CAPM, Revision Guide, Questions with solutions. 100% proven comprehension. Rated A
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CAPM
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CAPM
CAPM, Revision Guide, Questions with solutions. 100% proven comprehension. Rated A
5 process groups - Initiating
Planning
Executing
Monitoring and Controlling
Closing
ten knowledge areas - Integration
Scope
Time
Cost
Quality
HR
Communications
Risk
Procurement
Stakeholder mana...
questions with solutions 100 proven comprehension rated a
5 process groups initiating planning executing monitoring and controlling closing
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CAPM, Revision Guide, Questions with
solutions. 100% proven comprehension.
Rated A
5 process groups - ✔✔Initiating
Planning
Executing
Monitoring and Controlling
Closing
ten knowledge areas - ✔✔Integration
Scope
Time
Cost
Quality
HR
Communications
Risk
Procurement
Stakeholder management
total float formula - ✔✔total float = late finish - early finish
normal distribution - ✔✔bell curve - symmetrical distribution - 50% chance of falling below the mean
and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%)
,triangular distribution - ✔✔when there are 3 possible values w/ equal probability - distribution is a
triangle. A= lowest value, B= highest value, M = most likely value
beta distribution (PERT) - ✔✔triangular distribution w/ more weight given to the most likely estimate
(can be asymmetrical). O = optimistic estimate, ML=most likely estimate, P=pessimistic estimate
mean for a beta distribution - ✔✔mean = (O + 4ML + P)/6
standard deviation for beta distribution - ✔✔standard deviation = (P-O)/6
statistical sums - ✔✔project mean is the sum of the means of the individual tasks. project standard
deviation is the square root of the project variance
earned value management - ✔✔used to monitor the progress of a project and is an analytical technique.
uses 3 independent values - PV, AC, EV
planned value (PV) - ✔✔the budget or the portion of the approved cost estimate planned to be spent
during a given period
actual cost (AC) - ✔✔the total of direct and indirect costs incurred in accomplishing work during a given
period
earned value (EV) - ✔✔the budget for the work accomplished in a given period
cost variance (CV) - ✔✔CV = EV - AC
schedule variance (SV) - ✔✔SV = EV - PV
cost performance index (CPI) - ✔✔CPI = EV/AC
,schedule performance index (SPI) - ✔✔SPI = EV/PV
positive CV indicates, negative CV indicates - ✔✔costs are below budget, costs are overrun
positive SV indicates, negative SV indicates - ✔✔a project is ahead of schedule, a project is behind
schedule
CPI greater than 1.0 indicates - ✔✔costs are below budget
SPI greater than 1.0 indicates - ✔✔project is ahead of schedule
CPI less than 1.0 indicates - ✔✔costs are over budget
SPI less than 1.0 indicates - ✔✔a project is behind schedule
estimate at completion (EAC) - ✔✔the amount we expect the total project to cost on completion and as
of the "data date" (time now)
new estimate technique for finding EAC - ✔✔EAC = AC/new estimate for remaining work
new estimate is most applicable when: - ✔✔the actual performance to date shows that the original
estimates were fundamentally flawed or when they are no longer accurate because of changes in
conditions relating to the project
original estimate technique for finding EAC - ✔✔EAC = AC/(BAC - EV)
original estimate is most applicable when: - ✔✔actual variances to date are seen as being the exception,
and the expectations for the future are that the original estimates are more reliable than the actual
work effort efficiency date
, performance estimate low technique for finding EAC - ✔✔EAC = AC + (BAC - EV)/CPI or EAC = BAC/CPI
performance estimate low formula is most applicable when: - ✔✔future variances are projected to
approximate the same level as current variances
performance estimate high technique for finding EAC - ✔✔EAC = AC + (BAC - EV) / (CPI)(SPI)
performance estimate high formula is most applicable when: - ✔✔the project is over budget and the
schedule impacts the work remaining to be completed
BAC - ✔✔budget at completion. the total budgeted cost of all approved activities
ETC - ✔✔estimate to complete - the estimate for completing the remaining work for a scheduled activity
ETC when past variances are considered to be atypical - ✔✔ETC = BAC - EV
ETC when prior variances are considered to be typical of future variances - ✔✔ETC = (BAC - EV)/CPI
communications channels - ✔✔channels = (n(n-1))/2. n - number of ppl
rule of seven - ✔✔if 7 or more observations occur in one direction, or a run of 7 observations occurs
either above or below the mean, they should be investigated to determine if they have an assignable
cause.
business value - ✔✔the entire value of a business - the total sum of all tangible and intangible elements
colocation - ✔✔project team members are physically located close to one another in order to improve
communications, working relations, and productivity
constraint - ✔✔a restriction or limitation that may force a certain course of action or inaction
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