Financial CPSM Exam Questions
Certified Professional in Supply Management (CPSM) (Page 4 )

Updated On: 24-Feb-2026

The team begins by identifying a problem and then describing it, which is known as:

  1. Digression statement
  2. Feasibility statement
  3. Deviation statement
  4. Explanatory progress

Answer(s): C



A chart that captures all the possible causes of a problem in a format designed to show their relationships to the problem and to each other is known as:

  1. Integration progress chart
  2. Fishbone diagram
  3. Performance-biased diagram
  4. Root cause chart

Answer(s): B



A process of determining the small minority of a population that accounts for the majority of given effect is called:

  1. Pareto analysis
  2. Statistical analysis
  3. Population analysis
  4. None of the above

Answer(s): A



Downtime during testing, losses in productivity, resistance to change and new manuals are all description of:

  1. Project participants
  2. Logical assets
  3. External suppliers
  4. Internal organization

Answer(s): D



According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?

  1. a description of the problem under consideration
  2. options available to solve the problem
  3. benefits, costs, risks and feasibility for each available option
  4. post-recommended solution

Answer(s): D






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