PMI CAPM PMI-100 Questions & Answers

• Question 791:

  The project has a current cost performance index of 0.80. Assuming this performance will continue, the new estimate at completion is $1000. What was the original budget at completion for the project?

  A. $800

  B. $1000

  C. $1250

  D. $1800

  Correct Answer: A

• Question 792:

  Who determines which dependencies are mandatory during the Sequence Activities process?

  A. Project manager

  B. External stakeholders

  C. Internal stakeholders

  D. Project team

  Correct Answer: D

  Explanation:

  Who determines which dependencies are mandatory during the Sequence Activities process?

• Question 793:

  Risk exists the moment that a project is:

  A. planned.

  B. conceived.

  C. chartered.

  D. executed.

  Correct Answer: B

• Question 794:

  How should a stakeholder who is classified as high power and low interest be grouped in a power/interest grid during stakeholder analysis?

  A. Keep satisfied

  B. Keep informed

  C. Manage closely

  D. Monitor

  Correct Answer: A

  Explanation:

  13.1.2.1 Stakeholder Analysis

  Stakeholder analysis is a technique of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests, expectations, and influence of the stakeholders and relates them to the purpose of the project. It also helps to identify stakeholder relationships (with the project and with other stakeholders) that can be leveraged to build coalitions and potential partnerships to enhance the project's chance of success, along with stakeholder relationships that need to be influenced differently at different stages of the project or phase.

  Stakeholder analysis generally follows the steps described below:

  Identify all potential project stakeholders and relevant information, such as their roles, departments, interests, knowledge, expectations, and influence levels. Key stakeholders are usually easy to identify. They include anyone in a decision-making or management role who is impacted by the project outcome, such as the sponsor, the project manager, and the primary customer. Identifying other stakeholders is usually done by interviewing identified stakeholders and expanding the list until all potential stakeholders are included.

  Analyze the potential impact or support each stakeholder could generate, and classify them so as to define an approach strategy. In large stakeholder communities, it is important to prioritize the stakeholders to ensure the efficient use of effort to communicate and manage their expectations.

  Assess how key stakeholders are likely to react or respond in various situations, in order to plan how to influence them to enhance their support and mitigate potential negative impacts.

  There are multiple classification models used for stakeholders analysis, such as:

  Power/interest grid, grouping the stakeholders based on their level of authority (“power”) and their level or concern (“interest”) regarding the project outcomes;

  Power/influence grid, grouping the stakeholders based on their level of authority (“power”) and their active involvement (“influence”) in the project;

  Influence/impact grid, grouping the stakeholders based on their active involvement (“influence”) in the project and their ability to effect changes to the project's planning or execution (“impact”); and

  Salience model, describing classes of stakeholders based on their power (ability to impose their will), urgency (need for immediate attention), and legitimacy (their involvement is appropriate).

• Question 795:

  The item that provides more detailed descriptions of the components in the work breakdown structure (WB5) is called a WBS:

  A. dictionary.

  B. chart.

  C. report.

  D. register.

  Correct Answer: A

  Explanation:

  • 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 796:

  Activity cost estimates are quantitative assessments of the probable costs required to:

  A. Create WBS.

  B. complete project work.

  C. calculate costs.

  D. Develop Project Management Plan.

  Correct Answer: B

  Explanation:

  7.2.3.1 Activity Cost Estimates

  Activity cost estimates are quantitative assessments of the probable costs required to completeproject work. Cost estimates can be presented in summary form or in detail. Costs are estimated for all resources that are applied to the activity cost estimate. This includes, but is not limited to, direct labor, materials, equipment, services, facilities, information technology, and special categories such as cost of financing (including interest charges), an inflation allowance, exchange rates, or a cost contingency reserve. Indirect costs, if they are included in the project estimate, can be included at the activity level or at higher levels.

• Question 797:

  Who is responsible for initiating a project?

  A. Project sponsor

  B. Project manager

  C. Program manager

  D. Project management office (PMO)

  Correct Answer: A

• Question 798:

  Which type of diagram includes groups of information and shows relationships between factors, causes, and objectives?

  A. Affinity

  B. Scatter

  C. Fishbone

  D. Matrix

  Correct Answer: D

  Explanation: Matrix diagrams. A quality management and control tool used to perform data analysis within the organizational structure created in the matrix. The matrix diagram seeks to show the strength ofrelationships between factors, causes, and objectives that exist between the rows and columnsthat form the matrix.

• Question 799:

  The diagram below is an example of a:

  

  A. Risk breakdown structure (RBS).

  B. Project team.

  C. SWOT Analysis.

  D. Work breakdown structure (WBS).

  Correct Answer: A

• Question 800:

  Which of the following is an input to the Develop Project Charter process?

  A. Work performance information

  B. Project management plan

  C. Business case

  D. Change requests

  Correct Answer: C

  Explanation:

  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

  1. Project charter

  4.1.1.2 Business Case

  The business case or similar document describes the necessary information from a business standpoint to determine whether or not the project is worth the required investment. It is commonly used for decision making by managers or executives above the project level. Typically, the business need and the cost-benefit analysis are contained in the business case to justify and establish boundaries for the project, and such analysis is usually completed by a business analyst using various stakeholder inputs. The sponsor

  should agree to the scope and limitations of the business case. The business case is created as a result of one or more of the following:

  Market demand (e.g., a car company authorizing a project to build more fuel-efficient cars in response to gasoline shortages),

  Organizational need (e.g., due to high overhead costs a company may combine staff functions and streamline processes to reduce costs.),

  Customer request (e.g., an electric utility authorizing a project to build a new substation to serve a new industrial park),

  Technological advance (e.g., an airline authorizing a new project to develop electronic tickets instead of paper tickets based on technological advances),

  Legal requirement (e.g., a paint manufacturer authorizing a project to establish guidelines for handling toxic materials),

  Ecological impacts (e.g., a company authorizing a project to lessen its environmental impact), or

  Social need (e.g., a nongovernmental organization in a developing country authorizing a project to provide potable water systems, latrines, and sanitation education to communities suffering from high rates of cholera).

  Each of the examples in this list may contain elements of risk that should be addressed. In the case of multiphase projects, the business case may be periodically reviewed to ensure that the project is on track to deliver the business benefits. In the early stages of the project life cycle, periodic review of the business case by the sponsoring organization also helps to confirm that the project is still aligned with the business case. The project manager is responsible for ensuring that the project effectively and efficiently meets the goals of the organization and those requirements of a broad set of stakeholders, as defined in the business case.