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CA0-001
Certified Associate in Project Management (CAPM) Certification Questions and Answers

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Questions # 61:

Which of the following is contained within the communications management plan?

Options:

An organizational chart

Glossary of common terminology

Organizational process assets

Enterprise environmental factors

Answer

Questions # 62:

Which of the following outputs from the Schedule Control process aids in the communication of SV, SPI or any performance status to stakeholders?

Options:

Performance organizations

Schedule baselines

Performance measurements

Change requests

Answer

Questions # 63:

Negotiated Settlements are an example of a technique used in which Project Procurement Management Process?

Options:

Plan Procurements

Conduct Procurements

Administer Procurements

Close Procurements

Answer

Questions # 64:

Manage Project Team belongs to which knowledge area?

Options:

Project Integration Management

Project Time Management

Project Procurement Management

Project Human Resource Management

Answer

Questions # 65:

What are the identified risks for doing excessive decomposition in a WBS?

Options:

Insufficient project funding and disqualification of sellers

Insufficient project funding and ineffective use of resources

Disqualification of sellers and non-productive management efforts

Non-productive management effort and inefficient use of resources

Answer

Questions # 66:

What causes replanning of the project scope?

Options:

Requested changes

Project scope statement changes

Variance analysis

Approved change requests

Answer

Questions # 67:

Which tool or technique measures performance of the project as it moves from project initiation through project closure?

Options:

Resource leveling

Parametric measuring

Pareto chart

Earned value

Answer

Questions # 68:

Which knowledge area employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information?

Options:

Project Risk Management

Project Integration Management

Project Communications Management

Project Quality Management

Answer

Questions # 69:

Which of the following techniques uses historical information to estimate the activity duration?

Options:

Three-point estimating

Organizational process asset

Analogous estimating

Reserve analysis

Answer

Questions # 70:

Based on the following metrics: EV=$20,000, AC=$22,000 and PV=$28,000, what is the project CV?

Options:

-$8,000

-$2,000

$2,000

$8,000

Answer

Questions # 71:

When using the Delphi technique for gathering information, what forecasting method is being used?

Options:

Time series method

Casual method

Econometric method

Judgmental method

Answer

Questions # 72:

The PV is $1000, EV is $2000 and AC is $1500. What is CPI?

Options:

1.33

2.00

0.75

0.5

Answer

Questions # 73:

Which of the following must be taken into account for every process, even if they are not explicitly listed as inputs in the process specifications?

Options:

Organizational processes and procedures and enterprise environmental factors

Organizational processes and procedures and corporate knowledge base

Organizational process assets and enterprise environmental factors

Corporate knowledge base and enterprise environmental factors

Answer

Questions # 74:

Who must accept the end product for a project to be considered closed?

Options:

Project team

Project manager

Project management office

Customer or sponsor

Answer

Questions # 75:

Which of the following methods is a project selection technique?

Options:

Flowcharting

Earned value

Cost-benefit analysis

Pareto analysis

Answer

Explanation

Selection MethodsThere are various project selection methods practiced by the modern business organizations. These methods have different features and characteristics. Therefore, each selection method is best for different organizations. Although there are many differences between these project selection methods, usually the underlying concepts and principles are the same.

Following is an illustration of two of such methods (Benefit Measurement and Constrained Optimization methods).

As the value of one project would need to be compared against the other projects, you could use the benefit measurement methods. This could include various techniques, of which the following are the most common.

• You and your team could come up with certain criteria that you want your ideal project objectives to meet. You could then give each project scores based on how they rate in each of these criteria, and then choose the project with the highest score.

• When it comes to the Discounted Cash flow method, the future value of a project is ascertained by considering the present value and the interest earned on the money. The higher the present value of the project, the better it would be for your organization.

• The rate of return received from the money is what is known as the IRR. Here again, you need to be looking for a high rate of return from the project.

The mathematical approach is commonly used for larger projects. The constrained optimization methods require several calculations in order to decide on whether or not a project should be rejected.

Cost-benefit analysis is used by several organizations to assist them to make their selections. Going by this method, you would have to consider all the positive aspects of the project, which is the benefits, and then deduct the negative aspects (or the costs) from the benefits. Based on the results you receive for different projects, you could choose which option would be the most viable and financially rewarding.

These benefits and costs need to be carefully considered and quantified in order to arrive at a proper conclusion. Questions that you may want to consider asking are in the selection process are:

1. Would this decision help me to increase organizational value in the long run?

2. How long will the equipment last for?

3. Would I be able to cut down on costs as I go along?

In addition to these methods, you could also consider Choosing based on opportunity cost - When choosing any project, you would need to keep in mind the profits that you would make if you do decide to go ahead with the project.

Profit optimization is therefore the ultimate goal. You need to consider the difference between the profits of the project you are primarily interested in, and the next best alternative.

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