Practice Test Geeks(CAM) Certified Account Manager Practice Test
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Project Management Fundamentals Flashcards

7 cards from real CAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Project Management Fundamentals flashcards as text

  1. A project's Cost Performance Index (CPI) is 0.85. What does this mean?

    Answer: The project is only getting $0.85 of value for every $1 spent

    A CPI below 1.0 indicates the project is over budget, meaning only $0.85 worth of work is being accomplished for every dollar spent.

  2. Which type of project organizational structure gives the project manager the MOST authority?

    Answer: Projectized organization

    In a projectized organization, team members report directly to the project manager who has full authority over the project and its resources.

  3. During project planning, a risk is identified as having high probability but low impact. How should this risk typically be prioritized?

    Answer: Medium priority — monitor and prepare mitigation

    A risk with high probability but low impact typically warrants monitoring and preparation of mitigation strategies, placing it at medium priority.

  4. What is the purpose of a project kickoff meeting?

    Answer: To align stakeholders and formally begin project execution

    A kickoff meeting formally launches project execution, aligns all stakeholders on objectives, roles, and expectations, and builds team cohesion.

  5. An account manager wants to identify all tasks required to complete a project. Which tool is MOST appropriate?

    Answer: Work Breakdown Structure (WBS)

    The Work Breakdown Structure decomposes the total project scope into smaller, manageable deliverables and work packages to ensure nothing is missed.

  6. Which project constraint is being managed when an account manager ensures deliverables meet client specifications?

    Answer: Quality

    Quality management ensures that project deliverables conform to requirements and meet the client's defined standards and specifications.

  7. A project is in the closing phase. What is a critical activity that an account manager must complete?

    Answer: Obtain formal acceptance of deliverables

    Obtaining formal client or stakeholder acceptance of deliverables is a critical closing activity that confirms all project objectives have been met.