CAPM CAPM 4 — Questions and Answers
Question 1: A project manager is performing procurement planning. Which document defines the requirements for items or services to be procured?
- Statement of Work (SOW) (Correct answer)
- Request for Proposal (RFP)
- Procurement Management Plan
- Make-or-buy analysis
Correct answer: Statement of Work (SOW)
A Statement of Work (SOW) describes the specific portion of the product or service to be procured from a seller.
Question 2: Which risk response strategy involves shifting the negative impact of a risk to a third party?
- Avoid
- Mitigate
- Transfer (Correct answer)
- Accept
Correct answer: Transfer
Transferring risk shifts the negative impact to a third party, such as purchasing insurance or outsourcing risky work.
Question 3: What is the Schedule Performance Index (SPI) if the Earned Value (EV) is $60,000 and the Planned Value (PV) is $75,000?
- 1.25
- 0.80 (Correct answer)
- 0.75
- 1.15
Correct answer: 0.80
SPI = EV / PV = $60,000 / $75,000 = 0.80, indicating the project is behind schedule.
Question 4: Which process involves tracking, reviewing, and regulating the progress to meet project performance objectives?
- Direct and Manage Project Work
- Monitor and Control Project Work (Correct answer)
- Perform Integrated Change Control
- Plan Schedule Management
Correct answer: Monitor and Control Project Work
Monitor and Control Project Work tracks, reviews, and regulates project progress to meet the performance objectives defined in the plan.
Question 5: A project manager is using a responsibility assignment matrix (RAM). What does a RACI chart specifically track?
- Resources, Activities, Costs, and Issues
- Responsible, Accountable, Consulted, and Informed (Correct answer)
- Risk, Assumptions, Constraints, and Issues
- Requirements, Acceptance, Changes, and Integration
Correct answer: Responsible, Accountable, Consulted, and Informed
A RACI chart maps team members to tasks using four roles: Responsible, Accountable, Consulted, and Informed.
Question 6: During project planning, the team identifies that a specific regulatory approval is required before construction can begin. This is an example of a:
- Risk
- Assumption
- Constraint
- Dependency (Correct answer)
Correct answer: Dependency
A mandatory external dependency (regulatory approval) must occur before a successor activity can start.
Question 7: Which document formally authorizes the existence of a project and gives the project manager authority to apply organizational resources?
- Project Management Plan
- Project Charter (Correct answer)
- Scope Statement
- Business Case
Correct answer: Project Charter
The project charter formally authorizes the project and grants the project manager the authority to use organizational resources.
CAPM CAPM 4
A project manager is performing procurement planning.
Which document defines the requirements for items or services to be procured?