CAPM : Certified Associate in Project Management (PMI-100) : Part 24
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Which of the following is an input to the Direct and Manage Project Execution process?
- Approved change requests
- Approved contract documentation
- Work performance information
- Rejected change requests
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Which of the following factors is lowest at the start of the project?
- Cost of changes
- Stakeholder influences
- Risk
- Uncertainty
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In which domain of project management would a Pareto chart provide useful information?
- Project Scope Management
- Project Time Management
- Project Communications Management
- Project Quality Management
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Ensuring that both parties meet contractual obligations and that their own legal rights are protected is a function of:
- Conduct Procurements.
- Close Procurements.
- Administer Procurements,
- Plan Procurements.
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In which process might a project manager use risk reassessment as a tool and technique?
- Perform Qualitative Risk Analysis
- Monitor and Control Risk
- Monitor and Control Project Work
- Plan Risk Responses
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A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?
- Cost-reimbursable
- Time and material
- Fixed price or lump-sum
- Cost-plus-fixed-fee
Explanation:
• Units of measure. Each unit used in measurements (such as staff hours, staff days, weeks for time measures; or meters, liters, tons, kilometers, or cubic yards for quantity measures; or lump sum in currency form) is defined for each of the resources.
Fixed-price contracts. This category of contracts involves setting a fixed total price for a defined product, service, or result to be provided. Fixed-price contracts may also incorporate financial incentives for achieving or exceeding selected project objectives, such as schedule delivery dates, cost and technical performance, or anything that can be quantified and subsequently measured. Sellers under fixed-price contracts are legally obligated to complete such contracts, with possible financial damages if they do not. Under the fixed-price arrangement, buyers need to precisely specify the product or services being procured. Changes in scope may be accommodated, but generally with an increase in contract price.
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What risk technique is used to quantify the probability and impact of risks on project objectives?
- Expert judgment
- Risk registry
- Risk response planning
- Interviewing
Explanation:11.2.2.2 Information Gathering Techniques
Examples of information gathering techniques used in identifying risks can include:
– Brainstorming. The goal of brainstorming is to obtain a comprehensive list of project risks. The project team usually performs brainstorming, often with a multidisciplinary set of experts who are not part of the team. Ideas about project risk are generated under the leadership of a facilitator, either in a traditional free-form brainstorm session or structured mass interviewing techniques. Categories of risk, such as in a risk breakdown structure, can be used as a framework. Risks are then identified and categorized by type of risk and their definitions are refined.
– Delphi technique. The Delphi technique is a way to reach a consensus of experts. Project risk experts participate in this technique anonymously. A facilitator uses a questionnaire to solicit ideas about the important project risks. The responses are summarized and are then recirculated to the experts for further comment. Consensus may be reached in a few rounds of this process. The Delphi technique helps reduce bias in the data and keeps any one person from having undue influence on the outcome.– Interviewing. Interviewing experienced project participants, stakeholders, and subject matter experts helps to identify risks.
– Root-cause analysis is a specific technique used to identify a problem, discover the underlying causes that lead to it, and develop preventive action.
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Which of the following terms indicates a deliverable-oriented hierarchical decomposition of the project work?
- WBS directory
- Activity list
- WBS
- Project schedule
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Which process occurs within the Monitoring and Controlling Process Group?
- Control Costs
- Plan Quality
- Perform Quantitative Risk Analysis
- Determine Budget
Explanation:Monitoring and Controlling Process Group
4.4 Monitor and Control Project Work
4.5 Perform Integrated Change Control
5.5 Validate Scope
5.6 Control Scope
6.7 Control Schedule
7.4 Control Costs
8.3 Control Quality
10.3 Control Communications
11.6 Control Risks
12.3 Control Procurements
13.4 Control Stakeholder EngagementProcess: 7.4 Control Costs
Definition: The process of monitoring the status of the project to update the project costs and managing changes to the 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. Project management plan
2. Project funding requirements
3. Work performance data
4. Organizational process assetsTools & Techniques
1. Earned value management
2. Forecasting
3. To-complete performance index (TCPI)
4. Performance reviews
5. Project management software
6. Reserve analysis
Outputs
1. Work performance information
2. Cost forecasts
3. Change requests
4. Project management plan updates
5. Project documents updates
6. Organizational process assets updates -
Which of the following processes audits the quality requirements and the results from quality control measures to ensure appropriate quality standards and operational definitions are used?
- Perform Quality Control
- Quality Metrics
- Perform Quality Assurance
- Plan Quality
Explanation:Process: 8.2 Perform Quality Assurance
Definition: The process of auditing the quality requirements and the results from quality control measurements to ensure that appropriate quality standards and operational definitions are used.
Key Benefit: The key benefit of this process is that it facilitates the improvement of quality processes.Inputs
1. Quality management plan
2. Process improvement plan
3. Quality metrics
4. Quality control measurements
5. Project documentsTools & Techniques
1. Quality management and control tools
2. Quality audits
3. Process analysis
Outputs
1. Change requests
2. Project management plan updates
3. Project documents updates
4. Organizational process assets updates -
How is the schedule variance calculated using the earned value technique?
- EV less AC
- AC less PV
- EV less PV
- AC less EV
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Which Perform Quality Control tool graphically represents how various elements of a system interrelate?
- Control chart
- Flowchart
- Run chart
- Pareto chart
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Which type of analysis is used as a general management technique within the Plan Procurements process?
- Risk assessment analysis
- Make or buy analysis
- Contract value analysis
- Cost impact analysis
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Which of the following tools and techniques is used in the Verify Scope process?
- Inspection
- Variance analysis
- Expert judgment
- Decomposition
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Define Activities and Estimate Activity Resources are processes in which project management Knowledge Area?
- Project Time Management
- Project Cost Management
- Project Scope Management
- Project Human Resource Management
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Which is a communication method used in the Report Performance process?
- Expert judgment
- Project management methodology
- Stakeholder analysis
- Status review meetings
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Prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact takes place in which process?
- Monitor and Control Risks
- Plan Risk Management
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
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In which process is a project manager identified and given the authority to apply resources to project activities?
- Acquire Project Team
- Develop Project Management Plan
- Manage Project Execution
- Develop Project Charter
Explanation:Process: 4.1. Develop Project Charter
Definition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.Inputs
1. Project statement of work
2. Business case
3. Agreements
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Facilitation techniques
Outputs
1. Project charter -
Which of the following documents allows the project manager to assess risks that may require near term action?
- Probability and impact matrix
- Contingency analysis report
- Risk urgency assessment
- Rolling wave plan
Explanation:
11.3.2.5 Risk Urgency Assessment
Risks requiring near-term responses may be considered more urgent to address. Indicators of priority may include probability of detecting the risk, time to affect a risk response, symptoms and warning signs, and the risk rating. In some qualitative analyses, the assessment of risk urgency is combined with the risk ranking that is determined from the probability and impact matrix to give a final risk severity rating. -
Which activity involves ensuring that the composition of a projects configuration items is correct?
- Configuration Identification
- Configuration Status Accounting
- Configuration Verification and Audit
- Configuration Quality Assurance
Explanation:– Configuration identification. Identification and selection of a configuration item to provide the basis for which the product configuration is defined and verified, products and documents are labeled, changes are managed, and accountability is maintained.
– Configuration status accounting. Information is recorded and reported as to when appropriate data about the configuration item should be provided. This information includes a listing of approved configuration identification, status of proposed changes to the configuration, and the implementation status of approved changes.– Configuration verification and audit. Configuration verification and configuration audits ensure the composition of a project’s configuration items is correct and that corresponding changes are registered, assessed, approved, tracked, and correctly implemented. This ensures the functional requirements defined in the configuration documentation have been met.