A fully updated 2021 CAPM Exam Dumps exam guide from training expert ExamTorrent
Provides complete coverage of every objective on exam and exam preparation CAPM
NEW QUESTION 69
Which process involves the creation of a document that provides the project manager with the authority to apply resources to a project?
- A. Develop Project Management Plan
- B. Define Activities
- C. Develop Project Charter
- D. Direct and Manage Project Work
Answer: C
Explanation:
Section: Volume B
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
NEW QUESTION 70
Which of the following is a tool and technique for Estimate Activity Durations?
- A. Alternatives analysis
- B. Monte Carlo analysis
- C. Bottom-up estimating
- D. Parametric estimating
Answer: D
NEW QUESTION 71
Cost baseline is an output of which of the following processes?
- A. Determine Budget
- B. Estimate Costs
- C. Control Costs
- D. Estimate Activity Resources
Answer: A
Explanation:
Section: Volume C
Explanation:
7.3.3.1 Cost Baseline
The cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. It is developed as a summation of the approved budgets for the different schedule activities.
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 72
Exhibit A is an example of which of the following types of Sequence Activities?
- A. Project schedule network diagramming
- B. Mathematical analysis diagramming
- C. Precedence diagramming
- D. Activity-on-arrow diagramming
Answer: C
NEW QUESTION 73
In order to detect quality issues earlier in the project life cycle, the project manager is using an agile/adaptive environment. What is the main difference between waterfall and agile/adaptive development approaches for Project Quality Management?
- A. The number of deliverables
- B. The duration of each of the quality and review steps
- C. The frequency of the quality and review steps
- D. The tools used in the quality and review steps
Answer: B
Explanation:
Section: Volume E
NEW QUESTION 74
Which are inputs for the Plan Quality Management process?
- A. Project management plan, quality metrics. and project documents
- B. Project management plan, project documents, and organizational process assets
- C. Quality metrics, project documents, and financial performance
- D. Quality management plan, project documents, and quality metrics
Answer: B
NEW QUESTION 75
Which item is a cost of conformance?
- A. Scrap
- B. Training
- C. Liabilities
- D. Lost business
Answer: B
Explanation:
Section: Volume B
NEW QUESTION 76
Which tools and techniques will a project manager use to develop a project charter?
- A. Lessons learned database, interpersonal and team skills, cost baseline, and meetings
- B. Project manager experience, expert judgment, scope statement, and meetings
- C. Expert judgment, data gathering, scope statement, schedule baseline, and meetings
- D. Expert judgment, data gathering, interpersonal and team skills, and meetings
Answer: C
Explanation:
Section: Volume E
Explanation/Reference:
NEW QUESTION 77
The following is a network diagram for a project.
How many possible paths are identified for this project?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 78
A firm contracted an event management company to conduct the annual sales day event. The agreement that the event management company will charge the firm for the actuals and receive 8% of the total cost. What type of contract is this?
- A. Fixed price incentive fee (FPIF)
- B. Cost plus award fee (CPAF)
- C. Cost plus fixed fee (CPFF)
- D. Time and material (T&M)
Answer: C
Explanation:
Section: Volume E
NEW QUESTION 79
Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?
- A. Fixed Price with Economic Price Adjustment Contract (FP-EPA)
- B. Cost Plus Fixed Fee Contract (CPFF)
- C. Cost Plus Incentive Fee Contract (CPIF)
- D. Firm Fixed Price Contract (FFP)
Answer: B
NEW QUESTION 80
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
NEW QUESTION 81
High-level project risks are included in which document?
- A. Project charter
- B. Risk breakdown structure
- C. Business case
- D. Risk register
Answer: A
NEW QUESTION 82
The scope management plan and scope baseline are contained in:
- A. organizational process assets
- B. a requirements traceability matrix
- C. the project management plan
- D. the project charter
Answer: C
Explanation:
Section: Volume B
Explanation:
5.4.3.1 Scope Baseline
The scope baseline is the approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison. It is a component of the project management plan. Components of the scope baseline include:
Project scope statement. The project scope statement includes the description of the project scope, major
deliverables, assumptions, and constraints.
WBS. The WBS is a hierarchical decomposition of the total scope of work to be carried out by the project
team to accomplish the project objectives and create the required deliverables. Each descending level of the WBS represents an increasingly detailed definition of the project work. The WBS is finalized by assigning each work package to a control account and establishing a unique identifier for that work package from a code of accounts. These identifiers provide a structure for hierarchical summation of costs, schedule, and resource information. A control account is a management control point where scope, budget, actual cost, and schedule are integrated and compared to the earned value for performance measurement. Control accounts are placed at selected management points in the WBS. Each control account may include one or more work packages, but each of the work packages should be associated with only one control account. A control account may include one or more planning packages. A planning package is a work breakdown structure component below the control account with known work content but without detailed schedule activities.
WBS dictionary. The WBS dictionary is a document that provides detailed deliverable, activity, and
scheduling information about each component in the WBS. The WBS dictionary is a document that supports the WBS. Information in the WBS dictionary may include, but is not limited to:
○ Code of account identifier,
○ Description of work,
○ Assumptions and constraints,
○ Responsible organization,
○ Schedule milestones,
○ Associated schedule activities,
○ Resources required,
○ Cost estimates,
○ Quality requirements,
○ Acceptance criteria,
○ Technical references, and
○ Agreement information
4.2.3.1 Project Management Plan
The project management plan is the document that describes how the project will be executed, monitored, and controlled. It integrates and consolidates all of the subsidiary plans and baselines from the planning processes.
Project baselines include, but are not limited to:
Scope baseline (Section 5.4.3.1),
Schedule baseline (Section 6.6.3.1), and
Cost baseline (Section 7.3.3.1).
Subsidiary plans include, but are not limited to:
Scope management plan (Section 5.1.3.1),
Requirements management plan (Section 5.1.3.2),
Schedule management plan (Section 6.1.3.1),
Cost management plan (Section 7.1.3.1),
Quality management plan (Section 8.1.3.1),
Process improvement plan (Section 8.1.3.2),
Human resource management plan (Section 9.1.3.1),
Communications management plan (Section 10.1.3.1),
Risk management plan (Section 11.1.3.1),
Procurement management plan (Section 12.1.3.1), and
Stakeholder management plan (Section 13.2.3.1).
Among other things, the project management plan may also include the following:
Life cycle selected for the project and the processes that will be applied to each phase;
Details of the tailoring decisions specified by the project management team as follows:
○ Project management processes selected by the project management team,
○ Level of implementation for each selected process,
○ Descriptions of the tools and techniques to be used for accomplishing those processes, and
○ Description of how the selected processes will be used to manage the specific project, including the dependencies and interactions among those processes and the essential inputs and outputs.
Description of how work will be executed to accomplish the project objectives;
Change management plan that documents how changes will be monitored and controlled;
Configuration management plan that documents how Configuration management will be performed;
Description of how the integrity of the project baselines will be maintained;
Requirements and techniques for communication among stakeholders; and
Key management reviews for content, the extent of, and timing to address, open issues and pending
decisions.
The project management plan may be either summary level or detailed, and may be composed of one or more subsidiary plans. Each of the subsidiary plans is detailed to the extent required by the specific project. Once the project management plan is baselined, it may only be changed when a change request is generated and approved through the Perform Integrated Change Control process.
NEW QUESTION 83
Which of the following documents are created as part of Project Integration Management?
- A. Project scope statement and communications management plan
- B. Quality management plan and risk management plan
- C. Project charter and project management plan
- D. Communications management plan and scope management plan
Answer: C
Explanation:
Section: Volume E
NEW QUESTION 84
During which knowledge area stage would a project manager close all contracts appropriately and then close the phase?
- A. Project Procurement Management
- B. Project Scope Management
- C. Project Resource Management
- D. Project Integration Management
Answer: C
NEW QUESTION 85
Which process determines the correctness of deliverables?
- A. Analyze Deliverables
- B. Validate Deliverables
- C. Review Deliverables
- D. Verify Deliverables
Answer: D
Explanation:
Explanation/Reference:
Reference: https://4squareviews.com/2013/11/22/5th-edition-pmbok-guide-step-6-memorizing-inputs- outputs-quality-management-part-3/
NEW QUESTION 86
The primary benefit of the Plan Schedule Management process is that it:
- A. creates an overview of all activities broken down into manageable subsections.
- B. provides guidance to identify time or schedule challenges within the project.
- C. guides how the project schedule will be managed throughout the project.
- D. tightly links processes to create a seamless project schedule.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Process: 6.1 Plan Schedule Management
Definition: The process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.
Key Benefit: The key benefit of this process is that it provides guidance and direction on how the project schedule 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. Analytical techniques
3. Meetings
Outputs
1. Schedule management plan
NEW QUESTION 87
What are the key components of the communication model?
- A. Encode, message and feedback-message, medium, noise, and decode
- B. Encode, messaging technology, medium, noise, and decode
- C. Sender, message and feedback-message, medium, noise, and translate
- D. Receiver, message and feedback-message, medium, noise, and decode
Answer: A
Explanation:
Section: Volume E
NEW QUESTION 88
Resource calendars are included in the:
- A. project charter.
- B. project communications plan.
- C. staffing management plan.
- D. work breakdown structure (WBS).
Answer: C
NEW QUESTION 89
......
Tested Material Used To CAPM: https://www.examtorrent.com/CAPM-valid-vce-dumps.html
Steps Necessary To Pass The CAPM Exam: https://drive.google.com/open?id=1cv3ZWj_dvb0_B-vCaXYnK2ifmpZi7h13
