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Reverse analysis is a tool or technique in all of the following processes EXCEPT:

A.

Monitor and Control Risks

B.

Activity resource estimation

C.

Cost estimation

D.

Determine Budget

Fast tracking involves:

A.

Developing workarounds for previous problems.

B.

An increase in project risk.

C.

Getting people to work longer with overtime.

D.

Meeting schedule objectives by adding resources.

Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describes the plan you should adopt for your project?

A.

The plan must include the predefined risk management policies as they relate to the organization

B.

The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project

C.

The plan must be predefined templates as defined by the organization

D.

The plan must include the predefined roles and responsibilities as they relate to risk management.

You are project manager of a project and the funding for your project has been reduced. What is the BEST action to take in response to this?

A.

Perform detailed financial analysis and renegotiate for adequate funding.

B.

Inform in customer that the project will be delayed an adjust resources accordingly.

C.

Only do as much work as the new budget permits and document actions taken.

D.

Inform the customer of impacts and negotiate a change in scope.

The responsibility assignment matrix is a project management tool used to ________.

A.

Ensure team members understand their specific roles.

B.

Develop the work breakdown structure based on available resources.

C.

Establish project members availability to work on the project.

D.

Depict the project's organizational structure.

Which of the following is true regarding the NPV?

A.

NPV assumes reinvestment at the cost of capital.

B.

NPV assumes reinvestment at the prevailing rate.

C.

NPV assumes reinvestment at the NPV rate.

D.

NPV decisions should be made based on the highest value for all the selections.

_______ must be measured regularly to identify variance from the plan.

A.

Project performance

B.

Stakeholder requirements

C.

Schedule progress

D.

Cost and schedule

As a CAPM, you are required to comply with the CAPM Code of Professional Conduct. Part of your responsibility concerns applying professional knowledge. All of the following are part of applying professional knowledge except for which one?

A.

Staying abreast of project management practices

B.

Honestly reporting your project management experience

C.

Keeping up with industry trends and new technology

D.

Developing relationships based on mutual respect

To determine the impact of a change that has occurred, which of the following should be taken?

A.

Re-evaluate the work breakdown structure.

B.

Assess the communication policy.

C.

Review the earned value

D.

Performance measurement

What techniques are used to control the project schedule?

A.

Pareto diagram

B.

Performance measurement

C.

Parametric modeling

D.

Statistical sampling

As a project manager, you are responsible for maintaining and ensuring integrity for all of the following except:

A.

Personal integrity of others

B.

Project management process

C.

Personal integrity

D.

Product integrity

Which of the following are not indirect costs?

A.

Payroll tax cost.

B.

Subcontract costs.

C.

Insurance costs.

D.

Accounting support costs.

If the level of conformance directly increases as a result of new processes, the required cost of monitoring is likely to:

A.

Stay the same.

B.

Decrease.

C.

Be more predictable.

D.

Increase.

Which of the following scheduling techniques incorporates a form of risk assessment?

A.

Arrow Diagramming Method (ADM)

B.

Program evaluation and Review Technique (PERT)

C.

Precedence Diagramming Method (PDM)

D.

Critical Path Method (CPM)

What are the five project management process groups. Choose in order?

A.

Initiating, Planning, Monitoring and Controlling, Executing, and Closing

B.

Initiating, Executing, Planning, Monitoring and Controlling, and Closing

C.

Initiating, Monitoring and Controlling, Planning, Executing, and Closing

D.

Initiating, Planning, Monitoring and Controlling, Executing, and Closing