CAPM Practice Test

CAPM Practice Test practice questions, page 8 of 21, with answer review and explanations.

Question 36

Which project documents can determine the budget?

  1. Procurement documents, contracts, requirements documentation, and basis of estimates
  2. Basis of estimates, cost estimates, project schedule, and risk register
  3. Business case, project charter, statement of work, and cost estimates
  4. Scope baseline, resource management plan, activity list, and assumption log

Question 37

When managing costs in an agile environment, what should a project manager consider?

  1. Lightweight estimation methods can be used as changes arise
  2. Agile environments make cost aggregation more difficult
  3. Agile environments make projects more costly and uncertain
  4. Detailed cost calculations benefit from frequent changes

Question 38

Which statement describes the Monitor Communications process?

  1. Evaluates the differences between the communications management plan and the reality of communications in a project
  2. Ensures that the information needs of the project and the stakeholders are met
  3. Ensures that project information is created, collected, and distributed in a timely and appropriate manner
  4. Develops an appropriate and plan for communication of project activities

Question 39

Which tasks should a project manager accomplish in order to manage project scope correctly?

  1. Define, Validate, and Control Scope; Control Schedule; Control Costs and Manage Stakeholder Engagement.
  2. Collect Requirements, Define Scope, Create WBS, Develop Schedule, and Manage Stakeholder Engagement.
  3. Plan Scope Management; Collect Requirements; Define, Validate, and Control Scope; and Create WBS.
  4. Define, Validate, and Control Scope; Control Costs; Manage Stakeholder Engagement; and keep budget under control.

Question 40

In a preliminary meeting for a project, team members decide to execute the project with agile methodology. A finance team member wants to know how project cost will be determined at this early stage. How will the project team determine project cost?

  1. Use a lightweight cost estimation due to the nature of agile projects
  2. Use a detailed cost estimation for agile projects
  3. Retrieve a budget from a previous project and create a baseline for this project based on it
  4. Use a detailed work breakdown structure (WBS) to get cost estimation