PMI CAPM PMI-100 Questions & Answers

• Question 751:

  Inputs to the Plan Risk Management process include the:

  A. cost management plan.

  B. risk management plan,

  C. activity list,

  D. risk register.

  Correct Answer: A

• Question 752:

  Exhibit A is an example of which of the following types of Sequence Activities?

  

  A. Activity-on-arrow diagramming

  B. Precedence diagramming

  C. Project schedule network diagramming

  D. Mathematical analysis diagramming

  Correct Answer: B

• Question 753:

  Funding limit reconciliation is a tool and technique used in which process?

  A. Control Costs

  B. Determine Budget

  C. Estimate Costs

  D. Control Budget

  Correct Answer: B

  Explanation:

  7.3.2.5 Funding Limit Reconciliation

  The expenditure of funds should be reconciled with any funding limits on the commitment of funds for the project. A variance between the funding limits and the planned expenditures will sometimes necessitate the rescheduling of work to level out the rate of expenditures. This is accomplished by placing imposed date constraints for work into the project schedule.

  Process: 7.3 Determine BudgetDefinition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline. Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.

  Inputs

  1.

  Cost management plan

  2.

  Scope baseline

  3.

  Activity cost estimates

  4.

  Basis of estimates

  5.

  Project schedule

  6.

  Resource calendars

  7.

  Risk register

  8.

  Agreements

  9.

  Organizational process assets

  Tools and Techniques

  1.

  Cost aggregation

  2.

  Reserve analysis

  3.

  Expert judgment

  4.

  Historical relationships

  5.

  Funding limit reconciliation

  Outputs

  1.

  Cost baseline

  2.

  Project funding requirements

  3.

  Project documents updates

• Question 754:

  Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

  A. Cost Plus Fixed Fee Contract (CPFF)

  B. Cost Plus Incentive Fee Contract (CPIF)

  C. Firm Fixed Price Contract (FFP)

  D. Fixed Price with Economic Price Adjustment Contract (FP-EPA)

  Correct Answer: A

• Question 755:

  In Plan Risk Management, which of the management plans determines who will be available to share information on various risks and responses at different times and locations?

  A. Schedule

  B. Quality

  C. Communications

  D. Cost

  Correct Answer: C

  Explanation:

  Process: 11.1 Plan Risk Management

  Definition: The process of defining how to conduct risk management activities for a project.

  Key Benefit: The key benefit of this process is it ensures that the degree, type, and visibility of risk

  management are commensurate with both the risks and the importance of the project to the organization.

  

  The risk management plan is vital to communicate with and obtain agreement and support from allstakeholders to ensure the risk management process is supported and performed effectively over the project life cycle.

  Inputs

  1.

  Project management plan

  2.

  Project charter

  3.

  Stakeholder register

  4.

  Enterprise environmental factors

  5.

  Organizational process assets

  Tools and Techniques

  1.

  Analytical techniques

  2.

  Expert judgment

  3.

  Meetings

  Outputs

  Risk management plan

• Question 756:

  An input of the Create WBS process is:

  A. requirements documentation.

  B. scope baseline.

  C. project charter.

  D. validated deliverables.

  Correct Answer: A

  Explanation:

  5.2.3.1 Requirements Documentation

  Requirements documentation describes how individual requirements meet the business need for the project. Requirements may start out at a high level and become progressively more detailed as more about the requirements is known. Before being baselined, requirements need to be unambiguous (measurable and testable), traceable, complete, consistent, and acceptable to key stakeholders. The format of a requirements document may range from a simple document listing all the requirements categorized by stakeholder and priority, to more elaborate forms containing an executive summary, detailed descriptions, and attachments. Components of requirements documentation can include, but, are not limited to:

  Business requirements, including:

  ○

  Business and project objectives for traceability;

  ○

  Business rules for the performing organization; and

  ○

  Guiding principles of the organization

  • Stakeholder requirements, including:

  ○

  Impacts to other organizational areas;

  ○

  Impacts to other entities inside or outside the performing organization; and

  ○

  Stakeholder communication and reporting requirements.

  • Solution requirements, including:

  ○

  Functional and nonfunctional requirements;

  ○

  Technology and standard compliance requirements;

  ○

  Support and training requirements;

  ○

  Quality requirements; and

  ○

  Reporting requirements, etc. (solution requirements can be documented textually, in models, or both).

  Project requirements, such as:

  ○

  Levels of service, performance, safety, compliance, etc.; and

  ○

  Acceptance criteria.

  Transition requirements.

  Requirements assumptions, dependencies, and constraints.

  Process: 5.4 Create WBS Definition: WBS is the process of subdividing project deliverables and project work into smaller, more manageable components. Key Benefit: The key benefit of this process is that it provides a structured vision of what has to be delivered.

  Inputs

  1.

  Scope management plan

  2.

  Project scope statement

  3.

  Requirements documentation

  4.

  Enterprise environmental factors

  5.

  Organizational process assets

  Tools and Techniques

  1.

  Decomposition

  2.

  Expert judgment

  Outputs

  1.

  Scope baseline

  2.

  Project documents updates

• Question 757:

  Which of the following are three inputs to the risk register?

  A. Risk register updates, stakeholder register, and quality management plan

  B. Communication management plan, enterprise environmental factors, and activity duration estimates

  C. Risk management plan, activity cost estimates, and project documents

  D. Project scope statement, organizational process assets, and scope baseline

  Correct Answer: C

• Question 758:

  The cost benefit analysis tool is used for creating:

  A. Pareto charts.

  B. quality metrics.

  C. change requests,

  D. Ishikawa diagrams.

  Correct Answer: B

  Explanation:

  8.1.2.1 Cost-Benefit Analysis

  The primary benefits of meeting quality requirements include less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. A cost-benefit analysis for each quality activity compares the cost of the quality step to the expected benefit.

  8.1.3.3 Quality Metrics

  A quality metric specifically describes a project or product attribute and how the control quality process will

  measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes. Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage.

• Question 759:

  Which of the following change requests can bring expected future performance of the project work in line with the project management plan?

  A. Corrective action

  B. Defect repair

  C. Preventative action

  D. Probable action

  Correct Answer: A

  Explanation:

  4.3.3.3 Change Requests

  A change request is a formal proposal to modify any document, deliverable, or baseline. An approved change request will replace the associated document, deliverable, or baseline and may result in an update to other parts of the project management plan. When issues are found while project work is being performed, change requests are submitted, which may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality. Other change requests cover the needed preventive or corrective actions to forestall negative impact later in the project. Requests for a change can be direct or indirect, externally or internally initiated, and can be optional or legally/contractually mandated, and may include:

  Corrective action—An intentional activity that realigns the performance of the project work with the project management plan;

  Preventive action—An intentional activity that ensures the future performance of the project work is aligned with the project management plan;

  Defect repair—An intentional activity to modify a nonconforming product or product component;

  Updates—Changes to formally controlled project documents, plans, etc., to reflect modified or additional ideas or content.

• Question 760:

  Which of the following is a tool or technique used in the Acquire Project Team process?

  A. Networking

  B. Training

  C. Negotiation

  D. Issue log

  Correct Answer: C

  Explanation:

  Process: 9.2 Acquire Project TeamDefinition: The process of confirming human resource availability and obtaining the team necessary to complete project activities. Key Benefit: The key benefit of this process consists of outlining and guiding the team selection and responsibility assignment to obtain a successful team.

  Inputs

  1.

  Human resource management plan

  2.

  Enterprise environmental factors

  3.

  Organizational process assets

  Tools and Techniques

  1.

  Pre-assignment

  2.

  Negotiation

  3.

  Acquisition

  4.

  Virtual teams

  5.

  Multi-criteria decision analysis

  Outputs

  1.

  Project staff assignments

  2.

  Resource calendars

  3.

  Project management plan updates