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PMI CAPM certification is a valuable certification for individuals who are looking to establish their careers in project management. Certified Associate in Project Management (CAPM) certification is recognized globally and is an excellent way to demonstrate a candidate's commitment to the project management profession. The PMI CAPM certification is also an excellent way to demonstrate a candidate's understanding of project management concepts and processes, which can help them stand out from other candidates in a competitive job market.
To be eligible to take the CAPM Exam, candidates must have a secondary degree (high school diploma or equivalent) and either 1,500 hours of project experience or 23 hours of project management education. CAPM exam fee varies depending on whether the candidate is a member of PMI, but typically ranges from $300 to $400. Once certified, CAPM holders must renew their certification every five years by retaking the exam or by earning Professional Development Units (PDUs) through continuing education and professional development activities.
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The CAPM is an associate-level certification provided by the Project Management Institute (PMI) that creates a foundation for further advancement in this sphere. The CAPM certificate corresponds to global standards of the industry giving its holder plenty of pay perks and job opportunities so by passing its related CAPM test, you will prove your knowledge of the core best practices that are vital for understanding project management principles.
NEW QUESTION # 886
Which of the following is a tool and technique used to monitor risk?
Answer: D
Explanation:
Section: Volume E
Explanation:
11.6.2.4 Technical Performance Measurement
Technical performance measurement compares technical accomplishments during project execution to the schedule of technical achievement. It requires the definition of objective, quantifable measures of technical performance, which can be used to compare actual results against targets. Such technical performance measures may include weight, transaction times, number of delivered defects, storage capacity, etc. Deviation, such as demonstrating more or less functionality than planned at a milestone, can help to forecast the degree of success in achieving the project's scope.
NEW QUESTION # 887
Which process involves aggregating the estimated costs of the individual schedule activities or work packages?
Answer: C
Explanation:
Section: Volume C
Explanation
Explanation:
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates
NEW QUESTION # 888
A community project with a large number of stakeholders is scheduled for delivery in six months. The project manager asked the business analyst to ensure effective requirements elicitation. What should the business analyst do?
Answer: D
NEW QUESTION # 889
Which statement correctly describes the value of a business case?
Answer: A
Explanation:
Explanation/Reference:
Explanation:
4.1.1.2 Business Case
The business case or similar document describes the necessary information from a business standpoint to determine whether or not the project is worth the required investment. It is commonly used for decision making by managers or executives above the project level. Typically, the business need and the cost-benefit analysis are contained in the business case to justify and establish boundaries for the project, and such analysis is usually completed by a business analyst using various stakeholder inputs. The sponsor should agree to the scope and limitations of the business case. The business case is created as a result of one or more of the following:
Market demand (e.g., a car company authorizing a project to build more fuel-efficient cars in response to
gasoline shortages),
Organizational need (e.g., due to high overhead costs a company may combine staff functions and
streamline processes to reduce costs.),
Customer request (e.g., an electric utility authorizing a project to build a new substation to serve a new
industrial park),
Technological advance (e.g., an airline authorizing a new project to develop electronic tickets instead of
paper tickets based on technological advances),
Legal requirement (e.g., a paint manufacturer authorizing a project to establish guidelines for handling
toxic materials),
Ecological impacts (e.g., a company authorizing a project to lessen its environmental impact), or
Social need (e.g., a nongovernmental organization in a developing country authorizing a project to
provide potable water systems, latrines, and sanitation education to communities suffering from high rates of cholera).
Each of the examples in this list may contain elements of risk that should be addressed. In the case of multiphase projects, the business case may be periodically reviewed to ensure that the project is on track to deliver the business benefits. In the early stages of the project life cycle, periodic review of the business case by the sponsoring organization also helps to confirm that the project is still aligned with the business case. The project manager is responsible for ensuring that the project effectively and efficiently meets the goals of the organization and those requirements of a broad set of stakeholders, as defined in the business case.
NEW QUESTION # 890
Which changes occur in risk and uncertainty as well as the cost of changes as the life cycle of a typical project progresses?
Answer: A
NEW QUESTION # 891
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