CAPM Practice Test

Which action is included in the Control Costs process?

A.

Identify how the project costs will be planned, structured, and controlled

B.

Determine policies, objectives, and responsibilities to satisfy stakeholder needs

C.

Develop an approximation of the monetary resources needed to complete project activities

D.

Monitor cost performance to isolate and understand variances from the approved cost baseline

What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is
moderate (0.20)?

A.

0.03

B.

0.06

C.

0.10

D.

0.50

A complete set of concepts, terms, and activities that make up an area of specialization is known
as:

A.

a Knowledge Area

B.

a Process Group

C.

program management

D.

 portfolio management

The risk response strategy in which the project team acts to reduce the probability of occurrence
or impact of a risk is known as:

A.

exploit

B.

avoid

C.

mitigate

D.

share

Which process is conducted from project inception through completion and is ultimately the
responsibility of the project manager?

A.

Control Quality

B.

Monitor and Control Project Work

C.

Control Scope

D.

Perform Integrated Change Control