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CAPM Exam 1 QUESTIONS & ANSWERS 100% CORRECT
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You are a project manager for your company and are helping management choose a project. You've been presented with the following information: Project 1 has a net present value of $25,000 and will take five years to complete. Project 2 has a net present value of $45,000 and will take two years to co...

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  • February 28, 2025
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • capm exam 1
  • capm exam 1 questions answers 100 correct
  • you are a project manager for your company and are
  • you are the project manager for your organization

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CAPM Exam 1 QUESTIONS &
ANSWERS 100% CORRECT
You are a project manager for your company and are helping management choose a
project. You've been presented with the following information: Project 1 has a net
present value of $25,000 and will take five years to complete. Project 2 has a net
present value of $45,000 and will take two years to complete. Project 3 has a net
present value of $33,500 and will take six years to complete. Which project should
your company choose to complete? - ANSWERProject 2 - High NPV, low time

You are the project manager for your organization and you're working with
management to determine the best project for your company. Beth, a manager, has
suggested using linear programming to help determine the best project. Linear
programming is an example of which project selection method? -
ANSWERConstrained optimization
June is managing a project which was slated to last one year. The project is now
entering its third year. Of the following, which statement is most applicable to this
situation? - ANSWERThe project scope has not been properly identified.

You are an IT project manager for your company and are currently defining the
scope for a new project. The CIO defines project success as "implementation of
standard technical components." The project sponsor, on the other hand, defines
project success as "achieving excellence in technology," while the project customer
defines project success as "the presence of sales-promoting features." What should
you do as the project manager? - ANSWERTalk with stakeholders to define the
project objectives in measurable metrics

Yolanda is the project manager of the newly initiated P4 Project for her company.
She's working with the project team and the key stakeholders to review the project
requirements and prep for the project scope creation. All of the following documents
are needed to define the project scope except for which one? - ANSWERThe Quality
Management Plan

You are the project manager of the PHG project. You and your project team need to
verify a project assumption. Which one of the following can most help with this
process? - ANSWERHistorical Information

You are the project manager for your organization. You have just been assigned a
new project with a predetermined budget of $250,000. This is an example of which
one of the following? - ANSWERConstraint

You have just taken over a failing project. In your initial review of the project
schedule, you realize the previous project manager has made no exceptions for
travel delays. This is an example of which one of the following? -
ANSWERAssumption

, You are the project manager for your organization. The ART project, which you have
been working on for the last two months, has a very strict cost constraint, high
requirements for quality, and must be completed within the next eight months. If the
project exceeds its budget by more than 1 percent, management will deem the
project a failure. Changes to your project have caused the project costs to increase
slightly, thereby expanding the project schedule by two weeks. Of the following,
which control mechanism is the most important in this project? - ANSWERCost
Control

A new project is forming to create a new warehouse. The warehouse plans call for
completion within one year if the expected resources are available. Management
requires the in-house development team on this project. The project manager and
the project sponsor, however, feel the available resources are committed to too
many other projects and won't have adequate availability to the new project.
Because of all this, additional time will be needed in developing which one of the
following? - ANSWERA resource-limited schedule

You are the project manager of the NHQA Project for your company and you're
working with the functional managers to define all of the needed resources on your
construction project. All of the following are resources except for which one? -
ANSWERTime

Henry is the project manager of the GHY Project for his company. He's working with
the project team to develop a robust project plan for the project. Bethanne, one of
the project team members, doesn't understand why so much time is needed for the
project plan and wants to get to work on the project more quickly. Harold should
explain that the project plan is used for all except one of the following. Which one
isn't it used for? - ANSWERCreating methods to assign project resources to
stakeholders

There are many things you'll need to plan for in project management, but you'll
always need to address the Triple Constraints of Project Management. What are the
Triple Constraints of Project Management? - ANSWERTime, Cost, and Scope

You must have an engineer on your project for the entire second phase. If you do not
have an engineer available, the project will fail. The demand for the engineer can
best be described as what? - ANSWERA Constraint

You and your project team are executing a plan to install a new piece of software for
every computer within your organization. Your project team has discovered that not
all of the computers within the organization can run the new software the way they
had hoped. This is an example of which one of the following? - ANSWERAssumption

Your project is to build a bridge in your city. The project must be completed by
December 1 or your company will have to pay $10,000 a day in fines. This is an
example of which one of the following? - ANSWERA Schedule Constraint

You are the project manager of the AAA project, which requires different skills by
different team members at various times throughout the project. Which of the

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