CAPM CAPM 3 — Questions and Answers
Question 1: Which type of organizational structure gives the project manager the MOST authority?
- Functional
- Weak matrix
- Balanced matrix
- Projectized (Correct answer)
Correct answer: Projectized
In a projectized organization, project managers have full authority over resources and project decisions.
Question 2: A project has a Budget at Completion (BAC) of $200,000, Earned Value (EV) of $80,000, and Actual Cost (AC) of $100,000. What is the Estimate to Complete (ETC) using the typical ETC formula?
- $120,000
- $150,000 (Correct answer)
- $100,000
- $140,000
Correct answer: $150,000
ETC = (BAC - EV) / CPI = ($200,000 - $80,000) / 0.80 = $150,000, where CPI = EV/AC = 0.80.
Question 3: What is the primary purpose of the project communications management plan?
- Identify project stakeholders and their influence
- Define who receives what information, when, and how (Correct answer)
- Document lessons learned throughout the project
- Establish escalation paths for project issues
Correct answer: Define who receives what information, when, and how
The communications management plan defines the information needs of stakeholders and how communications will be handled.
Question 4: Which estimating technique uses historical data from previous similar projects as a basis for estimating the current project?
- Parametric estimating
- Analogous estimating (Correct answer)
- Bottom-up estimating
- Three-point estimating
Correct answer: Analogous estimating
Analogous estimating uses historical data from similar past projects and is typically less accurate but faster and cheaper.
Question 5: During project closure, which activity is MOST important for organizational learning?
- Releasing team members to functional managers
- Archiving project documents
- Conducting lessons learned sessions (Correct answer)
- Obtaining final customer acceptance
Correct answer: Conducting lessons learned sessions
Lessons learned sessions capture knowledge from the project that can improve performance on future projects.
Question 6: A project manager wants to show the relationship between two variables to determine if they are correlated. Which quality tool should be used?
- Histogram
- Control chart
- Scatter diagram (Correct answer)
- Flowchart
Correct answer: Scatter diagram
A scatter diagram plots two variables to show if a relationship or correlation exists between them.
Question 7: The critical path in a project schedule represents:
- The most expensive sequence of activities
- The sequence of activities with the highest risk
- The longest path through the network that determines project duration (Correct answer)
- The sequence of activities with the most resources assigned
Correct answer: The longest path through the network that determines project duration
The critical path is the longest duration path through the project network, which sets the earliest possible completion date.
CAPM CAPM 3
Which type of organizational structure gives the project manager the MOST authority?