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NEW QUESTION 612
A project manager should document the escalation path for unresolved project risks in the:
- A. Change control plan
- B. Communications management plan
- C. Stakeholder register
- D. Risk log
Answer: B
NEW QUESTION 613
The Define Scope process is in which of the following Process Groups?
- A. Planning
- B. Monitoring and Controlling
- C. Executing
- D. Initiating
Answer: A
Explanation:
Section: Volume C
Explanation:
Planning Process Group
4.2 Develop Project Management Plan
5.1 Plan Scope Management
5.2 Collect Requirements
5.3 Define Scope
5.4 Create WBS
6.1 Plan Schedule Management
6.2 Define Activities
6.3 Sequence Activities
6.4 Estimate Activity Resources
6.5 Estimate Activity Durations
6.6 Develop Schedule
7.1 Plan Cost Management
7.2 Estimate Costs
7.3 Determine Budget
8.1 Plan Quality Management
9.1 Plan Human Resource Management
10.1 Plan Communications Management
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses
12.1 Plan Procurement Management
13.2 Plan Stakeholder Management
NEW QUESTION 614
An input to the Plan Procurement Management process is:
- A. A records management system.
- B. A stakeholder register.
- C. Market research.
- D. Source selection criteria.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
5.2.1.5 Stakeholder Register
Described in Section 13.1.3.1. The stakeholder register is used to identify stakeholders who can provide information on the requirements. The stakeholder register also captures major requirements and main expectations stakeholders may have for the project.
13.1.3.1 Stakeholder Register
The main output of the Identify Stakeholders process is the stakeholder register. This contains all details related to the identified stakeholders including, but not limited to:
Identification information. Name, organizational position, location, role in the project, contact
information;
Assessment information. Major requirements, main expectations, potential influence in the project,
phase in the life cycle with the most interest; and
Stakeholder classification. Internal/external, supporter/neutral/resistor, etc.
The stakeholder register should be consulted and updated on a regular basis, as stakeholders may change-or new ones identified-throughout the life cycle of the project.
Process: 12.1 Plan Procurement Management
Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.
Inputs
1. Project management plan
2. Requirements documentation
3. Risk register
4. Activity resource requirements
5. Project schedule
6. Activity cost estimates
7. Stakeholder register
8. Enterprise environmental factors
9. Organizational process assets
Tools & Techniques
1. Make-or-buy analysis
2. Expert judgment
3. Market research
4. Meetings
Outputs
1. Procurement management plan
2. Procurement statement of work
3. Procurement documents
4. Source selection criteria
5. Make-or-buy decisions
6. Change requests
7. Project documents updates
NEW QUESTION 615
A project manager is assigned to a strategic project Senior management asks the project manager to give a presentation in order to request support that will ensure the success of the project.
Which entities will the project manager attempt to influence?
- A. The project and the organization
- B. The subject matter experts and the project
- C. The organization and the industry
- D. The change control board and the organization
Answer: D
NEW QUESTION 616
A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables is called a:
- A. beta distribution
- B. triangular distribution
- C. tornado diagram
- D. fishbone diagram
Answer: C
NEW QUESTION 617
Which Project Management Process Group includes Collect Requirements, Define Activities, Sequence Activities, Perform Qualitative Risk Analysis, and Perform Quantitative Risk Analysis?
- A. Planning
- B. Monitoring and Controlling
- C. Closing
- D. Initiating
Answer: A
NEW QUESTION 618
Which of the following is an output of the Perform Integrated Change Control process?
- A. Updated project charter
- B. Approved change request
- C. Cost-benefit analysis
- D. Multicriteria decision analysis
Answer: B
Explanation:
Section: Volume E
NEW QUESTION 619
Which of the following buffers protects the target finish date from slippage along the critical chain?
- A. Project buffer
- B. Duration buffer
- C. Feeding buffer
- D. Critical buffer
Answer: A
Explanation:
Section: Volume E
Explanation:
6.6.2.3 Critical Chain Method
The critical chain method (CCM) is a schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. It is developed from the critical path method approach and considers the effects of resource allocation, resource optimization, resource leveling, and activity duration uncertainty on the critical path determined using the critical path method. To do so, the critical chain method introduces the concept of buffers and buffer management. The critical chain method uses activities with durations that do not include safety margins, logical relationships, and resource availability with statistically determined buffers composed of the aggregated safety margins of activities at specified points on the project schedule path to account for limited resources and project uncertainties. The resource-constrained critical path is known as the critical chain.
The critical chain method adds duration buffers that are non-work schedule activities to manage uncertainty.
One buffer, placed at the end of the critical chain, as shown in Figure 6-19, is known as the project buffer and protects the target finish date from slippage along the critical chain. Additional buffers, known as feeding buffers, are placed at each point where a chain of dependent activities that are not on the critical chain feeds into the critical chain. Feeding buffers thus protect the critical chain from slippage along the feeding chains.
The size of each buffer should account for the uncertainty in the duration of the chain of dependent activities leading up to that buffer. Once the buffer schedule activities are determined, the planned activities are scheduled to their latest possible planned start and finish dates. Consequently, instead of managing the total float of network paths, the critical chain method focuses on managing the remaining buffer durations against the remaining durations of chains of activities.
Figure 6-19. Example of Critical Chain Method
NEW QUESTION 620
Which tool within the Perform Quality Control process identifies whether or not a process has a predictable performance?
- A. Histogram
- B. Cause and effect diagram
- C. Pareto chart
- D. Control charts
Answer: D
NEW QUESTION 621
Skills necessary for project management such as motivating to provide encouragement; listening actively; persuading a team to perform an action; and summarizing, recapping, and identifying next steps are known as:
- A. technical skills
- B. hard skills
- C. communication skills
- D. organizational skills
Answer: C
Explanation:
Section: Volume B
Explanation
Explanation:
Negotiation, influencing and problem-solving skills are all important for a project manager to possess; however, good communication skills are the most important skills a project manager.
NEW QUESTION 622
What is the function of a Project Management Office (PMO)?
- A. To focus on the coordinated planning, prioritization, and execution of projects and subprojects that are tied to the parent organizations or the client's overall business objectives.
- B. To focus on the specified project objectives and to manage the scope, schedule, cost, and quality of the work packages.
- C. To administer performance reviews for the project manager and the project team members and to handle any personnel and payroll issues.
- D. To coordinate and manage the procurement of projects relevant to the parent organization's business objectives and to administer the project charters accordingly.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A primary function of a PMO is to support project managers in a variety of ways which may include, but are not limited to:
Managing shared resources across all projects administered by the PMO;
Identifying and developing project management methodology, best practices, and standards;
Coaching, mentoring, training, and oversight;
Monitoring compliance with project management standards, policies, procedures, and templates by
means of project audits;
Developing and managing project policies, procedures, templates, and other shared documentation
(organizational process assets); and
Coordinating communication across projects.
NEW QUESTION 623
Which of the following is an input to Develop Human Resource Plan?
- A. Roles and responsibilities
- B. Enterprise environmental factors
- C. Team performance assessment
- D. Staffing management plan
Answer: B
Explanation:
Section: Volume D
NEW QUESTION 624
Which of the following is a complete set of indexed contract documentation, including the closed contract?
- A. Negotiated settlements
- B. Procurement package
- C. Procurement file
- D. Procurement management plan
Answer: C
Explanation:
Explanation/Reference:
Explanation:
12.4.3.2 Organizational Process Assets Updates
Elements of the organizational process assets that may be updated include, but are not limited to:
Procurement file. A complete set of indexed contract documentation, including the closed contract, is
prepared for inclusion with the final project fles.
Deliverable acceptance. Documentation of formal acceptance of seller-provided deliverables may be
required to be retained by the organization. The Close Procurement process ensures this documentation requirement is satisfed. Requirements for formal deliverable acceptance and how to address nonconforming deliverables are usually defined in the agreement.
Lessons learned documentation. Lessons learned, what has been experienced, and process
improvement recommendations, should be developed for the project fle to improve future procurements.
NEW QUESTION 625
Which of the following is TRUE about most project life cycles?
- A. The stakeholders' influence is highest at the start.
- B. Staffing level is highest at the start.
- C. The level of uncertainty is lowest at the start.
- D. The cost of changes is highest at the start.
Answer: A
Explanation:
Section: Volume C
NEW QUESTION 626
Which of the following methods is a project selection technique?
- A. Pareto analysis
- B. Cost-benefit analysis
- C. Flowcharting
- D. Earned value
Answer: B
Explanation:
Explanation/Reference:
Explanation:
8.1.2.1 Cost-Benefit Analysis
The primary benefits of meeting quality requirements include less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. A cost-benefit analysis for each quality activity compares the cost of the quality step to the expected benefit.
NEW QUESTION 627
The cost performance baseline is typically displayed in the form of:
- A. An S-curve.
- B. A normal curve.
- C. A U-curve.
- D. A positive slope line.
Answer: A
Explanation:
Section: Volume E
Explanation/Reference:
NEW QUESTION 628
Which type of risk diagram is useful for showing time ordering of events?
- A. Milestone
- B. Influence
- C. Decision tree
- D. Ishikawa
Answer: B
NEW QUESTION 629
Which is the best way for a project manager to ensure efficient and frequent communication with management and stakeholders in an agile/adaptive environment?
- A. Create a social network and post news there.
- B. Make surveys among the stakeholders and meet with the team once a month.
- C. Create personalized emails for each stakeholder, asking for requests and reviewing objectives with them periodically.
- D. Post project artifacts in a transparent fashion and engage stakeholders on a regular basis.
Answer: D
Explanation:
Section: Volume E
Explanation
Open, frequent, and informal communication is the cornerstone of agile managed projects. The best form of communication is face to face conversations. Agile teams working in a collocated space that supports communication is ideal. Planning communications management that hinders or places boundaries on those conversations is counterproductive. A project manager needs to encourage more communication, not less. A project manager also needs to support the capturing and flow of communication between stakeholders.
Scheduling more communication checkpoints, such as daily standup meetings, increases the communication exchanges. And, when possible, posting and distributing information to the team aids communication flow - whether in physical locations, digitized, or both. Withholding conversations or enforcing extended quiet times is the antithesis of good communication flow.
NEW QUESTION 630
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