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Eligibility Requirements for PMI CAPM Exam

To be eligible for the CAPM certificate, applicants should have specific educational attainment and project management experience. A secondary degree (high school diploma, associate’s degree, or the global equivalent) and 23 hours of project management education are compulsory in this case.

 

NEW QUESTION # 478
The Plan Stakeholder Management process belongs to which Process Group?

• A. Monitoring and Controlling
• B. Executing
• C. Planning
• D. Initiating

Answer: C

Explanation:
Section: Volume A
Explanation:
Planning Process Group
4.2 Develop Project Management Plan
5.1 Plan Scope Management
5.2 Collect Requirements
5.3 Define Scope
5.4 Create WBS
6.1 Plan Schedule Management
6.2 Define Activities
6.3 Sequence Activities
6.4 Estimate Activity Resources
6.5 Estimate Activity Durations
6.6 Develop Schedule
7.1 Plan Cost Management
7.2 Estimate Costs
7.3 Determine Budget
8.1 Plan Quality Management
9.1 Plan Human Resource Management
10.1 Plan Communications Management
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses
12.1 Plan Procurement Management
13.2 Plan Stakeholder Management

NEW QUESTION # 479
What are the four management processes included in the Project Cost Management (PCM) method?

• A. Estimate Activities, Control Costs, Project Cost Management, Determine Budget
• B. Control Costs, Project Cost Management, Determine Budget, Estimate Costs
• C. Plan Cost Management, Estimate Costs, Determine Budget, Control Costs
• D. Control Quality, Project Cost Management, Estimate Costs, Determine Budget

Answer: C

Explanation:
Section: Volume E
Explanation/Reference: https://www.projectengineer.net/project-cost-management-according-to-the-pmbok/

NEW QUESTION # 480
An input required in Define Scope is an organizational:

• A. structure.
• B. process asset.
• C. matrix.
• D. breakdown structure.

Answer: B

Explanation:
Section: Volume C
Explanation:
2.1.4 Organizational Process Assets
Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of the organizations involved in the project that can be used to perform or govern the project. The process assets also include the organization's knowledge bases such as lessons learned and historical information.
Organizational process assets may include completed schedules, risk data, and earned value data.
Organizational process assets are inputs to most planning processes. Throughout the project, the project team members may update and add to the organizational process assets as necessary. Organizational process assets may be grouped into two categories: (1) processes and procedures, and (2) corporate knowledge base.
Process: 5.3 Define Scope
Definition: The process of developing a detailed description of the project and product.
Key Benefit: The key benefit of this process is that it describes the product, service, or result boundaries by defining which of the requirements collected will be included in and excluded from the project scope.
Inputs
1. Scope management plan
2. Project charter
3. Requirements documentation
4. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Product analysis
3. Alternatives generation
4. Facilitated workshops
Outputs
1. Project scope statement
2. Project documents updates

NEW QUESTION # 481
Schedule milestones and a predefined budget are examples of:

• A. Project constraints.
• B. Activity cost estimates.
• C. Organizational process assets.
• D. Requirements documentation.

Answer: A

Explanation:
Section: Volume E

NEW QUESTION # 482
Which Control Stakeholder Engagement tool or technique allows the project manager to consolidate and facilitate distribution of reports?

• A. Data gathering and representation
• B. Work performance reports
• C. Information management systems
• D. Stakeholder analysis

Answer: C

Explanation:
Section: Volume B
Explanation:
Process: 13.4 Control Stakeholder Engagement
Definition: The process of monitoring overall project stakeholder relationships and adjusting strategies and plans for engaging stakeholders.
Key Benefit: The key benefit of this process is that it will maintain or increase the efficiency and effectiveness of stakeholder engagement activities as the project evolves and its environment changes.
Inputs
1. Project management plan
2. Issue log
3. Work performance data
4. Project documents
Tools & Techniques
1. Information management systems
2. Expert judgment
3. Meetings
Outputs
1. Work performance information
2. Change requests
3. Project management plan updates
4. Project documents updates
5. Organizational process assets updates

NEW QUESTION # 483
The following is a network diagram for a project.

The total float for the project is how many days?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: D

NEW QUESTION # 484
Directing another person to get from one to another using a known set of expected behaviors are the ability to lead a team and inspire them to do their jobs well is related to?

• A. Engagement and guidance
• B. Innovation and administration
• C. Leadership and management
• D. Influence and challenge

Answer: C

Explanation:
Section: Volume E
Explanation

NEW QUESTION # 485
A project team member identifies a possibility......the team member's idea?
A project team member identifies a possibility of increasing project performance by adopting an innovative approach to a proposed solution. This also will save resources for the company and increase stakeholder satisfaction.
How should the project manager evaluate the team member's idea?

• A. Submit the idea as a change request to the change control board to ensure that all interests are met.
• B. Perform an experiment simulation to confirm idea results, to make sure the cost to implement is worthwhile.
• C. Do a feasibility analysis study to confirm if an investment to explore a solution will add value.
• D. Treat the idea using risk management processes, to handle it in a controlled and managed way.

Answer: D

NEW QUESTION # 486
In complex projects/ initiating processes should be completed:

• A. Within a work package.
• B. To estimate resource allocations.
• C. To estimate schedule constraints.
• D. In each phase of the project.

Answer: D

NEW QUESTION # 487
Which tools and techniques should a project manager use to monitor risks?

• A. Meetings, data gathering, and expert judgment
• B. Expert judgment, data analysis, and interpersonal and team skills
• C. Data analysis, audits, and meetings
• D. Expert judgment, audits, and decision making

Answer: A

NEW QUESTION # 488
What is the name of a graphic display of project team members and their reporting relationships?

• A. Project team structure diagram
• B. Project organization chart
• C. Reporting flow diagram
• D. Role dependencies chart

Answer: B

Explanation:
Section: Volume C

NEW QUESTION # 489
Assigned risk ratings are based upon:

• A. Root cause analysis.
• B. Risk probability and impact assessment.
• C. Expert judgment.
• D. Revised stakeholders' tolerances.

Answer: B

NEW QUESTION # 490
Which tool and technique is used in Conduct Procurements?

• A. Teaming agreements
• B. Expert judgment
• C. Contract types
• D. Bidder conferences

Answer: D

Explanation:
Section: Volume D
Explanation

NEW QUESTION # 491
Which standard has interrelationships to other project management disciplines such as program management and portfolio management?

• A. Organizational Project Management Maturity Model (OPM3$)
• B. Guide to the Project Management Body of Knowledge (PMBOK®)
• C. The Standard for Program Management
• D. Program Management Body of Knowledge Guide

Answer: B

NEW QUESTION # 492
The project manager notes that stakeholders are aware of the project and potential impacts and are actively engaged in ensuring that the project is a success.
The engagement level of the stakeholders should be classified as:

• A. Resistant
• B. Supportive
• C. Neutral
• D. Leading

Answer: D

NEW QUESTION # 493
What important qualities should project managers possess for strategic and business management?

• A. Expertise in the industry and organization that deliver better outcomes
• B. Skills and behaviors needed to help an organization achieve its goals
• C. Knowledge and competencies needed to guide and motivate a team
• D. Skills and behaviors related to specific domains of project management

Answer: B

NEW QUESTION # 494
A project team attempts to produce a deliverable and finds that they have neither the expertise nor the time to complete the deliverable in a timely manner. This issue could have been avoided if they had created and followed a:

• A. scope management plan
• B. procurement management plan
• C. risk management plan
• D. human resource management plan

Answer: B

Explanation:
Explanation/Reference:
Explanation:
12.1.3.1 Procurement Management Plan
The procurement management plan is a component of the project management plan that describes how a project team will acquire goods and services from outside the performing organization. It describes how the procurement processes will be managed from developing procurement documents through contract closure. The procurement management plan can include guidance for:
Types of contracts to be used;

Risk management issues;

Whether independent estimates will be used and whether they are needed as evaluation criteria;

Those actions the project management team can take unilaterally, if the performing organization has a

prescribed procurement, contracting, or purchasing department;
Standardized procurement documents, if needed;

Managing multiple suppliers;

Coordinating procurement with other project aspects, such as scheduling and performance reporting;

Any constraints and assumptions that could affect planned procurements;

Handling the long lead times to purchase certain items from sellers and coordinating the extra time

needed to procure these items with the development of the project schedule; Handling the make-or-buy decisions and linking them into the Estimate Activity Resources and Develop

Schedule processes
Setting the scheduled dates in each contract for the contract deliverables and coordinating with the

schedule development and control processes;
Identifying requirements for performance bonds or insurance contracts to mitigate some forms of project

risk;
Establishing the direction to be provided to the sellers on developing and maintaining a work breakdown

structure (WBS);
Establishing the form and format to be used for the procurement/contract statements of work;

Identifying prequalified sellers, if any, to be used; and

Procurement metrics to be used to manage contracts and evaluate sellers.

A procurement management plan can be formal or informal, can be highly detailed or broadly framed, and is based upon the needs of each project.

NEW QUESTION # 495
Whose approval may be required for change requests after change control board (CCB) approval?

• A. Subject matter experts
• B. Functional managers
• C. Customers or sponsors
• D. Business partners

Answer: C

Explanation:
Section: Volume B
Explanation:
Change Control Board (CCB). A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions.

NEW QUESTION # 496
What is the most important skill that project managers should possess to lead stakeholders throughout a project?

• A. Problem-solving
• B. Communication
• C. Negotiating
• D. Trust-building

Answer: D

NEW QUESTION # 497
When is a project finished?

• A. After verbal acceptance of the customer or sponsor
• B. After lessons learned have been documented in contract closure
• C. After resources have been released
• D. When the project objectives have been met

Answer: D

Explanation:
Section: Volume C

NEW QUESTION # 498
Which of the following correctly describes when organizations and stakeholders are willing to accept varying degrees of risk?

• A. Risk analysis
• B. Risk attitude
• C. Risk management
• D. Risk tolerance

Answer: D

Explanation:
Explanation/Reference:
Explanation:
11 PROJECT RISK MANAGEMENT
[..]
Organizations perceive risk as the effect of uncertainty on projects and organizational objectives.
Organizations and stakeholders are willing to accept varying degrees of risk depending on their risk attitude. The risk attitudes of both the organization and the stakeholders may be influenced by a number of factors, which are broadly classifed into three themes:
Risk appetite, which is the degree of uncertainty an entity is willing to take on in anticipation of a reward.

Risk tolerance, which is the degree, amount, or volume of risk that an organization or individual will

withstand.
Risk threshold, which refers to measures along the level of uncertainty or the level of impact at which a

stakeholder may have a specific interest. Below that risk threshold, the organization will accept the risk.
Above that risk threshold, the organization will not tolerate the risk.
For example, an organization's risk attitude may include its appetite for uncertainty, its threshold for risk levels that are unacceptable, or its risk tolerance at which point the organization may select a different risk response.
Positive and negative risks are commonly referred to as opportunities and threats. The project may be accepted if the risks are within tolerances and are in balance with the rewards that may be gained by taking the risks. Positive risks that offer opportunities within the limits of risk tolerances may be pursued in order to generate enhanced value. For example, adopting an aggressive resource optimization technique is a risk taken in anticipation of a reward for using fewer resources.

NEW QUESTION # 499
A project was sent for early customer testing and the customer reported that some of the features do not features do not meet the requirements. What should the project manager have done to avoid this scenario?

• A. Conduct quality audits
• B. Engage customer earlier
• C. Validate Scope
• D. Validate quality requirements

Answer: B

NEW QUESTION # 500
What is the purpose of the protect management process groups?

• A. To link specific process inputs and outputs
• B. To logically group processes to achieve specific project objectives
• C. To define a new project
• D. To track and monitor processes easily

Answer: B

NEW QUESTION # 501
Which Collect Requirements output links the product requirements to the deliverables that satisfy them?

• A. Requirements traceability matrix
• B. Project documents updates
• C. Requirements documentation
• D. Project management plan updates

Answer: A

Explanation:
Section: Volume A
Explanation:
5.2.3.2 Requirements Traceability Matrix
The requirements traceability matrix is a grid that links product requirements from their origin to the deliverables that satisfy them. The implementation of a requirements traceability matrix helps ensure that each requirement adds business value by linking it to the business and project objectives. It provides a means to track requirements throughout the project life cycle, helping to ensure that requirements approved in the requirements documentation are delivered at the end of the project. Finally, it provides a structure for managing changes to the product scope.
Tracing includes, but is not limited to, tracing requirements for the following:
Business needs, opportunities, goals, and objectives;

Project objectives;

Project scope/WBS deliverables;

Product design;

Product development;

Test strategy and test scenarios; and

High-level requirements to more detailed requirements.

Attributes associated with each requirement can be recorded in the requirements traceability matrix. These attributes help to define key information about the requirement. Typical attributes used in the requirements traceability matrix may include: a unique identifier, a textual description of the requirement, the rationale for inclusion, owner, source, priority, version, current status (such as active, cancelled, deferred, added, approved, assigned, completed), and status date. Additional attributes to ensure that the requirement has met stakeholders' satisfaction may include stability, complexity, and acceptance criteria.
Process: 5.2 Collect Requirements
Definition: The process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives.
Key Benefit: The key benefit of this process is that it provides the basis for defining and managing the project scope including product scope.
Inputs
1. Scope management plan
2. Requirements management plan
3. Stakeholder management plan
4. Project charter
5. Stakeholder register
Tools & Techniques
1. Interviews
2. Focus groups
3. Facilitated workshops
4. Group creativity techniques
5. Group decision-making techniques
6. Questionnaires and surveys
7. Observations
8. Prototypes
9. Benchmarking
10.Context diagrams
11.Document analysis
Outputs
1. Requirements documentation
2. Requirements traceability matrix

NEW QUESTION # 502
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