BONUS!!! Download part of Actual4Exams CAPM dumps for free: https://drive.google.com/open?id=1oy2UZ4zcGbuEPt2eHqFx2IrPfpDj6Amj
Passing a exam for most candidates may be not very easy, our CAPM Exam Materials are trying to make the make the difficult things become easier. With the experienced experts to revise the CAPM exam dump, and the professionals to check timely, the versions update is quietly fast. Thinking that if you got the certificate, you can get a higher salary, and you’re your position in the company will also in a higher level.
The CAPM Certification Exam is ideal for individuals who have a basic understanding of project management but lack extensive experience in managing projects. CAPM exam measures their knowledge of project management processes, terminology, and best practices. It also evaluates their ability to apply this knowledge in real-life scenarios related to project initiation, planning, execution, monitoring, and closing.
If you're looking to accelerate your career in the field of information technology, don't hesitate to take advantage of our top-notch PMI CAPM practice material. What sets Actual4Exams apart is our commitment to providing updated and actual CAPM certification exam questions. Our dedicated team works hard to collect and update the CAPM Exam Questions based on the latest exam sections. We closely observe the real PMI CAPM content to ensure that our unique and error-free exam questions make your preparation successful.
The PMI CAPM is an entry-level certification designed for candidates with less project experience. It aims to determine their familiarity and understanding of the facts, terminology, and processes of effective project management. In addition to dedication and a strong intent to pass this exam, successful candidates use multiple study aids for the exam prep, including courses and study guides. Once you get CAPM Certified, the certificate is valid for three years and certification holders should earn 15 professional developmental units or PDUs every three years to maintain the designation. To know more about prerequisites, course overview, and preparation materials, read below.
NEW QUESTION # 1288
What risk response strategy involves removing high- risk scope elements from a project?
Answer: B
Explanation:
In accordance with the PMBOKGuide, the Plan Risk Responses process identifies several strategies for dealing with negative risks or threats.
* Avoid: Risk avoidance is a strategy where the project team acts to eliminate the threat or protect the project from its impact. This typically involves changing the project management plan to eliminate the risk entirely. Common examples of avoidance include extending the schedule, changing the strategy, or, as mentioned in the question, reducing or removing scope that is deemed too high-risk for the organization to manage.
* Transfer: This involves shifting the impact and ownership of a threat to a third party (e.g., through insurance, performance bonds, or warranties). It does not eliminate the risk from the project scope; it simply makes another party responsible for the financial consequences.
* Exploit: This is a strategy used for positive risks (opportunities), not threats. It seeks to ensure that the opportunity is realized.
* Accept: This strategy indicates that the project team has decided not to act against a risk. It can be passive (doing nothing) or active (establishing a contingency reserve).
Per PMI standards, when a project manager decides that a specific technical deliverable or scope element is beyond the team ' s risk appetite, the most effective way to " Avoid " that risk is to remove that requirement from the project scope statement.
NEW QUESTION # 1289
When developing the project schedule, a project manager uses decomposition and rolling wave planning techniques in this process:
Answer: C
Explanation:
Section: Volume E
Explanation:
In agile projects, DECOMPOSITION is Tool and technique of define activities, create WBS. You have subdivided the work package into smaller manageable components of schedule activities which is decomposition. Decomposition was used to create WBS process, if u further decompose WBS package you get schedule of activities.
Rolling Wave Planning is one of the techniques in the 'Define Activities' process under Project Time Management.
NEW QUESTION # 1290
Which activity involves ensuring that the composition of a projects configuration items is correct?
Answer: A
Explanation:
Section: Volume D
Explanation:
Configuration identification. Identification and selection of a configuration item to provide the basis for
which the product configuration is defined and verified, products and documents are labeled, changes are managed, and accountability is maintained.
Configuration status accounting. Information is recorded and reported as to when appropriate data about
the configuration item should be provided. This information includes a listing of approved configuration identification, status of proposed changes to the configuration, and the implementation status of approved changes.
Configuration verification and audit. Configuration verification and configuration audits ensure the
composition of a project's configuration items is correct and that corresponding changes are registered, assessed, approved, tracked, and correctly implemented. This ensures the functional requirements defined in the configuration documentation have been met.
NEW QUESTION # 1291
A project manager is working on project cost management. The following information is current:
- Planned value = 30
- Actual cost = 35
- Earned value = 28
Considering this data, which project indicator is correct?
Answer: C
NEW QUESTION # 1292
Which of the following response strategies are appropriate for negative risks or threats?
Answer: D
Explanation:
Section: Volume E
Explanation:
11.5.2.1 Strategies for Negative Risks or Threats
Three strategies, which typically deal with threats or risks that may have negative impacts on project objectives if they occur, are: avoid, transfer, and mitigate. The fourth strategy, accept, can be used for negative risks or threats as well as positive risks or opportunities. Each of these risk response strategies have varied and unique influence on the risk condition. These strategies should be chosen to match the risk's probability and impact on the project's overall objectives. Avoidance and mitigation strategies are usually good strategies for critical risks with high impact, while transference and acceptance are usually good strategies for threats that are less critical and with low overall impact. The four strategies for dealing with negative risks or threats are further described as follows:
Avoid. Risk avoidance is a risk response strategy whereby the project team acts to eliminate the threat or
protect the project from its impact. It usually involves changing the project management plan to eliminate the threat entirely. The project manager may also isolate the project objectives from the risk's impact or change the objective that is in jeopardy. Examples of this include extending the schedule, changing the strategy, or reducing scope. The most radical avoidance strategy is to shut down the project entirely. Some risks that arise early in the project can be avoided by clarifying requirements, obtaining information, improving communication, or acquiring expertise.
Transfer. Risk transference is a risk response strategy whereby the project team shifts the impact of a threat
to a third party, together with ownership of the response. Transferring the risk simply gives another party responsibility for its management-it does not eliminate it. Transferring does not mean disowning the risk by transferring it to a later project or another person without his or her knowledge or agreement. Risk transference nearly always involves payment of a risk premium to the party taking on the risk. Transferring liability for risk is most effective in dealing with financial risk exposure. Transference tools can be quite diverse and include, but are not limited to, the use of insurance, performance bonds, warranties, guarantees, etc. Contracts or agreements may be used to transfer liability for specified risks to another party. For example, when a buyer has capabilities that the seller does not possess, it may be prudent to transfer some work and its concurrent risk contractually back to the buyer. In many cases, use of a cost-plus contract may transfer the cost risk to the buyer, while a fixed-price contract may transfer risk to the seller.
Mitigate. Risk mitigation is a risk response strategy whereby the project team acts to reduce the probability of
occurrence or impact of a risk. It implies a reduction in the probability and/or impact of an adverse risk to be within acceptable threshold limits. Taking early action to reduce the probability and/or impact of a risk occurring on the project is often more effective than trying to repair the damage after the risk has occurred. Adopting less complex processes, conducting more tests, or choosing a more stable supplier are examples of mitigation actions. Mitigation may require prototype development to reduce the risk of scaling up from a bench-scale model of a process or product. Where it is not possible to reduce probability, a mitigation response might address the risk impact by targeting linkages that determine the severity. For example, designing redundancy into a system may reduce the impact from a failure of the original component.
Accept. Risk acceptance is a risk response strategy whereby the project team decides to acknowledge the
risk and not take any action unless the risk occurs. This strategy is adopted where it is not possible or cost- effective to address a specific risk in any other way. This strategy indicates that the project team has decided not to change the project management plan to deal with a risk, or is unable to identify any other suitable response strategy. This strategy can be either passive or active. Passive acceptance requires no action except to document the strategy, leaving the project team to deal with the risks as they occur, and to periodically review the threat to ensure that it does not change significantly. The most common active acceptance strategy is to establish a contingency reserve, including amounts of time, money, or resources to handle the risks.
NEW QUESTION # 1293
......
CAPM Free Study Material: https://www.actual4exams.com/CAPM-valid-dump.html
BTW, DOWNLOAD part of Actual4Exams CAPM dumps from Cloud Storage: https://drive.google.com/open?id=1oy2UZ4zcGbuEPt2eHqFx2IrPfpDj6Amj