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CAPM Exam Study Latest 2024
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A mobile device manufacturer is halfway through prototyping a new product when the
supplier who provides one of the raw materials used to manufacture their device
casings declares bankruptcy and goes out of business
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Which of the following best describes a process that may not have been performed
comprehensively in this scenario?
A
Perform qualitative risk analysis
B
Monitor risks
C
Identify risks
D
Plan risk management - ANSCorrect answer: Identify risks
The identify risks process is used to identify potential project risks individually as well as
overall risks to the project in general
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Without proper identification of risks
before they are realized, they cannot be planned for, and responses are often pressured
by time and cost constraints
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Perform qualitative risk analysis is incorrect, as it prioritizes individual risks for deeper
analysis due to factors like probability of occurrence and impact to the project
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A project manager has been asked by a senior stakeholder to implement some changes
to the project
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At what
point should the project manager evaluate the impact of a requested change?
A
First, before any other action is started
B
After the change request is approved
C
After they get the customer to buy in on the change

D
After they find a way to save time by implementing the change - ANSCorrect answer:
First, before any other action is started
The project manager should evaluate the impact of a requested change before taking
any other action
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The organization has
set a goal to increase sales by 12% within the next three years
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All projects should be aligned with their
organization's strategic plan
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In this case, the organization has announced it would like to see a 12% increase in
sales over the next three years, and completing this project will exceed that
organizational goal
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She works with the HR manager to add each team member's newly acquired skills to
their human resource records
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Closing is those processes performed to formally complete or
close a project, phase, or contract
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They explore the critical path within the current schedule
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It represents the longest path through the entirety of the
project, and typically, this path consists of every single activity that must be concluded
from the kickoff to the ultimate conclusion of the project
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The critical path will help the project
manager to determine the length of time the project will take and where their attention
would be best focused
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She is in the process
of collecting processes, procedures, and historical information for the department's new
electrical management and security project
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Initiating is the
processes performed to define a new project or a new phase of an existing project by
obtaining authorization to start the project or phase
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Jai is the head of the IT
department for Company X and Bai is the operations manager for the department
receiving the new software
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Stakeholders are individuals who will affect or be affected by a
project
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Dennis has just been assigned to an Agile project due to his leadership abilities from
previous projects
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Which leadership style does this best represent?

A
Transactional
B
Interactional
C
Servant leader
D
Laissez-faire - ANSCorrect answer: Servant leader
The most common examples of leadership styles include, but are not limited to, the
following:
Servant leader: A project manager with this style usually has traits such as a focus on
others, growth, learning, shared prosperity, relationship orientation, and team
collaboration
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Teams are left to make decisions, set goals, and
implement their own ideas in completing the assigned tasks
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A project manager with a transactional style will usually be rigid
in implementing rules, processes, and procedures
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Transformational: This leadership style has characteristics such as empowering the
team through ideal attributes and behaviors, inspirational motivation, encouraging
innovation and creativity, and individual consideration
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Charismatic: The main characteristics of a leader with a charismatic style include high
energy, enthusiasm, strong belief, and self-confidence
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Interactional: A combination of transactional, transformational, and charismatic
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During the planning phase, the project manager and team decided to implement a
significant feature in their project, aimed at reducing overtime by 90%
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Which term best describes this aspect of the project management process?
A
Product scope
B
Process improvement plan
C
Project title
D
Project scope - ANSCorrect answer: Process improvement plan

The correct term in this scenario is Process Improvement Plan
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By incorporating a major
feature to reduce overtime, they are effectively executing a plan to improve the project
process
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Product scope refers to the characteristics and functionalities of the project's end result
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Project title is the name or identifier of the project
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Who is responsible for providing formal notice that a
contract has been completed?
A
The stakeholders
B
The seller
C
The buyer
D
The project manager - ANSCorrect answer: The buyer
A procurement contract is created between a buyer and a seller, and the seller is the
one who is responsible for doing the work
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Marjatta is in a conversation with a fellow project manager about stewardship within
their roles
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This
type of behavior allows stakeholders to understand the level of commitment they can
make regarding resources, decision making, or any type of approval
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In this context, people will understand the degree to which they can
commit resources, make decisions, or approve anything
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Moira begins the event by illustrating the proposed iteration goals alongside reviewing
the higher-priority stories
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They choose the effort to be
performed in the next iteration
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An iteration planning meeting is also known as a sprint planning meeting
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Nina, along with her team, is performing vendor analysis on a narrowed list of vendors
for the project
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The
majority of the team on that project has left the organization
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The previous manager mentioned that the currently identified top
vendor had difficulties meeting milestones
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This information is BEST identified as an influence on what project management
condition?
A
Project documents
B
Enterprise environmental factors
C
Work performance data
D
Organizational process assets - ANSCorrect answer: Organizational process assets
Organizational process assets are the plans, processes, policies, procedures, and
knowledge bases specific to and used by the performing organization
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The process assets also
include the organization's knowledge bases, such as lessons learned and historical

information
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The project team using historical data from a previous similar project is a direct
influence on organizational process assets during the Project Procurement
Management process
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At what stage in
the project management process does this segmentation typically occur?
A
Executing
B
Monitoring & Controlling
C
Initiating
D
Planning - ANSCorrect answer: Initiating
Segmenting a large project into phases is a crucial activity that takes place during the
initiating phase of the project management process
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This
division allows for more focused planning and execution, ensuring that each phase
aligns with the project's overall objectives and business needs
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Revisiting the initiating
processes at the beginning of each new phase also helps maintain alignment with the
business goals that justified the project's initiation
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Rasheed is the lead project manager for a telecommunications organization and is in
charge of training new project managers
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In evaluating the documents, he notices a
document that does not belong in this process
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It is not a project document
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Shanda decided to use an iterative planning technique as a way to work a form of
progressive elaboration on her project
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Which of the following is rolling wave
planning not applicable to?
A
Work packages
B
Cost analysis
C
Planning packages
D
Release planning - ANSCorrect answer: Cost analysis
Rolling wave planning is an iterative planning technique applicable to work packages,
planning packages, and release planning when using an Agile or waterfall approach
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The work in the future is planned at a much higher level
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Which leadership style does this best
represent?
A
Charismatic
B
Transactional
C
Transformational
D
Interactional - ANSCorrect answer: Charismatic
The most common examples of leadership styles include, but are not limited to, the
following:
Charismatic: The main characteristics of a leader with a charismatic style include high
energy, enthusiasm, strong belief, and self-confidence
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Laissez-faire: Interpreted as "hands-off," this project manager's leadership style tends to
allow their team to lead themselves
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Transactional: This style focuses on goals, feedback, and ways to determine the
rewards a person gets
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They will even implement something
called reward and punishment so that the team is always disciplined in implementing
the values it has created
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Transformational: This leadership style has characteristics such as empowering the
team through ideal attributes and behaviors, inspirational motivation, encouraging
innovation and creativity, and individual consideration
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Interactional: A combination of transactional, transformational, and charismatic
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The project charter is a very important element in the initiating process group
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Which of the
following statements is true about the content of a project charter?
A
The content of the project charter should be adjusted to show the project's success
B
The content of the project charter should be broad enough that it does not need to be
changed
C
The content of the project charter should be detailed and updated as the project
progresses
D
The content of the project charter should be filled in as the project progresses ANSCorrect answer: The content of the project charter should be broad enough that it
does not need to be changed
A project would not exist without a project charter, and it is created to provide high-level
requirements for the project, not detailed requirements
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The project manager informed their team that they would receive an extra day of paid
time off if they completed the project by its assigned deadline
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This is the power that comes from the ability to provide rewards (e
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, praise, money,
etc
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Expert is the power of the project manager who is a technical or project
management expert
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The project manager is considering which recognition and rewards will be given to team
members and when they will be given
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The resource management plan is an output of the
Plan Resource Management process area and is a component of the project
management plan
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The resource management plan may include, but is not limited to, the following:
Identification of resources
Acquiring resources
Roles and responsibilities (role, authority, responsibility, competence)
Project organization charts
Project team resource management
Training
Team development
Resource control
Recognition plan

The project manager is reviewing the current earned value report, which shows the
following:
Schedule Performance Index (SPI) = 1
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6
Planned Value (PV) = $200,000
Schedule Variance (SV) = $40,000
What is the project's Cost Variance (CV)?
A
$125,000
B
$160,000
C
$90,000
D
$96,000 - ANSCorrect answer: $90,000
The project's Cost Variance (CV) is $90,000
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1
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Find the AC:
You can find AC using the CPI formula: CPI = EV / AC
1
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6 x AC = $240,000
AC = $240,000 / 1
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Find the Cost Variance (CV):
CV = EV - AC
CV = $240,000 - $150,000
CV = $90,000
The project manager just received approval to implement a change request
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When a project manager
receives a change order request, the first step is to attempt to resolve the issue with
corrective action that would not change the plan or its components
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The analysis and recommendation would be
forwarded to the project sponsor who decides whether to approve or reject the change
order request
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If the sponsor approves the
change order request, the project manager implements it by changing the project
budget, schedule, and scope as necessary
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Based on this
information, which process group is the project manager's project currently in?
A
Monitoring & Controlling
B
Closing
C
Executing
D
Planning - ANSCorrect answer: Closing
The project manager is in the closing process group when they have completed team
members' assessments as well as released project resources
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The project manager started the project with a BAC of $5,000
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What is the TCPI for the project?
A
1
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75
C
0
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67 - ANSCorrect answer: 0
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To calculate the efficiency that must be maintained to complete on plan, use the
following formula:
TCPI = (BAC - EV) / (BAC - AC)
TCPI > 1
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0 is same to complete
TCPI < 1
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75
The TCPI shows the project manager the rate that must be sustained for the remaining
work to stay on budget
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The project manager calculates the CPI and finds that the result is
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What
does this mean?
A
The project is currently expected to be 76 percent over budget when completed
B
The project is ahead of schedule
C
The project is progressing at 76 percent of the planned rate
D
The project is getting back about 76 cents out of every dollar that is put into it ANSCorrect answer: The project is getting back about 76 cents out of every dollar that
is put into it
Cost Performance Index (CPI) is a measure of the cost efficiency of budgeted resources
expressed as the ratio of earned value to actual cost
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CPI values > 1
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0 indicate a project is on planned cost
CPI values < 1
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76 tells the project manager that the project is only getting about 76 cents out
of every dollar that is put into it
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Which earned value (EV) analysis technique measures the cost of completing
the remaining work against the remaining budget?
A
EAC
B
TCPI
C
CPI
D
ETC - ANSCorrect answer: TCPI
To Complete Performance Index (TCPI) is a measure of the cost performance that must
be achieved with the remaining resources to meet a specified management goal
expressed as the ratio of the cost to finish the outstanding work to the budget available
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0 is harder to complete
TCPI = 1
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0 is easier to complete
To calculate the efficiency that must be maintained to complete the current EAC, use
the following formula:
TCPI = (BAC - EV) / (EAC - AC)
TCPI > 1
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0 is same to complete
TCPI < 1
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The deliverables were designed separately, and there are different project managers
leading them

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