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PMI Certified Associate in Project Management (CAPM) Sample Questions (Q447-Q452):NEW QUESTION # 447
Which of the following is a schedule network analysis technique that takes limited resources into account?
Answer: C
NEW QUESTION # 448
Which type of estimating can produce higher levels of accuracy, depending upon the sophistication and underlying data built into the model?
Answer: C
Explanation:
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.
NEW QUESTION # 449
To please the customer, a project team member delivers a requirement which is uncontrolled. This is not part of the plan. This describes:
Answer: B
NEW QUESTION # 450
In Project Cost Management, which input is exclusive to the Determine Budget process?
Answer: B
Explanation:
Section: Volume D
Explanation:
7.3.1.6 Resource Calendars
Described in Sections 9.2.3.2 and 12.2.3.3. Resource calendars provide information on which resources are assigned to the project and when they are assigned. This information can be used to indicate resource costs over the duration of the project.
9.2.3.2 Resource Calendars
Resource calendars document the time periods that each project team member is available to work on the project.
Creating a reliable schedule (Section 6.6.3.1) depends on having a good understanding of each person's availability and schedule constraints, including time zones, work hours, vacation time, local holidays, and commitments to other projects.
12.2.3.3 Resource Calendars
The quantity and availability of contracted resources and those dates on which each specific resource or resource group can be active or idle are documented.
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates
NEW QUESTION # 451
Which type of risk diagram is useful for showing time ordering of events?
Answer: B
Explanation:
Section: Volume D
NEW QUESTION # 452
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