CAPM : Certified Associate in Project Management (PMI-100) : Part 46
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Once the make-or-buy analysis is completed, which document defines the project delivery method?
- Procurement statement of work (SOW)
- Procurement strategy
- Terms of reference
- Change request
Explanation:
Reference: https://opentextbc.ca/projectmanagement/chapter/chapter-13-procurement-management-project-management/
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Company A has just been notified about a new legal requirement for its business operations. What is the classification of this item?
- Internal enterprise environmental factor
- Risk register database
- External enterprise environmental factor
- Organizational process asset
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How can a project manager represent a contingency reserve in the schedule?
- Additional weeks of work to account for unknown-unknowns risks
- Task duration estimates of the best case scenarios
- Additional duration estimates in response to identified risks that have been accepted
- Milestones representing the completion of deliverables
Explanation:Reference: https://www.pmi.org/learning/library/model-risk-contingency-reserve-9310 -
What is the difference between verified and accepted deliverables?
- Accepted deliverables have been completed and checked for correctness; verified deliverables have been formally approved by the customer or authorized stakeholder.
- Accepted deliverables have been inspected by the quality team; verified deliverables are outputs from the Validate Scope process.
- Accepted deliverables have been formally signed off and approved by the authorized stakeholder; verified deliverables have been completed and checked for correctness.
- Accepted deliverables have been formally accepted by the project manager; verified deliverables are the outputs from the Control Quality process
Explanation:Reference: https://www.brainbok.com/guide/pmp/study-notes/verification-vs-validation/ -
Which factors should be considered for cross-cultural communication?
- Background, personality, and communications management plan
- Personality, background, and escalation process
- Sponsor relationship, personality, and background
- Current emotional state, personality, and background
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A project manager is updating their CV or resume and realizes that they need to improve skills related to expertise in the industry and organizational knowledge. Which dimension of PMI’s Talent Triangle best relates to this need to improve?
- Strategic and business management skills
- Leadership skills
- Technical project management
- Organizational management
Explanation:Reference: https://www.pmi.org/learning/training-development/talent-triangle -
After an internal deliverable review session with the team, the project manager identifies some issues that need to be fixed before submitting the deliverable for formal approval. The project manager will need to manage the additional costs and time for the required rework.
How would the project manager define these extra costs?
- Appraisal costs
- Management reserves
- Cost of nonconformance
- Cost of conformance
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Which of the following tasks is related to the Perform Qualitative Risk Analysis process?
- Identify the project risks and assign a probability of occurrence
- Perform a sensitivity analysis to determine which risk has the most potential for impacting the project
- Analyze the effect of identified project risks as numerical data
- Prioritize each protect risk and assign the probability of occurrence and impact for each one
Explanation:Reference: https://pmbasics101.com/how-to-perform-qualitative-risk-analysis/ -
A stakeholder is reading project documents given by the project manager. The stakeholder is curious about the difference between a verified deliverable and an accepted deliverable.
Which of the following definitions can the project manager use to explain the difference?
- An accepted deliverable is approved by the project team; a verified deliverable is approved and formally signed off by the customer or sponsor.
- An accepted deliverable has been checked and confirmed for accuracy through the Control Quality process; a verified deliverable meets acceptance criteria that is formally signed off and approved by the customer or sponsor.
- An accepted deliverable meets acceptance criteria and is formally signed off and approved by the customer or sponsor a verified deliverable is a completed project deliverable that has been checked and confirmed for accuracy through the Control Quality process.
- An accepted deliverable meets acceptance criteria and is signed off by the project manager; a verified deliverable meets acceptance criteria and is signed off by the customer or sponsor.
Explanation:Reference: https://4squareviews.com/2013/03/15/5th-edition-pmbok-guide-chapter-5-process-5-5-validate-scope/ -
A junior team member has been promoted to the position of project manager. The first task to execute is the Quality Management Plan.
Which tools and techniques will help the project manager to complete this task?
- Benchmarking, design of experiments, and cost-benefit analysis
- Quality audits, process analysis, and meetings
- Inspection, brainstorming, and quality audits
- Networking, brainstorming, and negotiation
Explanation:Reference: https://d1wl9nui6miy8.cloudfront.net/media/965849/wp-tools-and-techniques-useful-in-quality-planning.pdf -
The project manager has the following information about the estimated duration for an activity:
– Most likely [tM] – 15 days
– Pessimistic [tP] – 20 days
– Optimistic [tO] – 10 daysWhat is the estimated duration of this activity, according to the triangular distribution technique?
- 10 days
- 15 days
- 12.5 days
- 5 days
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Which of the following documents are created as part of Project Integration Management?
- Project charter and project management plan
- Communications management plan and scope management plan
- Quality management plan and risk management plan
- Project scope statement and communications management plan
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Which group of inputs will a project manager use during the Monitor Stakeholder Engagement process?
- Project charter, business documents, and project management plan
- Agreements, scope baseline, and project management plan
- Project charter, business case, and project management plan
- Work performance data, enterprise environmental factors, and project management plan
Explanation:Reference: https://www.greycampus.com/opencampus/project-management-professional/monitor-stakeholder-engagement -
A project is in the planning phase. The project manager is considering different elements that may influence or constrain the project.
Which of the following internal enterprise environmental factors should the project manager consider?
- Industry standards
- Market conditions
- Legal restrictions
- Employee capability
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A project manager is analyzing a few network diagrams in order to determine the minimum duration of a project. Which diagram should the project manager reference?
- A diagram in which resource optimization has been applied
- A diagram in which the critical path method has been applied
- A diagram in which a predefined series of activities has been organized
- A diagram which shows a combination of resource and time optimization
Explanation:Reference: https://www.mindtools.com/pages/article/critical-path-analysis.htm -
What are the two most common contract types used in a project?
- Cost plus award fee (CPAF) contract and fixed price contract
- Fixed price contract and cost-reimbursable contract
- Cost-reimbursable contract and time and material (T&M) contract
- Time and material (T&M) contract and cost plus award fee (CPAF) contract
Explanation:Reference: https://pmstudycircle.com/2013/12/types-of-procurement-contracts-used-in-project-management/ -
Which statement about identification and engagement of stakeholders during a project is correct?
- Project stakeholders should be identified and engaged in every phase of the project to influence the success of the project directly.
- Project stakeholders should be identified and engaged once the prototype is completed to provide their feedback but refrain from making inputs during the project.
- Project stakeholders should be identified when the project charter is being completed and engaged during requirements gathering.
- Project stakeholders should be identified and engaged during requirements elicitation but not during the Define Scope process
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In a preliminary meeting for a project, team members decide to execute the project with agile methodology. A finance team member wants to know how project cost will be determined at this early stage.
How will the project team determine project cost?
- Use a lightweight cost estimation due to the nature of agile projects
- Use a detailed cost estimation for agile projects
- Retrieve a budget from a previous project and create a baseline for this project based on it
- Use a detailed work breakdown structure (WBS) to get cost estimation
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A project manager needs to request outside support for a statement of work (SOW) that is not precise. Which kind of contract does the project manager need to create?
- Time and material (T&M)
- Cost plus fixed fee (CPFF)
- Fixed price
- Cost plus award fee (CPAF)
Explanation:
T&M contracts are often used for staff augmentation, acquisition of experts and any outside support when a precise statement of work is not quickly prescribed. -
Which set of tools and techniques is useful for estimating activity durations for the project schedule?
- Brainstorming, Monte Carlo Simulation, analogous estimation
- Three-point estimation, resources leveling, iteration burndown chart
- Milestone charts, parametric estimation, schedule baseline
- Parametric estimation, three-point estimation, analogous estimation
Explanation:Reference: https://www.simplilearn.com/estimating-activity-duration-article
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