QUESTION: 81

Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?

Plan Procurement Management
Control Procurements
Collect Requirements
Plan Cost Management

Answer(s): A

Explanation:

Process: 12.1 Plan Procurement Management
Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.

Inputs
1. Project management plan
2. Requirements documentation
3. Risk register
4. Activity resource requirements
5. Project schedule
6. Activity cost estimates
7. Stakeholder register
8. Enterprise environmental factors
9. Organizational process assets

Tools & Techniques
1. Make-or-buy analysis
2. Expert judgment
3. Market research
4. Meetings

Outputs
1. Procurement management plan
2. Procurement statement of work
3. Procurement documents
4. Source selection criteria
5. Make-or-buy decisions
6. Change requests
7. Project documents updates

Reveal Solution Next Question

QUESTION: 82

Which tool or technique is used to manage change requests and the resulting decisions?

Change control tools
Expert judgment
Delphi technique
Change log

Answer(s): A

Explanation:

4.5.2.3 Change Control Tools
In order to facilitate Configuration and change management, manual or automated tools may be used. Tool selection should be based on the needs of the project stakeholders including organizational and environmental considerations and/or constraints.
Tools are used to manage the change requests and the resulting decisions. Additional considerations should be made for communication to assist the CCB members in their duties as well as distribute the decisions to the appropriate stakeholders

4.3.3.3 Change Requests
A change request is a formal proposal to modify any document, deliverable, or baseline. An approved change request will replace the associated document, deliverable, or baseline and may result in an update to other parts of the project management plan. When issues are found while project work is being performed, change requests are submitted, which may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality. Other change requests cover the needed preventive or corrective actions to forestall negative impact later in the project. Requests for a change can be direct or indirect, externally or internally initiated, and can be optional or legally/contractually mandated, and may include:
Corrective action—An intentional activity that realigns the performance of the project work with the project management plan;
Preventive action—An intentional activity that ensures the future performance of the project work is aligned with the project management plan;
Defect repair—An intentional activity to modify a nonconforming product or product component;
Updates—Changes to formally controlled project documents, plans, etc., to reflect modified or additional ideas or content.

Reveal Solution Next Question

QUESTION: 83

The planned work contained in the lowest level of work breakdown structure (WBS) components is known as:

Work packages.
Accepted deliverables.
The WBS dictionary.
The scope baseline.

Answer(s): A

Reveal Solution Next Question

QUESTION: 84

In which Knowledge Area is the project charter developed?

Project Cost Management
Project Scope Management
Project Time Management
Project Integration Management

Answer(s): D

Explanation:

Knowledge Areas
4. Project Integration Management
5. Project Scope Management
6. Project Time Management
7. Project Cost Management
8. Project Quality Management
9. Project Human Resource Management 10.Project Communications Management 11.Project Risk Management
12.Project Procurement Management 13.Project Stakeholder Management

Process: 4.1. Develop Project Charter
Definition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.

Inputs
1. Project statement of work
2. Business case
3. Agreements
4. Enterprise environmental factors
5. Organizational process assets

Tools & Techniques
1. Expert judgment
2. Facilitation techniques

Outputs
1. Project charter

Reveal Solution Next Question

Free CAPM Exam Braindumps (page: 22)

QUESTION: 81

Explanation:

QUESTION: 82

Explanation:

QUESTION: 83

QUESTION: 84

Explanation:

CAPM Exam Discussions & Posts