CAPM Exam (Take 3)

Activities within an organization that work together to achieve some prioritized or strategic value might best be considered

a portfolio

Activities within an organization that are managed as a related thread that leads to a common set of deliverables is best thought of as

a program

Activities in an organization that are temporary, that have a defined beginning and end, and that result in a unique deliverable might be best considered

a project

This person is a member of your projects team who works with you to direct the project. This person essentially "owns" the project and is accountable for its value to the organization. This person started the original idea for the project and is responsible for making certain that resources are made available to it. This person is known as the

project sponsor

Stakeholder analysis can identify the degree to which a stakeholder's role is directly associated with a project or whether their role is less involved in a project's definition or execution. This particular dimension of stakeholder analysis has to do with the ________ of the stakeholder

proximity

A code of ethics states, "It is our duty to take ownership for the decision that we make or fail to make and the actions that we take or fail to take. We should promise only what we can deliver, and we should deliver on what we promise." This concept is a part of which component of project management ethics?

responsibility

You have established a contract with a construction vendor. A representative at the business told you this morning that the company being acquired by a well-known larger construction firm, and this firm will continue to carry out all existing contracts. You've decided that this will not impact the project because the same construction team will be involved in the project through its completion. What approach to risk management are you using?

Accepting

Your boss has assigned you the Widget Development project and has reminded you that, in your organization, it is normal that expectations will change several times throughout the project, and you should account for that in your project administration. You will likely then choose which type of project approach?

Adaptive approach

Which of the following is a specific approach to project management in which a team has constant communication with stakeholders and determines which of several requirements can be started next, and then quickly demonstrates working features?

Adaptive project management

You have been asked to work with a project sponsor, a team, and subject matter experts to develop an appropriate project delivery strategy and to implement that strategy in a way that maximizes the value of the project to the organization. You are being asked to apply which skills of the PMI Talent Triangle?

Business acumen

Removing non-value adding steps and focusing on essential value-adding or value-enabling steps in one of the steps in a technique known as value streaming, which is part of the concept of.........

Lean

In your organization, all project managers must become certified internally by a central group that has the authority to assign project managers to specific projects within all divisions of the organization. This central group provides training for junior project managers before they are assigned to their first project. This structure suggests that this central group is known as

PMO

Which of the following is a central group in an organization that issues standard document templates, oversees project management software that is used, and regularly reviews project documentation that is submitted to be sure that the project is following the standard internal approaches for project management in your organization?

PMO

If you are trying to establish the scope of a project, refine the objectives, and define the course of action required to attain the objectives, you are attempting to manage which of the following Project Management Process Groups?

Planning

What type of meeting is called to establish a final project schedule, considering all the constraints and scope requirements of the projects?

Planning meeting

What Process Groups mentioned in Process Groups: A Practice Guide can you use to tailor and create your own project management life cycle?

Planning, Closing, Monitoring and Controlling, Initiating and Executing

You call your new project team to a conference meeting and explain the project. Then you talk with the team members about how vulnerable each of them is to the team, the specific traits of each that you particularly find helpful, and your desire to help them grow and develop in their careers through this project. In particular, you tell them that they are now part of an elite team of specialist who are capable of achieving significant excellence and that you are here to help them to do that. Which skills of the PMI Talent Triangle are you applying?

Power skills

Your project team in product design consists mostly of junior members of the organization who are enthusiastic about working together but have had little exposure to the issues that are typically involved with sensitive equipment design. Which type of project approach would be most successful with these team members?

Predictive

If your projext schedule is based on fixed milestones, and your stakeholders are insistent that these milestone dates are critical because many external arrangements are being made for the launch of your deliverable, which project approach should you choose?

Predictive approach

Before you can create a product release plan in an adaptive project, which of the following needs to have already been created?

Product vision document

Ensuring that stakeholders accept and are satisfied with the project deliverables is a part of which Project Performance Domain?

Project Delivery Performance Domain

Conducting appropriate communication with stakeholders is a part of which project performance domain?

Project Work Performance Domain

When describing the culture of an adaptive project team, which of the following best describes empowerment?

Project team members who feel like they are allowed to make decisions about the way they work perform better than those who are micromanaged

You are the project manager for the special effects for a video production specialty company. Your project team handles contracts work for other production companies that require special effects in their productions. Each request that comes in is given a special project number, and your team typically works on 8 to 10 such projects simultaneously. Each request goes through all the typical project stages until completion. You work directly with your client for each request, and you hire specialists as you need them for unique situations. You are most likely to be in which type of organizational structure?

Projectized

A tool used by project managers is a grid that shows resources across the top in columns and tasks down the side for each row. In each cell is a code that indicates who has what responsibility, who should be informed about the task, where to go to find out if a task is complete, and who can provide special expertise about a particular subject. What is the name for this specific tool?

RACI

You have issued a procurement solicitation document that asks vendors to provide their suggested approach to developing a water treatment facility, and a range of possible costs for it. Which type of solicitation document have you issued?

RFI

You have issued a procurement solicitation document that asks vendors to state their price to provide and install water treatment filter model 227-FQP23 from Bosch Filters, Limited, for a water treatment facility for a small town. Which type of solicitation document have you issued?

RFQ

Which critical concept of XP involves reusing reorganizing existing code, removing duplicate code, and increasing cohesion rather than developing from scratch?

Refactoring

The degree of stability of a project's scope is a consideration that is a part of which criteria group for determining the project management approach?

Result based

Which of the following options is NOT one of the project performance domains?

Risk

Which of the following refers to establishing alternative sets of plans to account for possible impacts to project time, cost or scope?

Risk management

Which parameter of earned value analysis indicates to a project manager that the project's present timeline is different from the timeline that was originally planned?

Schedule Variance (SV)

In which framework does a team develop user stories that are then managed using kanban boards to control for WIP limits?

ScrumBum

You have established a contract with a construction vendor who met with you this morning to introduce you to the CEO of a large construction company that now owns your vendor. At the meeting, you learned that the CEO has a corporate partner who is very interested in your company's services and wants to do business with you. The CEO suggests that it would be fair if the construction vendor were to receive an additional 5% above the construction cost for bringing this corporate partner to you. You agree, and ask the CEO to set up an appt for a joint meeting to finalize the deal. Which approach to opportunity management are you using?

Sharing

You establish a procurement contract with a vendor that allows the vendor to invoice you for the quantity of hours worked as well as the equipment provided, both of which you assume will likely include some margin of profit for the vendor. Your contract is known as which of the following?

Time and material contract

You have established a contract with a construction vendor that includes a 5% decrease in contract payments for each week that the construction is delayed beyond the agreed-upon project completion date. Which approach to risk management are you using?

Transferring

An approach to adaptive project estimation requires that a user story be evaluated according to complexity, size, and which third attribute?

Uncertainty

You have been asked to make time to plan thoroughly and prioritize diligently and to manage project elements, including your schedule, cost, resources, and risks. You also need to identify and assign resources necessary for the project. You are being asked to apply which skills of the PMI Talent Triangle?

Ways of working

Of the questions provided, which one is often delayed or maybe not even asked, even though it should always be one of the first considerations for a sponsor, the stakeholders and a project manager, because it deals with one of the most critical factors in project success or failure?

What benefits will be gained, and to what extent are those benefits considered to not only be a priority but actually both measurable and achievable?

You are a project manager for a financial services company, and you have just been given the authorization to begin a project that will eventually provide a new set of customer financial products. The sponsor and key stakeholders have signed off on the project charter. Your ability to now create accurate time estimates, cost estimates and deliverable quality will be affected by which of these options?

Who will be on the project team, their experience with the financial products you will be building, and how much the team works together.

Which of the following best describes how a project, when managed correctly, can be a vehicle for change?

A project manager attempts to minimize risks, takes a step-by-step approach to the execution of tasks, adapts to the needs of the organization, and involves stakeholders in the definition of deliverables and processes

The process in which a project team interacts with stakeholders to determine the specific nature of the deliverables is:

Collect requirements and define the scope statement

Your sponsor has just told you that they have been informed by the finance department that if costs exceed US$14,475,200, the project will receive no further funding for this fiscal year. This is an example of which of the following?

Constraint

A graph that shows the behavior of a process over time and whether or not it is stable and within expectations is called which of the following?

Control Chart

Which process results in a list of work packages and necessary activities that are organized in a functional decomposition hierarchy?

Create a WBS

Last week, you received an email from the company's product engineer, Lianying, indicating that their team has decided to reengineer the power systems in the new cooking appliance that was developed. Your project is intended to establish the assembly line to manufacture that appliance and is following a predictive approach. After Lianying's comments, your BEST next step is to:

Create a change request while on a call with Lianying and have them provide detailed rationale and some time estimates from their side so that you can work with your team to determine the impact on the project and then secure the sponsor's authorization to proceed.

If you are in the midst of a retrospective for your adaptive project, it is likely that you have already done which of the following?

Created a high-level view of the product requirements and delivery time frame

Which term refers to a shared understanding within a development team of what it takes to make the user story, feature, or product incrementable so it can be released?

Definition of done

Which of the project performance domains deals with activities and functions associated with being certain about the scope and quality that a project was undertaken to achieve?

Delivery

During the last project status meeting, the team Lead, Polonia, reported that they had read an article stating that your supplier of lab test equipment was acquired by a larger pharmaceutical firm that happens to be your competitor. Your team was just about to send out a purchase order for that equipment. After Polonia's comments your BEST next step is to:

Document this formally as an issue that requires more detailed information, assign that issue to Polonia, and ask them to report back at next week's meeting

Which parameter of earned value analysis tells a project manager how much of the project's overall budget to date is represented by the amount of work that has been completed to date?

Earned Value (EV)

The main reason for establishing a project baseline is to:

Enable tracking of the project actuals to the project plan

You would like Rahul Patel, your organization's VP for product marketing, to actively participate in your project to develop a new customer information system. You have determined that the best way to do so is to hold a workshop for him and the other VPs to walk through the features and functions of the intended new system. Which solution are you using?

Engaging

Your project has been under way for about 2 months, of a total 18-month timeline. At lunch one day, a colleague mentions that Ranga, a lead operations manager, has complained to a few people that they aren't sure what's going on with the project, and it could be way off track. You take note of this comment because it indicates that you need to improve which aspect of the Project Work Performance Domain?

Engaging stakeholders and keeping them informed about project issues and risks.

A code of ethics states, "It is our duty to make decisions and act impartially and objectively. Our conduct must be free from competing self-interest, prejudice, and favoritism." This concept is a part of which component of project management ethics?

Fairness

Which project schedule compression concept suggests that the project manager should look for opportunities to start selected activities in parallel, even though other activities may not yet be fully planned?

Fast tracking

A code of ethics states, "We should base decisions on the facts and be transparent with the facts about our decisions." This concept is a part of which component of project management ethics?

Honesty

In your project, you establish a first phase in which tasks can be easily defined, estimated, and executed; a second phase in which tasks take the form of four iterations; and a third phase that has a very specific and critical sequence leading to a product launch. The most likely means that you are following which project management approach overall?

Hybrid

In the Agile Manifesto, the principle " Responding to change or following a plan" means that the adaptive mindset

Is focused on making sure that the customer satisfied with the end product, even if the original project plan was not followed in every detail

If a project team is made up of members who each have exceptional experience in a particular area but are also able to provide some assistance in most other areas of the project, what would be the structure of this team?

T-shaped

Adaptive projects tend to operate best when

Team members are set up to perform more than one role

Which is the best description of the difference between a final project report and a lessons learned document?

The lessons learned document looks ahead to future projects with suggestions and perspectives gained from the present project, whereas the final project report documents detailed information about this present project to be kept as an official record

Which combination of factors suggests that a predictive, plan-based approach is the best way to structure a project?

The organization has deteremined a set of relatively fixed requirements, there are some clear dependencies among needed activities, and you've been told that you must not exceed the rather short time frame and moderate cost limits that have been given to you

When we say that a project manager must manage project integration, what do we really mean?

The plan, communication, team, constraints, stakeholders, cost, and quality can result in a successful project only when a project manager deliberately causes everything to work well together.

The term servant leadership refers to which concept?

The project manager is committed to coaching the team and addressing the needs of the team members

The finished work on one of your projects to date is 30%. You can calculate that planned value = US $1,000.000; actual cost = US $ 850,000; EV = US$900,000; CV = US$900,000 - US$850,000 = US$50,000; and SV = US$900,000 - US$1,000,000 = -US$100,000. Which of the following statements is correct in this case?

The project seems to be within budget and ahead of schedule.

The sum of the project-related benefits minus the sum of all project-related costs would be a good formula for calculating:

The project's business value

The formula L= N * (N-1) / 2 describes what phenomenon that every project manager should understand in order to take action to preserve the proper functioning of their project?

The quantity of communication channels increases geometrically with an increase in size of the team

In which way does a team charter in an adaptive project differ from a project charter in a predictive project?

The team charter emphasizes the protocols and behaviors of the team members, not specific hierarchical organization of the project team

Which of the following is the term for a scheduled step in a project plan that has a distinct beginning and end and may consist of several substeps?

activity

The product owner for a clothing manufacturer/retailer has tasked you with defining a development approach for a new line of children's clothing. This organization has never sold clothing for children, and no one on the team has had any experience with this type of product. One very rigid consideration is that this particular company wants a line of childrens clothing that is unique in the market, so you cannot just import a line from another company and rebrand it. Which development approach should you use in this case?

adaptive

You are managing a software development project and have planned that the final deliverable will be brought into existence in successively refined stages at prototype, pilot, testing and deployment stages. In this case, you are viewing software development as a(n)

adaptive approach

A predictive, plan-based project typically begins by creating what significant artifact?

charter

Which parameter of earned value analysis is a ratio that determines whether the expenditure of resources is on track?

cost performance index (CPI)

Which of the following is a tangible or intangible measurable output of one or more project activities?

deliverable

In Scrum, a business analyst, systems analyst, programmer, quality assurance specialist, and anyone else who plays a role in delivering a software system are known as the ______

developers

The application of knowledge, skills, tools, and techniques to proejct activities to meet project requirements is a definition for

project management

The most commonly used logical dependency between two activities in a project plan is:

finish-to-start dependency

The manufacturing division of your organization has appointed you to be the project manager for the setup of the manufacturing line for the new set of energy-production products. You report to the vice president of manufacturing. You are most likely to be in which type of organizational structure?

functional

Certain aspects of your retail store project allow you to plan for a known outcome of the construction of your retail store location. Other aspects of the market development and product testing are less stable at the early stages because you want to establish a more unique approach to your store. To bring about the final operating store in your chosen location, which approach might you want to adopt?

hybrid

You are the project manager for information systems in a major banking firm. This particular company has not had its own mobile application. The senior VP for operations asked you, along with others in the IT and operations groups, to define a project that will produce an initial mobile application. The VP has been emphatic about the fact that this application must meet all compliance requirements for consumer use; other than that, your teams have freedom in the design and operation of the app. These factors suggest that you probably want to use which development approach?

hybrid

During a status meeting, your construction manager told the team that workers ran into a very hard substance while digging to lay the foundation for the new art museum. They arent certain what this might be, but in further tests, they fund a similar substance throughout the area of foundation at about the same depths. This is an example of a(n)

issue

Which project schedule condition suggests that the project manager will not likely be able to modify the sequence of activities associated with contractual obligations?

mandatory dependency

You are the project manager for digital marketing for your university. Your project team represents digital marketing specialists from each of the component colleges and schools that makeup the university. Each of them reports to a dean within their school or college, but these specialists report to you for purposes of carrying out any digital marketing efforts; they must have your authorization to engage in specific digital marketing projects for their college or schools. You set the standards for the university for all digital branding and digital marketing efforts, and you report to the vice president of marketing and communications, with whom you work to prioritize the projects according to university Stategic goals. You are most likely to be in which type of organizational structure?

matrix strong

Although a(n) _____ is scheduled in a project plan, it has no estimated duration and is used to provide information about progress through the major segments.

milestone

Activities that occur repetitively within an organization and produce deliverables that are similar or even identical are most likely referred to as

operations

The project team size and location, the overall culture and capability are all factors that are part of which aspect of the model of considerations for selecting a development approach

organization

Your senior electrical engineer has told you that a team of two electrical installers can typically install 50 meters of electrical conduit in a framed building in 7 hours. With that information, which of these estimation techniques can you best use?

parametric estimation

A(n) _____ is a collection of logically related project activities that culminates in the completion of one or more deliverables

phase

Which performance domain deals with activities and functions associated with the initial, ongoing and evolving organization and coordination necessary for delivering project deliverables and outcomes?

planning

Stakeholder analysis can identify to what extent a certain stakeholder could choose to decide things about a project. This particular dimension of stakeholder analysis has to do with the ____ of the stakeholder

power

Your operations manager has tasked you with defining a development approach for the construction of a tool shed next to your manufacturing facility. The scope, schedule, cost, resource needs, and risks can be well defined in the early phases of the project life cycles, and they are relatively stable. Which approach should you take in this case?

predictive

If the requirements for software change in a minor way due to customer feedback or testing failure, the project team can revisit these minor changes through revised design, coding and testing. The idea is to discover these issues as early as possible because of the cost of changing the system can be greater as more of it is developed through the life cycle of the project. When you have this viewpoint, you are viewing software development as a(n)

predictive approach

ABC company has determined that its Widget 452 model is selling less briskly than it has during the past two years. Executives of the company determine that it is time to phase out Widget 452 and bring Widget 673 into production and sales. These factors would lead you to believe that the executives are discussing a(n)

product life cycle

Degree of innovation, ease of change, requirements, and regulations are all factors that are part of which aspect of the model of considerations for selecting a development approach?

product, service, or result

Scheduling constraints, the availability of funding, and the nature of the involved stakeholders are all factors that are part of which aspect of the model of considerations for selecting a development approach?

project

Which of the following is the term for a temporary endeavor to develop a unique outcome through a series of interrelated steps from initial concept to a completed state?

project life cycle

In which process does a project manager need to identify which activities are predecessors and specify the logical dependencies of each activity?

sequence activities

Anyone who is either positively or negatively affected by the potential outcomes of the project is considered a

stakeholder

In your organization, senior-level executives who represent all functional areas of the organization are set up to review all pending proposal for a project and determine which are resourced and allowed to begin. The group meets periodically and evaluates the extent to which a given project, or a major change to an existing project, would bring priority value to the organization. The structure suggests that this group would be known as a

steering committee