CAPM Practice Test

CAPM Practice Test practice questions, page 15 of 21, with answer review and explanations.

Question 71

What are the two most common contract types used in a project?

  1. Cost plus award fee (CPAF) contract and fixed price contract
  2. Fixed price contract and cost-reimbursable contract
  3. Cost-reimbursable contract and time and material (T&M) contract
  4. Time and material (T&M) contract and cost plus award fee (CPAF) contract

Question 72

If you established a contingency reserve including time, money, and resources, how are you handling risk?

  1. Accepting
  2. Transferring
  3. Avoiding
  4. Mitigating

Question 73

Which are required to create the schedule management plan?

  1. Scope baseline, work breakdown structure (WBS), estimated costs, and milestone list
  2. Resource management plan, organizational process assets, activity list, and business case
  3. Enterprise environmental factors, organizational process assets, project charter, and project management plan
  4. Activity list, project statement of work, project charter, and communications management plan

Question 74

In an agile or adaptive environment, when should risk be monitored and prioritized?

  1. Only during the Initiation and Closing phases
  2. During the Initiation and Planning phases
  3. During each iteration as the project progresses
  4. Throughout the Planning process group and retrospective meeting

Question 75

Which factors should be considered for cross-cultural communication?

  1. Background, personality, and communications management plan
  2. Personality, background, and escalation process
  3. Sponsor relationship, personality, and background
  4. Current emotional state, personality, and background