PMI CAPM PMI-100 Questions & Answers

• Question 801:

  In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the sellers performance?

  A. Firm-Fixed-Price (FFP)

  B. Fixed Price with Economic Price Adjustments (FP-EPA)

  C. Fixed-Price-Incentive-Fee (FPIF)

  D. Cost Plus Fixed Fee (CPFF)

  Correct Answer: C

• Question 802:

  Projects are separated into phases or subprojects; these phases include:

  A. feasibility study, concept development, design, and prototype.

  B. initiate, plan, execute, and monitor.

  C. Develop Charter, Define Activities, Manage Stakeholder Expectations, and Report Performance.

  D. Identify Stakeholders, develop concept, build, and test.

  Correct Answer: A

• Question 803:

  An input to the Collect Requirements process is the:

  A. stakeholder register.

  B. project management plan.

  C. project scope statement.

  D. requirements management plan.

  Correct Answer: A

  Explanation:

  5.2.1.5 Stakeholder Register

  Described in Section 13.1.3.1. The stakeholder register is used to identify stakeholders who can provide information on the requirements. The stakeholder register also captures major requirements and main expectations stakeholders may have for the project.

  13.1.3.1 Stakeholder Register

  The main output of the Identify Stakeholders process is the stakeholder register. This contains all details related to the identified stakeholders including, but not limited to:

  Identification information. Name, organizational position, location, role in the project, contact information;

  Assessment information. Major requirements, main expectations, potential influence in the project, phase in the life cycle with the most interest; and

  Stakeholder classification. Internal/external, supporter/neutral/resistor, etc.

  The stakeholder register should be consulted and updated on a regular basis, as stakeholders may change—or new ones identified—throughout the life cycle of the project.

  Process: 5.2 Collect RequirementsDefinition: The process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives. Key Benefit: The key benefit of this process is that it provides the basis for defining and managing the project scope including product scope.

  Inputs

  1.

  Scope management plan

  2.

  Requirements management plan

  3.

  Stakeholder management plan

  4.

  Project charter

  5.

  Stakeholder register

  Tools and Techniques

  1.

  Interviews

  2.

  Focus groups

  3.

  Facilitated workshops

  4.

  Group creativity techniques

  5.

  Group decision-making techniques

  6.

• Question 804:

  Expected monetary value (EMV) is computed by which equation?

  A. Value of each possible outcome multiplied by probability of occurrence

  B. Value of each possible outcome multiplied by probability of non-occurrence

  C. Multiplying the value of each possible outcome by the probability of occurrence and adding the products together

  D. Multiplying the value of each possible outcome by the probability of non-occurrence and adding the products together

  Correct Answer: C

  Explanation: EMV = Probability * Impact in currency Expected Monetary Value (EMV) Analysis. A statistical technique that calculates the average outcome when the future includes scenarios that may or may not happen. A common use of this technique is within decision tree analysis.

• Question 805:

  Resource calendars are included in the:

  A. staffing management plan.

  B. work breakdown structure (WBS).

  C. project communications plan.

  D. project charter.

  Correct Answer: A

• Question 806:

  What is project management?

  A. A logical grouping of project management inputs, outputs, tools, and techniques

  B. Applying knowledge, skills, tools, and techniques to project activities to meet the project requirements

  C. Launching a process that can result in the authorization of a new project

  D. A formal, approved document that defines how the project is executed, monitored, and controlled

  Correct Answer: B

  Explanation:

  1.3 What is Project Management?Project management is the application of knowledge, skills, tools, and techniques to projectactivities to meet the project requirements. Project management is accomplished through the appropriate application and integration of the 47 logically grouped project management processes, which are categorized into fve Process Groups. These five Process Groups are:

  Initiating,

  Planning,

  Executing,

  Monitoring and Controlling, and

  Closing.

• Question 807:

  At the end of the project, what will be the value of SV?

  A. Positive

  B. Zero

  C. Negative

  D. Greater than one

  Correct Answer: B

• Question 808:

  The process of identifying specific actions to be performed to produce project deliverables is:

  A. Define Activities.

  B. Create WBS.

  C. Define Scope.

  D. Develop Schedule.

  Correct Answer: A

• Question 809:

  What happens to a stakeholder's project influence over time?

  A. Increases

  B. Decreases

  C. Stays the same

  D. Has no bearing

  Correct Answer: B

• Question 810:

  Which is one of the determining factors used to calculate CPI?

  A. EV

  B. SPI

  C. PV

  D. ETC

  Correct Answer: A

  Explanation: CPI = EV / AC