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PMI Certification
CAPM Exam
PMI.CAPM.v2022-06-11.q902 Dumps

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Question 721

Which process develops options and actions to enhance opportunities and reduce threats to project objectives?

A.Identify Risks
B.Control Risks
C.Plan Risk Management
D.Plan Risk Responses

Correct Answer: D

Section: Volume A
Explanation:
Process: 11.5 Plan Risk Responses
Definition: The process of developing options and actions to enhance opportunities and to reduce threats to project objectives.
Key Benefit: The key benefit of this process is that it addresses the risks by their priority, inserting resources and activities into the budget, schedule and project management plan as needed.
Inputs
1. Risk management plan
2. Risk register
Tools & Techniques
1. Strategies for negative risks or threats
2. Strategies for positive risks or opportunities
3. Contingent response strategies
4. Expert judgment
Outputs
1. Project management plan updates
2. Project documents updates

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Question 722

Which knowledge area employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information?

A.Project Risk Management
B.Project Integration Management
C.Project Communications Management
D.Project Quality Management

Correct Answer: C

Section: Volume E
Explanation:
PROJECT COMMUNICATIONS MANAGEMENT
Project Communications Management includes the processes that are required to ensure timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring, and the ultimate disposition of project information. Project managers spend most of their time communicating with team members and other project stakeholders, whether they are internal (at all organizational levels) or external to the organization.
Effective communication creates a bridge between diverse stakeholders who may have different cultural and organizational backgrounds, different levels of expertise, and different perspectives and interests, which impact or have an influence upon the project execution or outcome.

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Question 723

Funding limit reconciliation is a tool and technique of which Project Cost Management process?

A.Plan Cost Management
B.Control Costs
C.Determine Budget
D.Estimate Costs

Correct Answer: C

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Question 724

Which tool or technique is used in the Estimate Costs process?

A.Acquisition
B.Earned value management
C.Vendor bid analysis
D.Forecasting

Correct Answer: C

Explanation/Reference:
Explanation:
7.2.2.9 Vendor Bid Analysis
Cost estimating methods may include analysis of what the project should cost, based on the responsive bids from qualified vendors. When projects are awarded to a vendor under competitive processes, additional cost estimating work may be required of the project team to examine the price of individual deliverables and to derive a cost that supports the final total project cost.
Process: 7.2 Estimate Costs
Definition: The process of developing an approximation of the monetary resources needed to complete project activities.
Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.
Inputs
1. Cost management plan
2. Human resource management plan
3. Scope baseline
4. Project schedule
5. Risk register
6. Enterprise environmental factors
7. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Bottom-up estimating
5. Three-point estimating
6. Reserve analysis
7. Cost of quality
8. Project management software
9. Vendor bid analysis
10.Group decision-making techniques
Outputs
1. Activity cost estimates
2. Basis of estimates
3. Project documents updates

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Question 725

In a construction project schedule, what is the logical relationship between the delivery of the concrete materials and the pouring of concrete?

A.Start-to-finish (SF)
B.Finish-to-start (FS)
C.Start-to-start (SS)
D.Rnish-to-finish (FF)

Correct Answer: B

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