CA0-001 Exam Dumps - PMI CAPM Questions and Answers

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter).

Alternative identification is a planning process to find alternatives to completing the project scope.

If your cost performance index is above 1.0, it indicates that you have costs that are less then estimated. CPI = EV/AC (Earned value/ Actual cost)

Project Manager is responsible for the creation of the final project plan.

Work Breakdown Structure (WBS): A deliverable-oriented grouping of project elements which organizes and defines the total scope of the project. It sub divide the major tasks to minor details.

The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method

The project sponsor creates and issues the project charter.