CAPM Premium Exam Questions

Certified Associate in Project Management (CAPM) Questions and Answers

Question 37

The purpose of developing a project scope management plan is to:

Options:

Manage the timely completion of the project.

Ensure that the project includes all of the work required.

Make sure the project will satisfy the needs for which it was begun.

Reduce the risk of negative events in the project.

Question 38

A project requires a component with well-understood specifications. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller's performance. The most appropriate agreement with the supplier is:

Options:

Cost Plus Incentive Fee (CPIF).

Fixed Price Incentive Fee (FPIF).

Cost Plus Award Fee (CPAF).

Fixed Price with Economic Price Adjustment (FP-EPA).

Question 39

The process of monitoring the status of the project and product scope as well as managing the changes to the scope baseline is known as:

Options:

Validate Scope.

Plan Scope Management.

Control Scope.

Define Scope.

Question 40

Which output is the approved version of the time-phased project budget?

Options:

Resource calendar

Scope baseline

Trend analysis

Cost baseline

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Certified Associate in Project Management (CAPM) Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce