PMI CAPM PMI-100 Questions & Answers

• Question 231:

  Which enterprise environmental factors are considered during cost estimating?

  A. Market conditions and published commercial information

  B. Company structure and market conditions

  C. Commercial information and company structure

  D. Existing human resources and market conditions

  Correct Answer: A

  Explanation:

  7.2.1.6 Enterprise Environmental Factors

  Described in Section 2.1.5. The enterprise environmental factors that influence the Estimate Costs process include, but are not limited to:

  Market conditions. These conditions describe what products, services, and results are available in the market, from whom, and under what terms and conditions. Regional and/or global supply and demand conditions greatly influence resource costs.

  Published commercial information. Resource cost rate information is often available from commercial databases that track skills and human resource costs, and provide standard costs for material and equipment. Published seller price lists are another source of information.

  Process: 7.2 Estimate Costs Definition: The process of developing an approximation of the monetary resources needed to complete project activities. Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.

  Inputs

  1.

  Cost management plan

  2.

  Human resource management plan

  3.

  Scope baseline

  4.

  Project schedule

  5.

  Risk register

  6.

  Enterprise environmental factors

  7.

  Organizational process assets

  Tools and Techniques

  1.

  Expert judgment

  2.

  Analogous estimating

  3.

  Parametric estimating

  4.

  Bottom-up estimating

  5.

  Three-point estimating

  6.

  Reserve analysis

  7.

  Cost of quality

  8.

  Project management software

  9.

  Vendor bid analysis 10.Group decision-making techniques

  Outputs

  1.

  Activity cost estimates

  2.

  Basis of estimates

  3.

  Project documents updates

• Question 232:

  Who, along with the project manager, is supposed to direct the performance of the planned project

  activities and manage the various technical and organizational interfaces that exist within the project?

  A. The customer and functional managers

  B. The risk owners and stakeholders

  C. The sponsors and stakeholders

  D. The project management team

  Correct Answer: D

• Question 233:

  In an organization with a projectized organizational structure, who controls the project budget?

  A. Functional manager

  B. Project manager

  C. Program manager

  D. Project management office

  Correct Answer: B

• Question 234:

  Organizations perceive risks as:

  A. events that will inevitably impact project and organizational objectives.

  B. the effect of uncertainty on their project and organizational objectives.

  C. events which could have a negative impact on project and organizational objectives.

  D. the negative impact of undesired events on their project and organizational objectives.

  Correct Answer: B

• Question 235:

  The Define Scope process is in which of the following Process Groups?

  A. Initiating

  B. Planning

  C. Monitoring and Controlling

  D. Executing

  Correct Answer: B

  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

• Question 236:

  Which of the following is an enterprise environmental factor that can influence the Develop Project Charter process?

  A. Organizational standard processes

  B. Marketplace conditions

  C. Historical information

  D. Templates

  Correct Answer: B

  Explanation:

  4.1.1.4 Enterprise Environmental Factors

  Described in Section 2.1.5. The enterprise environmental factors that can influence the Develop Project Charter process include, but are not limited to:

  Governmental standards, industry standards, or regulations (e.g. codes of conduct, quality standards, or worker protection standards),

  Organizational culture and structure, and

  Marketplace conditions.

  Process: 4.1. Develop Project CharterDefinition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.

  Inputs

  1.

  Project statement of work

  2.

  Business case

  3.

  Agreements

  4.

  Enterprise environmental factors

  5.

  Organizational process assets

  Tools and Techniques

  1.

  Expert judgment

  2.

  Facilitation techniques

  Outputs

  Project charter

• Question 237:

  What is the difference between the critical path and the critical chain?

  A. Scope changes

  B. Resource limitations

  C. Risk analysis

  D. Quality audits

  Correct Answer: B

  Explanation:

  6.6.2.2 Critical Path Method

  The critical path method, which is a method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.

  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.

• Question 238:

  Which estimating technique uses the actual costs of previous similar projects as a basis for estimating the costs of the current project?

  A. Analogous

  B. Parametric

  C. Bottom-up

  D. Top-down

  Correct Answer: A

• Question 239:

  During which process group is the quality policy determined?

  A. Initiating

  B. Executing

  C. Planning

  D. Controlling

  Correct Answer: C

• Question 240:

  Taking out insurance in relation to risk management is called what?

  A. Transference

  B. Avoidance

  C. Exploring

  D. Mitigation

  Correct Answer: A