PMI CAPM PMI-100 Questions & Answers

• Question 21:

  Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be:

  A. Continuous

  B. Discrete

  C. Regulated

  D. Arbitrary

  Correct Answer: A

  Explanation: Process: 13.1 Identify StakeholdersDefinition: The process of identifying the people, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of the project; and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success. Key Benefit: The key benefit of this process is that it allows the project manager to identify the appropriate focus for each stakeholder or group of stakeholders.

  Inputs

  1.

  Project charter

  2.

  Procurement documents

  3.

  Enterprise environmental factors

  4.

  Organizational process assets

  Tools and Techniques

  1.

  Stakeholder analysis

  2.

  Expert judgment

  3.

  Meetings

  Outputs

  1. Stakeholder register

• Question 22:

  The component of the human resource management plan that includes ways in which team members can obtain certifications that support their ability to benefit the project is known as:

  A. recognition and rewards

  B. compliance

  C. staff acquisition

  D. training needs

  Correct Answer: D

• Question 23:

  The following is a network diagram for a project.

  

  The critical path for the project is how many days in duration?

  A. 10

  B. 12

  C. 14

  D. 17

  Correct Answer: D

• Question 24:

  The following is a network diagram for a project.

  

  The shortest non-critical path for the project is how many days in duration?

  A. 10

  B. 12

  C. 14

  D. 16

  Correct Answer: A

• Question 25:

  Job satisfaction, challenging work, and sufficient financial compensation are values related to which interpersonal skill?

  A. Influencing

  B. Motivation

  C. Negotiation

  D. Trust building

  Correct Answer: B

• Question 26:

  Which tool or technique used in the Control Procurements process can be conducted during the execution of the project to verify compliance with deliverables?

  A. Procurement documents

  B. Inspection and audits

  C. Estimate budget

  D. Risk register

  Correct Answer: B

  Explanation:

  Inspections and Audits. A process to observe performance of contracted work or a promised product

  against agreed-upon requirements.

  Process: 12.3 Control Procurements

  Definition: The process of managing procurement relationships, monitoring contract performance, and

  making changes and corrections as appropriate.

  Key Benefit: The key benefit of this process is that it ensures that both the seller's and buyer's

  performance meets procurement requirements according to the terms of the legal agreement.

  Inputs

  1.

  Project management plan

  2.

  Procurement documents

  3.

  Agreements

  4.

  Approved change requests

  5.

  Work performance reports

  6.

  Work performance data

  Tools and Techniques

  1.

  Contract change control system

  2.

  Procurement performance reviews

  3.

  Inspections and audits

  4.

  Performance reporting

  5.

  Payment systems

  6.

  Claims administration

  7.

  Records management system

  Outputs

  1.

  Work performance information

  2.

  Change requests

  3.

  Project management plan updates

  4.

  Project documents updates

  5.

  Organizational process assets updates

• Question 27:

  An example of a group decision-making technique is:

  A. nominal group technique

  B. majority

  C. affinity diagram

  D. multi-criteria decision analysis

  Correct Answer: B

• Question 28:

  Which type of graphic is displayed below?

  

  A. Work breakdown structure

  B. Context diagram

  C. Control chart

  D. Pareto diagram

  Correct Answer: A

• Question 29:

  The zero duration of milestones in project planning occurs because milestones:

  A. Are unpredictable and challenge the Plan Schedule Management process.

  B. Occur at random times in the project plans.

  C. Represent a moment in time such as a significant project point or event.

  D. Represent both significant and insignificant points in the project and are difficult to anticipate.

  Correct Answer: C

• Question 30:

  The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:

  A. management

  B. response

  C. tolerance

  D. appetite

  Correct Answer: D

  Explanation:

  11 PROJECT RISK MANAGEMENT

  [..]

  Organizations perceive risk as the effect of uncertainty on projects and organizational objectives.

  Organizations and stakeholders are willing to accept varying degrees of risk depending on their risk

  attitude. The risk attitudes of both the organization and the stakeholders may be influenced by a number of

  factors, which are broadly classifed into three themes:

  

  Risk appetite

  , which is the degree of uncertainty an entity is willing to take on in anticipation of a reward.

  Risk tolerance, which is the degree, amount, or volume of risk that an organization or individual will withstand.

  Risk threshold, which refers to measures along the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. Below that risk threshold, the organization will accept the risk. Above that risk threshold, the organization will not tolerate the risk. For example, an organization's risk attitude may include its appetite for uncertainty, its threshold for risk levels that are unacceptable, or its risk tolerance at which point the organization may select a different risk response. Positive and negative risks are commonly referred to as opportunities and threats. The project may be accepted if the risks are within tolerances and are in balance with the rewards that may be gained by taking the risks. Positive risks that offer opportunities within the limits of risk tolerances may be pursued in order to generate enhanced value. For example, adopting an aggressive resource optimization technique is a risk taken in anticipation of a reward for using fewer resources.