TRUSTED CAPM EXAM RESOURCE, CAPM EXAM CRAM PDF

Trusted CAPM Exam Resource, CAPM Exam Cram Pdf

Trusted CAPM Exam Resource, CAPM Exam Cram Pdf

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The Project Management Institute (PMI) created the Certified Associate in Project Management (CAPM) credential for entry-level project managers or individuals seeking to enter the project management profession. CAPM Exam is designed to assess the knowledge and understanding of project management terminology, concepts, and practices as outlined in the Project Management Body of Knowledge (PMBOK) by PMI.

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The PMI Certified Associate in Project Management (CAPM) certification demonstrates that a successful candidate possesses an in-depth understanding of the principles and terminology outlined in ‘A Guide to the Project Management Body of Knowledge’, which describes commonly recognized good practices in project management. To earn this certificate, the applicants need to meet some educational requirements and pass the corresponding exam.

PMI Certified Associate in Project Management (CAPM) Sample Questions (Q520-Q525):

NEW QUESTION # 520
Which is the Define Scope technique used to generate different approaches to execute and perform the work of the project?

  • A. Expert judgment
  • B. Build vs. buy
  • C. Alternatives identification
  • D. Product analysis

Answer: C

Explanation:
Explanation/Reference:
Explanation:
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 # 521
Which of the following activities are included as part of a project manager's responsibilities?

  • A. Control, maintain project status, and develop.
  • B. Direct, control, and focus on structure.
  • C. Inspire, engage, and build relationships with people.
  • D. Problem solve , achieve the bottom line, and focus on success.

Answer: A


NEW QUESTION # 522
During the execution of a project, a stakeholder asks a project manager whether the project is falling behind or ahead of its baseline schedule. The project manager calculates the earned value analysis (EVA) schedule variance and it comes out to be zero. Which of the following is correct about the EVA schedule variance?

  • A. Change it to a positive value to show that the project is ahead of its baseline schedule.
  • B. Zero is a perfectly valid value for an in-flight project; hence share the zero value with the stakeholder.
  • C. Change it to a negative value to show that the project is falling behind.
  • D. It is calculated incorrectly, as it cannot be zero for an in-flight project; otherwise the project is completed.

Answer: B


NEW QUESTION # 523
In the Plan Procurement Management process, which source selection criteria analyzes if the seller's proposed technical methodologies, techniques, solutions, and services meet the procurement documents requirements?

  • A. Production capacity and interest
  • B. Technical capability
  • C. Business size and type
  • D. Technical approach

Answer: D

Explanation:
Section: Volume B
Explanation
Explanation:
12.1.3.3 Procurement Documents
Procurement documents are used to solicit proposals from prospective sellers. Terms such as bid, tender, or quotation are generally used when the seller selection decision will be based on price (as when buying commercial or standard items), while a term such as proposal is generally used when other considerations, such as technical capability or technical approach are paramount. Common terms are in use for different types of procurement documents and may include request for information (RFI), invitation for bid (IFB), request for proposal (RFP), request for quotation (RFQ), tender notice, invitation for negotiation, and invitation for seller's initial response. Specific procurement terminology used may vary by industry and location of the procurement.
The buyer structures procurement documents to facilitate an accurate and complete response from each prospective seller and to facilitate easy evaluation of the responses. These documents include a description of the desired form of the response, the relevant procurement statement of work (SOW) and any required contractual provisions. With government contracting, some or all of the content and structure of procurement documents may be defined by regulation.
The complexity and level of detail of the procurement documents should be consistent with the value of, and risks associated with, the planned procurement. Procurement documents are required to be sufficient to ensure consistent, appropriate responses, but flexible enough to allow consideration of any seller suggestions for better ways to satisfy the same requirements.
Issuing a procurement request to potential sellers to submit a proposal or bid is normally done in accordance with the policies of the buyer's organization, which can include publication of the request in public newspapers, in trade journals, in public registries, or on the internet.
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 # 524
Assigned risk ratings are based upon:

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

Answer: C

Explanation:
Explanation/Reference:
Explanation:
11.3.2.2 Probability and Impact Matrix
Definition: can be prioritized for further quantitative analysis and planning risk responses based on their risk rating.
Ratings are assigned to risks based on their assessed probability and impact. Evaluation of each risk's importance and priority for attention is typically conducted using a look-up table or a probability and impact matrix. Such a matrix specifies combinations of probability and impact that lead to rating the risks as low, moderate, or high priority. Descriptive terms or numeric values can be used depending on organizational preference.
Probability and impact matrix. A probability and impact matrix is a grid for mapping the probability of each risk occurrence and its impact on project objectives if that risk occurs. Risks are prioritized according to their potential implications for having an effect on the project's objectives. A typical approach to prioritizing risks is to use a look-up table or a probability and impact matrix. The specific combinations of probability and impact that lead to a risk being rated as "high," "moderate," or "low" importance are usually set by the organization.


NEW QUESTION # 525
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