Pearson CAPM New Attempt

Certified Associate in Project Management (CAPM) Questions and Answers

Question 25

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

0.03

0.06

0.10

0.50

Question 26

Which action is included in the Control Costs process?

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

Determine policies, objectives, and responsibilities to satisfy stakeholder needs

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

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

Question 27

The process of obtaining seller responses, selecting a seller, and awarding a contract is called:

Close Procurements.

Control Procurements.

Plan Procurements.

Conduct Procurements.

Question 28

A project manager should communicate to stakeholders about resolved project issues by updating the: