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PMI Certification
CAPM Exam
PMI.CAPM.v2023-05-16.q322 Dumps

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Question 156

Monte Carlo is which type of risk analysis technique?

A.Probability
B.Quantitative
C.Qualitative
D.Sensitivity

Correct Answer: B

Explanation/Reference:
Explanation:
Monte Carlo Simulation. A process which generates hundreds or thousands of probable performance outcomes based on probability distributions for cost and schedule on individual tasks. The outcomes are then used to generate a probability distribution for the project as a whole.

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Question 157

Which type of diagram includes groups of information and shows relationships between factors, causes, and objectives?

A.Affinity
B.Scatter
C.Fishbone
D.Matrix

Correct Answer: D

Section: Volume E
Explanation:
Matrix diagrams. A quality management and control tool used to perform data analysis within the organizational structure created in the matrix. The matrix diagram seeks to show the strength of relationships between factors, causes, and objectives that exist between the rows and columns that form the matrix.

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Question 158

Success is measured by benefits realization for a:

A.strategic plan
B.project
C.portfolio
D.program

Correct Answer: C

Section: Volume B
Explanation/Reference:
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.

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Question 159

A project manager is estimating project activities using an algorithm to calculate costs or durations. What is this technique called?

A.Analogous estimating
B.Three-point estimating
C.Parametric estimating
D.Bottom-up estimating

Correct Answer: C

Section: Volume E
Explanation/Reference:

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Question 160

The process of identifying the stakeholders' information needs is completed during:

A.Plan Communications.
B.Manage Stakeholder Expectations.
C.Stakeholder Analysis.
D.Identify Stakeholders.

Correct Answer: A

Explanation/Reference:
Explanation:
Process: 10.1 Plan Communications Management
Definition: The process of developing an appropriate approach and plan for project communications based on stakeholder's information needs and requirements, and available organizational assets.
Key Benefit: The key benefit of this process is that it identifies and documents the approach to communicate most effectively and efficiently with stakeholders.
Inputs
1. Project management plan
2. Stakeholder register
3. Enterprise environmental factors
4. Organizational process assets
Tools & Techniques
1. Communication requirements analysis
2. Communication technology
3. Communication models
4. Communication methods
5. Meetings
Outputs
1. Communications management plan
2. Project documents updates

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