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11. A project has been scheduled for 6 months for $ 9,00,000 USD. At the end of the 2nd month, the project is 30% complete and the cost is $ 3,25,000 USD. What is the Cost Performance Index of the Project?
A. 0.846
B. 0.746
C. 1.046
D. 0.946
Answer: A
Explanation
Cost Performance Index = CPI = Earned Value (EV) / Actual Cost (AC) The project is 30% complete. Hence, EV = 9,00,000 * (30/100) = 270,000 Now the Actual Cost of the project is = AC = 3,25,000 Hence the CPI = EV/AC = 270,000 / 3,25,000 = 0.846. Hence Choice – A is the correct answer.
12. In which process and in which knowledge area the initial cost management plan is developed?
A. Develop Project Management Plan in Integration Management
B. Develop Cost Management Plan in Cost Estimation
C. Develop Cost Management Plan in Cost Budgeting
D. Develop Cost Management Plan in Cost Control
Answer: A
Explanation
The initial cost management plan is developed as part of the Develop Project Management Plan in Integration Management Knowledge Area. Later on, it is revised in Estimate Cost and Determine Budget processes. Hence, Choice – A is the correct answer
13. Which chart reports on the trends and variances of the quality problems that have occurred over a period of time?
A. Run Chart
B. Control Chart
C. Pareto Chart
D. Histogram
Answer: A
Explanation
Run Chart is used to check for the trends and variances over a period of time. It is used in Quality Control. Hence, Choice-A is the best choice. Pareto Chart is used to prioritize, Histogram is a kind of Pareto Chart and Control Chart is used to check if the process is in control.
14. How a project co-ordinator is different from the project expeditor?
A. The project expeditor has some authority to make decisions whereas the project co-ordinator does not
B. The project co-ordinator has some authority to make decisions whereas the project expeditor does not
C. The concept of project co-ordinator and project expeditor does not exist
D. None of the above
Answer: B
Explanation
The concept of project expeditor and project coordinator is not explicitly mentioned in PMBOK guide. However, sometimes it comes in the exam. A project coordinator is weaker than a project manager and has some minor authority. The role project expeditor is only to make things happen on time. The expeditor does not have any authority. Hence Choice – B is the correct one.
15. A project is being developed by a consortium of groups spreads across different continent around the globe. As the manager of the project, you are concerned about the risk associated with the project. Which project management group should be most emphasized to address the risk?
A. Planning Process Group
B. Monitoring and Controlling Process Group
C. Initiating Process Group
D. Closing Process Group
Answer: A
Explanation
When a project is started, the risk associated with the project is the highest. As the project progresses, the risk decreases. Hence, for most of the risk to be addressed in a project, the planning process group should be held in importance.
16. In which of the following organizations is the project manager MOST likely to be part-time?
A. Balanced-Matrix
B. Strong-Matrix
C. Composite
D. Functional
Answer: D
Explanation
Only in a functional organization, a project manager is likely to be part time. Hence, Choice – D is the correct answer.
17. The Activity List can be input to all of the following EXCEPT
A. Sequence Activities
B. Define Activities
C. Estimate Activity Resources
D. Estimate Activity Durations
Answer: B
Explanation
Activity List can not be an input to Activity Definition as it is the output from it.
18. A project is schedule for 9 months. The entire cost of project at the beginning is estimated to be $ 8,00.000 USD. However, at the end of 3rd month the project is 20% complete. What is the Schedule Performance Index?
A. 0.5
B. 0.6
C. 1.2
D. 1.5
Answer: B
Explanation
The Earned Value for the project is = EV = 20% * (8,00,000) The Planned Value for the project is = PV = (3/9) * (8,00,000) The SPI = EV/PV = (1/5) / (3/9) = 3/5 = 0.60
19. The most important function of the project manager is:
A. Resource Staffing
B. Team Building
C. Motivating
D. Communicating
Answer: D
Explanation
A project manager spends majority of his/her time in communicating. Hence, D is the correct answer
20. The Work Breakdown Structure (WBS) has been created and it has been broken down the work package level. All of the following can be treated as characteristics of WBS EXCEPT:
A. The cost can be reliably estimated for the work packages
B. The effort can be reliably estimated for the work packages
C. Work package can be assigned to a person or a group of persons
D. Work packages can be broken down further to another level in scope management
Answer: D
Explanation
Work packages are the lowest level in a WBS for which time and cost can be reliably estimated and it can be assigned to one person or group of persons. However, work package can not be broken down to further levels at this stage.
Conclusion
The Certified Associate in Project Management (CAPM®) course gives newcomers an overview of key project management principles, five process groups, and 10 knowledge areas. Your CAPM® certification demonstrates that you have a fundamental understanding of project management principles, terminologies, and processes. Pass your CAPM exam with SPOTO’s 100% real CAPM exam dumps on the first go!
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