Capm Exam Prep Test Updated Questions And Answers (Verified Answers)

Discount Rate {Ans: The interest rate used to calculate present value of expected yearly benefits and costs}Validate Scope {Ans: Inspection Group decision-making techniques}Scope Management {Ans: All the work required, and only the work required, to complete the project successfully}Cause and Effect Diagrams {Ans: Fishbone diagrams or Ishikawa diagrams; problem statement placed at the head of the fishbone is used as a starting point to trace the problem's source back to its actionable root cause}Expected Monetary Value (EMV) {Ans: EMV=P*I}Plan Quality Management {Ans: Cost-benefit analysis Cost of quality Seven basic quality tools Benchmarking Design of experiments Statistical sampling Additional quality planning tools Meetings}