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PMI-002 Certified Associate in Project Management (CAPM) Certification is now Stable and With Pass Result | Test Your Knowledge for Free

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PMI-002 Practice Questions

Certified Associate in Project Management (CAPM) Certification

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Total Questions : 748

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Question # 61

Which of the following is NOT considered a cost of non-conformance to quality?

Options:

A.  

Scrap

B.  

Rework

C.  

Liabilities

D.  

Training

Discussion 0
Question # 62

The practice of ceasing mass inspections and ending awards based on price is credited to which of the following:

Options:

A.  

Edward Deming

B.  

Philip Crosby

C.  

Juran

D.  

Pareto

Discussion 0
Question # 63

A contingency plan is ________.

Options:

A.  

A planned response that defines the steps to be taken, if an identified risk event should occur

B.  

A workaround

C.  

A reserve used to allow for future situations which may be planned for only in part

D.  

All of the above

Discussion 0
Question # 64

The concept of making a giant leap forward followed by a period of maturity is called _________.

Options:

A.  

Innovation

B.  

Continuous improvement

C.  

Just in time

D.  

Paradigm

Discussion 0
Question # 65

Project management processes can be organized into the following:

Options:

A.  

Initiating, planning, contracting, executing, and administration

B.  

Designing, developing, testing, and implementing

C.  

Initiating, designing, planning, executing, controlling, and implementation

D.  

Initiating, planning, executing, controlling, and closing

Discussion 0
Question # 66

The seller delivers a fixed price plus incentive fee project at a cost of $90,000. The terms of the contract are a ceiling price of $120,000, a target cost of $ 100,000, a target profit of $10,000, and a target price of $110,000. The share ratio is 70/30. The final price (your total reimbursement) is _________.

Options:

A.  

$93,000

B.  

$96,000

C.  

$97,000

D.  

None of the above

Discussion 0
Question # 67

Project initiation is all of the following except:

Options:

A.  

A process of formally recognizing that a new project exists

B.  

A process of formally recognizing that an existing project should continue into its next phase

C.  

It links the project to the ongoing work of the performing organization

D.  

Its inputs are product description, strategic plan, constraints, and assumptions

Discussion 0
Question # 68

The project manager should be assigned ___________ as an output from the Initiation process.

Options:

A.  

Once a budget has been approved

B.  

As early in the project as is feasible

C.  

After the stakeholders have approved the assignment

D.  

As soon as the project plan is ready to be executed

Discussion 0
Question # 69

Which of the following contract types places the greatest risk on the seller?

Options:

A.  

Cost-plus-fixed-fee contract

B.  

Cost-plus-incentive-fee contract

C.  

Fixed-price-incentive fee contract

D.  

Firm-fixed-price contract

Discussion 0
Question # 70

A document which describes how project scope will be managed and how scope changes will be integrated into the project is: (choose the best answer)

Options:

A.  

A project plan

B.  

A risk analysis

C.  

A scope management plan

D.  

A scope statement

Discussion 0
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