PMI PMI-002 - Certified Associate in Project Management (CAPM) Certification

One of the most important tasks of the project manager during the Execution and Control phases of the project is the management of information. All Information should be communicated to everyone in the communication plan.

Cost plus incentive fee is always the lowest risk for the buyer if the scope of work is not well defined. Fixed price and purchase order are the best choice for buyer when the item is well defined.

as new to project he is most likely looking for acceptance and friendship. This comes under Social need.

Delta = n*(n-1)/2 - n1*(n1-1)/2 where n = individuals and n1 = new individuals 10-45 = 35 No of communication channels: n*(n-1)/2 where n = individual

The Planning phase is the phase with the least risk attached. The Execution phase of the project is when you are using your resources at their highest level .

This is an example of an assumption because estimates provided will be accurate if the rooms meet the requirements like (wooden coated). A and C are incorrect because the scenario did not describe a risk or constraint.

If your cost performance index is above 1.0, it indicates that you have costs that are less then estimated; so doing good. Option A is BEST fit for this CPI = EV/AC (Earned value/ Actual cost

A project that ends in extinction mode is a project that has ended before meeting its stated objectives.

project charter: The project charter formally authorizes the project, assigns the project manager, and gives a high-level definition of the projects and its deliverables.

e are following processes which are part of Project Scope Management. Collect Requirements Define Scope Create WBS Verify Scope Control Scope

The SPI equals the earned value divided by the planned value. SPI = EV/PV A schedule performance index of 1 or greater suggests that the project is ahead of schedule.

Define Scope involves subdividing the major project deliverables into smaller, more manageable components to: Improve the accuracy of cost, time and resource estimates. Define a baseline for performance measurement and control. Facilitate clear responsibility assignments.

A complete set of indexed project records for archiving by the appropriate parties.

RFP (Request for proposal) is done in Plan Procurements process.

The BAC is the budget at completion (Total budgeted cost), which is $200,000.