A project lifecycle is defined as:

a collection of generally sequential and sometimes overlapping project phases.

a process required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

a recognized standard for the project management profession.

the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

The total of the planned value (PV) is also known as:

performance measurement baseline (PMB).

work breakdown structure (WBS).

performance measurement baseline (PMB).

The process for performing variance analysis may vary, depending on:

application area, the standard used, and the industry,

scenario building, technology forecasting, and forecast by analogy.

working relationships among various stakeholders and team members.

application area, the standard used, and the industry,

Which of the following response strategies are appropriate for negative risks or threats?

Avoid, Mitigate, Transfer, or Accept

Share, Accept, Transfer, or Mitigate

Exploit, Enhance, Share, or Accept

Mitigate, Share, Avoid, or Accept

Avoid, Mitigate, Transfer, or Accept

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

Risk management plan, activity cost estimates, and project documents

Risk register updates, stakeholder register, and quality management plan

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

Risk management plan, activity cost estimates, and project documents

Project scope statement, organizational process assets, and scope baseline

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?

Cost Plus Fixed Fee Contract (CPFF)

Cost Plus Incentive Fee Contract (CPIF)

Firm Fixed Price Contract (FFP)

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

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

Project schedule network diagramming

Mathematical analysis diagramming

The correct equation for schedule variance (SV) is earned value:

divided by planned value [EV/PV],

divided by actual cost [EV/AC].

Risk responses reflect an organization's perceived balance between:

risk taking and risk avoidance.

identified risk and analyzed risk.

The three processes of Project Cost Management are:

Estimate Costs, Determine Budget, and Control Costs.

Estimate Costs, Control Schedule, and Control Costs.

Estimate Costs, Determine Budget, and Estimate Activity Resources.

Determine Budget, Control Schedule, and Estimate Activity Resources.

Estimate Costs, Determine Budget, and Control Costs.

PMI CAPM Practice Test 17 - Free Online Exam Prep & Questions

Using the three-point estimating technique, if the most likely duration is four months, the optimistic duration is two months, and the pessimistic duration is one year, how many months is the expected activity duration?

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PMI CAPM Practice Test 17

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