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Download Certified Associate in Project Management (CAPM) Exam Dumps
NEW QUESTION 48
Who is responsible for developing the project management plan and all related component plans?
- A. Project team
- B. Portfolio manager
- C. Project management office
- D. Project manager
Answer: D
Explanation:
Explanation/Reference:
Explanation:
4.2.3.1 Project Management Plan
The project management plan is the document that describes how the project will be executed, monitored, and controlled. It integrates and consolidates all of the subsidiary plans and baselines from the planning processes.
Project baselines include, but are not limited to:
Scope baseline (Section 5.4.3.1),
Schedule baseline (Section 6.6.3.1), and
Cost baseline (Section 7.3.3.1).
Subsidiary plans include, but are not limited to:
Scope management plan (Section 5.1.3.1),
Requirements management plan (Section 5.1.3.2),
Schedule management plan (Section 6.1.3.1),
Cost management plan (Section 7.1.3.1),
Quality management plan (Section 8.1.3.1),
Process improvement plan (Section 8.1.3.2),
Human resource management plan (Section 9.1.3.1),
Communications management plan (Section 10.1.3.1),
Risk management plan (Section 11.1.3.1),
Procurement management plan (Section 12.1.3.1), and
Stakeholder management plan (Section 13.2.3.1).
Among other things, the project management plan may also include the following:
Life cycle selected for the project and the processes that will be applied to each phase;
Details of the tailoring decisions specified by the project management team as follows:
○ Project management processes selected by the project management team,
○ Level of implementation for each selected process,
○ Descriptions of the tools and techniques to be used for accomplishing those processes, and
○ Description of how the selected processes will be used to manage the specific project, including the dependencies and interactions among those processes and the essential inputs and outputs.
Description of how work will be executed to accomplish the project objectives;
Change management plan that documents how changes will be monitored and controlled;
Configuration management plan that documents how Configuration management will be performed;
Description of how the integrity of the project baselines will be maintained;
Requirements and techniques for communication among stakeholders; and
Key management reviews for content, the extent of, and timing to address, open issues and pending
decisions.
The project management plan may be either summary level or detailed, and may be composed of one or more subsidiary plans. Each of the subsidiary plans is detailed to the extent required by the specific project. Once the project management plan is baselined, it may only be changed when a change request is generated and approved through the Perform Integrated Change Control process.
NEW QUESTION 49
What is Project Portfolio Management?
- A. Management of a project by utilizing a portfolio of general management skills, such as planning, organizing, staffing, executing and controlling.
- B. Management of a project by dividing the project into more manageable sub- projects.
- C. Management of all projects undertaken by a company.
- D. Management of a collection of projects that are grouped together to facilitate effective management and meet strategic business objectives.
Answer: D
Explanation:
Section: Volume E
Explanation:
1.4.2 Portfolio Management
A portfolio refers to projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives. The projects or programs of the portfolio may not necessarily be interdependent or directly related.
For example, an infrastructure firm that has the strategic objective of "maximizing the return on its investments" may put together a portfolio that includes a mix of projects in oil and gas, power, water, roads, rail, and airports.
From this mix, the firm may choose to manage related projects as one program. All of the power projects may be grouped together as a power program. Similarly, all of the water projects may be grouped together as a water program.
Thus, the power program and the water program become integral components of the enterprise portfolio of the infrastructure firm.
NEW QUESTION 50
The traditional organization chart structure that can be used to show positions and relationships in a graphic top-down format is called a:
- A. Responsible, accountable, consult, and inform (RACI) chart.
- B. Hierarchical-type chart.
- C. Human resource chart.
- D. Matrix-based chart.
Answer: B
Explanation:
Section: Volume E
Explanation/Reference:
NEW QUESTION 51
Where are product requirements and characteristics documented?
- A. Communications management plan
- B. Product scope description
- C. Project charter
- D. Preliminary project scope statement
Answer: B
Explanation:
Section: Volume E
Explanation:
Product scope description. The product scope description documents the characteristics of the product, service, or results that the project will be undertaken to create. The description should also document the relationship between the products, services, or results being created and the business need that the project will address.
NEW QUESTION 52
Which is an example of an internal enterprise environmental factor?
- A. Industry research
- B. Factory location
- C. Local government regulation
- D. Market share brand recognition
Answer: C
Explanation:
Section: Volume E
Explanation/Reference: https://pmstudycircle.com/2012/01/enterprise-environmental-factors-organizational-process-assets/
NEW QUESTION 53
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