Predictive, Plan-Based Methodologies test - Certified Associate in Project Management questions

Question 1

When developing the Risk Management Plan, which factor is most critical to determine appropriate risk responses?

The historical data from previous projects in the organization The project's risk tolerance levels determined by stakeholder analysis The project manager's experience with similar projects The availability of contingency reserves in the budget

Correct Answer: The project's risk tolerance levels determined by stakeholder analysis

Understanding the project's risk tolerance levels determined by stakeholder analysis is the most critical factor when developing the Risk Management Plan and determining appropriate risk responses. This is because stakeholders' willingness to accept or avoid risks directly influences which risks are prioritized and how they should be managed. Aligning risk responses with stakeholder risk tolerance ensures that the project meets their expectations and remains within acceptable risk thresholds. While the project manager's experience with similar projects can provide valuable insights, it is not as critical as understanding stakeholder risk tolerance in determining appropriate risk responses. Similarly, the availability of contingency reserves is important for implementing risk responses but does not determine which responses are appropriate. Historical data from previous projects can help identify potential risks, but it does not dictate the current stakeholders' risk preferences.

Question 2

A project manager is overseeing a project with the following tasks and dependencies: - Task A: Duration 4 days - Task B: Duration 6 days - Task C: Duration 5 days - Task D: Duration 7 days - Task E: Duration 3 days Dependencies: - Tasks A and B start together. - Task C begins after Task A is finished. - Task D begins after both Tasks B and C are completed. - Task E begins after Task B is completed. If Task A is delayed by 2 days, how is the project duration affected, and what is the new critical path?

The project duration increases by 2 days to 18 days; however, the critical path shifts to Tasks B and D. The project duration remains at 16 days; the critical path shifts to Tasks B and D. The project duration increases by 4 days to 20 days; the critical path remains through Tasks A, C, and D. The project duration increases by 2 days to 18 days; the critical path remains through Tasks A, C, and D.

Correct Answer: The project duration increases by 2 days to 18 days; the critical path remains through Tasks A, C, and D.

When Task A is delayed by 2 days, its duration becomes 6 days instead of 4. Task C, which depends on the completion of Task A, will also start 2 days later. This means the path involving Tasks A, C, and D now takes a total of 6 (Task A) + 5 (Task C) + 7 (Task D) = 18 days, increasing the project duration by 2 days from the original 16 days. The critical path remains through Tasks A, C, and D because it still has the longest duration (18 days) compared to the other paths. The other paths' durations remain unchanged and are shorter than the new critical path. Therefore, the project's duration increases by 2 days to 18 days, and the critical path remains the same.

Question 3

In a Gantt chart, what does the diamond symbol typically represent?

The start of a new project phase A project milestone A task with no assigned resources An activity on the critical path

Correct Answer: A project milestone

In a Gantt chart, the diamond symbol is used to represent a project milestone. Milestones are significant events or points in time in a project schedule, and the diamond shape distinguishes them from regular task bars. This helps project managers and team members quickly identify key dates and deadlines in the project timeline.

Predictive, Plan-Based Methodologies

CAPM - Predictive, Plan-Based Methodologies Example Questions

Question 1

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