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Certified Associate in Project Management (CAPM) Certification Training Quiz Questions and Answers

Answer :
  • Compare actual expenditures to the cost baseline regularly and manage variances

Explanation :

Regularly comparing actual costs to the cost baseline allows project managers to identify deviations early and implement corrective measures. This proactive management helps maintain control over the project budget and ensures alignment with financial goals.
Answer :
  • Strong Matrix

Explanation :

Projectized Organization: Any organizational structure in which the project manager has full authority to assign priorities and to direct the work of individuals assigned to the project. Strong Matrix: The project manager is assigned full time and has a f
Answer :
  • Enterprise benefits measurement methods when selecting a project

Explanation :

Projects are seeded from the recognition of a regulatory or business need. Cost benefit analysis, scorecard modelling , payback periods, and internal rate of return are examples of benefits measurement methods when selecting a project. Best Option is A
Answer :
  • Bottom-up estimating

Explanation :

Bottom-up estimating provides a detailed breakdown of costs by aggregating individual work packages or activities. It is particularly useful for complex projects with uncertainties, as it allows for comprehensive and precise cost assessments.
Answer :
  • Net Present Value (NPV) Analysis

Explanation :

NPV Analysis helps in assessing the profitability of projected projects by considering the present value of cash inflows and outflows. It is critical in decision-making under budget constraints by illustrating financial outcomes.
Answer :
  • The PMI Code of Ethics and Professional Conduct

Explanation :

The PMI Code of Ethics and Professional Conduct provides guidelines for ethical behavior and decision-making in project management, crucial for maintaining integrity and professionalism in challenging situations.
Answer :
  • Communications Management Plan

Explanation :

The Communications Management Plan outlines how project communication will be managed and disseminated. It ensures stakeholders are informed and engaged, fostering clarity and alignment with project objectives.
Answer :
  • Monitor and Control Project Work

Explanation :

Monitoring and Controlling Project Work involves tracking, reviewing, and regulating the progress to meet the performance objectives defined in the project management plan, which includes stakeholder feedback.