Practice Quiz

CAPM Project Management Exam Prep - Question List

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61. Based on a real scenario: Hayden the Handyguy wants $50 per hour plus the cost of wood, nails and beer to build some new shelves for Ted the Project Manager who is disappointed what he built fell off the wall. Hayden’s billing method is: (Select the two answers that apply).
  1. Cost plux fixed fee
  2. Time and material
  3. Fixed fee plus percentage of costs
  4. Variable cost
  5. Incentive based fee for performance
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62. Titanic Inc. is reviewing their existing projects. $10 million has already been spent on Project Iceberg but another $20 million required. The project is expected to provide riskless cash flows with a present value of $28 million once it is completed. Should Titanic proceed?
  1. Maybe
  2. No
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63. Which of the following is NOT a task that Project Managers would be responsible for with respect to their staff?
  1. Commending/rewarding staff for good performance
  2. Writing job descriptions for project-related positions
  3. Ensuring staff members get appropriate training
  4. Pulling a team member off of a project to be re-allocated elsewhere
  5. All of the above
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64. John the Project Manager has been dealing with a lot of opposition with respect to getting the resources he needs because the company is typically stingy with spending money. This type of problem can be categorized as a(n):
  1. Dysfunctional management
  2. Human resource irresponsibility
  3. Enterprise environmental factor
  4. Organizational breakdown
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65.

A responsibility assignment chart is used to clarify team members’ responsibilities. What does this chart NOT show?

  1. Team member names
  2. Tasks
  3. Primary and secondary responsibilities
  4. Time frames to complete task
  5. All of the above
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