Practice Quiz

CAPM Project Management Exam Prep - Question List

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11. What is Pareto's Law?
  1. 80% of the effects come from 20% of the causes
  2. Work expands so as to fill the time available for its completion.
  3. Anything that can go wrong will go wrong.
  4. Never attribute to malice that which can be adequately explained by stupidity.
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12. 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?
  1. Project scope statement
  2. Risk register
  3. Current contracts
  4. Lessons learned from prior projects
  5. All of the above
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13. 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?
  1. Performance
  2. Functional
  3. Design
  4. RFP
  5. All of the above
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14. True or false: For the seller of services, a Fixed Price plus Incentive contract is riskier than a Cost plus Fixed Fee contract.
  1. True
  2. False
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15. When is the project manager using analogous estimating?
  1. The PM doesn’t have all of the information needed to give time estimates
  2. The PM needs to pad their estimates
  3. The PM is using a mathematical model
  4. The PM uses similar projects or activities to assist with time estimates
  5. The PM is using a Monte Carlo technique
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