PMI-002 Exam Dumps - PMI CAPM Questions and Answers

A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part.

Contingency reserves may be set aside for known unknowns.

Contingency reserves may be set aside for unknown unknowns.

Contingency reserves are normally included in the project's cost and schedule baselines.

cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain

cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives

cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and seller

cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit

Below the mean.

Above the mean.

Below the median.

Above the median.

Risk mitigation response.

Workaround response.

Corrective action response.

Contingency response.

Neither party wins but both parties get some degree of satisfaction.

Important aspects of the project may be hindered in order to achieve personal objectives.

Compromise is generally considered a lose-lose situation.

A definitive resolution is seldom achieved.

$600

$1200

$3000

Zero

EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios.

Decision tree analysis is a type of EMV analysis.

EMV is a tool/technique of Perform Qualitative Risk Analysis.

EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together.

Networking

Transmitting

Encrypting

Promoting

c'ose contracts

Lessons learned documentation

Deliverable acceptance

Scope statement

When resource cost rate information is unavailable from commercial databases

When resources are applied per unit of time of duration of schedule activity

When union labor with regularly expiring collective bargaining agreements are involve

When seasonal cost variations are involve

When project budget includes interest rate changes