Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?
Answer(s): A
Process: 12.1 Plan Procurement ManagementDefinition: 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.Inputs1. Project management plan2. Requirements documentation3. Risk register4. Activity resource requirements5. Project schedule6. Activity cost estimates7. Stakeholder register8. Enterprise environmental factors9. Organizational process assetsTools & Techniques1. Make-or-buy analysis2. Expert judgment3. Market research4. MeetingsOutputs1. Procurement management plan2. Procurement statement of work3. Procurement documents4. Source selection criteria5. Make-or-buy decisions6. Change requests7. Project documents updates
Which tool or technique is used to manage change requests and the resulting decisions?
4.5.2.3 Change Control ToolsIn 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 stakeholders4.3.3.3 Change RequestsA 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.
The planned work contained in the lowest level of work breakdown structure (WBS) components is known as:
In which Knowledge Area is the project charter developed?
Answer(s): D
Knowledge Areas4. Project Integration Management5. Project Scope Management6. Project Time Management7. Project Cost Management8. Project Quality Management9. Project Human Resource Management 10.Project Communications Management 11.Project Risk Management12.Project Procurement Management 13.Project Stakeholder ManagementProcess: 4.1. Develop Project CharterDefinition: 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.Inputs1. Project statement of work2. Business case3. Agreements4. Enterprise environmental factors5. Organizational process assetsTools & Techniques1. Expert judgment2. Facilitation techniquesOutputs1. Project charter
The ability to influence cost is greatest during which stages of the project?
Share your comments for PMI CAPM exam with other users:
i used this site since 2000, still great to support my career