When addressing roles and responsibilities, which item ensures that the staff has the skills required to complete project activities?
Correct Answer: B
CAPM Exam Question 282
Which Process Group and Knowledge Area include the Sequence Activities process?
Correct Answer: D
CAPM Exam Question 283
Which quality control technique illustrates the 80/20 principle?
Correct Answer: A
CAPM Exam Question 284
A project lifecycle is defined as:
Correct Answer: A
Explanation/Reference: Explanation: 2.4 Project Life Cycle A project life cycle is the series of phases that a project passes through from its initiation to its closure. The phases are generally sequential, and their names and numbers are determined by the management and control needs of the organization or organizations involved in the project, the nature of the project itself, and its area of application. The phases can be broken down by functional or partial objectives, intermediate results or deliverables, specific milestones within the overall scope of work, or financial availability. Phases are generally time bounded, with a start and ending or control point. A life cycle can be documented within a methodology. The project life cycle can be determined or shaped by the unique aspects of the organization, industry, or technology employed. While every project has a definite start and a definite end, the specific deliverables and activities that take place in between will vary widely with the project. The life cycle provides the basic framework for managing the project, regardless of the specific work involved.
CAPM Exam Question 285
A tool and technique used during the Perform Qualitative Risk Analysis process is:
Correct Answer: A
Section: Volume D Explanation: 11.3.2.3 Risk Data Quality Assessment Risk data quality assessment is a technique to evaluate the degree to which the data about risks is useful for risk management. It involves examining the degree to which the risk is understood and the accuracy, quality, reliability, and integrity of the data about the risk. The use of low-quality risk data may lead to a qualitative risk analysis of little use to the project. If data quality is unacceptable, it may be necessary to gather better data. Often, the collection of information about risks is diffcult, and consumes more time and resources than originally planned. Process: 11.3 Perform Qualitative Risk Analysis Definition: The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact. Key Benefit: The key benefit of this process is that it enables project managers to reduce the level of uncertainty and to focus on high-priority risks. Inputs 1. Risk management plan 2. Scope baseline 3. Risk register 4. Enterprise environmental factors 5. Organizational process assets Tools & Techniques 1. Risk probability and impact assessment 2. Probability and impact matrix 3. Risk data quality assessment 4. Risk categorization 5. Risk urgency assessment 6. Expert judgment Outputs 1. Project documents updates
