CAPM - Business Analysis Frameworks Sample Questions

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Question Title

* 1. The project sponsor informed the project manager that they have doubts about whether the resulting product will satisfy business demands. Therefore, they are looking to keep costs to a minimum. What should the project manager do?

Sign with the sponsor a fixed cost contract in order to limit project costs

Gather all requirements and execute the project using an incremental approach

Identify and implement the requirements for making a Minimum Viable Product (MVP)

Exclude certain stakeholders from the scope definition process in order to limit requirements

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* 2. A project manager is examining the investment efficiency of two potential projects. Knowing that the discount rate is unknown, what should the project manager do?

Select the project with the lowest NPV

Select the project with the lowest ROI

Select the project with the highest ROI

Select the project with the highest NPV

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* 3. An organization is deliberating over two potential projects that have exactly the same payback period. After doing a benefit measurement analysis, the project manager finds out that project A has a lower Internal Rate of Return (IRR) than project B. What project should the organization choose?

Project A

There is no difference

The available information is not enough to make a decision

Project B

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* 4. A project manager receives a document from the customer containing the new project’s requirements. When going through the document, the project manager finds it difficult to understand certain requirements, outputs, and most importantly, the project’s ultimate goal. What should the project manager do next?

Start planning the first iteration

Ask the customer for clarification

Reject the new project as it involves a lot of ambiguity

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* 5. To guide the development team on what they intend to achieve, a product owner of an HR solution shares the following table depicting the key deliverables of each quarter of the 9-month project. What agile artifact does this table represent?

Q1 2021 Q2 2021 Q3 2021
Web App
User management
Payroll module Android App
Reporting module
Dashboard iOS App
Leaves module

Product backlog

Product wireframe

Product roadmap

Product vision statement

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* 6. The role of the product owner in an Agile project is:

Coordinating the work of the sprint and running the team

Completing the backlog items and signing up tasks based on established priorities

Representing the business unit, customer, or end-use

Having a vested interest in the project and its outcomes and interfacing with stakeholders

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* 7. The team of a predictive project discovers that many implemented features are different from the outlined scope in the scope statement. Which of the following documents should the project manager refer to in order to deal with this matter?

Project charter

WBS dictionary

Requirements traceability matrix

Question Title

* 8. A project manager is facing some struggles after joining a new company; her superiors noticed that during a kick-off meeting, she had difficulty answering questions about how the project fits in with the organization’s objectives. What critical skill is the project manager lacking?

Ways of working

Business acumen

Communication skills

Power skills

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* 9. A project manager is leading a project that has become so large (multiple teams, long duration, and huge budget) that the sponsor has been replaced by a steering committee. What should the project manager do to accommodate this new change?

Share an updated status report with the new steering committee

Acknowledge that the stakeholders’ structure has changed and tailor communication accordingly

Work according to the original plan while keeping in mind that the project may now include additional stakeholders

Hold a meeting with the new steering committee and continue working on the project

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* 10. An organization assigned a new project manager to replace the one who recently left. What should the new project manager do first?

Consult the project management plan to learn about the project baselines

Consult the stakeholders' register to start interacting with the different parties involved in the project

Consult the project charter to understand the project goals and its business case

Consult the issues log and the lessons learned register to check if there is any serious problem

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* 11. A project manager is assigned to manage a software development project. When they came across one of the project's key stakeholders in the company’s hallway, the project manager seized the opportunity to get their feedback. The key stakeholder was impressed with the project’s progress and requested that the project manager urgently add a new user story for marketing the product. How should the project manager respond to this request?

Add the user story to the product backlog and let the product owner decide its priority

Accept the stakeholder’s request and add the user story to the sprint backlog

Decline to create the user story since it’s the product owner’s responsibility to maintain and refine the product backlog

Add the user story to the product backlog and schedule it for the next sprint to protect the team from disruptions

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* 12. All stakeholders are in a meeting to discuss a new project that is expected to start within one month and to last at least 10 iterations. One of the stakeholders mentions that someone should take the responsibility of developing and maintaining the product roadmap. Who should take this responsibility?

Owner

Project Manager

Development Team

Scrum Master

Question Title

* 13. A project manager is assigned to a hotel interior design project. One month into the project, the sponsor contacts the project manager to express his dissatisfaction with the deliverables, claiming that they match neither his requirements nor his expectations. How should the project manager react?

Perform a scope control to verify if the deliverables meet the project objectives

Ensure that the next deliverables have enough features to meet the client’s expectations

Talk to their manager to discuss the sponsor’s concerns

Continue working on the next deliverable as they need to finish the project on time

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* 14. A project manager is leading a project of gaming equipment development. The project team holds a monthly status review meeting with the product owner to review post-iteration deliverables. What’s the best communication type to use in a status review meeting?

Interactive

Push

Pull

Formal

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* 15. To see where each team member stands regarding a certain decision, a project manager uses the Fist of five voting technique. When the team starts voting, one member holds up five fingers. What does it mean?

They are totally against the decision

They want to refrain from taking part in the voting

They want to intervene in order to further discuss the decision

They totally support the decision

Q1 2021	Q2 2021	Q3 2021
Web App User management Payroll module	Android App Reporting module Dashboard	iOS App Leaves module