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NEW QUESTION # 651
Which group is formally chartered and responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating decisions?
- A. Project team
- B. Focus group
- C. Change control board
- D. Project stakeholders
Answer: C
NEW QUESTION # 652
A construction project team has just had an inevitable delay due to a natural calamity. What should the project manager do next?
- A. Use expert judgment
- B. Consult the project management plan
- C. Consult the risk register
- D. Use organizational process assets
Answer: C
Explanation:
Section: Volume E
NEW QUESTION # 653
A project manager is preparing to meet with three crucial project stakeholders on a new project. Which tools and techniques can the project manager use to capture stakeholder interest?
- A. Review stakeholder register and meeting
- B. Data gathering and data analysis
- C. Communication skills and cultural awareness
- D. Data analysis and communication skills
Answer: C
Explanation:
Explanation/Reference:
NEW QUESTION # 654
The project manager and the project team are having a meeting with the purpose of identifying risks.
Which tools and techniques might help in this process?
- A. Data analysis and risk audits
- B. Reports and representations of uncertainty
- C. Prompt lists and data analysis
- D. Interpersonal and team skills and project management information system
Answer: B
NEW QUESTION # 655
A community project with a large number of stakeholders is scheduled for delivery in six months. The project manager asked the business analyst to ensure effective requirements elicitation. What should the business analyst do?
- A. Organize a workshop with the sponsor and major stakeholders.
- B. Ask the project coordinator to facilitate some of the workshops.
- C. Engage a consultant that is familiar with the community needs.
- D. Invite both internal and external stakeholders to the workshops.
Answer: D
NEW QUESTION # 656
An issue log is an input to which Project Human Resource Management process?
- A. Develop Project Team
- B. Manage Project Team
- C. Plan Human Resource Management
- D. Acquire Project Team
Answer: B
NEW QUESTION # 657
Funding limit reconciliation is a tool and technique used in which process?
- A. Control Budget
- B. Control Costs
- C. Estimate Costs
- D. Determine Budget
Answer: D
Explanation:
Explanation/Reference:
Explanation:
7.3.2.5 Funding Limit Reconciliation
The expenditure of funds should be reconciled with any funding limits on the commitment of funds for the project.
A variance between the funding limits and the planned expenditures will sometimes necessitate the rescheduling of work to level out the rate of expenditures. This is accomplished by placing imposed date constraints for work into the project schedule.
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates
NEW QUESTION # 658
Which of the following buffers protects the target finish date from slippage along the critical chain?
- A. Critical buffer
- B. Project buffer
- C. Feeding buffer
- D. Duration buffer
Answer: B
Explanation:
Explanation/Reference:
Explanation:
6.6.2.3 Critical Chain Method
The critical chain method (CCM) is a schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. It is developed from the critical path method approach and considers the effects of resource allocation, resource optimization, resource leveling, and activity duration uncertainty on the critical path determined using the critical path method. To do so, the critical chain method introduces the concept of buffers and buffer management. The critical chain method uses activities with durations that do not include safety margins, logical relationships, and resource availability with statistically determined buffers composed of the aggregated safety margins of activities at specified points on the project schedule path to account for limited resources and project uncertainties. The resource-constrained critical path is known as the critical chain.
The critical chain method adds duration buffers that are non-work schedule activities to manage uncertainty.
One buffer, placed at the end of the critical chain, as shown in Figure 6-19, is known as the project buffer and protects the target finish date from slippage along the critical chain. Additional buffers, known as feeding buffers, are placed at each point where a chain of dependent activities that are not on the critical chain feeds into the critical chain. Feeding buffers thus protect the critical chain from slippage along the feeding chains. The size of each buffer should account for the uncertainty in the duration of the chain of dependent activities leading up to that buffer. Once the buffer schedule activities are determined, the planned activities are scheduled to their latest possible planned start and finish dates. Consequently, instead of managing the total float of network paths, the critical chain method focuses on managing the remaining buffer durations against the remaining durations of chains of activities.
Figure 6-19. Example of Critical Chain Method
NEW QUESTION # 659
A project using the agile/adaptive approach has reached the Project Integration Management phase.
What
is the project manager's key responsibility during this phase?
- A. Directing the delivery of the project
- B. Creating a detailed project management plan
- C. Defining the scope of the project
- D. Building a collaborative environment
Answer: D
NEW QUESTION # 660
The total of the planned value (PV) is also known as:
- A. schedule target.
- B. work breakdown structure (WBS).
- C. earned value baseline.
- D. performance measurement baseline (PMB).
Answer: D
NEW QUESTION # 661
A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables is called a:
- A. tornado diagram
- B. fishbone diagram
- C. beta distribution
- D. triangular distribution
Answer: A
NEW QUESTION # 662
Quality metrics are an output of which process?
- A. Perform Quality Control
- B. Perform Quality Assurance
- C. Plan Quality Management
- D. Perform Qualitative Risk Analysis
Answer: C
Explanation:
Explanation/Reference:
Explanation:
8.1.3.3 Quality Metrics
A quality metric specifically describes a project or product attribute and how the control quality process will measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes. Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage.
Process: 8.1 Plan Quality Management
Definition: The process of identifying quality requirements and/or standards for the project and its deliverables, and documenting how the project will demonstrate compliance with relevant quality requirements and/or standards.
Key Benefit: The key benefit of this process is that it provides guidance and direction on how quality will be managed and validated throughout the project.
Inputs
1. Project management plan
2. Stakeholder register
3. Risk register
4. Requirements documentation
5. Enterprise environmental factors
6. Organizational process assets
Tools & Techniques
1. Cost-benefit analysis
2. Cost of quality
3. Seven basic quality tools
4. Benchmarking
5. Design of experiments
6. Statistical sampling
7. Additional quality planning tools
8. Meetings
Outputs
1. Quality management plan
2. Process improvement plan
3. Quality metrics
4. Quality checklists
5. Project documents updates
NEW QUESTION # 663
Which of the following is a conflict resolution technique that emphasizes areas of agreement rather than areas of difference?
- A. Collaborating
- B. Compromising
- C. Problem Solving
- D. Smoothing
Answer: D
Explanation:
Explanation/Reference:
Explanation:
There are five general techniques for resolving conflict. As each one has its place and use, these are not given in any particular order:
Withdraw/Avoid. Retreating from an actual or potential conflict situation; postponing the issue to be
better prepared or to be resolved by others.
Smooth/Accommodate. Emphasizing areas of agreement rather than areas of difference; conceding
one's position to the needs of others to maintain harmony and relationships.
Compromise/Reconcile. Searching for solutions that bring some degree of satisfaction to all parties in
order to temporarily or partially resolve the conflict.
Force/Direct. Pushing one's viewpoint at the expense of others; offering only win-lose solutions, usually
enforced through a power position to resolve an emergency.
Collaborate/Problem Solve. Incorporating multiple viewpoints and insights from differing perspectives;
requires a cooperative attitude and open dialogue that typically leads to consensus and commitment.
NEW QUESTION # 664
While preparing the project management plan on a weekly basis, the project manager indicates the intention to provide an issues report to the staff via e-mail. In which part of the plan will this type of information be included?
- A. Communications management plan
- B. Quality management plan
- C. Procurement management plan
- D. Human resource plan
Answer: A
Explanation:
Section: Volume E
Explanation:
10.1.3.1 Communications Management Plan
The communications management plan is a component of the project management plan that describes how project communications will be planned, structured, monitored, and controlled. The plan contains the following information:
Stakeholder communication requirements;
Information to be communicated, including language, format, content, and level of detail;
Reason for the distribution of that information;
Time frame and frequency for the distribution of required information and receipt of acknowledgment or
response, if applicable;
Person responsible for communicating the information;
Person responsible for authorizing release of confidentialrefining information;
Person or groups who will receive the information;
Methods or technologies used to convey the information, such as memos, e-mail, and/or press releases;
Resources allocated for communication activities, including time and budget;
Escalation process identifying time frames and the management chain (names) for escalation of issues that
cannot be resolved at a lower staff level;
Method for updating and refining the communications management plan as the project progresses and
develops;
Glossary of common terminology;
Flow charts of the information flow in the project, workflows with possible sequence of authorization, list of
reports, and meeting plans, etc.; and
Communication constraints usually derived from a specific legislation or regulation, technology, and
organizational policies, etc.
The communications management plan can also include guidelines and templates for project status meetings, project team meetings, e-meetings, and e-mail messages. The use of a project website and project management software can also be included if these are to be used in the project.
NEW QUESTION # 665
The following is a network diagram for a project.
The total float for the project is how many days?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 666
The process of prioritizing risks for further analysis or action is known as:
- A. Perform Quantitative Risk Analysis.
- B. Plan Risk Management.
- C. Plan Risk Responses.
- D. Perform Qualitative Risk Analysis.
Answer: D
Explanation:
Section: Volume A
Explanation:
Process: 11.3 Perform Qualitative Risk Analysis
Definition: The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Key Benefit: The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks.
Inputs
1. Risk management plan
2. Scope baseline
3. Risk register
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Risk probability and impact assessment
2. Probability and impact matrix
3. Risk data quality assessment
4. Risk categorization
5. Risk urgency assessment
6. Expert judgment
Outputs
1. Project documents updates
NEW QUESTION # 667
Which action should the project manager take after the team finishes executing the scope?
- A. Accept all the deliverables and deliver them to the customer for final acceptance.
- B. Conduct a joint session with the customer, change the deliverables, and then request approval.
- C. Verify the deliverables to ensure that they are correct and meet the customer's satisfaction.
- D. Check that all change requests were implemented and release deliverables to the customer.
Answer: C
NEW QUESTION # 668
The following is a network diagram for a project.
What is the critical path for the project?
- A. A-C-E-G
- B. A-C-F-G
- C. A-B-E-G
- D. A-B-D-G
Answer: B
NEW QUESTION # 669
A project manager is reviewing the change requests for project documents, deliverables, and the project plan.
In which project management process does this review belong?
- A. Monitor and Control Project Work
- B. Perform Integrated Change Control
- C. Direct and Manage Project Work
- D. Close Project or Phase
Answer: A
Explanation:
Section: Volume E
Explanation/Reference: https://www.brighthubpm.com/project-planning/1675-looking-at-project-monitor-and-control/
NEW QUESTION # 670
Scope verification is PRIMARILY concerned with which of the following?
- A. Acceptance of the work deliverables.
- B. Approval of the scope statement.
- C. Accuracy of the work deliverables.
- D. Accuracy of the work breakdown structure.
Answer: A
Explanation:
Section: Volume E
Explanation:
Scope verification is not referenced by PMBOK v5
NEW QUESTION # 671
As part of a mid-project evaluation, the project sponsor has asked for a forecast of the total project cost.
What should be used to calculate the forecast?
- A. EAC
- B. BAC
- C. WBS
- D. ETC
Answer: A
NEW QUESTION # 672
Due to today's competitive global market, organizations require more than technical project management skills. Which of the following skills can support long-range strategic objectives that contribute to the bottom line?
- A. Strategic and business management skills
- B. Communication and time management skills
- C. Business intelligence and leadership skills
- D. Planning and risk management skills
Answer: C
NEW QUESTION # 673
Which Plan Schedule Management tool or technique may involve choosing strategic options to estimate and schedule the project?
- A. Variance analysis
- B. Expert judgment
- C. Analytical techniques
- D. Facilitation techniques
Answer: C
Explanation:
Section: Volume A
Explanation:
4.4.2.2 Analytical Techniques
Analytical techniques are applied in project management to forecast potential outcomes based on possible variations of project or environmental variables and their relationships with other variables. Examples of analytical techniques used in projects are:
Regression analysis,
Grouping methods,
Causal analysis,
Root cause analysis,
Forecasting methods (e.g., time series, scenario building, simulation, etc.),
Failure mode and effect analysis (FMEA),
Fault tree analysis (FTA),
Reserve analysis,
Trend analysis,
Earned value management, and
Variance analysis.
Process: 6.1 Plan Schedule Management
Definition: The process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.
Key Benefit: The key benefit of this process is that it provides guidance and direction on how the project schedule will be managed throughout the project.
Inputs
1. Project management plan
2. Project charter
3. Enterprise environmental factors
4. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analytical techniques
3. Meetings
Outputs
1. Schedule management plan
NEW QUESTION # 674
Which knowledge area employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information?
- A. Project Communications Management
- B. Project Quality Management
- C. Project Integration Management
- D. Project Risk Management
Answer: A
NEW QUESTION # 675
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The CAPM exam consists of 150 multiple-choice questions, which must be completed within three hours. CAPM exam questions are based on the globally recognized standard for project management, the PMBOK® Guide (Project Management Body of Knowledge), which is published by PMI. CAPM exam covers different areas of project management such as integration, scope, time, cost, quality, risk, procurement, communication, and stakeholder management.
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