Mixed Deck — All CAPM Topics Flashcards

How should CAPM professionals handle confidential information related to agile & hybrid methodologies?

Answer: Follow established protocols for data protection, access control, and disclosure in accordance with applicable regulations

Confidential information must be handled according to established protocols, regulatory requirements, and professional ethics standards, including proper access control and disclosure procedures.

Which term describes the formal transfer of project deliverables to operations or the customer at project closure?

Answer: Transition

Transition refers to the formal handover of completed deliverables from the project team to the customer, operations, or support teams during project closure.

You're in charge of the HNN Project's project management. To install several of the project's components, your team will require safety training. What is the cost of this training?

Answer: Cost of quality

The Cost of Quality (COQ) includes all costs incurred to ensure quality, such as prevention costs and appraisal costs, as well as costs incurred as a result of poor quality. Safety training is a *prevention cost*, as it aims to prevent defects, accidents, or non-conformance by ensuring the team has the necessary skills and knowledge. Therefore, it falls under the umbrella of the cost of quality.

When the scope of work is well-defined and risk should be transferred to the seller, which contract type is most appropriate?

Answer: Fixed Price Lump Sum (FPLS)

Fixed-price contracts transfer cost risk to the seller and work best when scope is clearly defined and unlikely to change significantly.

Activity B has an Early Start of day 5, Early Finish of day 10, Late Start of day 8, and Late Finish of day 13. What is its total float?

Answer: 3 days

Total float = Late Start − Early Start = 8 − 5 = 3 days (or Late Finish − Early Finish = 13 − 10 = 3 days).

What is the term for all work required, and ONLY the work required, to complete the project successfully?

Answer: Project Scope

Project scope is defined as all the work required, and only the work required, to complete the project successfully.

Which output of the Develop Schedule process shows planned start and finish dates for project activities?

Answer: Project schedule baseline

The project schedule baseline is the approved version of the schedule model, showing planned start and finish dates used to measure schedule performance.

What is the Schedule Performance Index (SPI) if the Earned Value (EV) is $60,000 and the Planned Value (PV) is $75,000?

Answer: 0.80

SPI = EV / PV = $60,000 / $75,000 = 0.80, indicating the project is behind schedule.

Which of the following best describes a key competency required for procurement & contract management in CAPM practice?

Answer: Strong analytical skills combined with effective communication and ethical judgment

CAPM professionals working in procurement & contract management need analytical skills to assess situations, communication skills to convey findings, and ethical judgment to make sound decisions.

A stakeholder requests a change that is outside the project scope. What should the project manager do FIRST?

Answer: Direct the stakeholder to submit the request through the integrated change control process

All change requests, regardless of source, must be routed through the integrated change control process for formal evaluation and approval.

In a Precedence Diagramming Method (PDM) network, which relationship type means successor cannot start until predecessor finishes?

Answer: Finish-to-Start (FS)

Finish-to-Start (FS) is the most common dependency type, where the successor activity cannot begin until the predecessor is complete.

Which of the following BEST describes the purpose of the Monitor Communications process?

Answer: Ensuring communication needs of stakeholders are met throughout the project

Monitor Communications ensures that the communication activities are effective and that stakeholder information needs are continuously satisfied.

Which cost baseline document is used to measure and monitor project cost performance over time?

Answer: Cost Performance Baseline

The cost performance baseline is the approved time-phased budget against which actual project costs are compared.

A mutually binding agreement in which the seller is obligated to supply the stated product, service, or outcome and the customer is obligated to pay for it is known as a -

Answer: Contract

A contract is a legally binding agreement between two or more parties, typically a buyer (customer) and a seller. It outlines the specific products, services, or results the seller is obligated to provide, along with the terms and conditions for payment and delivery. This formal agreement establishes mutual obligations and provides a legal framework for the procurement process.

What does a negative Schedule Variance (SV) indicate?

Answer: The project is behind schedule

SV = EV - PV; a negative SV means earned value is less than planned value, indicating the project is behind schedule.

When a CAPM professional encounters an unexpected result during a technical procedure, the FIRST action should be to:

Answer: Stop, assess the situation, and determine whether to proceed or seek guidance

Stopping to assess the situation when unexpected results occur is critical. This allows the professional to evaluate whether it is safe and appropriate to continue, and to determine if additional guidance or resources are needed.

Which of the following best describes a key competency required for project documentation & reporting in CAPM practice?

Answer: Strong analytical skills combined with effective communication and ethical judgment

CAPM professionals working in project documentation & reporting need analytical skills to assess situations, communication skills to convey findings, and ethical judgment to make sound decisions.

A project manager is closing a project and must ensure lessons learned are accessible to future teams. Which action is MOST appropriate?

Answer: Archive the lessons learned register in the organizational knowledge repository

Storing lessons learned in the organizational knowledge repository ensures they are accessible to future project teams across the organization.

What is the PRIMARY reason for regulatory compliance in the Certified Associate in Project Management profession?

Answer: To protect public safety, ensure quality standards, and maintain professional integrity

Regulatory compliance serves the broader purpose of protecting public safety, ensuring consistent quality standards, and maintaining the integrity of the profession. While avoiding penalties is a benefit, the primary motivation is safeguarding the public interest.

What does 'progressive elaboration' mean in the context of project scope?

Answer: The continuous improvement and detailing of a project plan as more information becomes available and as the project characteristics become better defined

Progressive elaboration is the iterative process of continually increasing the level of detail in a project plan as more specific information becomes available throughout the project lifecycle.