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PMI Certification
CAPM Exam
PMI.CAPM.v2023-03-22.q790 Dumps

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Question 551

Which is the Define Scope technique used to generate different approaches to execute and perform the work of the project?

A.Build vs. buy
B.Expert judgment
C.Alternatives identification
D.Product analysis

Correct Answer: C

Explanation/Reference:
Explanation:
Process: 5.3 Define Scope
Definition: The process of developing a detailed description of the project and product.
Key Benefit: The key benefit of this process is that it describes the product, service, or result boundaries by defining which of the requirements collected will be included in and excluded from the project scope.
Inputs
1. Scope management plan
2. Project charter
3. Requirements documentation
4. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Product analysis
3. Alternatives generation
4. Facilitated workshops
Outputs
1. Project scope statement
2. Project documents updates

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Question 552

Payback period, return on investment, internal rate of return, discounted cash flow, and net present value are all examples of:

A.Expert judgment.
B.Analytical techniques.
C.Earned value management.
D.Group decision-making techniques.

Correct Answer: B

Explanation/Reference:
Explanation:
7.1.2.2 Analytical Techniques
Developing the cost management plan may involve choosing strategic options to fund the project such as:
self-funding, funding with equity, or funding with debt. The cost management plan may also detail ways to finance project resources such as making, purchasing, renting, or leasing. These decisions, like other financial decisions affecting the project, may affect project schedule and/or risks.
Organizational policies and procedures may influence which financial techniques are employed in these decisions. Techniques may include (but are not limited to): payback period, return on investment, internal rate of return, discounted cash flow, and net present value.

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Question 553

Which of the following tools or techniques is used for Estimate Activity Durations?

A.Critical path method
B.Rolling wave planning
C.Precedence diagramming method
D.Parametric estimating

Correct Answer: D

Section: Volume C
Explanation:
7.2.2.3 Parametric Estimating
Parametric estimating uses a statistical relationship between relevant historical data and other variables (e.g., square footage in construction) to calculate a cost estimate for project work. This technique can produce higher levels of accuracy depending upon the sophistication and underlying data built into the model. Parametric cost estimates can be applied to a total project or to segments of a project, in conjunction with other estimating methods.
Process: 6.5 Estimate Activity Durations
Definition: The process of estimating the number of work periods needed to complete individual activities with estimated resources.
Key Benefit: The key benefit of this process is that it provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process.
Inputs
1. Schedule management plan
2. Activity list
3. Activity attributes
4. Activity resource requirements
5. Resource calendars
6. Project scope statement
7. Risk register
8. Resource breakdown structure
9. Enterprise environmental factors
10.Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Three-point estimating
5. Group decision-making techniques
6. Reserve analysis
Outputs
1. Activity duration estimates
2. Project documents updates

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Question 554

Which type of organizational structure is displayed in the diagram provided?

A.Projectized
B.Balanced matrix
C.Functional
D.Strong matrix

Correct Answer: A

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Question 555

Which index is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal?

A.Estimate at completion
B.Cost performance
C.Schedule performance
D.To-complete performance

Correct Answer: D

Section: Volume E

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