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BUSM 391 CAPM Final Exam Flashcards | StudBud
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BUSM 391 CAPM Final Exam
BUSM 391 CAPM Final Exam
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This is our Class CAPM Final Exam. Good Luck, Team! Aloha, Professor Eddie Merc, Ph.D.
Flashcards
100 cards
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Questions
100
Answers
1
Reserve analysis is a tool and technique used in which process?
Control Risks
Plan Risk Management
Identify Risks
Plan Risk Responses
2
Risk categorization is a tool or technique used in which process?
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Plan Risk Responses
Plan Risk Management
3
An example of a group decision-ma king technique is:
Multi-criteria decision analysis.
Nominal group technique.
Affinity diagram.
Majority.
4
Which tool or technique is used in the Develop Project Management Plan process?
Pareto diagram
Performance reporting
SWOT analysis
Expert judgment
5
Which document in the project management plan can be updated in the Plan Procurement Management process?
Risk matrix
Requirements documentation
Budget estimates
Procurement documents
6
The zero duration of milestones in project planning occurs because milestones:
Are unpredictable and challenge the Plan Schedule Management process.
Represent a moment in time such as a significant project point or event.
Represent both significant and insignificant points in the project
Occur at random times in the project plans.
7
When painting a bedroom, preparing the walls can be done while the paint is being chosen. This is an example of a:
lead
mandatory dependency
Lag
internal dependency
8
Which process determines the risks that may affect the project and documents their characteristics?
Identify Risks
Plan Risk Responses
Plan Risk Management
Control Risks
9
A complete set of concepts, terms, and activities that make up an area of specialization is known as:
a Knowledge Area
portfolio management
program management
Process Group
10
Which type of graphic is displayed below?
Pareto diagram
Context diagram
Control chart
Work breakdown structure
11
An example of a group decision-making technique is:
multi-criteria decision analysis
nominal group technique
affinity diagram
majority
12
Which process involves developing an approximation of the monetary resources needed to complete project activities?
Estimate Costs
Plan Cost Management
Determine Budget
Control Costs
13
A project manager should document the escalation path for unresolved project risks in the:
Stakeholder register
Risk log
Change control plan
Communications management plan
14
In project management, a temporary project can be:
Long in duration
Ongoing to produce goods
A routine business process
Completed without planning
15
A graphic display of project team members and their reporting relationships is known as a:
Resource breakdown structure (RBS).
Project organization chart.
Responsibility assignment matrix (RAM).
Resource calendar.
16
Which stakeholder approves a project's result?
Sponsor
Seller
Customer
Functional manager
17
The number of potential communication channels for a project with 5 stakeholders is:
10.
12
20
24
18
Which process in Project Time Management includes reserve analysis as a tool or technique?
Develop Schedule
Sequence Activities
Estimate Activity Durations
Estimate Activity Resources
19
Which tool or technique is used to manage change requests and the resulting decisions?
Change log
Change control tools
Expert judgment
Delphi technique
20
Inputs to the Plan Schedule Management process include:
Activity attributes and resource calendars.
Time tables and Pareto diagrams.
Organizational process assets and the project charter,
Enterprise environmental factors and schedule tools.
21
An input to the Control Quality process is:
Activity attributes
Enterprise environmental factors
Quality control measurements
Deliverables
22
The planned work contained in the lowest level of work breakdown structure (WBS) components is known as:
The scope baseline.
Accepted deliverables.
Work packages.
The WBS dictionary.
23
Which input to Collect Requirements is used to identify stakeholders who can provide information on requirements?
information on requirements? A. Stakeholder register
Project charter
Scope management plan
Stakeholder management plan
24
Which Knowledge Area involves identifying the people, groups, or organizations that may be impacted by or impact a proje
Project Risk Management
Project Stakeholder Management
Project Human Resource Management
Project Scope Management
25
Through whom do project managers accomplish work?
Stakeholders and functional managers
Consultants and stakeholders
Project team members and consultants
Project team members and stakeholders
26
Which Process Group and Knowledge Area include the Sequence Activities process?
Executing Process Group and Project Time Management
Executing Process Group and Project Cost Management
Planning Process Group and Project Cost Management
Planning Process Group and Project Time Management
27
Status of deliverables, implementation status for change requests, and forecasted estimates to complete are examples of:
Earned value management.
Organizational process assets.
Work performance information.
Enterprise environmental factors.
28
A benefit of using virtual teams in the Acquire Project Team process is the reduction of the:
costs associated with travel
possibility of communication misunderstandings
cultural differences of team members
costs associated with technology
29
During which process does the project team receive bids and proposals?
Control Budget
Estimate Costs
Conduct Procurements
Plan Procurements
30
The Monitoring and Controlling Process Group includes processes that:
Track, review, and regulate the progress and performance of a project.
Establish the scope, objectives, and course of action of a project,
Define a new project or a new phase of an existing project.
Complete the work defined in the project management plan.
31
Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be:
Regulated
Continuous
Discrete
Arbitrary
32
The cost baseline and project funding requirements are outputs of which process in Project Cost Management?
Control Costs
Plan Cost Management
Estimate Costs
Determine Budget
33
The process of prioritizing risks for further analysis or action is known as:
Plan Risk Management.
Perform Quantitative Risk Analysis.
Plan Risk Responses.
Perform Qualitative Risk Analysis.
34
Project deliverables that have been completed and checked for correctness through the Control Quality process are known
Acceptance criteria.
Verified deliverables.
Validated deliverables.
Activity resource requirements.
35
An output of the Manage Stakeholder Engagement process is:
change requests
the stakeholder management plan
enterprise environmental factors
the change log
36
Which Control Quality tool is also known as an arrow diagram?
Affinity diagram
Activity network diagram
Matrix diagram
Tree diagram
37
A tool and technique used in the Develop Project Charter process is:
change control tools
expert judgment
analytical techniques
meetings
38
Conditions that are not under the control of the project team that influence, direct, or constrain a project are called:
Organizational process assets
Context diagrams
Enterprise environmental factors
Work performance reports
39
The risk response strategy in which the project team acts to reduce the probability of occurrence or impact of a risk is
mitigate
share
exploit
avoid
40
The free float for Activity E is how many days?
8
2
3
5
41
Which process numerically analyzes the effect of identified risks on overall project objectives?
Perform Qualitative Risk Analysis
Plan Risk Management
Perform Quantitative Risk Analysis
Plan Risk Responses
42
Which item is an output of Plan Quality Management and an input to Perform Quality Assurance?
Organizational process updates
Quality metrics
Quality control measurements
Change requests
43
Based on the chart, what is the cost variance (CV) for Task 6?
-2000
0
2000
1000
44
An input to Develop Project Charter is a/an:
Project management plan.
Activity list.
Business case.
Cost forecast.
45
Which tools or techniques are used during the Close Project or Phase process?
Performance reviews and meetings
Reserve analysis and expert judgment
Expert judgment and analytical techniques
Facilitation techniques and meetings
46
A project manager builds consensus and overcomes obstacles by employing which communication technique?
Facilitation
Presentation
Listening
Meeting management
47
Stakeholder satisfaction should be managed as a key project:
Initiative
Process
Objective
Benefit
48
The process of identifying and documenting relationships among the project activities is known as:
Sequence Activities.
Control Schedule.
Define Activities.
Develop Schedule.
49
A temporary endeavor that creates a unique product or service is called
Project
Portfolio
Program
Operation
50
Project management processes ensure the:
efficient means to achieve the project objectives
alignment with organizational strategy
Effective flow of the project throughout its life cycle
performance of the project team
51
In which Knowledge Area is the project charter developed?
Project Scope Management
Project Time Management
Project Cost Management
Project Integration Management
52
The shortest non-critical path for the project is how many days in duration?
10
16
12
14
53
Job satisfaction, challenging work, and sufficient financial compensation are values related to which interpersonal skil
Influencing
Trust building Correct
Motivation
Negotiation
54
When a project is undertaken to reduce defects in a product or service, the objective of the project is to create a/an:
result
improvement
portfolio
program
55
The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:
management
appetite
tolerance
response
56
Which project risk listed in the table below is most likely to occur?
2
1
3
4
57
An output of the Perform Integrated Change Control process is:
The requirements traceability matrix.
Deliverables.
Validated changes.
The change log.
58
An output of the Direct and Manage Project Work process is:
Activity lists.
A scope statement.
A work breakdown structure.
Deliverables.
59
Which tool or technique is used in validating the scope of a project?
Interviews
Facilitated workshops
Inspection
Meetings
60
Based on the chart, what is the schedule variance (SV) for Task 8?
-2000
1000
2000
-1000
61
A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a tool or technique used in which process?
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Identify Risks
Control Risks
62
Perform Integrated Change Control is the process of:
Reviewing, approving, and managing all change requests
Comparing actual results with planned results in order to expand or change
Facilitating change management, manuals, or automation tools
Documenting changes according to the change control system
63
Which tool or technique allows a large number of ideas to be classified into groups for review and analysis?
Brainstorming
Affinity diagram
Idea/mind mapping
Nominal group technique
64
The degree, amount, or volume of risk that an organization or individual will withstand is known as its risk:
Appetite
Tolerance
Response
Analysis
65
Which is an enterprise environmental factor?
Project files from previous projects
Policies and procedures
Marketplace conditions
Lessons learned from previous projects
66
External organizations that have a special relationship with the enterprise and provide specialized expertise are called
Functional managers.
Customers.
Business partners.
Sellers.
67
Which process involves subdividing project deliverables and project work into smaller, more manageable portions?
Define Scope
Develop Schedule
Estimate Activity Resources
Create WBS
68
Power, urgency, and legitimacy are attributes of which stakeholder classification model?
Salience
Power/influence
Influence/impact
Power/interest
69
Which item is a cost of conformance?
Scrap
Liabilities
Training
Lost business
70
An input to the Plan Procurement Management process is:
A stakeholder register.
A records management system.
Source selection criteria.
Market research.
71
A reward can only be effective if it is:
Satisfying a need valued by the individual.
Given immediately after the project is completed.
Formally given during project performance appraisals.
Something that is tangible.
72
Which quality tool may prove useful in understanding and estimating the cost of quality in a process?
Control charts
Histograms
Checksheets
Flowcharts
73
Payback period, return on investment, internal rate of return, discounted cash flow, and net present value are all eg.of
Expert judgment.
Group decision-making techniques.
Analytical techniques.
Earned value management.
74
Which Plan Schedule Management tool or technique may involve choosing strategic options to estimate and schedule the pro
Expert judgment
Analytical techniques
Variance analysis
Facilitation techniques
75
Activity cost estimates and the project schedule are inputs to which Project Cost Management process?
Estimate Costs
Plan Cost Management
Determine Budget
Control Costs
76
Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incent
Cost Plus Incentive Fee (CPIF)
Time and Material (T&M)
Cost Pius Award Re (CPAF)
Fixed Price Incentive Fee (FPIF)
77
The organization's perceived balance between risk taking and risk avoidance is reflected in the risk:
Appetite
Responses
Tolerance
Attitude
78
Which item is a formal proposal to modify any document, deliverable, or baseline?
Change request
Risk urgency assessment
Requirements documentation
Scope baseline
79
What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?
0.06
0.10
0.50
0.03
80
A risk that arises as a direct result of implementing a risk response is called a:
potential risk
secondary risk
contingent risk
residual risk
81
Specification of both the deliverables and the processes is the focus of:
Configuration control
Project monitoring and control
Change control
Issue control
82
The total float for the project is how many days?
5
14
9
12
83
Which basic quality tool is most useful when gathering attributes data in an inspection to identify defects?
Ishikavva diagrams
Control charts
Pareto diagrams
Checksheets
84
Which project document is updated in the Control Stakeholder Engagement process?
Issue Log
Project reports
Lessons learned documentation
Work performance information
85
Project Stakeholder Management focuses on:
communication methods
managing conflicting interests
project team acquisition
project staff assignments
86
Progressively elaborating high-level information into detailed plans is performed by the:
portfolio manager
project management office
program manager
project manager
87
The Identify Stakeholders process is found in which Process Group?
Monitoring and Controlling
Executing
Planning
Initiation
88
Typical outcomes of a project include:
Improvements, processes, and products.
Products, programs, and services.
Products, services, and improvements.
Improvements, portfolios, and services.
89
An output of the Plan Quality Management process is:
Work performance information,
Quality control measurements.
Process improvement plan,
The project management plan.
90
The chart below is an example of a:
Work breakdown structure (WBS)
RACI chart
Responsibility assignment matrix (RAM)
Requirements traceability matrix
91
An input to Close Project or Phase is:
Work performance information.
Document updates,
Final products or services,
Accepted deliverables,
92
When does the project team determine which dependencies are discretionary?
Before the Sequence Activities process
During the Sequence Activities process
During the Define Activities process
Before the Define Activities process
93
Which Project Time Management process includes bottom-up estimating as a tool or technique?
Develop Schedule
Estimate Activity Resources
Estimate Activity Durations
Sequence Activities
94
The critical path for the project is how many days in duration?
14
10
12
17
95
The ability to influence cost is greatest during which stages of the project?
Middle
Completion
Late
Early
96
Based on the chart, what is the cost performance index (CPI) for Task 2?
1
1.8
1.25
0.8
97
An input to Conduct Procurements is:
Independent estimates.
Seller proposals.
Resource calendars.
Selected sellers.
98
A logical relationship in which a successor activity cannot start until a predecessor activity has finished is known as:
Start-to-finish (SF).
Finish-to-finish (FF).
Finish-to-start (FS).
Start-to-start (SS).
99
Which cost is associated with nonconformance?
Training
Equipment
Liabilities
Inspections
100
Sensitivity analysis is typically displayed as a/an:
Pareto diagram.
Ishikawa diagram.
Tornado diagram.
Decision tree diagram.