CAPM Flashcards

A project manager notices that team morale has dropped significantly after a major scope change. According to Maslow's hierarchy of needs, which level is MOST likely affected?

Answer: Esteem needs

Scope changes that reduce team members' sense of contribution or recognition impact esteem needs such as achievement and respect.

What is the BEST description of progressive elaboration in project management?

Answer: Adding more detail to the project plan as more information becomes available

Progressive elaboration is the process of continuously improving and detailing a project plan as more information becomes available.

Which type of contract places the MOST financial risk on the buyer?

Answer: Cost-plus-fixed-fee (CPFF)

Cost-plus contracts place the most risk on the buyer because they reimburse all allowable costs and add a fee, regardless of final cost.

A project manager is using the Monte Carlo technique. What is this technique used for?

Answer: Simulating project outcomes to analyze cost and schedule risk

Monte Carlo simulation runs thousands of iterations with randomized inputs to predict the probability distribution of project outcomes.

When should a project manager conduct a stakeholder analysis?

Answer: Early and repeatedly throughout the project

Stakeholder analysis should be conducted early and revisited throughout the project as stakeholders and their interests can change.

Which scheduling method calculates early and late start/finish dates for all activities without considering resource limitations?

Answer: Critical Path Method (CPM)

The Critical Path Method calculates theoretical early and late dates using forward and backward pass without resource constraints.

A project team member reports that a completed deliverable does not meet the acceptance criteria defined in the scope statement. This should be documented as a:

Answer: Defect

A deliverable that fails to meet defined acceptance criteria is a defect that must be repaired or replaced.