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Certified Associate in Project Management
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Question 1 of 30
1. Question
Which of the following is developed/created with a beginning and an end over a specific timeframe to produce a particular good, service, or an outcome?
Correct
A project is a work effort made to produce a new good service or outcome over a limited span of time with a beginning and an end. We often consider it a transient effort or endeavor since a mission has a start and a finish.
Incorrect
A project is a work effort made to produce a new good service or outcome over a limited span of time with a beginning and an end. We often consider it a transient effort or endeavor since a mission has a start and a finish.
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Question 2 of 30
2. Question
Which of the following is not a correct example of an organization?
Correct
For any reason or goal, an organization is a community of people assembled to operate. Examples of organizations include computer firms, electric companies (to which you pay your power bills), and cable companies. They typically carry a project out within an organization. However, the stockholders in a company do not carry out a certain function as a team.
Incorrect
For any reason or goal, an organization is a community of people assembled to operate. Examples of organizations include computer firms, electric companies (to which you pay your power bills), and cable companies. They typically carry a project out within an organization. However, the stockholders in a company do not carry out a certain function as a team.
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Question 3 of 30
3. Question
Which of the given statements/examples accurately describe the nature of a program?
Correct
A program is a series of similar projects managed in a structured manner to increase the overall efficacy and productivity and to achieve advantages and influence that can not be achieved from handling them. For instance, the delivery of a product comprising sub-products delivered by the related projects could be a program.
Incorrect
A program is a series of similar projects managed in a structured manner to increase the overall efficacy and productivity and to achieve advantages and influence that can not be achieved from handling them. For instance, the delivery of a product comprising sub-products delivered by the related projects could be a program.
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Question 4 of 30
4. Question
What is the main responsibility of the Program management office (PMO)?
Correct
Program management office (PMO) is a department within an organization responsible for supplying program managers who oversee activities and different tasks with organized structured assistance.
Incorrect
Program management office (PMO) is a department within an organization responsible for supplying program managers who oversee activities and different tasks with organized structured assistance.
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Question 5 of 30
5. Question
Which of the given alternatives correctly describes a project’s two distinguishing features?
Correct
There are two distinguishing aspects of a project: it is temporary, and it produces a unique outcome. The transient nature of projects applies to the fact that each project has a definite start and a definite finish, and that a unique service or results would be the outcome of a project.
Incorrect
There are two distinguishing aspects of a project: it is temporary, and it produces a unique outcome. The transient nature of projects applies to the fact that each project has a definite start and a definite finish, and that a unique service or results would be the outcome of a project.
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Question 6 of 30
6. Question
Suppose a project builds an online banking facility by developing a website for the respective bank. This is an illustration of:
Correct
Service: Basically, we just mean the opportunity to execute a service when we suggest a project will produce a service. An initiative to build a platform for a bank to provide online banking, for example, has provided the opportunity to provide an online banking service.
Incorrect
Service: Basically, we just mean the opportunity to execute a service when we suggest a project will produce a service. An initiative to build a platform for a bank to provide online banking, for example, has provided the opportunity to provide an online banking service.
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Question 7 of 30
7. Question
Which option correctly describes the nature or the characteristics of a project or an operation?
Correct
It is easy to differentiate between projects and operations by referring to a project’s concept that it is transient and unique and operations are continuous and repetitive. While all projects and operations have aims, a project stops when its goals are fulfilled, but an operation continues to accomplish a new set of goals when the original set of goals has been achieved.
Incorrect
It is easy to differentiate between projects and operations by referring to a project’s concept that it is transient and unique and operations are continuous and repetitive. While all projects and operations have aims, a project stops when its goals are fulfilled, but an operation continues to accomplish a new set of goals when the original set of goals has been achieved.
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Question 8 of 30
8. Question
Suppose you have a vision of a finished product, through which procedure do you put it in writing and develop it into a project?
Correct
Progressive elaboration means creating something in gradual phases. As a clearer understanding of the project deliverables and priorities emerges, the project schedule will be narrowly defined to begin and will be more precise, comprehensive, and clear incrementally. It requires successive iterations of the scheduling process, culminating in a more detailed and full timetable.
Incorrect
Progressive elaboration means creating something in gradual phases. As a clearer understanding of the project deliverables and priorities emerges, the project schedule will be narrowly defined to begin and will be more precise, comprehensive, and clear incrementally. It requires successive iterations of the scheduling process, culminating in a more detailed and full timetable.
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Question 9 of 30
9. Question
As every process has three main components, the list of tasks to be planned to formulate a comprehensive project plan will be classified as:
Correct
The input to a process comprises of the raw data that is necessary to begin the process. The list of tasks that need to be planned, for instance, is one of several input elements to the mechanism that can be used to create a project plan.
Incorrect
The input to a process comprises of the raw data that is necessary to begin the process. The list of tasks that need to be planned, for instance, is one of several input elements to the mechanism that can be used to create a project plan.
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Question 10 of 30
10. Question
The project is formally initiated by a signed contract termed as the project charter, which includes all of the stated elements except for:
Correct
Details such as the aim of the project, a high-level product overview, an overview of the target timeline, and a business justification for the project are provided in the project charter. The project charter is prepared during the initial stage of the project.
Incorrect
Details such as the aim of the project, a high-level product overview, an overview of the target timeline, and a business justification for the project are provided in the project charter. The project charter is prepared during the initial stage of the project.
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Question 11 of 30
11. Question
Which of the following functions is not performed/carried out during the phase of project planning?
Correct
Project planning involves the streamlining/refining of the project goals during the start of the project and the compilation of criteria based on the desires and aspirations of stakeholders, the determination of the scope of the project, and the determination of the course of action necessary to accomplish those goals, including the breakdown of the scope and priorities into specific, manageable activities. However, it does not organize entities and instruments used for the execution of mission tasks.
Incorrect
Project planning involves the streamlining/refining of the project goals during the start of the project and the compilation of criteria based on the desires and aspirations of stakeholders, the determination of the scope of the project, and the determination of the course of action necessary to accomplish those goals, including the breakdown of the scope and priorities into specific, manageable activities. However, it does not organize entities and instruments used for the execution of mission tasks.
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Question 12 of 30
12. Question
Project deliverables are the primary output of the project. In the implementation phase, approved modifications, suggestions, and error corrections are also enforced. Where do these modifications and recommendations emerge from?
Correct
They emerge from the project’s supervision and regulation. The stakeholders may also recommend amendments, which must go through a mechanism of review before execution. The implementation of the project is achieved using procedures that fall under a category called the executing process group.
Incorrect
They emerge from the project’s supervision and regulation. The stakeholders may also recommend amendments, which must go through a mechanism of review before execution. The implementation of the project is achieved using procedures that fall under a category called the executing process group.
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Question 13 of 30
13. Question
Activities like collecting responses from potential sellers in terms of quotes, bids, deals, and recommendations for their goods or services required for the project and choosing the sellers are carried out while:
Correct
Conducting Procurement: it entails collecting answers from prospective sellers in terms of quotes, tenders, deals, and plans for the goods or services necessary for the project; choosing sellers; and attempting to negotiate written contracts with chosen sellers.
Incorrect
Conducting Procurement: it entails collecting answers from prospective sellers in terms of quotes, tenders, deals, and plans for the goods or services necessary for the project; choosing sellers; and attempting to negotiate written contracts with chosen sellers.
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Question 14 of 30
14. Question
At which stage of a project do you handle the official approval of the result of the project, conclude all contractual agreements involved, and disband the project team?
Correct
Closing the project involves carrying out a project analysis for lessons learned and perhaps moving the project’s result to another department, such as the maintenance or operations group. Revoked projects can still go to the closing stage (i.e. projects discarded before completion).
Incorrect
Closing the project involves carrying out a project analysis for lessons learned and perhaps moving the project’s result to another department, such as the maintenance or operations group. Revoked projects can still go to the closing stage (i.e. projects discarded before completion).
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Question 15 of 30
15. Question
The closing process group mechanisms can be used to end a project, as well as to end a certain phase of the project. Which activity is not carried out during the project closure?
Correct
The project closing phase does not measure the results of quality control assessments in order to provide further advice. Rather, it includes practices to confirm that all deliverables have been given and approved, to ensure that all project conditions, including stakeholder requirements, have been met, to guarantee that the conditions for completion or withdrawal have been met, to guarantee that the project product is passed to the correct person or community, and activities to review the project for the learned lessons.
Incorrect
The project closing phase does not measure the results of quality control assessments in order to provide further advice. Rather, it includes practices to confirm that all deliverables have been given and approved, to ensure that all project conditions, including stakeholder requirements, have been met, to guarantee that the conditions for completion or withdrawal have been met, to guarantee that the project product is passed to the correct person or community, and activities to review the project for the learned lessons.
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Question 16 of 30
16. Question
A person who exercises high-level management of a series of projects or programs and communicates between the projects/programs and the organization’s corporate plan under which the projects and programs are being applied is referred to as:
Correct
A portfolio manager executes the aforementioned roles. The Portfolio Review Board is a committee that chooses and dismisses proposals by evaluating them for considerations such as the merit of the project, the return on investment, and the uncertainties inherent with project implementation.
Incorrect
A portfolio manager executes the aforementioned roles. The Portfolio Review Board is a committee that chooses and dismisses proposals by evaluating them for considerations such as the merit of the project, the return on investment, and the uncertainties inherent with project implementation.
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Question 17 of 30
17. Question
A person or an organization providing financial support for the project is termed as the project sponsor. Which of the following is not a task performed by the sponsors of the project?
Correct
They gather project support by serving as the project spokesperson for higher-level managers and point out the advantages of the project, they lead the project through the procurement process before the project is eventually approved, they play an important role in creating the original project scope and charter and serve as an expert for problems outside the reach of the project. Entering into a contractual deal with the operating enterprise to offer incentives to the project is not a task performed by the project sponsors.
Incorrect
They gather project support by serving as the project spokesperson for higher-level managers and point out the advantages of the project, they lead the project through the procurement process before the project is eventually approved, they play an important role in creating the original project scope and charter and serve as an expert for problems outside the reach of the project. Entering into a contractual deal with the operating enterprise to offer incentives to the project is not a task performed by the project sponsors.
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Question 18 of 30
18. Question
You are not allowed to use technical terms as a project manager while speaking to investors or marketing people, and you are not supposed to interact with software engineers through marketing slang. Rather, you must interact with multiple stakeholders in their native languages. The rules referred to above are necessary to ensure:
Correct
You may work with a broad spectrum of people as a project manager, ranging from executives, marketing staff, and technologists. Based on who you are communicating with, you should be able to connect and eliminate the use of technological terms and acronyms that are not known by the person or party you are communicating with. The aim is language clarity in order to correctly communicate the message.
Incorrect
You may work with a broad spectrum of people as a project manager, ranging from executives, marketing staff, and technologists. Based on who you are communicating with, you should be able to connect and eliminate the use of technological terms and acronyms that are not known by the person or party you are communicating with. The aim is language clarity in order to correctly communicate the message.
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Question 19 of 30
19. Question
How can we spot a project-related issue early enough and address it before it compromises the entire project?
Correct
Look for early warning signals by paying heed to the formal progress reports and what the team members say and do with the initiative. After you detect a potential issue, by gathering further evidence without passing judgment, understand the concern. Once the issue and its causes are understood, collaborate to identify solutions with the relevant partners and pick the alternative that you can implement.
Incorrect
Look for early warning signals by paying heed to the formal progress reports and what the team members say and do with the initiative. After you detect a potential issue, by gathering further evidence without passing judgment, understand the concern. Once the issue and its causes are understood, collaborate to identify solutions with the relevant partners and pick the alternative that you can implement.
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Question 20 of 30
20. Question
PMI advises that a successful project manager should have three features besides expertise specific to application areas and administration. Which of the given characteristics is an exclusion?
Correct
They need to have the knowledge of managing projects, the ability and skill to apply the knowledge to conduct the project, that is, to do tasks to get the job done and have personal attributes, such as an optimistic mindset and leadership qualities, to use the knowledge and practical skills to guide the project to completion in an effective manner. It is not their duty to assess coping mechanisms for unsuccessful deals.
Incorrect
They need to have the knowledge of managing projects, the ability and skill to apply the knowledge to conduct the project, that is, to do tasks to get the job done and have personal attributes, such as an optimistic mindset and leadership qualities, to use the knowledge and practical skills to guide the project to completion in an effective manner. It is not their duty to assess coping mechanisms for unsuccessful deals.
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Question 21 of 30
21. Question
Organizations that have an inadequate/limited understanding and awareness of the value of project management and often face the shortage/lack of the mechanisms/services to assist project management are referred to as:
Correct
In general, non-project-based organizations have an inadequate understanding and awareness of the value of project management and also lack mechanisms that assist project management. Systems refer to instruments and services that are specialized or necessary for the successful application of project management, such as information systems for project management.
Incorrect
In general, non-project-based organizations have an inadequate understanding and awareness of the value of project management and also lack mechanisms that assist project management. Mechanisms refer to instruments and services that are specialized or necessary for the successful application of project management, such as information systems for project management.
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Question 22 of 30
22. Question
Which attribute is not acquired by a project manager in a projectized organization?
Correct
The framework of a projectized entity is built around projects. In a projectized organization, a project manager has a full-time job rather than part-time, he has complete authority over the project team, and there is a full-time support personnel with him to assist with the project.
Incorrect
The framework of a projectized entity is built around projects. In a projectized organization, a project manager has a full-time job rather than part-time, he has complete authority over the project team, and there is a full-time support personnel with him to assist with the project.
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Question 23 of 30
23. Question
Which type of organization is structured into functional departments, but a project under it is managed by a project team, with representatives from numerous organizational units?
Correct
A matrix organization is divided into functional divisions, but a project is handled by a project team, including representatives from numerous functional departments. Matrix organizations are in the midst of two extremes (functional and projectized organizations) of the spectrum of the power/control of a project manager.
Incorrect
A matrix organization is divided into functional divisions, but a project is handled by a project team, including representatives from numerous functional departments. Matrix organizations are in the midst of two extremes (functional and projectized organizations) of the spectrum of the power/control of a project manager.
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Question 24 of 30
24. Question
Assume that a Matrix organization is classified as a weak matrix. What would be the possible position/role of the project manager in a weak matrix?
Correct
Matrix organizations are classified as a strong matrix closer to a projected structure and a weak matrix closer to a functional structure. The position of a project manager in a weak matrix is often of a planner or an expediter, and the project manager may have significant power in a strong matrix, and his or her role can be somewhat similar to a real project manager.
Incorrect
Matrix organizations are classified as a strong matrix closer to a projected structure and a weak matrix closer to a functional structure. The position of a project manager in a weak matrix is often of a planner or an expediter, and the project manager may have significant power in a strong matrix, and his or her role can be somewhat similar to a real project manager.
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Question 25 of 30
25. Question
Variables that are internal or external to the operating company in relation to the environment and that possibly could influence the project are referred to as:
Correct
Enterprise environmental factors: They can arise from some other agency involved in the initiative, within the performing organization, or from both. These variables may have a favorable or unfavorable effect on the project, and any of these factors may contribute to project restrictions.
Incorrect
Enterprise environmental factors: They can arise from some other agency involved in the initiative, within the performing organization, or from both. These variables may have a favorable or unfavorable effect on the project, and any of these factors may contribute to project restrictions.
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Question 26 of 30
26. Question
Suppose an electronics corporation has approved projects after the popularisation and success of MP3 technology to produce MP3 players. A project like this is initiated on the basis of:
Correct
Initiation of a project is the very first step in a project’s lifecycle. Projects also emerge from outlets/sources that are unrelated to the project. Such a project is launched/initiated because of an incentive/opportunity based on the evident technological progress.
Incorrect
Initiation of a project is the very first step in a project’s lifecycle. Projects also emerge from outlets/sources that are unrelated to the project. Such a project is launched/initiated because of an incentive/opportunity based on the evident technological progress.
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Question 27 of 30
27. Question
Which model of benefit measurement assigns specific weights to different parameters to reflect the varying degree of value given to various parameters and then tests all projects against this range of metrics/parameters and selects the project with the highest score?
Correct
Scoring Model: The benefit of a scoring model is that you have the ability to apply multiple weights to specific parameters in order to pick projects that are aligned with your company’s priorities and purpose. Creating a successful scoring model is a challenging activity that needs impartial cross-departmental input from multiple levels of the enterprise.
Incorrect
Scoring Model: The benefit of a scoring model is that you have the ability to apply multiple weights to specific parameters in order to pick projects that are aligned with your company’s priorities and purpose. Creating a successful scoring model is a challenging activity that needs impartial cross-departmental input from multiple levels of the enterprise.
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Question 28 of 30
28. Question
If the projected cost of making a good is $20,000, and you anticipate it to be sold for $80,000, then the Benefit-Cost Ratio (BCR) would be equivalent to:
Correct
By dividing the gain by the cost, the benefit-cost ratio (BCR) is achieved. The higher the rating, the more the proposal is appealing. For instance, if the expected cost of making a commodity is $20,000, and you estimate it to sell for $80,000, then the BCR is equal to $80,000/$20,000, which is equal to 4. The BCR must be greater than 1 for the gain to outweigh the expense.
Incorrect
By dividing the gain by the cost, the benefit-cost ratio (BCR) is achieved. The higher the rating, the more the proposal is appealing. For instance, if the expected cost of making a commodity is $20,000, and you estimate it to sell for $80,000, then the BCR is equal to $80,000/$20,000, which is equal to 4. The BCR must be greater than 1 for the gain to outweigh the expense.
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Question 29 of 30
29. Question
Suppose you spend $300,000 today in constructing a house that will be finished and sold for $500,000 after 3 years. At the same time, presume that after three years, real estate worth $400,000 will be valued at $500,000 today. The net present value (NPV) will then be:
Correct
The current value of potential capital inflows (benefits) minus the present value of current and future cash outflows (costs) is the NPV of a venture/project. Now since the current value of your house’s cash inflow is $400,000, the NPV would be equivalent to $400,000-$300,000 that is $100,000.
Incorrect
The current value of potential capital inflows (benefits) minus the present value of current and future cash outflows (costs) is the NPV of a venture/project. Now since the current value of your house’s cash inflow is $400,000, the NPV would be equivalent to $400,000-$300,000 that is $100,000.
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Question 30 of 30
30. Question
The amount that somebody is prepared to pay today with an expectation of earning cash flow in the future is defined as:
Correct
The discounted cash flow corresponds to the amount someone is prepared to spend now in expectation of the eventual acquisition of the cash flow in the future. DCF is determined by taking the amount you plan to earn in the future and discounting it on the timeframe it back to today.
Incorrect
The discounted cash flow corresponds to the amount someone is prepared to spend now in expectation of the eventual acquisition of the cash flow in the future. DCF is determined by taking the amount you plan to earn in the future and discounting it on the timeframe it back to today.