What are the identified risks for doing excessive decomposition in a WBS?

Non-productive management effort and inefficient use of resources

Insufficient project funding and disqualification of sellers

Insufficient project funding and ineffective use of resources

Disqualification of sellers and non-productive management efforts

Non-productive management effort and inefficient use of resources

Which statement is true about the project management body of knowledge?

Recognized by every project manager

The sum of all knowledge related to project management

A sum of knowledge that should be applied on every project

Which of the following is a project constraint?

The product is needed in 250 days.

Twenty-five percent staff turnover is expected.

The technology to be used is cutting-edge.

Project leadership may change due to volatile political environment.

The product is needed in 250 days.

An input to the Estimate Activity Resources process is:

Activity resource requirements.

Resource breakdown structure (RBS).

Which process requires implementation of approved changes?

Direct and Manage Project Execution

Monitor and Control Project Work

Perform Integrated Change Control

What is project management?

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

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

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

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

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

Resource calendars are included in the:

work breakdown structure (WBS).

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

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

Value of each possible outcome multiplied by probability of occurrence

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

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

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

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

feasibility study, concept development, design, and prototype.

initiate, plan, execute, and monitor.

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

Identify Stakeholders, develop concept, build, and test.

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?

Fixed-Price-Incentive-Fee (FPIF)

Fixed Price with Economic Price Adjustments (FP-EPA)

Fixed-Price-Incentive-Fee (FPIF)

The diagram below is an example of a:

Risk breakdown structure (RBS).

Work breakdown structure (WBS).

Who is responsible for initiating a project?

Project management office (PMO)

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

Develop Project Management Plan.

Which type of contract is a hybrid of both a cost-reimbursable and a fixed-price contract?

Time and Material Contract (T&M)

Cost Plus Award Fee Contract (CPAF)

Firm-Fixed -Price Contract (FFP)

Time and Material Contract (T&M)

Cost Plus Incentive Fee Contract (CPIF)

Which characteristics do effective project managers possess?

Project management knowledge, performance skills, and personal effectiveness

Preparedness, project management knowledge, and personality characteristics

General management, preparedness, and project management knowledge

Assertiveness, collaboration, and performance skills

Which is an output of the Collect Requirements process?

Requirements traceability matrix

Which activity may occur at project or phase closure?

Project management plan updates

Which of the following is an input to Direct and Manage Project Execution?

Enterprise environmental factors

Outputs from planning processes

Enterprise environmental factors

PMI CAPM Practice Test 16 - Free Online Exam Prep & Questions

Fast tracking is a schedule compression technique used to shorten the project schedule without changing project scope. Which of the following can result from fast tracking?

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PMI CAPM Practice Test 16

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