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CAPM > CAPM > Flashcards

CAPM Flashcards

1
Q

What is the primary purpose of a Probability-Impact Matrix in PM?

A

To document project risks and develop risk response plans

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2
Q

How does PM software help in tracking budget changes in a predictive, plan-based environment?

A

By providing real-time updates on project expenses and resource utilization

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3
Q

In predictive, plan-based projects, what artifact is considered the most important for ensuring project success?

A

Project Schedule

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4
Q

What is the foundation of Earned Value Management (EVM)?

A

Budget Management

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5
Q

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?

A

Task dependencies

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6
Q

What accurately describes a disadvantage of using agile PM?

A

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.

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7
Q

What accurately distinguishes between the start and end dates of a project versus those of ongoing operations

A

Projects and operations both have a defined start date, but only projects have a defined end date.

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8
Q

In PM, who is typically responsible for managing the project issues?

A

The issue owner

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9
Q

What is a primary objective of project integration management?

A

Ensuring that all project work is coordinated and aligned with the project’s goals.

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10
Q

What best describes a quality metric that can be used to measure a project or product characteristic?

A

A customer satisfaction metric that measures the product’s usability

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11
Q

What best describes how Design X considers all components of the design and how the component affects the X variable?

A

Design for X focuses on optimizing the overall performance of the design as a whole

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12
Q

What is the primary purpose of creating a run chart in PM?

A

To analyze trends and patterns in project data over time

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13
Q

What is the main purpose of forecasting final project costs based on current performance?

A

To ensure that the project stays within budget

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14
Q

What statement accurately describes the role of unpredictable futures in a predictive plan-based approach of project management?

A

Unpredictable futures are considered an incorporated into the project plan as contingency plans

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15
Q

What statement best describes the role of defining goals and objectives in a predictive, plan-based approach?

A

Defining goals and objectives is an ongoing task that is continuously revisited throughout the project lifecycle

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16
Q

What is the main goal of using project controls in decision-making?

A

To monitor progress and inform decisions in real-time

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17
Q

Which planning approach is recommended for the organization structure in adaptive projects?

A

Collaborative approach

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18
Q

Which approach for project uncertainties is recommended for the organizational structure in adaptive approaches?

A

Hybrid approach

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19
Q

What is a potential disadvantage of using distributed teams in an adaptive approach to project management?

A

Difficulty in managing conflicts and resolving issues

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20
Q

What is a potential advantage of global, cultural, and team diversity in an adaptive approach to project management?

A

Increased creativity and innovation

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21
Q

What is a potential benefit of encouraging emerging leadership in an adaptive approach to project management?

A

Increased efficiency and speed in decision making

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22
Q

What statement best describes how organizational culture challenges in a project influence the suitability of adaptive approaches?

A

Organizational culture challenges can create resistance to change and make it difficult to implement adaptive approaches in a project

23
Q

What is the role of a business analyst in adaptive projects to communicate with stakeholders?

A

To facilitate communication between project team members and stakeholders

24
Q

What external role is responsible for facilitating communication between the project team and stakeholders in adaptive project management?

A

Business analyst

25
Q

How can a Business Analyst (BA) best align stakeholders with project goals through communication?

A

Identifying stakeholders’ needs and concerns and addressing them in project communication

26
Q

What is the most effective way for a Business Analyst (BA) to communicate with stakeholders using multiple communication channels?

A

Holding regular stakeholder meetings, both in person and virtually

27
Q

What is a tool used by Business Analysts (BA) for stakeholder communication in a project?

A

Project charter

28
Q

How can a Business Analyst (BA) use industry trends to effectively communicate project information to various teams?

A

Use industry trends to validate project decisions and strategies

29
Q

How can a Business Analyst (BA) work with stakeholders to understand the needs of the project and clarify and refine requirements?

A

Conduct interviews and surveys to gather stakeholder feedback

30
Q

Due to the pandemic, a company has less physical locations and online business has slowed. There’s a decrease in sales and fewer projects for you and your team. What type of influence are you dealing with?

A

Economic Influence

31
Q

As a project manager, you are assigned to a new project. In preparation, you review the project charter. In the project charter, an agreement is included that allows you to act on behalf of the project sponsor. What type of power does this agreement give you on this project?

A

Positional

32
Q

What is the name of the group of people responsible for reviewing, evaluating, and deciding on changes to the project?

A

Change control board

33
Q

You are coming up with some ideas to resolve a problem your team is having on a project. You bring your ideas to a meeting where everyone’s thoughts are written on a whiteboard. Then, each of the ideas is discussed, and questions are answered. Finally, everyone in the meeting votes on the ideas rating them from 1-5 on a piece of paper. What kind of group creativity technique are you creating?

A

Nominal group technique

34
Q

What is not an input to scope definition

A

Data analysis

35
Q

What is a primary purpose of the requirements management plan?

A

To document how requirements will be analyzed, documented, and managed throughout the project.

36
Q

Which document provides the project manager with additional information regarding activities that are listed on the activity list?

A

Activities attributes

37
Q

What is not an output of the determine budget process?

A

Financing

38
Q

You are determining the budget for a project. You are considering risk funding allocation be established for each work package due to the uncertainty associated with the work. What is this consideration called?

A

Budget contingency reserve

39
Q

You are looking over the planning documents for your upcoming project while determining the budget. You discover that you should consider establishing a risk funding allocation for the entire project due to the nature of the project. A risk funding allocation for the overall project is called:

A

A management reserve

40
Q

What is the least useful as an input for managing quality?

A

Resource capabilities and availability

41
Q

What is the least useful as an input for performing the manage quality process?

A

Resource availability

42
Q

What is a project team that functions with an absence of centralized control called?

A

Self-organizing

43
Q

You are getting everything lined up for a project. However, you get word that the company is reducing its workforce by 15% which directly impacts your project. What should your next steps be in preparation?

A

Carefully monitor and control the scarce resources

44
Q

Outcomes of the risk assessments, risk audits, and periodic risk reviews are examples of what?

A

Project document updates

45
Q

You have about half of what you think is required to move forward with an upcoming project. What is this limit an example of?

A

Constraints to document in the project scope statement

46
Q

Which estimate is the best for the vendor choices given?
Local - 20% with 12 days
Domestic - 30% with 18 days
International - 10 % with 27 days
In-house - 15 days

A

17 days

((12 * .2) + (18 * .3) + (27 * .1) + (15 * .4)) (2.4 + 5.4 + 2.7 +6) = 16.5)

47
Q

What is the risk attitude of someone adaptable, resourceful, and not afraid to take action?

A

Risk seeking

48
Q

What is not a tool or technique used in the conduct procurements processes?

A

Seller proposals

49
Q

If your number of suppliers increased once the details of the job were clear, what consideration do you need to use to tailor the procurement process?

A

Complexity

50
Q

What is not an output of the stakeholder identification process?

A

Project charter

51
Q

What describes the influence of stakeholders on the project’s work if the stakeholder group is the project team?

A

Downward

52
Q

In the processes of project stakeholder management in an agile environment, which stakeholder roles often exchange information in a co-creative way?

A

Client, user, and developer

53
Q

About half of your stakeholders are investors and never seem to know what is happening within a project even though you sent them regular reports and related communications. What type of stakeholders are these?

A

Uninformed

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