CAPM CAPM 5 — Questions and Answers
Question 1: A project manager notices that team morale has dropped significantly after a major scope change. According to Maslow's hierarchy of needs, which level is MOST likely affected?
- Physiological needs
- Safety needs
- Esteem needs (Correct answer)
- Self-actualization needs
Correct answer: Esteem needs
Scope changes that reduce team members' sense of contribution or recognition impact esteem needs such as achievement and respect.
Question 2: What is the BEST description of progressive elaboration in project management?
- Adding more detail to the project plan as more information becomes available (Correct answer)
- Progressively increasing the project budget as work is completed
- Systematically breaking down work packages into smaller activities
- Gradually releasing project deliverables to the customer
Correct answer: Adding more detail to the project plan as more information becomes available
Progressive elaboration is the process of continuously improving and detailing a project plan as more information becomes available.
Question 3: Which type of contract places the MOST financial risk on the buyer?
- Fixed-price (FP)
- Cost-plus-fixed-fee (CPFF) (Correct answer)
- Time and material (T&M)
- Firm-fixed-price (FFP)
Correct answer: Cost-plus-fixed-fee (CPFF)
Cost-plus contracts place the most risk on the buyer because they reimburse all allowable costs and add a fee, regardless of final cost.
Question 4: A project manager is using the Monte Carlo technique. What is this technique used for?
- Identifying the critical path in a complex network
- Simulating project outcomes to analyze cost and schedule risk (Correct answer)
- Calculating earned value metrics for performance reporting
- Determining the optimal sequence of project activities
Correct answer: Simulating project outcomes to analyze cost and schedule risk
Monte Carlo simulation runs thousands of iterations with randomized inputs to predict the probability distribution of project outcomes.
Question 5: When should a project manager conduct a stakeholder analysis?
- Only at project initiation
- During planning after all requirements are defined
- Early and repeatedly throughout the project (Correct answer)
- Only when stakeholder conflicts arise
Correct answer: Early and repeatedly throughout the project
Stakeholder analysis should be conducted early and revisited throughout the project as stakeholders and their interests can change.
Question 6: Which scheduling method calculates early and late start/finish dates for all activities without considering resource limitations?
- Critical Chain Method
- Resource Leveling
- Critical Path Method (CPM) (Correct answer)
- Schedule Compression
Correct answer: Critical Path Method (CPM)
The Critical Path Method calculates theoretical early and late dates using forward and backward pass without resource constraints.
Question 7: A project team member reports that a completed deliverable does not meet the acceptance criteria defined in the scope statement. This should be documented as a:
- Risk
- Defect (Correct answer)
- Change request
- Assumption
Correct answer: Defect
A deliverable that fails to meet defined acceptance criteria is a defect that must be repaired or replaced.
CAPM CAPM 5
A project manager notices that team morale has dropped significantly after a major scope change.
According to Maslow's hierarchy of needs, which level is MOST likely affected?