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CAPM Study Cards > Chapter 1 > Flashcards

Chapter 1 Flashcards

1
Q

The PMBOK guide identifies a subset of the project management body of knowledge that is generally recognized as ______.

A) good knowledge
B) good practice
C) a set of standards
D) a set of rules

A

B) good practice

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2
Q

Who works with the project team and other stakeholders to determine and use the appropriate generally recognized good practices for each project?

A) Team leader
B) Project Management Office
C) Sponsor
D) Project Manager

A

D) Project Manager

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3
Q

Determining the appropriate combination of processes, inputs, tools, techniques, outputs and life cycle phases to manage is a project is referred to as?

A) Leadership Skills
B) Qualitative Process
C) Tailoring
D) Earned Value Analysis

A

C) Tailoring

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4
Q

What is a temporary endeavor undertaken to create a unique product, service, or result?

A

A project

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5
Q

What is a unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project?

A) Statement of work
B) A deliverable
C) Scope
D) Phase gate

A

B) A deliverable

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6
Q

Repetitive elements are present in some?

A) projects
B) portfolios
C) phase gates
D) programs

A

A) projects

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7
Q

Which of the following is NOT true about when the end of temporary projects are reached?

A) The project’s objectives have been achieved
B) Funding is plentiful
C) The human or physical resources are no longer available
D) The project is terminated for legal cause or convenience.

A

B) Funding is plentiful

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8
Q

True or False:

Projects are temporary, but their deliverables may exist beyond the end of the project.

A

True

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9
Q

Which of the following is NOT an example of tangible elements?

A) Monetary assets
B) Fixtures
C) Tools
D) Market share
E) Utility
F) Goodwill
A

F) Goodwill

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10
Q

What is a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually?

A) project
B) program
C) portfolio

A

B) program

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11
Q

What is the guideline of recognizing a megaproject?

A

A) cost $1 billion or more
B) affect 1 million or more people
C) run for years

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12
Q

What is defined as projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives?

A) program
B) project
C) portfolio

A

C) portfolio

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13
Q

Which is not true of the aim of portfolio management?

A) Provide decision-making transparency
B) Increase the likelihood of realizing the desired return on investment
C) Resolving issues between component projects and the program level
D) Prioritize team and physical resource allocation

A

C) Resolving issues between component projects and the program level

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14
Q

What is concerned with the ongoing production of goods and/or services?

A) project management
B) program management
C) operations management
D) portfolio management

A

C) operations management

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15
Q

What is the purpose of Organizational Project Management (OPM)?

A) ensure that the organization undertakes the right projects and allocates critical resources appropriately
B) a review at the end of a phase in which a decision is made to continue to the next phase
C) a systematic series of activities directed toward causing an end result where on or more inputs will be acted upon to create one or more outputs
D) a collection of logically related projects activities that culminates in the completion of one or more deliverables

A

A) ensure that the organization undertakes the right projects and allocates critical resources appropriately

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16
Q

What is the series of phases that a project passes through from its start to its completion?

A) phase gate
B) project phase
C) project life cycle
D) Project management processes

A

C) project life cycle

17
Q

What is a collection of logically related project activities that culminates in the completion of one or more deliverables?

A) phase gate
B) project phase
C) project life cycle
D) Project management processes

A

B) project phase

18
Q

Predictive life cycle may also be referred to as?

A

Waterfall life cycle

19
Q

True or false.

Project life cycles are independent of product life cycles?

A

True

20
Q

The PMBOK Guide groups processes into ____ categories called Process Groups.

A) 7
B) 4
C) 49
D) 5

A

D) 5

21
Q

What are the five process groups?

A) Initiating, allocating, executing, closing, planning
B) Monitoring and controlling, funding, planning, closing, initiating
C) Initiating, monitoring and controlling, executing, closing, planning
D) Closing, monitoring and controlling, leading, planning, allocating

A

C) Initiating, monitoring and controlling, executing, closing, planning

22
Q

What is true of knowledge areas?

A) they are used in all projects all the time
B) they are used in some projects most of the time
C) they are used in most projects most of the time
D) they are used in most projects some of the time

A

C) they are used in most projects most of the time

23
Q

How many knowledge areas are their in the PMBOK guide?

A) 49
B) 5
C) 6
D) 10

A

D) 10

24
Q

What is performance data?

A) raw observations and measurements identified during activities performed to carry out the project work.
B) collected from various controlling processes, analyzed in context and integrated based on relationships across areas
C) physical or electronic representation of work.

A

A) raw observations and measurements identified during activities performed to carry out the project work.

25
Q

Which is NOT an example of work performance information?

A) status of deliverables
B) number of change request
C) implementation status for change request
D) forecast estimates to complete

A

B) number of change request

26
Q

Why is tailoring necessary?

A) because each project is unique
B) because sponsors require it
C) because it is a common way to keep overall project budget down

A

A) because each project is unique

27
Q

Who is generally accountable for the development and maintenance of the project business case document?

A) Functional leader
B) Project Manager
C) Project Management Office
D) Project Sponsor

A

D) Project Sponsor

28
Q

A document issues by the project sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

A) business case
B) project management plan
C) project charter
D) risk management plan

A

C) project charter

CAPM Study Cards (8 decks)

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