Quiz PMI - CAPM - Certified Associate in Project Management (CAPM)–Reliable Updated CBT

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Earning the CAPM certification can open up new career opportunities for individuals in a variety of industries. It demonstrates to potential employers that the individual has a solid understanding of project management principles and is committed to continuous learning and professional development. Additionally, the certification can lead to higher salaries and increased job satisfaction.

PMI CAPM Exam covers a wide range of project management topics, including project integration management, project scope management, project time management, project cost management, project quality management, project resource management, project communication management, project risk management, and project procurement management. CAPM exam is designed to test the candidate's understanding of project management concepts, principles, and practices, and their ability to apply them in real-world situations. Passing the PMI CAPM Exam is a great way to demonstrate your commitment to your career and your willingness to learn and grow in the field of project management.

The Project Management Institute (PMI) is a globally recognized organization that offers various certifications in the field of project management. One of the most sought-after certifications offered by PMI is the Certified Associate in Project Management (CAPM). The CAPM certification is designed for individuals who are new to project management and want to gain the fundamental knowledge and skills required to manage projects successfully.

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PMI Certified Associate in Project Management (CAPM) Sample Questions (Q625-Q630):

NEW QUESTION # 625
What three strategies are used to respond to threats?

A. Mitigate, accept, and prioritize
B. Escalate, transfer, and exploit
C. Escalate, accept, and mitigate
D. Accept share, and avoid

Answer: C

NEW QUESTION # 626
A graphic display of project team members and their reporting relationships is known as a:

A. Project organization chart.
B. Responsibility assignment matrix (RAM).
C. Resource breakdown structure (RBS).
D. Resource calendar.

Answer: A

Explanation:
Section: Volume B
Explanation/Reference:
Explanation:
Project organization charts. A project organization chart is a graphic display of project team members and their reporting relationships. It can be formal or informal, highly detailed or broadly framed, based on the needs of the project. For example, the project organization chart for a 3,000-person disaster response team will have greater detail than a project organization chart for an internal, twenty-person project.

NEW QUESTION # 627
The risk management team of a software project has decided that due to the lack of adequate talent in the company, development of a specific part of the system is under high risk, so the team has decided to outsource it. This is an example of which risk response?

A. Share
B. Avoid
C. Accept
D. Transfer

Answer: D

Explanation:
Section: Volume D
Explanation:
11.5.2.1 Strategies for Negative Risks or Threats
Three strategies, which typically deal with threats or risks that may have negative impacts on project objectives if they occur, are: avoid, transfer, and mitigate. The fourth strategy, accept, can be used for negative risks or threats as well as positive risks or opportunities. Each of these risk response strategies have varied and unique inﬂuence on the risk condition. These strategies should be chosen to match the risk's probability and impact on the project's overall objectives. Avoidance and mitigation strategies are usually good strategies for critical risks with high impact, while transference and acceptance are usually good strategies for threats that are less critical and with low overall impact. The four strategies for dealing with negative risks or threats are further described as follows:
Avoid. Risk avoidance is a risk response strategy whereby the project team acts to eliminate the threat or

protect the project from its impact. It usually involves changing the project management plan to eliminate the threat entirely. The project manager may also isolate the project objectives from the risk's impact or change the objective that is in jeopardy. Examples of this include extending the schedule, changing the strategy, or reducing scope. The most radical avoidance strategy is to shut down the project entirely. Some risks that arise early in the project can be avoided by clarifying requirements, obtaining information, improving communication, or acquiring expertise.
Transfer. Risk transference is a risk response strategy whereby the project team shifts the impact of a threat

to a third party, together with ownership of the response. Transferring the risk simply gives another party responsibility for its management-it does not eliminate it. Transferring does not mean disowning the risk by transferring it to a later project or another person without his or her knowledge or agreement. Risk transference nearly always involves payment of a risk premium to the party taking on the risk. Transferring liability for risk is most effective in dealing with financial risk exposure. Transference tools can be quite diverse and include, but are not limited to, the use of insurance, performance bonds, warranties, guarantees, etc. Contracts or agreements may be used to transfer liability for specified risks to another party. For example, when a buyer has capabilities that the seller does not possess, it may be prudent to transfer some work and its concurrent risk contractually back to the buyer. In many cases, use of a cost-plus contract may transfer the cost risk to the buyer, while a fixed-price contract may transfer risk to the seller.
Mitigate. Risk mitigation is a risk response strategy whereby the project team acts to reduce the probability of

occurrence or impact of a risk. It implies a reduction in the probability and/or impact of an adverse risk to be within acceptable threshold limits. Taking early action to reduce the probability and/or impact of a risk occurring on the project is often more effective than trying to repair the damage after the risk has occurred. Adopting less complex processes, conducting more tests, or choosing a more stable supplier are examples of mitigation actions. Mitigation may require prototype development to reduce the risk of scaling up from a bench-scale model of a process or product. Where it is not possible to reduce probability, a mitigation response might address the risk impact by targeting linkages that determine the severity. For example, designing redundancy into a system may reduce the impact from a failure of the original component.
Accept. Risk acceptance is a risk response strategy whereby the project team decides to acknowledge the

risk and not take any action unless the risk occurs. This strategy is adopted where it is not possible or cost- effective to address a specific risk in any other way. This strategy indicates that the project team has decided not to change the project management plan to deal with a risk, or is unable to identify any other suitable response strategy. This strategy can be either passive or active. Passive acceptance requires no action except to document the strategy, leaving the project team to deal with the risks as they occur, and to periodically review the threat to ensure that it does not change significantly. The most common active acceptance strategy is to establish a contingency reserve, including amounts of time, money, or resources to handle the risks.

NEW QUESTION # 628
Which of the following is an input to Direct and Manage Project Execution?

A. Approved change requests
B. Requested changes
C. Implemented defect repair
D. Work performance information

Answer: A

NEW QUESTION # 629
Cost of quality (COQ) refers to total cost of/to:

A. Perform quality control.
B. Product inspection activities.
C. All efforts related to quality.
D. Maintain plan quality.

Answer: B

Explanation:
Section: Volume E

NEW QUESTION # 630
......

To advance your career, take the Certified Associate in Project Management (CAPM) exam. Your Certified Associate in Project Management (CAPM) demonstrates your commitment to lifelong learning. Passing the Certified Associate in Project Management (CAPM) exam in one sitting is not a walk in the park. The PMI CAPM exam preparation process takes a lot of time and effort. You have to put time and money into passing the Certified Associate in Project Management (CAPM) exam. The best method to reap the rewards of your investment in becoming an PMI Horizon & PMI is by using PMI CAPM Exam Questions. Additionally, you can confidently study for the CAPM exam.

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Quiz PMI - CAPM - Certified Associate in Project Management (CAPM)–Reliable Updated CBT

Cheap CAPM Dumps & CAPM New Dumps Ppt

PMI Certified Associate in Project Management (CAPM) Sample Questions (Q625-Q630):

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