CAPM Free Practice Test

- (Exam Topic 5)
When cost variance is negative and schedule variance is positive, the project is:

1. A. under budget and behind schedule.
2. B. over budget and ahead of schedule.
3. C. on schedule.
4. D. complete; all planned values have been earned.

Correct Answer: B

- (Exam Topic 6)
Why is tailoring in a project necessary?

1. A. Requirements keep changing.
2. B. An artifact must be produced.
3. C. A tool or technique is required.
4. D. Each project is unique.

Correct Answer: D
Each project is unique, and the members of the project team should select the appropriate tools, techniques, inputs, and outputs from the PMBOK Guide.

- (Exam Topic 2)
The cost baseline and project funding requirements are outputs of which process in Project Cost Management?

1. A. Estimate Costs
2. B. Control Costs
3. C. Plan Cost Management
4. D. Determine Budget

Correct Answer: D

- (Exam Topic 3)
A measure of cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal and is expressed as the ratio of the cost needed for finishing the outstanding work to the remaining budget is known as the:

1. A. budget at completion (BAC)
2. B. earned value management (EVM)
3. C. to-complete performance index
4. D. cost performance index

Correct Answer: C

- (Exam Topic 4)
Which of the following is a set of interrelated actions and activities performed to achieve a prespecified product, result, or service?

1. A. Portfolio
2. B. Process
3. C. Project
4. D. Program

Correct Answer: B