CAPM Question - Execution of a Project

While working on a project, a project team proactively implements risk management processes. However during execution of a project, an identified risk event occurs that results in additional cost and time. The project had provisions for contingency and management reserves.
How should these be accounted for?

A. Contingency reserves 
B. Residual risks 
C. Management reserves 
D. Secondary risks

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CAPM Question - Development of the project scope Statement

You are the project manager for a software company that develops sports-based video games. You have been assigned to develop a new 3D interactive basketball video game. You have just completed the development of the project scope statement. Which of the following processes did you just complete?

A. Define Scope
B. Control Scope
C. Plan Scope
D.Verify scope

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CAPM Question - Project Initiation

What is issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities known as?

A.Organization Process Assets
B. Project Charter
C. Project Documents
D. Project Management Plan

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CAPM Question - When is a project successful

You are nearing project completion and want to get feedback about the overall project performance. From project management perspective, a project is considered to be successful when:

A.The project manager announces the completion of the project.
B. The project meets the stated project objectives.
C. The sponsor announces the completion of the project.
D.The customer is happy because you provided additional features which she had not expected.

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CAPM Question - Organization

You are one of four full-time project managers in an organization all sharing an Administration Officer. There are several projects per year that involve about 25% of the organization's employees, however, these employees do not report to you. Some of the PMs control their budgets; some do not. Your organization can best be classified as:

A. Functional
B. A strong matrix
C. Projectized
D. A balanced matrix

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