PMI CAPM PMI-100 Questions & Answers

• Question 661:

  What is the tool and technique used to request seller responses?

  A. Procurement documents

  B. Expert judgment

  C. Bidder conferences

  D. Contract types

  Correct Answer: C

  Explanation:

  12.2.2.1 Bidder Conferences

  Bidder conferences (sometimes called contractor conferences, vendor conferences, and pre-bid conferences) are meetings between the buyer and all prospective sellers prior to submittal of a bid or proposal.

  They are used to ensure that all prospective sellers have a clear and common understanding of the procurement requirements, and that no bidders receive preferential treatment.

  To be fair, buyers should take great care to ensure that all prospective sellers hear every question from any individual prospective seller and every answer from the buyer.

  Typically fairness is addressed by techniques such as collecting questions from bidders or arranging field visits in advance of the bidder conference. Responses to questions can be incorporated into the procurement documents as amendments.

• Question 662:

  What is the minimum a project schedule must include?

  A. Variance analysis

  B. A planned start date and a planned finish date for each schedule activity

  C. A critical path diagram

  D. Critical chain analysis

  Correct Answer: B

• Question 663:

  What is the lowest level in the Work Breakdown Structure called?

  A. Work Packages

  B. Activities

  C. Schedules

  D. Tasks

  Correct Answer: A

• Question 664:

  What is the critical chain method?

  A. A technique to calculate the theoretical early start and finish dates and late start and finish dates

  B. A schedule network analysis technique that modifies the project schedule to account for limited resources

  C. A schedule compression technique that analyzes cost and schedule trade-offs to determine how to obtain the greatest amount of compression for the least incremental cost

  D. A technique to estimate project duration when there is a limited amount of detailed information about the project

  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.

• Question 665:

  What is Project Portfolio Management?

  A. Management of a project by dividing the project into more manageable sub- projects.

  B. Management of a project by utilizing a portfolio of general management skills, such as planning, organizing, staffing, executing and controlling.

  C. Management of all projects undertaken by a company.

  D. Management of a collection of projects that are grouped together to facilitate effective management and meet strategic business objectives.

  Correct Answer: D

  Explanation:

  1.4.2 Portfolio Management

  A portfolio refers to projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives. The projects or programs of the portfolio may not necessarily be interdependent or directly related. For example, an infrastructure firm that has the strategic objective of “maximizing the return on its investments” may put together a portfolio that includes a mix of projects in oil and gas, power, water, roads, rail, and airports. From this mix, the firm may choose to manage related projects as one program. All of the power projects may be grouped together as a power program. Similarly, all of the water projects may be grouped together as a water program. Thus, the power program and the water program become integral components of the enterprise portfolio of the infrastructure firm.

• Question 666:

  What entity is assigned various responsibilities related to the centralized and coordinated management of those projects under its domain?

  A. Project management office

  B. Project team office

  C. Executive sponsor office

  D. Program management office

  Correct Answer: A

• Question 667:

  What are the key components of the communication model?

  A. Encode, message and feedback-message, medium, noise, and decode

  B. Encode, messaging technology, medium, noise, and decode

  C. Sender, message and feedback-message, medium, noise, and translate

  D. Receiver, message and feedback-message, medium, noise, and decode

  Correct Answer: A

• Question 668:

  What are the five Project Management Process Groups?

  A. Initiating, Planning, Executing, Monitoring and Controlling, and Closing

  B. Introduction, Planning, Executing, Monitoring and Controlling, and Closing

  C. Initiating, Planning, Executing, Monitoring and Controlling, and Ending

  D. Introduction, Planning, Implementation, Monitoring and Controlling, and Closure

  Correct Answer: A

  Explanation:

  Process groups

  Overview

  Projects exist within an organization and do not operate as a closed system. They require input data from the organization and beyond, and deliver capabilities back to the organization. The project processes may generate information to improve the management of future projects and organizational process assets.

  

  The PMBOK® Guide describes the nature of project management processes in terms of the integration between the processes, their interactions, and the purposes they serve. Project management processes are grouped into five categories known as Project Management Process Groups (or Process Groups):

  Initiating Process Group. Those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase. Within the Initiating processes, the initial scope is defined and initial financial resources are committed. Internal and external stakeholders who will interact and influence the overall outcome of the project are identified.

  Planning Process Group. Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. The Planning processes develop the project management plan and the project documents that will be used to carry out the project.

  Executing Process Group. Those processes performed to complete the work defined in the project management plan to satisfy the project specifications.

  Monitoring and Controlling Process Group. Those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes.

  Closing Process Group. Those processes performed to finalize all activities across all Process Groups to formally close the project or phase.

• Question 669:

  What are the components of the "triple constraint "?

  A. Scope, time, requirements

  B. Resources, time, cost

  C. Scope, management, cost

  D. Scope, time, cost

  Correct Answer: D

• Question 670:

  Verification of project deliverables occurs during which process?

  A. Develop preliminary project scope statement

  B. Close Project or Phase

  C. Develop project charter

  D. Create WBS

  Correct Answer: B

  Explanation:

  Process: 4.6. Close Project or PhaseDefinition: The process of finalizing all activities across all of the Project Management ProcessGroups to formally complete the phase or project.Key Benefit: The key benefit of this process is that it provides lessons learned, the formal ending of project work, and the release of organization resources to pursue new endeavors.

  Inputs

  1.

  Project management plan

  2.

  Accepted deliverables

  3.

  Organizational process assets

  Tools and Techniques

  1.

  Expert judgment

  2.

  Analytical techniques

  3.

  Meetings

  Outputs

  1.

  Final product, service, or result transition

  2.

  Organizational process assets updates