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The Certified Associate in Project Management (CAPM) is a certification issued by the Project Management Institute (PMI) for individuals who want to demonstrate their understanding and knowledge of project management concepts and techniques. The CAPM certification provides an entry-level certification in project management and is especially beneficial for individuals who are new to the field.
The Project Management Institute (PMI) Certified Associate in Project Management (CAPM) certification exam is a globally recognized credential designed for professionals who want to establish a career in project management. CAPM is an entry-level certification and is ideal for those who are new to project management or those who are looking for a career change. CAPM exam validates the knowledge and skills of an individual in the field of project management and helps them to stand out in the job market.
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PMI CAPM Certification Exam covers various topics related to project management, including project scope management, time management, cost management, quality management, and risk management. CAPM exam is intended to assess the individual's understanding of project management concepts, tools, and techniques, and their ability to apply this knowledge in real-world situations. Certified Associate in Project Management (CAPM) certification exam is computer-based and consists of 150 multiple-choice questions that must be answered in three hours. PMI Certified Associate in Project Management (CAPM) Sample Questions (Q884-Q889):NEW QUESTION # 884
Which process is usually a rapid and cost-effective means of establishing priorities for Plan Risk Responses?
A. Plan Risk Management
B. Perform Qualitative Risk Analysis
C. Identify Risks
D. Perform Quantitative Risk Analysis
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Perform Qualitative Risk Analysis assesses the priority of identified risks using their relative probability or likelihood of occurrence, the corresponding impact on project objectives if the risks occur, as well as other factors such as the time frame for response and the organization's risk tolerance associated with the project constraints of cost, schedule, scope, and quality. Such assessments reflect the risk attitude of the project team and other stakeholders. Effective assessment therefore requires explicit identification and management of the risk approaches of key participants in the Perform Qualitative Risk Analysis process.
Where these risk
approaches introduce bias into the assessment of identified risks, attention should be paid to identifying bias and correcting for it.
Establishing definitions of the levels of probability and impact can reduce the influence of bias. The time criticality of risk-related actions may magnify the importance of a risk. An evaluation of the quality of the available information on project risks also helps to clarify the assessment of the risk's importance to the project.
Perform Qualitative Risk Analysis is usually a rapid and cost-effective means of establishing priorities for Plan Risk Responses and lays the foundation for Perform Quantitative Risk Analysis, if required. The Perform Qualitative Risk Analysis process is performed regularly throughout the project life cycle, as defined in the project's risk management plan. This process can lead into Perform Quantitative Risk Analysis (Section 11.4) or directly into Plan Risk Responses (Section 11.5).
Process: 11.3 Perform Qualitative Risk Analysis
Definition: The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Key Benefit: The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks.
Inputs
1. Risk management plan
2. Scope baseline
3. Risk register
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Risk probability and impact assessment
2. Probability and impact matrix
3. Risk data quality assessment
4. Risk categorization
5. Risk urgency assessment
6. Expert judgment
Outputs
1. Project documents updates
NEW QUESTION # 885
A benefit of using virtual teams in the Acquire Project Team process is the reduction of the:
A. costs associated with technology
B. possibility of communication misunderstandings
C. costs associated with travel
D. cultural differences of team members
Answer: C
Explanation:
Section: Volume B
Explanation:
9.2.2.4 Virtual Teams
The use of virtual teams creates new possibilities when acquiring project team members. Virtual teams can be defined as groups of people with a shared goal who fulfill their roles with little or no time spent meeting face to face. The availability of communication technology such as e-mail, audio conferencing, social media, web- based meetings and video conferencing has made virtual teams feasible. The virtual team model makes it possible to:
Form teams of people from the same organization who live in widespread geographic areas;
Add special expertise to a project team even though the expert is not in the same geographic area;
Incorporate employees who work from home offices;
Form teams of people who work different shifts, hours, or days;
Include people with mobility limitations or disabilities; and
Move forward with projects that would have been ignored due to travel expenses.
There are some disadvantages related to virtual teams, such as possibility for misunderstandings, feeling of isolation, difficulties in sharing knowledge and experience between team members, and cost of appropriate technology. Communication planning becomes increasingly important in a virtual team environment. Additional time may be needed to set clear expectations, facilitate communications, develop protocols for resolving conflict, include people in decision making, understand cultural differences, and share credit in successes.
NEW QUESTION # 886
A project receives budget approval, but the risk of extra costs is expected. Which of these inputs should the project manager check in order to make a qualitative risk analysis?
A. Costs estimates and cost forecast
B. The risk management plan and the basis of estimates
C. The assumption log and the project charter
D. The risk management plan and the assumption log
Answer: D
NEW QUESTION # 887
The following is a network diagram for a project.
The free float for Activity E is how many days?
A. 0
B. 1
C. 2
D. 3
Answer: B
NEW QUESTION # 888
What are the five Project Management Process Groups?
A. Initiating, Planning, Executing, Monitoring and Controlling, and Ending
B. Initiating, Planning, Executing, Monitoring and Controlling, and Closing
C. Introduction, Planning, Implementation, Monitoring and Controlling, and Closure
D. Introduction, Planning, Executing, Monitoring and Controlling, and Closing
