CAPM CAPM 4

Question 1

A project manager is performing procurement planning. Which document defines the requirements for items or services to be procured?

Accepted Answer

Statement of Work (SOW)

Answer

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?

Accepted Answer

Transfer

Answer

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?

Accepted Answer

0.80

Answer

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?

Accepted Answer

Monitor and Control Project Work

Answer

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?

Accepted Answer

Responsible, Accountable, Consulted, and Informed

Answer

A RACI chart maps team members to tasks using four roles: Responsible, Accountable, Consulted, and Informed.

CAPM Practice Test