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Capital Asset Pricing Model (CAPM) Exam Secrets Study Guide, Exams of Business Economics

New York Institute of Technology (NYIT) - New YorkBusiness Economics

A series of questions related to project management and the PMBOK guide. It covers topics such as project planning, cost estimation, risk management, communication methods, quality planning, and procurement. The questions are multiple-choice and provide the correct answer along with the corresponding reference in the PMBOK guide. likely intended as a study guide for individuals preparing for the CAPM exam.

Typology: Exams

2023/2024

Available from 10/06/2023

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CAPM Exam Secrets Study Guide
A. Assumptions
CM 4.7.2 PMBOK 5.3.3.1 -
Project planning is ongoing as the team analyzes how long it will take to process both a new order and
a change order through the new call center. This analysis helps them determine how many employees
must be working in the car center based on anticipated customer volume. This is an example of what?
A. Determine budget CM 7.13; PMBOK 7.3 -
The project manager and her team are involved in establishing the cost of the project and applying
them to the schedule in order to determine when these cost will occur. During the project during which
process does this occur?
D. initiating, planning, executing, monitoring and controlling, closing (IPEM&CC) CM 3.3.1; PMBOK
1.5.1 -
During project performance, the team will focus on the Project Life Cycle and the project
management life cycle. What are the five phases of a project management life cycle (PMLC)?
A. Risk Seeker CM 11.2.7; PMBOK 11 INTRO -
The project manager is considering quitting his job to develop a book and supporting products for the
project management professional exam, and idea he created outside his job. If it sells well, he plans to
start his own company and sell the products full-time. What characteristics is he showing towards risk?
D. all of the above (Interactive, Push, Pull) CM 10.3.5; PMBOK 10.1.2.4 -
Which of the following communication methods should be applied to managing project engagement?
B. Analogous estimating CM 6.4.2; PMBOK 7.2.2.2 -
The planning is progressing on schedule for the hotel renovation project. The project manager and the
team are ready to begin estimating cost. Since the customer needs an estimate as soon as possible, what
estimating methods should the team use?
C. Sunk Cost CM 7.5; PMBOK NO REF -
You are a project manager assigned to a project that has spent $4,000,000. The original budget was
$1,500,000. Senior Management is considering stopping this project. What term describes the
$1,500,000 that has been spent so far?
D. All of the above (A duration of zero, the competition of a major event in the project, the completion
of major deliverables) CM 6.2/6.6.15 PMBOK 6.6.3.2 -
The project manager is having a team meeting and explaining to the team the upcoming Milestones
that are due. What are the characteristics of a milestone?
B. $10,000.00 CM 7.6.1; Calculating Standard Depreciation use begining value of asset subtracted by
ending value then divide by the # of years. -
A new tape backup server has just been purchased for backing up the company's development and
release software. The tape backup server cost $50,000 and it's necessary to upgrade the local area
network with an ethernet switch, which has a cost of $10,000. The project manager is told that she
needs to set up a depreciation schedule for the tape backup server over a five-year period with a value
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CAPM Exam Secrets Study Guide

A. Assumptions CM 4.7.2 PMBOK 5.3.3.1 - Project planning is ongoing as the team analyzes how long it will take to process both a new order and a change order through the new call center. This analysis helps them determine how many employees must be working in the car center based on anticipated customer volume. This is an example of what? A. Determine budget CM 7.13; PMBOK 7.3 - The project manager and her team are involved in establishing the cost of the project and applying them to the schedule in order to determine when these cost will occur. During the project during which process does this occur? D. initiating, planning, executing, monitoring and controlling, closing (IPEM&CC) CM 3.3.1; PMBOK 1.5.1 - During project performance, the team will focus on the Project Life Cycle and the project management life cycle. What are the five phases of a project management life cycle (PMLC)? A. Risk Seeker CM 11.2.7; PMBOK 11 INTRO - The project manager is considering quitting his job to develop a book and supporting products for the project management professional exam, and idea he created outside his job. If it sells well, he plans to start his own company and sell the products full-time. What characteristics is he showing towards risk? D. all of the above (Interactive, Push, Pull) CM 10.3.5; PMBOK 10.1.2.4 - Which of the following communication methods should be applied to managing project engagement? B. Analogous estimating CM 6.4.2; PMBOK 7.2.2.2 - The planning is progressing on schedule for the hotel renovation project. The project manager and the team are ready to begin estimating cost. Since the customer needs an estimate as soon as possible, what estimating methods should the team use? C. Sunk Cost CM 7.5; PMBOK NO REF - You are a project manager assigned to a project that has spent $4,000,000. The original budget was $1,500,000. Senior Management is considering stopping this project. What term describes the $1,500,000 that has been spent so far? D. All of the above (A duration of zero, the competition of a major event in the project, the completion of major deliverables) CM 6.2/6.6.15 PMBOK 6.6.3.2 - The project manager is having a team meeting and explaining to the team the upcoming Milestones that are due. What are the characteristics of a milestone? B. $10,000.00 CM 7.6.1; Calculating Standard Depreciation use begining value of asset subtracted by ending value then divide by the # of years. - A new tape backup server has just been purchased for backing up the company's development and release software. The tape backup server cost $50,000 and it's necessary to upgrade the local area network with an ethernet switch, which has a cost of $10,000. The project manager is told that she needs to set up a depreciation schedule for the tape backup server over a five-year period with a value

of $0 at the end of this period. She will use standard depreciation in the calculation. What is the amount per year the server will depreciate? A. 95.46% CM 8.8.10; PMBOK chap 8 (95.46% = 2 sigma, 68.26% = 1 sigma, 99.73% = 3 sigma) - You are doing quality planning on a project the project Charter designates that the quality standard for the project is +/- 2 Sigma. This translates to what percentage? A. Lessons Learned CM 4.11.3; PMBOK GLOSSARY - The team has just completed the process of evaluating the success of data-cleansing project. The team members analyze how the approach to planning and executing the project work. They documented how the sponsor and Senior Management supported the project? As well as the conflicts that were generated by three functional managers. What have they just completed? D. Slack CM 6.6.4; PMBOK 6.6.2.2 - Flexability with an activity on a network diagram is also known as what? B. Control SCOPE CM 5.6; PMBOK 5.6 - The project manager is working with the customer to gain formal acceptance of the documentation deliverables for a software project. The customer is saying that the delieverables are unusable in their present form because they don't align with the project requirements. Upon reviewing documentation, the customer tells the project manager that the requirements are not accurate and do not meet the intended needs of the project. Which of the following will help fix this problem? B. Malow's Hierarchy CM 5.6; PMBOK 5.6 - A project manager studying different motivation theories is impressed with one Theory which states that that people are not motivated by money but by self-actualization. What theory and practice the project manager? D. The identification of social work packages that can be created outside the WBS, but within the project CM 5.4; PMBOK 5.4 - The team has had five meetings to decompose the work of the aircraft carrier project. They are making progress and in a few more meetings should have all the decomposition complete for the multi- year project. All of the following are benefits of using a WBS except... C. Conduct procurement CM 12.2; PMBOK 12.2 - A project will be using a company to provide technicians for a distribution center project. Presently, the project manager is in the contract negotiation with a bender and the negotiations are going smoothly. What process is the project manager involved? B. Acquiring organization CM 12.1.5; - As the buyer involved in creating the request for proposal (RFP) for an infrastructure project, it will provide the RFP to sellers of products or Services. All of the following are alternative names for a seller except... A. Mandatory Dependency CM 6.3.1; PMBOK 6.3.2.2 - Crosswinds Custom Homes is building a customer's Dreamhouse; however, rain has delayed the finish by 3 weeks. The schedule shows that the next task is the installation of the windows followed by the installation of outside siding. This is an example of what?