Free CAPM Exam Questions And Answers 2017

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Q:1-What is Pareto's Law?
Mark one answer:

80% of the effects come from 20% of the causes
Work expands so as to fill the time available for its completion.
Anything that can go wrong will go wrong.
Never attribute to malice that which can be adequately explained by stupidity.



Q:2-Rick was in the middle of his procurement management process when he realized he was missing organizational process assets. Which is an example of an organizational process asset?
Mark one answer:

Project scope statement
Risk register
Current contracts
Lessons learned from prior projects
All of the above


Q:3-Eric is heading an engineering project and is in the midst of deciding which type of contract statement of work he will use. Which type is not available to him?
Mark one answer:

Performance
Functional
Design
RFP
All of the above


Q:4-True or false: For the seller of services, a Fixed Price plus Incentive contract is riskier than a Cost plus Fixed Fee contract.
Mark one answer:

True
False


Q:5-When is the project manager using analogous estimating?
Mark one answer:

The PM doesn’t have all of the information needed to give time estimates
The PM needs to pad their estimates
The PM is using a mathematical model
The PM uses similar projects or activities to assist with time estimates
The PM is using a Monte Carlo technique



Q:6-Jill’s project is behind schedule but it needs to be delivered by a certain date. She requests additional resources to complete the project faster. Which of the following terms is this an example of?
Mark one answer:

Critical path
Crashing
Secondary risk
Float
Slack


Q:7-Michael is looking at a network diagram he’s just created for his project. He sits with Tito, a team member and relays important facts about the project utilizing the diagram. Which of the following does not represent the benefits of using a network diagram?
Mark one answer:

It includes dependences
It illustrates the critical path
It may utilize a calendar scale
It’s a quick sketch


Q:8-The outputs of a determined budget include:
Mark one answer:

Activity cost estimate, scope baseline, and project document updates
Cost performance baseline, document update, and basis of estimates
Basis of estimates, resources, and project funding requirements
Cost performance baseline, project funding requirements, and project document updates


Q:9-What is a standard range for a Rough Order of Magnitude estimate?
Mark one answer:

-25% to +50%
-25% to +75%
-50% to +50%
-50% to +75%
-75% to +75%


Q:10-A management reserve should be a specific percentage of each budget.
Mark one answer:

True
False



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