CAPM Project Management Exam Prep - Question List

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6. Joe is a consultant. He is managing a contract that is fixed price on client site. The client requests a change that would impact the cost and schedule of the project. Which of the following should Joe do? Select all that apply:
  1. Consult the formal change control system at the organization
  2. Review the contract
  3. Analyze how the changes impact cost, time and quality
  4. Begin working on the changes immediately to save time
  5. Gold-plate the existing project
7.

Sherri Bobbins is formulating her scope management plan for his project. To develop a well-rounded plan she’ll use all of the following, except:

  1. Product analysis
  2. Stakeholder analysis
  3. Scope definition
  4. Benchmarks
8. True or false: The WBS is created by the project manager alone.
  1. True
  2. False
9. What are the four options for dealing with a risk?
  1. Accept, mitigate, transfer and avoid
  2. Accept, insure, transfer and avoid
  3. Accept, mitigate, reduce and avoid
  4. Situation, task, action, result
  5. It’s a trick question - there are only three and they are transfer, mitigate and avoid.
10. By applying effective risk management techniques, what percentage of risks can be curtailed?
  1. 50%
  2. 10%
  3. 25%
  4. 90%
  5. 100%

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