CAPM Mock Exam 1 Flashcards
An IT support team often deals with unpredictable hardware failures. They can’t predict the frequency or complexity of issues and always address the current problem before moving to the next.
Which methodology would suit them best?
Scrum
XP
Kanban
SAFe
Kanban: because of its emphasis on completing tasks in the current queue before picking up new ones
Which equation helps you measure the schedule variance (SV) of your project’s progress?
SV = EV - PV
Schedule Variance (SV) compares the work performed (EV) against the work that was planned to be done (PV). A positive SV indicates the project is ahead of schedule, while a negative SV means it’s behind.
During the development phase of a new software application, the development team finds an opportunity to incorporate a new, innovative technology that wasn’t part of the original scope.
What should the project manager do next?
Propose a change request after evaluating the impact of this new technology on the project timeline and budget
A startup wants to develop a new mobile app. The features and functions will be prioritized based on early user feedback.
What delivery method and artifacts should the product manager choose?
Adaptive product development; product roadmap and feature backlog
Startups often adapt their products based on user feedback, making the adaptive approach suitable. A product roadmap outlines the intended journey, and a feature backlog captures and prioritizes user feedback and desired functionalities.
A project team is preparing to launch a new website when they discover that the software platform they’re using has a significant security vulnerability.
What should the project manager do next?
Implement a change request process
Discovering vulnerabilities requires assessing their impact and making necessary adjustments. A change request process allows for a structured method of implementing these changes.
A startup is launching a new e-commerce platform and wants to ensure they cater to all potential users. The CEO has tasked the business analyst with gathering detailed requirements.
What should the business analyst do?
Organize a workshop with the marketing and sales team
While surveys and market research provide valuable insights, having an interactive workshop with the teams directly involved with the users can provide specific and actionable requirements for the platform.
After a risk assessment workshop, several team members seemed confused about their responsibilities concerning identified risks.
What should the project manager do next to evaluate the workshop’s effectiveness?
Refer to the risk management plan to check the predefined success criteria for such workshops
The risk management plan typically contains predefined success criteria for risk workshops, so it’s a good reference point.
Feedback from the latest user surveys shows that customers find the company’s mobile app confusing and hard to navigate.
How should the project team respond?
Gather more specific feedback and identify key areas for improvement
Before making any drastic changes, it’s essential to understand the specific pain points users are facing. Detailed feedback will guide the product team in making targeted and effective improvements.
A company is initiating an event, and the organizers are confused about the procurement of certain items.
Which document would help them understand the procurement process and guidelines?
Procurement management plan
The procurement management plan outlines how procurement will be managed, from procurement planning to contract closure.
Some stakeholders have reported that they are not receiving regular project updates.
What action should the project manager take?
Review the project communications management plan and set up a meeting with the communications manager and key stakeholders
If stakeholders aren’t receiving updates, the project communications management plan may need to be reviewed or reinforced.
A software team is working on integrating third-party solutions into their existing platform.
To ensure that software functionalities align with business objectives, who should be involved in translating the high-level business requirements into detailed software specifications?
Business analyst
A business analyst is skilled at translating business needs into detailed requirements. While other roles may contribute to understanding requirements, the business analyst is specifically trained to bridge the gap between business objectives and technical specifications.
A coordinator is responsible for organizing a company-wide training event scheduled to happen in two months.
Which type of managing is the coordinator performing?
Project
Project management is about organizing and directing the resources (both human and material) to complete a specific, one-time task or goal within a defined timeframe.
The project manager needs to break down the project into smaller, manageable tasks.
Which method should they use to achieve this?
Work breakdown structure (WBS)
A WBS is used to decompose the project into smaller, more manageable components or tasks.
The project manager is trying to visualize the sequence of project activities and their dependencies.
Which tool will be the most effective?
Network diagram
A network diagram, also known as a PERT chart or precedence diagram, displays the sequence of project activities and their interdependencies. This helps in understanding the flow and sequence of tasks in a project.
What is the formula to calculate EAC?
EAC = BAC/CPI
A software development team lead is planning a sprint and wants to be sure each member of her team understands their specific duties for each task. She decides to use a matrix to make the roles clear.
What is the matrix she might be thinking of?
RACI: stands for Responsible, Accountable, Consult, and Inform, and is a widely-used matrix for defining roles and responsibilities.
What best distinguishes an issue from a risk in project management?
An issue has already occurred, while a risk is a potential future event
An issue is a current problem or concern that needs to be addressed. It is something that has already occurred and can affect the project’s objectives. A risk is a potential event or condition that, if it occurs, could have a positive or negative effect on a project’s objectives. It is uncertain and represents a level of threat or opportunity to the project.
A pharmaceutical company is developing a generic version of a well-established medication.
Which delivery approach is most suitable in this context?
Predictive: because the medication’s formula is well-documented
Developing a generic medication typically involves well-documented formulas and requirements, aligning with a predictive approach.
Upon reaching the end of a sprint, a Scrum team has addressed all feedback from the sprint review and made necessary adjustments.
What should they focus on now?
A: Taking a short break before starting a new sprint
B: Assigning new tasks to team members
C: Initiating the sprint retrospective
D: Merging the sprint’s code with the main branch
Initiating the sprint retrospective
After addressing feedback from the sprint review, the team should focus on the sprint retrospective to reflect on the past sprint’s processes and outcomes and determine ways to improve in the next sprint.
What best describes the primary difference between leadership and management?
Leadership is about establishing a vision and direction, while management is about maintaining stability and complexity
A project was supposed to use a budget of $50,000 but ended up using $55,000 to achieve the same amount of work.
What is the cost variance (CV)?
-$5,000
CV = EV - AC. EV = $50,000 and AC = $55,000, CV = $50,000 - $55,000 = -$5,000.
A project lead is monitoring the financial health of a task. The earned value (EV) of the task is equal to the actual cost (AC) of the task.
How should the project lead report the status of the task?
The task is tracking perfectly on budget
When EV and AC are equal, the cost variance is zero, indicating that the task is on budget.
The project manager is unsure about the budget for a new software development project. He refers to a project with a similar scope completed last year to get a cost baseline.
What estimation method is he relying on?
Analogous
Analogous estimating is based on the costs of similar projects from the past to forecast the budget for a current project.
The product owner is prioritizing features for a new software release.
Which tool should he use to determine what to focus on first?
MoSCoW
Must have, should have, could have: won’t have (MoSCoW). The MoSCoW method helps stakeholders prioritize tasks or requirements based on their importance and urgency.
