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PMI-002
Certified Associate in Project Management (CAPM) Certification Questions and Answers

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Viewing page 6 out of 15 pages

Viewing questions 76-90 out of questions

Questions # 76:

Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false?

Options:

A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part.

Contingency reserves may be set aside for known unknowns.

Contingency reserves may be set aside for unknown unknowns.

Contingency reserves are normally included in the project's cost and schedule baselines.

Answer

Questions # 77:

The three major types of communication are: ______________.

Options:

Written, verbal, and non-verbal

Verbal, formal documentation, and informal documentation

Verbal, written, and graphic

Verbal, written, and electronic

Answer

Questions # 78:

A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called _________.

Options:

Quality Policy

check List

Trenc' Analysis

Paieto Diagram

Answer

Questions # 79:

The concept that it is easier and less costly to do the work right the first time is called _______________.

Options:

Zero defects

Continuous improvement

DTRTRTFT

The customer is the next person in the process

Answer

Questions # 80:

Which of the following statements is TRUE regarding various Activity Scheduling tools?

Options:

PDM allows for conditional branching and iteration of activities.

PDM uses activity-on-node (AON) diagramming method.

PDM allows for conditional branching and iteration of activities.

PDM uses analogous methods as an estimation technique.

Answer

Questions # 81:

Which of the following is true concerning evaluation criteria?

Options:

Can often be found in procurement documents

Can be objective or subjective

Used to rate or score proposals

Al1 of the above

Answer

Questions # 82:

You are a project manager for your organization. Management has asked you to help them determine which projects should be selected for implementation. In a project selection model, which one of the following is the most important factor?

Options:

Business needs

Type of constraints

Budget

Schedule

Answer

Explanation

A is the correct answer. Projects are selected based on business needs first.

Questions # 83:

On any project, who creates the Lessons Learned document?

Options:

Customers

Project team

Project sponsor

Stakeholders

Answer

Explanation

The project team contributes to the Lessons Learned document.

Questions # 84:

In which of the following organizations the project manager role is likely to be part-time?

Options:

Weak matrix

Functional

Balanced matrix

Both A and B

Answer

Questions # 85:

When a risk should be avoided?

Options:

The risk event has a low probability of occurrence and low impact.

The risk event is unacceptable - generally one with a very high probability of occurrence and high impact.

It can be transferred by purchasing insurance.

A risk event can never be avoided.

Answer

Questions # 86:

An example of risk mitigation is ____________.

Options:

Using proven technology in the development of a product to lessen the probability that the product will not work

Purchasing insurance

Eliminating the cause of a risk

Both A and B

Answer

Questions # 87:

Which of the following statements concerning acceptance sampling is false?

Options:

Used when expensive and time-consuming to test the product 100%.

The number of allowable defects before lot is rejected is predetermined.

Inspection and test standards must be established to ensure that procedures can adequately determine conformance and non-conformance.

All of the above are true.

Answer

Questions # 88:

Your selection committee is debating between two projects. Project A has a payback period of 20 months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend?