CAPM Simulation Exam 1

(1) As part of a periodic risk review, the steering committee members express concern about a significant risk that the project team missed identifying while planning the previous sprint. At the following sprint planning meeting, the project manager and team devise an appropriate, cost-effective, and realistic response plan and assign a risk owner. What else should the project manager do?

• A. Implement the planned risk response
• B. Record the risk, risk response, and owner in the issue log
• C. Gain agreement by relevant stakeholders
• D. Submit a change request to revise the risk register

(2) A senior executive proposes starting a project to replace a significant portion of the company’s labor force with an automated production line. Other executives express skepticism about whether this approach is the best way to boost profit margins and question whether they are prepared to sponsor such an initiative. What should be the first step in this scenario?

• A. Performing a needs assessment
• B. Consulting with the project management office
• C. Appointing a project sponsor to create a project charter
• D. Providing a project manager with the authority to apply organizational resources

(3) You meet with your team to determine the life cycle for your project. After analyzing the best way to define and manage requirements, develop deliverables, handle charges, control risk and cost, and engage key stakeholders, the decision is made to select a hybrid life cycle. With the project life cycle selected, how will risk and cost be controlled?

• A. By adhering to the cost baseline and implementing risk responses
• B. By grooming the backlog as requirements and constraints emerge
• C. By increasing the cost baseline for each newly identified risk
• D. By progressively elaborating the initial plans with new information

(4) You take over a project that has just been baselined. You review the project management plan and realize that while the development phase of the project will use an adaptive lifecycle, the development team does not have any experience with agile methodologies. The resource management plan does not specify any agile training. What should you do first?

• A. Hire an agile coach to assist with the development phase of the project
• B. Submit a change request to revise the project management plan
• C. Change the life cycle description of the development phase to predictive
• D. Adjust the roles and responsibilities in the resource management plan

(5) A project manager is monitoring the status of the project schedule for a product development project. The project deliverables are being produced in an iterative fashion, and the project has just completed seven of twelve planned sprints. The project manager has gathered the following information: - 17 story points were completed and accepted in the seventh sprint - 20 story points were planned for sprint #7 - One feature worth 3 story points was completed but rejected and placed back in the product backlog - The value of the features developed to date is $172,000 - Actual costs to date are $167,000 - The BAC for the project is $300,000 - The project backlog contains 250 story points - The project team has successfully completed 137 story points to date Which of the following accurately describes the schedule performance of the project for the seventh iteration?

• A. The schedule variance (SV) is 0 story points, and the schedule performance index (SPI) is 1.0
• B. The cost variance (CV) is $5,000, and the cost performance index (CPI) is 1.03
• C. The schedule variance (SV) is -3 story points, and the schedule performance index (SPI) is 0.85
• D. There is not enough information in the scenario to determine the schedule performance

(6) Just after the daily scrum, the project sponsor stops by the war room and introduces a new member of the organization whose role will be impacted by the project. Now that a new stakeholder has been identified, what should the agile leader do next?

• A. Seek to understand the stakeholder's feelings, emotions, beliefs, and values
• B. Perform stakeholder analysis by using a power/influence grid
• C. Monitor the stakeholder to ensure that they have the appropriate level of engagement
• D. Prioritize the stakeholder to determine the level of engagement needed going forward

(7) The plan for the first iteration was to complete 80 story points. However, the team was only able to complete 60. Each story point earns $1,000 for the project. The actual cost of the iteration was $70,000. As the iteration retrospective approaches, the scrum master requests that the team prepares all the data required to calculate the various earned value metrics. At the retrospective, the team determines that the cost performance index (CPI) of the iteration was _______. (On the actual exam, you will be requested to fill in the blank with the letter representing the correct answer. But here in the simulator, please select the answer below.)

• A. 1.333
• B. 0.750
• C. 1.143
• D. 0.857

(8) Your project to produce a new vending machine is almost over, and you are now in the process of handing over the product to the operations team. You are meeting with the company president who initiated the project and with operations senior managers to demonstrate the vending machine functionality. Which of the following is most important for you to achieve when meeting with these individuals?

• A. Understanding of the specific features of the vending machine
• B. Confirming the formal acceptance of the vending machine
• C. Getting support from operations management
• D. Being recognized for project completion

(9) The project team reports that they have finished creating the requirements management plan, the requirements documentation, and the requirements traceability matrix. The team informs that they are going to start working on the project work breakdown structure (WBS) next. What has the project team forgotten to do?

• A. Create the project scope statement
• B. Complete the project management plan
• C. Update the lessons learned register
• D. Perform the Validate Scope process

(10) Team members are complaining that they cannot get their work done because the new sponsor, who is not familiar with agile practices, keeps contacting them for project details. How should the scrum master address this?

• A. Ask one of the team members to serve as a spokesperson so the others can get their work done
• B. Meet with the product owner and ask for their assistance in dealing with the sponsor
• C. Tell the team that the scrum master's permission is required before discussing project details with the sponsor
• D. Contact the sponsor and request that they should direct all questions to the scrum master