Certified Associate In Project Management (Capm) 44 Correctly Answered Questions Latest Update

When calculating activity durations, the estimating method that uses historical data and is frequently used when there is a limited amount of detailed information is referred to as: {Ans: Analogous}The key benefit of one of the Integration processes is that it allows stakeholders to understand the current state of the project, the steps taken, budget, schedule, and scope forecasts. This process is known as: {Ans: Monitor and Control Project Work}The project manager and team should consider each process along with its inputs, tools and outputs. As a result, they should choose which are applicable. This effort is known as {Ans: Tailoring}As Planning occurs, more and more is known about the project and the project management plan becomes increasingly detailed. This detailing is known specifically as: {Ans: Progressive elaboration}Early in the project, the sponsor provides a range for what the project might cost. The range is $75,000 to $175,000 with a base cost of $100,000. What is this estimate referred to as? {Ans: Rough order of magnitude}The project manager is responsible for maintaining all contract documentation and records and for archiving them during Close Procurements. The tool or technique used for this is known as the: