type to when its requirements are defined.
Answer:
Explanation:
NEW QUESTION # 158
An input to the Plan Procurement Management process is:
- A. A stakeholder register.
- B. Source selection criteria.
- C. Market research.
- D. A records management system.
Answer: A
Explanation:
Section: Volume A
Explanation:
5.2.1.5 Stakeholder Register
Described in Section 13.1.3.1. The stakeholder register is used to identify stakeholders who can provide information on the requirements. The stakeholder register also captures major requirements and main expectations stakeholders may have for the project.
13.1.3.1 Stakeholder Register
The main output of the Identify Stakeholders process is the stakeholder register. This contains all details related to the identified stakeholders including, but not limited to:
Identification information. Name, organizational position, location, role in the project, contact information;
Assessment information. Major requirements, main expectations, potential influence in the project, phase
in the life cycle with the most interest; and
Stakeholder classification. Internal/external, supporter/neutral/resistor, etc.
The stakeholder register should be consulted and updated on a regular basis, as stakeholders may change- or new ones identified-throughout the life cycle of the project.
Process: 12.1 Plan Procurement Management
Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.
Inputs
1. Project management plan
2. Requirements documentation
3. Risk register
4. Activity resource requirements
5. Project schedule
6. Activity cost estimates
7. Stakeholder register
8. Enterprise environmental factors
9. Organizational process assets
Tools & Techniques
1. Make-or-buy analysis
2. Expert judgment
3. Market research
4. Meetings
Outputs
1. Procurement management plan
2. Procurement statement of work
3. Procurement documents
4. Source selection criteria
5. Make-or-buy decisions
6. Change requests
7. Project documents updates
NEW QUESTION # 159
Which quality control technique illustrates the 80/20 principle?
- A. Ishikawa diagram
- B. Run chart
- C. Pareto chart
- D. Control chart
Answer: C
Explanation:
Section: Volume E
NEW QUESTION # 160
The procurement requirements for a project include working with several vendors. What should the project manager take into consideration during the Project Procurement Management processes?
- A. Procurement management plan
- B. Bidder conferences
- C. Work performance information
- D. Complexity of procurement
Answer: A
NEW QUESTION # 161
The following is a network diagram for a project.
The free float for Activity H is how many days?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 162
Which process determines the correctness of deliverables?
- A. Review Deliverables
- B. Analyze Deliverables
- C. Validate Deliverables
- D. Verify Deliverables
Answer: D
Explanation:
Section: Volume E
Explanation/Reference: https://4squareviews.com/2013/11/22/5th-edition-pmbok-guide-step-6-memorizing-inputs-outputs- quality-management-part-3/
NEW QUESTION # 163
Two members of the team are having a conflict..............or partially resolve the problem Two members of the team are having a conflict. The project manager decides that, in this case, the best solution is to bring some degree of satisfaction to all parties, in order to temporarily or partially resolve the problem.
Which technique should the project manager use?
- A. Smooth/Accommodate
- B. Collaborate/Problem Solve
- C. Compromise/Reconcile
- D. Withdraw/Avoid
Answer: C
NEW QUESTION # 164
A tool and technique used in the Develop Project Charter process is:
- A. expert judgment
- B. analytical techniques
- C. change control tools
- D. meetings
Answer: A
NEW QUESTION # 165
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