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Practice Exam 3 CAPM Copy
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Question 1 of 75
1. Question
He introduced the quality principle of “doing it right the first time”
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Question 2 of 75
2. Question
You are managing a project team with 14 team members. All team members are located on a dangerous construction site. You were notified by one of your team members that a second team member has not been wearing the appropriate safety gear that is required.
What is the best conflict management approach to this situation?
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Question 3 of 75
3. Question
Your project is nearing completion and the final product turnover is scheduled to happen within a few days. Your project has consistently been on-time and on-budget and you have been able to release a good portion of your contingency reserve back to the organization. You are notified that the project is being cancelled because the final product is not acceptable.
What is the most likely cause of this?
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Question 4 of 75
4. Question
Your team members have escalated issues with the QA analyst and despite providing feedback and asking for improvements, the issues are continuing to be a problem for the project team and are disrupting the work that needs to be done. To avoid the risk associated with the QA analyst, you:
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Question 5 of 75
5. Question
All of these project documents are used to manage stakeholder engagement except:
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Question 6 of 75
6. Question
There are two significant outputs from the directing and managing the project work. They are:
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Question 7 of 75
7. Question
A document showing the reporting structure within the project, as well as its relationship to the parent organization, is called the:
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Question 8 of 75
8. Question
During this stage of team development, project team members are working independently and achieving project goals:
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Question 9 of 75
9. Question
For your project, you will need to hire three vendors to provide services as you do not have the staff internally. During what process would you select the vendors?
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Question 10 of 75
10. Question
As project manager you are reviewing the resource calendars and staffing assignments to determine an appropriate date for your team building event. Which process are you doing?
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Question 11 of 75
11. Question
Which conflict management technique incorporates multiple viewpoints and is more likely to lead to consensus and commitment?
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Question 12 of 75
12. Question
You have determined your staffing needs for your 10-month project. You will require resources from three major departments as well as some specialized expertise that may not be available in-house. Which of the following is not a tool or technique used in project team acquisition?
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Question 13 of 75
13. Question
You just completed the initial analysis phase of your project and reported your findings to the sponsor. The project has significant uncontrollable risks and as such, your sponsor decides to cancel the project. Cancelling a troubled project is an example of:
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Question 14 of 75
14. Question
Because there was a risk of rain during the outdoor event, the team decided to put a tent over the main banquet area. A risk has now been identified that the tent may become unsecured with high wind. The tent becoming unsecured is an example of:
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Question 15 of 75
15. Question
As the project manager for a relatively small, internal project you had not considered the need for team-building activities when you were developing your cost and schedule estimates. However, the PMO manager has asked you to include some type of estimates in your final project information.
What statement is least accurate regarding the project manager’s role in project team-building?
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Question 16 of 75
16. Question
Upon evaluation of the project requirements, your product development team lead provides you with the following duration information:
- If the product can be developed in-house with existing staff, the estimated duration is 14 days.
- If the product must be developed by a vendor, the estimated duration is 21 days.
- If a portion is developed in-house and a portion by the vendor, the estimated duration is 19 days.
Based on the information you received, there is a 30% probability that it can be developed fully in-house and a 50% probability that a portion can be developed in-house.
Considering the risk, what is the best duration estimate?CorrectIncorrect -
Question 17 of 75
17. Question
Your project has completed six months of the estimated 18-month duration. You were just notified that a key item you were purchasing for your project is now going to be delayed. What is the best thing you should do?
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Question 18 of 75
18. Question
According to Herzberg, these factors do not give positive satisfaction, although dissatisfaction results from their absence:
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Question 19 of 75
19. Question
Which of the following is a lower consideration in determining the appropriate recognition and rewards for your project team:
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Question 20 of 75
20. Question
Your project team and key stakeholders have identified over 100 risks for the project. Those risks have been analyzed and prioritized. Risk responses have been validated and approved. For the remaining risks you may:
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Question 21 of 75
21. Question
All of the following should be included in the project risk management plan except:
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Question 22 of 75
22. Question
Which statement is least accurate regarding the project management information system (PMIS):
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Question 23 of 75
23. Question
You are about 30% complete with your project. Along with your team lead and a PMO representative, you are evaluating the project activities to determine whether they comply with organizational and project policies, processes, and procedures. You are:
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Question 24 of 75
24. Question
Personnel assessment tools are used to:
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Question 25 of 75
25. Question
Your project team has been making strong progress on the six-month project despite a significant amount of resistance within the organization. You were recently made aware, however, of some conflict between two of your key team members. What is the most appropriate action for you to take?
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Question 26 of 75
26. Question
Residual risks are:
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Question 27 of 75
27. Question
An uncertain event that may impact the project in the future, either positively or negatively, is called a(n):
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Question 28 of 75
28. Question
As you evaluate a vendor bid of $350,000, you take into consideration the probability and impact of any delays. You determine that there is a 65% probability that the vendor will come in behind schedule at a cost of $125,000 and there is a 35% probability that the vendor will come in early for a savings of $50,000.
What is the total value of the bid?
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Question 29 of 75
29. Question
Chris is managing the new marketing project in which he is responsible for developing the associated marketing collateral. Chris is using a graphic design company to create the artwork for the new collateral. In order to improve the probability that the graphic designer delivers on time, he inserts a penalty clause for late delivery into the contract.
Chris is using which risk response?
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Question 30 of 75
30. Question
The risk response that can be categorized as either passive or active is:
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Question 31 of 75
31. Question
You are the Project Manager of the construction project. The project is being executed in a hurricane-prone area. Due to the potential risk of storms to the project, you buy insurance for hurricanes and tropical storms. This is an example of:
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Question 32 of 75
32. Question
You are conducting a quantitative risk analysis on your project in relation to potential profits earned from a new product. The estimated base profit is $350,000. There is a 20% chance that it will exceed expectations at a value of $180,000, there is a 50% chance it will meet expectations at a value of $40,000, and a 30% chance it will not meet expectations at a value of ($140,000).
What is the expected monetary value of the risk?
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Question 33 of 75
33. Question
You are evaluating potential outcomes for a new product you are launching. Based on market analysis, there is a projected profit of $125,000. However, depending on the risk of the market segment, the profit may increase or decrease. There is 35% chance that the profit will increase by $30,000, a 40% chance that the profit will increase by $15,000 and a 25% chance that the profit will decrease by $20,000.
What is the EMV of this risk scenario?
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Question 34 of 75
34. Question
This risk response strategy changes the project plan to decrease the probability of an identified threat:
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Question 35 of 75
35. Question
Used in modeling and simulation, these represent the uncertainty in values, such as durations of schedule activities and costs of project components:
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Question 36 of 75
36. Question
This analysis technique is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen:
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Question 37 of 75
37. Question
With your team, you are evaluating all of the identified risks to determine the likelihood that those risk events will occur and also assessing the impact if they do occur. What process are you conducting?
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Question 38 of 75
38. Question
You are the project manager for a construction project. A risk has been identified that the installation of the electrical components presents a safety hazard to the workers. You decide to make the area impassable to all workers during the installation. What type of risk response is this?
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Question 39 of 75
39. Question
You have completed a risk analysis for your project and assessed the probability and impact for each of the identified risks. Based on the evaluation, your overall risk score is 7.9. As such, this project is considered to be:
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Question 40 of 75
40. Question
You are the project manager for the development of the new community park. The residents of the community have requested that a portion of the area be used for a dog park. If implemented, the dog park would require the use of a two-gate system in order to reduce the risk of a dog escaping the defined area.
What is the most accurate statement regarding the double-gate system?
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Question 41 of 75
41. Question
Your product development project is creating a new children’s toy. There has been extensive component testing of the parts for the toy. While most of the components tested were satisfactory, piece B has been determined to be a significant choking risk to the target age group.
What would be the most appropriate risk response to piece B?
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Question 42 of 75
42. Question
Exploitation is to opportunities as _________ is to threats.
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Question 43 of 75
43. Question
All of the following are information gathering techniques for identifying risks, except:
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Question 44 of 75
44. Question
With your team, you are evaluating the project and project information to determine uncertain events that could affect the project either negatively or positively. This is the process of:
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Question 45 of 75
45. Question
Which statement is most accurate regarding contingency and fallback plans?
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Question 46 of 75
46. Question
You are evaluating the following information to understand the implications of risk on the estimate. There is 40% chance it will take 12 days, a 25% chance it will take 18 days, and a 35% chance it will take 10 days. What is the best estimate?
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Question 47 of 75
47. Question
A workaround is considered:
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Question 48 of 75
48. Question
An employee performing consistent with Maslow’s self-actualization concept would most likely be McGregor’s:
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Question 49 of 75
49. Question
One of your team members recently lost their spouse and the performance on the project has suffered as a result. His inability to perform his job is based on his current focus on his social needs according to which theory?
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Question 50 of 75
50. Question
According to Herzberg’s theory of motivation, a base salary is:
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Question 51 of 75
51. Question
Your new team manager tends to micro-manage his team as he believes that people are generally lazy and don’t want to work. How would the team manager classify his team?
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Question 52 of 75
52. Question
According to Herzberg, these factors do not give positive satisfaction, although dissatisfaction results from their absence:
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Question 53 of 75
53. Question
He applied the Pareto principle to quality issues and developed the trilogy: quality planning, quality control, and quality improvement.
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Question 54 of 75
54. Question
Damage to reputation would be considered a:
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Question 55 of 75
55. Question
In conducting a stakeholder analysis, there are a number of tools that could be used to rank and rate your stakeholders. The salience model of stakeholder classification, groups stakeholders based on:
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Question 56 of 75
56. Question
The organization is evaluating potential projects to invest in during the upcoming year:
- project A is a 5-year project with a $30,000 NPV
- project B is a 1-year project with a $40,000 NPV
- project C is a 1-year project with a ($70,000) NPV
Which statement is most accurate?
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Question 57 of 75
57. Question
In group decision-making, the use of this method means that the largest block in a group decides, even if a majority is not achieved:
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Question 58 of 75
58. Question
With your team, you have generated a large number of potential requirements. You would like to bucket the ideas into groups for further analysis. What technique should you consider using with your team?
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Question 59 of 75
59. Question
Risk monitoring and controlling can best be accomplished through:
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Question 60 of 75
60. Question
Your sponsor has scheduled a meeting with you to discuss the project’s progress. When you present her with the most current status, she expresses some concern about the project schedule. After evaluating contingency that may be reduced, what would be the next step?
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Question 61 of 75
61. Question
Which of the following is true about risk audits?
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Question 62 of 75
62. Question
Which statement is least accurate regarding the PDM:
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Question 63 of 75
63. Question
If you have the completed stakeholder register, what process have you completed?
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Question 64 of 75
64. Question
Financial databases, lessons learned, issue and defect management databases, and previous project files are all considered components of the:
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Question 65 of 75
65. Question
The difference between the project schedule and the schedule baseline could best be described as:
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Question 66 of 75
66. Question
Activity C has a start to start relationship with Activity D. Activity C is 12 days and activity D is 15 days. If the start of activity D gets delayed by six days, what is the best case duration?
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Question 67 of 75
67. Question
A review of the effectiveness of risk responses in dealing with the identified risks and their root causes.
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Question 68 of 75
68. Question
Determining if the remaining reserve is adequate by evaluating the amount of contingency reserves remaining to the amount of risk remaining.
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Question 69 of 75
69. Question
Identified upper and lower measurements that establish limits that if the repeated results fall within those limits, the process is considered stable:
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Question 70 of 75
70. Question
Requirements documentation and the requirements traceability matrix are:
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Question 71 of 75
71. Question
The activity attributes are to the activity list as what is to the WBS?
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Question 72 of 75
72. Question
Which of the following is not a component of the scope baseline?
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Question 73 of 75
73. Question
Which output is completed first: the stakeholder register or the stakeholder engagement plan?
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Question 74 of 75
74. Question
The schedule forecasts will be an output of what process?
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Question 75 of 75
75. Question
You have secured written authorization for your project. What process has been completed?
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