CAPM Flashcards
What is the primary purpose of a Probability-Impact Matrix in PM?
To document project risks and develop risk response plans
How does PM software help in tracking budget changes in a predictive, plan-based environment?
By providing real-time updates on project expenses and resource utilization
In predictive, plan-based projects, what artifact is considered the most important for ensuring project success?
Project Schedule
What is the foundation of Earned Value Management (EVM)?
Budget Management
What is the most important factor to consider when determining the task and the milestone start dates and end dates in a PM plan schedule?
Task dependencies
What accurately describes a disadvantage of using agile PM?
Agile PM can result in a lack of project documentation and knowledge transfer. This makes it difficult for team members to understand the project status and progress.
What accurately distinguishes between the start and end dates of a project versus those of ongoing operations
Projects and operations both have a defined start date, but only projects have a defined end date.
In PM, who is typically responsible for managing the project issues?
The issue owner
What is a primary objective of project integration management?
Ensuring that all project work is coordinated and aligned with the project’s goals.
What best describes a quality metric that can be used to measure a project or product characteristic?
A customer satisfaction metric that measures the product’s usability
What best describes how Design X considers all components of the design and how the component affects the X variable?
Design for X focuses on optimizing the overall performance of the design as a whole
What is the primary purpose of creating a run chart in PM?
To analyze trends and patterns in project data over time
What is the main purpose of forecasting final project costs based on current performance?
To ensure that the project stays within budget
What statement accurately describes the role of unpredictable futures in a predictive plan-based approach of project management?
Unpredictable futures are considered an incorporated into the project plan as contingency plans
What statement best describes the role of defining goals and objectives in a predictive, plan-based approach?
Defining goals and objectives is an ongoing task that is continuously revisited throughout the project lifecycle
What is the main goal of using project controls in decision-making?
To monitor progress and inform decisions in real-time
Which planning approach is recommended for the organization structure in adaptive projects?
Collaborative approach
Which approach for project uncertainties is recommended for the organizational structure in adaptive approaches?
Hybrid approach
What is a potential disadvantage of using distributed teams in an adaptive approach to project management?
Difficulty in managing conflicts and resolving issues
What is a potential advantage of global, cultural, and team diversity in an adaptive approach to project management?
Increased creativity and innovation
What is a potential benefit of encouraging emerging leadership in an adaptive approach to project management?
Increased efficiency and speed in decision making
What statement best describes how organizational culture challenges in a project influence the suitability of adaptive approaches?
Organizational culture challenges can create resistance to change and make it difficult to implement adaptive approaches in a project
What is the role of a business analyst in adaptive projects to communicate with stakeholders?
To facilitate communication between project team members and stakeholders
What external role is responsible for facilitating communication between the project team and stakeholders in adaptive project management?
Business analyst
