PMI CAPM PMI-100 Questions & Answers

• Question 641:

  Which of the following is a means of reaching a group decision in which everyone agrees on a single course of action?

  A. Dictatorship

  B. Majority

  C. Plurality

  D. Unanimity

  Correct Answer: D

• Question 642:

  Which of the following is a complete set of indexed contract documentation, including the closed contract?

  A. Procurement package

  B. Negotiated settlements

  C. Procurement file

  D. Procurement management plan

  Correct Answer: C

  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.

• Question 643:

  Which of the following correctly lists the configuration management activities included in the Integrated Change Control process?

  A. Configuration definition, configuration status accounting, configuration monitoring and control

  B. Configuration identification, configuration status accounting, configuration verification and audit

  C. Configuration identification, configuration status reporting, configuration verification and audit

  D. Configuration definition, configuration status reporting, configuration monitoring and Control

  Correct Answer: B

  Explanation:

  Configuration control is focused on the specification of both the deliverables and the processes; while

  change control is focused on identifying, documenting, and approving or rejecting changes to the project

  documents, deliverables, or baselines.

  Some of the configuration management activities included in the Perform Integrated Change Control

  process are as follows:

  Configuration identification. Identification and selection of a configuration item to provide the basis for which the product configuration is defined and verified, products and documents are labeled, changes are managed, and accountability is maintained.

  Configuration status accounting. Information is recorded and reported as to when appropriate data about the configuration item should be provided. This information includes a listing of approved configuration identification, status of proposed changes to the configuration, and the implementation status of approved changes.

  Configuration verification and audit. Configuration verification and configuration audits ensure the composition of a project's configuration items is correct and that corresponding changes are registered, assessed, approved, tracked, and correctly implemented. This ensures the functional requirements defined in the configuration documentation have been met.

• Question 644:

  Which of the following correctly describes when organizations and stakeholders are willing to accept varying degrees of risk?

  A. Risk analysis

  B. Risk tolerance

  C. Risk management

  D. Risk attitude

  Correct Answer: B

  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.

• Question 645:

  Which of the following buffers protects the target finish date from slippage along the critical chain?

  A. Critical buffer

  B. Project buffer

  C. Duration buffer

  D. Feeding buffer

  Correct Answer: B

  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

• Question 646:

  Which of the following are the components of the scope baseline?

  A. Project charter, project scope statement, and work breakdown structure (WBS)

  B. Project charter, project management plan, and plan procurement

  C. Project scope statement, work breakdown structure (WBS), and WBS dictionary

  D. Project management plan, plan procurement, and contract administration

  Correct Answer: C

  Explanation:

  5.4.3.1 Scope Baseline

  The scope baseline is the approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison. It is a component of the project management plan. Components of the scope baseline include:

  Project scope statement. The project scope statement includes the description of the project scope, major deliverables, assumptions, and constraints.

  WBS. The WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables. Each descending level of the WBS represents an increasingly detailed definition of the project work. The WBS is finalized by assigning each work package to a control account and establishing a unique identifier for that work package from a code of accounts. These identifiers provide a structure for hierarchical summation of costs, schedule, and resource information. A control account is a management control point where scope, budget, actual cost, and schedule are integrated and compared to the earned value for performance measurement. Control accounts are placed at selected management points in the WBS. Each control account may include one or more work packages, but each of the work packages should be associated with only one control account. A control account may include one or more planning packages. A planning

  package is a work breakdown structure component below the control account with known work content but without detailed schedule activities.

  WBS dictionary. The WBS dictionary is a document that provides detailed deliverable, activity, and scheduling information about each component in the WBS. The WBS dictionary is a document that supports the WBS. Information in the WBS dictionary may include, but is not limited to:

  Code of account identifier,

  Description of work,

  Assumptions and constraints,

  Responsible organization,

  Schedule milestones,

  Associated schedule activities,

  Resources required,

  Cost estimates,

  Quality requirements,

  Acceptance criteria,

  Technical references, and

  Agreement information.

• Question 647:

  Which of the following are examples of interactive communication?

  A. Intranet sites

  B. Voice mails

  C. Video conferences

  D. Press releases

  Correct Answer: C

• Question 648:

  Which of the following are documented directions to perform an activity that can reduce the probability of negative consequences associated with project risks?

  A. Recommended corrective actions

  B. Recommended preventive actions

  C. Risk audits

  D. Risk reassessments

  Correct Answer: B

  Explanation:

  11.6.3.2 Change Requests

  Implementing contingency plans or workarounds sometimes results in a change request. Change requests are prepared and submitted to the Perform Integrated Change Control process (Section 4.5). Change requests can include recommended corrective and preventive actions as well.

  Recommended corrective actions. These are activities that realign the performance of the project work with the project management plan. They include contingency plans and workarounds. The latter are responses that were not initially planned, but are required to deal with emerging risks that were previously unidentified or accepted passively.

  Recommended preventive actions. These are activities that ensure that future performance of the project work is aligned with the project management plan.

• Question 649:

  Which of following could be organizational process assets?

  A. Historical information

  B. Industry standards

  C. Organization infrastructure

  D. Marketplace conditions

  Correct Answer: A

  Explanation:

  2.1.4 Organizational Process Assets

  Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. They include any artifact, practice, or knowledge from any or all of the organizations involved in the project that can be used to perform or govern the project. The process assets also include the organization's knowledge bases such as lessons learned and historical information. Organizational process assets may include completed schedules, risk data, and earned value data. Organizational process assets are inputs to most planning processes. Throughout the project, the project team members may update and add to the organizational process assets as necessary. Organizational process assets may be grouped into two categories: (1) processes and procedures, and (2) corporate knowledge base.

• Question 650:

  Which is the document that presents a hierarchical project organization?

  A. WBS

  B. CPI

  C. OBS

  D. BOM

  Correct Answer: C