PMI CAPM CA0-001 Questions & Answers

• Question 51:

  involves using project characteristics in a mathematical model

  A. Analogous estimating

  B. Life-cycle costing

  C. Parametric modelling

  D. Bottom up estimating

  Correct Answer: C

  Parametric modeling : Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square foot).

• Question 52:

  A Project Cost Management plan is created as a part of:

  A. Develop Project Management Plan process

  B. Control Costs process

  C. Determine Budget process

  D. Estimate Costs process

  Correct Answer: A

  There is no separate process in the Project Cost Estimation knowledge area to develop a cost management plan. It is devloped in Develop Project Management Plan process.

• Question 53:

  Which describes how cost variances will be managed?

  A. Cost management plan

  B. Cost baseline

  C. Cost estimate

  D. Chart of accounts

  Correct Answer: A

  Cost management plan describes how cost variances will be managed.

• Question 54:

  A is a series of actions bringing about a result.

  A. Project plan

  B. Process

  C. Schedule

  D. Flowchart

  Correct Answer: B

• Question 55:

  The buyer and seller are bound by the .

  A. Contract

  B. Responsibilities

  C. WBS

  D. Identification

  Correct Answer: A

  The buyer and seller are bound by the contract.

• Question 56:

  Which is not the tools and techniques used in Contract Administration:

  A. Contract change control system

  B. Contract negotiation

  C. Payment system

  D. Performance rating

  Correct Answer: B

  Contract negotiation is not the tools and techniques used in Contract Administration.

• Question 57:

  Which of the following is an output of Define Scope?

  A. PBS

  B. Project Scope statement

  C. WBS Template

  D. Constraints

  Correct Answer: B

  Output of Define Scope is Project Scope statement.

• Question 58:

  Cost benefit analysis, scorecard modelling, payback periods, and internal rate of return are examples of:

  A. Enterprise benefits measurement methods when selecting a project

  B. Integral parts of the SOW

  C. Ways to ensure stakeholder commitment

  D. Project selection methods

  Correct Answer: A

  Projects are seeded from the recognition of a regulatory or business need.

• Question 59:

  Market conditions are a part of .

  A. Enterprise environmental factors

  B. Project management concerns

  C. Organizational process assets

  D. Cost factor

  Correct Answer: A

  Market conditions will influence all factors of procurement.

• Question 60:

  How many communication channels will be required in a project in which 10 individual are participating?

  A. 45

  B. 12

  C. 10

  D. 5

  Correct Answer: A

  No of communication channels: n*(n-1)/2 where n = individual. In this case 10*(10-1)/2 = 45