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PMI CAPM exam is designed to test the fundamental knowledge and skills required for effective project management. It covers the basic principles of project management, including project scope, cost, quality, time, risk, and procurement management. CAPM exam also tests the candidate's understanding of project management processes and methodologies, such as Agile and Waterfall.

PMI CAPM (Certified Associate in Project Management) exam is a globally recognized certification for individuals who are interested in pursuing a career in project management. The CAPM credential is designed for individuals who have little or no previous experience in project management, but who are interested in gaining a better understanding of the fundamental principles and practices of project management. Certified Associate in Project Management (CAPM) certification is offered by the Project Management Institute (PMI), which is a leading professional association for project managers around the world.

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PMI Certified Associate in Project Management (CAPM) Sample Questions (Q1150-Q1155):

NEW QUESTION # 1150
The methodology that combines scope, schedule, and resource measurements to assess project performance and progress is known as:

Answer: D

Explanation:
Section: Volume B
Explanation:
7.4.2.1 Earned Value Management
Earned value management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress. It is a commonly used method of performance measurement for projects. It integrates the scope baseline with the cost baseline, along with the schedule baseline, to form the performance measurement baseline, which helps the project management team assess and measure project performance and progress. It is a project management technique that requires the formation of an integrated baseline against which performance can be measured for the duration of the project.


NEW QUESTION # 1151
Which component of the project charter defines what the project's success will look like?

Answer: D


NEW QUESTION # 1152
Which term refers to the work performed to deliver results with specified features and functions?

Answer: C


NEW QUESTION # 1153
A project team is working on relocating offices to another building and providing new furniture. The new furniture was purchased from an international vendor. The price was negotiated in a foreign currency, and due to changes in the exchange rate, the cost has increased by 10%. There is no contingency in the project budget.
What should the project manager do?

Answer: D

Explanation:
According to the PMBOKGuide, specifically regarding the Monitor and Control Project Work and Determine Budget processes, a project manager ' s authority is limited by the approved cost baseline and management reserves.
* Exceeding the Budget: When a project experiences a cost increase (such as a 10% currency exchange fluctuation) and there is no contingency reserve left to cover it, the project manager has exceeded their spending authority.
* Role of the Project Sponsor: The sponsor is the individual or group that provides the financial resources for the project. They are ultimately responsible for the project ' s business case and success. Because this issue impacts the project ' s financial viability and requires additional funding beyond the baseline, the project manager must escalate the situation to the Project Sponsor.
* Risk vs. Issue: While exchange rate fluctuation is a known risk in international procurement, once it has occurred and there is no budget to address it, it becomes an Issue. The sponsor must decide whether to provide additional funds (from management reserves), reduce the project scope, or accept a lower quality of furniture to stay within the original budget.
* Management Reserves: These are amounts of the project budget withheld for management control purposes (the " unknown-unknowns " ). Accessing these funds typically requires formal approval from the sponsor or a steering committee.
Analysis of other options:
* Option A: The PMO provides support, governance, and templates. While they may offer advice on how to handle the documentation, they generally do not provide the additional funding needed to solve a project ' s budget deficit.
* Option B: Escalating directly to the CFO skips the project ' s established governance structure. The project manager should follow the chain of command, which starts with the project sponsor.
* Option C: The procurement team handles the contract and vendor relationship. While they can confirm the price increase and the exchange rate logic, they do not have the authority to grant additional budget to the project.
Per PMI standards, any significant variance that threatens the project ' s baseline and cannot be resolved using the project manager ' s allotted contingency must be escalated to the Project Sponsor for a strategic decision on how to proceed.


NEW QUESTION # 1154
In the Plan Procurement Management process, which source selection criteria analyzes if the seller ' s proposed technical methodologies, techniques, solutions, and services meet the procurement documents requirements?

Answer: D

Explanation:
According to the PMBOKGuide, specifically within the Plan Procurement Management process, Source Selection Criteria are developed and used to rate or score seller proposals. When an organization evaluates a vendor, they use specific criteria to ensure the selected seller can fulfill the requirements.
* Technical Approach: This specific criterion focuses on the " how. " It analyzes whether the seller's proposed methodologies, techniques, solutions, and services align with the requirements defined in the procurement documents (such as the Statement of Work). It evaluates the feasibility and effectiveness of the vendor ' s planned delivery process.
* Source Selection Criteria (General): These are often included as part of the procurement documents to give sellers an understanding of how they will be evaluated. They can be objective (e.g., " The seller must have 10 years of experience " ) or subjective (e.g., " The proposed technical approach must be innovative " ).
Comparison with other options:
* B. Technical capability: This refers to the seller ' s ability or expertise (e.g., does the staff have the required skills or certifications?) rather than the specific methodology proposed for the current project.
* C. Business size and type: This is a non-technical criterion used to see if the seller meets specific categories, such as being a small business or a disadvantaged enterprise, as required by some government or corporate policies.
* D. Production capacity and interest: This evaluates whether the seller has the available resources (manpower, equipment, or facility space) to take on the work and whether they have expressed a genuine interest in the contract.


NEW QUESTION # 1155
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